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(a) Trustee fee | 0.02% per annum of the value of the Trust Property | |
(b) Management fees | 4.0% of the cash lease rentals, net of any other commissions or deductions by third parties and all applicable tax, duties and levies whatsoever imposed by the relevant authorities in Singapore or elsewhere. | |
(c) Acquisition fee | 1.0% of vessel acquisition cost. | |
(d) Divestment fee | 0.5% of vessel disposal proceeds, excluding proceeds from exercise of original purchase or early buy out options. | |
(e) Incentive fees | The Trustee-Manager will receive incentive fees determined on the basis of the quarterly DAU growth over the annualized quarterly forecast DPU of 2.13 US cents for 2007. These incentive fees are payable quarterly to the Trustee-Manager either in cash or, at the election of the Trustee-Manager, through the issue of new units. |
Important Notes:
These FAQs may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies, changes in operating expenses, trust expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events.