Subject financing. This qualification can be used by a charterer to indicate that he is attempting to finance a transaction for which he needs a ship, for example, he wishes to purchase a quantity of bulk cargo such as sugar, and needs a ship to transport it. It can also be used by a purchaser of a ship before confirming that he can complete the purchase.

 

Subject managers' approval. For the shipowner this can be a somewhat troublesome qualification because it indicates that the charterer's negotiator has to refer all the issues to a third party to make a final decision.

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