Luxury yachts can provide an extremely rewarding return on investment when purchased at a reasonable price and well maintained over time. Luxury yachts in particular often hold their value very well. It’s not uncommon for luxury yachts to go up steeply in value, especially if they’ve been well kept and improved on.
FIOT is an abbreviation for Free In, Out and Trimmed, which means the rate of freight. FIOT covers only the transportation fee, without the inclusion of loading, unloading and trimming the cargo onboard a vessel.
A tanker is a ship designed to transport or store liquids or gases in bulk. Major types of tankship include the oil tanker, the chemical tanker, and gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine.