When associated with ship financing,a time charter is:
A) a charter in which the operating company is responsible for all operating,insurance and maintenance costs associated with the ship.
B) a charter in which the operator rents the ship for a specific period and the owner bears the costs and risk.
C) a charter in which the operator rents the ship for a specific period and the lender bears the costs and risk.
D) a charter in which the operator rents the ship for a specific period and the ship operator bears the costs and risk.
Correct Answer:
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