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Whoa! Quite an interesting pair of transactions here. CPLP has a deal with Maersk, looks
like a sale=and-leaseback, for two 7943-TEU Containerships, each with slightly less-than
4 years of charter coverage. As payment, CPLP is offering sponsor, CMTC two 2010-built VLCCs.
There's also a separate charter extension deal for an unrelated vessel

Is this a good deal for CPLP? Obviously, the nearly 4-year charters on each containership helps
with the revenue visibility. But how is Maersk being compensated? Are they getting the VLCCs
as trade/payment? If so, that seems to negate the effect of the deal. If
the fixed-term length of
contracts was 6-8 years, then it might have evened out. Perhaps, there's more stuff e.g. debt
load adjustment, that's not mentioned.
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