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sale and manage back

sale and manage back
 n.— «Vard, Kloster’s parent, is planning a wholesale sell-off of assets to tackle its mountain of debt. What is more saignificant [sic] is that Kloster will keep operational management of the ship for a two-year period, which may well be extended if things go well. A sort of “sale and manage back’ arrangement into which some industry majors might be tempted for their older tonnage.» —“One ship line” Lloyd’s List (U.K.) Apr. 29, 1994. (source: Double-Tongued Dictionary)

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