|
|
 | | | |
- close
- close
- close
- close
SB » Topics » We depend upon a limited number of customers for a large part of our revenues and the loss of one or more of these customers could have a material adverse effect on our business, financial condition and results of operations.This excerpt taken from the SB 6-K filed Jun 8, 2009. We depend upon a limited number of customers for a large part of our revenues and the loss of one or more of these customers could have a material adverse effect on our business, financial condition and results of operations. We expect to derive a significant part of our revenues from a limited number of customers. During 2008, approximately 72.4% of our revenues were derived from three charterers. We could lose a customer for many different reasons, including if:
If we lose a key customer, we may be unable to obtain period time charters on comparable terms with charterers of comparable standing or may have increased exposure to the volatile spot market, which is highly competitive and subject to significant price fluctuations. The loss of any of our key customers, a decline in payments under our charters, or the failure of a key customer to perform under its charters with us could have a material adverse effect on our business, financial condition and results of operations. This excerpt taken from the SB 20-F filed May 19, 2009. We depend upon a limited number of customers for a large part of our revenues and the loss of one or more of these customers could have a material adverse effect on our business, financial condition and results of operations. We expect to derive a significant part of our revenues from a limited number of customers. During 2008, approximately 72.4% of our revenues were derived from three charterers. We could lose a customer for many different reasons, including if:
If we lose a key customer, we may be unable to obtain period time charters on comparable terms with charterers of comparable standing or may have increased exposure to the volatile spot market, which is highly competitive and subject to significant price fluctuations. The loss of any of our key customers, a decline in payments under our charters, or the failure of a key customer to perform under its charters with us could have a material adverse effect on our business, financial condition and results of operations. | EXCERPTS ON THIS PAGE:
|
| |||||||
