Tuesday, August 25, 2009
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is the basis of the discussion of § 172 HGB, the reference in Liquiditätsnot guessed fund companies to recover the distributions of the investors.
If a distribution to shareholders no recognized gains are facing, there is a repayment of the limited partner. It takes place from excess liquidity, as it were "a handle to the business office. Compared to the creditors of the fund company the deposit is considered "not fully furnished. Accordingly, the liability of limited partners to live again, and up to the amount of the commercial register registered liable capital, which differ from the nominal participation fee may. If creditors make claims that, for example, annuities of ship mortgages, and the fund company claims it can not operate from the existing liquidity, the General Partner is required to recover the dividends paid by the limited partners. A similar shareholder resolution would be irrelevant. Exempted from the obligation to repay distributions, where such gains are accounted face.
The initiator Dr. Peters GmbH is still a decisive step further: In fund social contract includes the following clause: "All distributions to shareholders are recorded on the loan account of the shareholder as a liability." Thus, the company is legally entitled to the reimbursement of all distributions, including those that accounted for the profits of the company are met or exceed the registered liable capital.
Friday, August 7, 2009
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developed as the demand for oil, and how does it affect the tanker market?
The demand for tanker transportation capacity - and hence the spot market and charter - is directly dependent on the quantity of oil imports.
Last According to estimates, is the Int'l Energy Agency (IEA) this year from a decline in demand of an average of 2.5 million barrels per day (bpd) from.
Accordingly, current from the western industrial nations, only imported 71m bpd, as little as modified in 2003, as was the worldwide tanker fleet over a third smaller.
the IEA forecast for 2010 a new increase in demand of about 1.4 m bpd. In this case, however, a global growth by 1.8% to reason is given. By comparison, the forecast of the International Monetary Fund for next year has just been increased to 2.5%!
What of hopes for an early is to keep the end of the economic and financial crisis, no one can predict with certainty. Thus, in contrast to the IEA, OPEC expects for 2010 a more reduced oil demand.
the optimists were fortunate in that next year, part of the tanker fleet will be scrapped, as have many routes to the uncertain final single-hull tankers out of business.
But be careful: old single-hull tankers are being used more often to less regulated lines and causing in this way not only ecological catastrophe, but continue to carry the massive price pressure in the charter market.
Thursday, August 6, 2009
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"Since the founding of the British shipping newspaper Lloyd's List in 1734 is reported regularly on the shipping. Since then, 22 cycles were registered shipping.
We now have the 23th decline to do, which will almost certainly follow the 23te recovery. That a centuries-old cycle, especially in these months or years, terminated his existence appears very unlikely. "
Prof. Dr. Berthold Volk, March 2009