I've spent a lot of years in British Columbia dealing with interest-based negotiation frameworks with several fleets.
Basically I would say that you would use a process like that, and that kind of process is based on interest-based negotiations and it has to be transparent. You have to know the cost of the vessel. You have to know what the investor has in its investment around the cost to lend money, or to use money to get quota. You put it all on the table and say, “Okay, what do we need as a vessel?”
We negotiate what's needed out of what we think.... It's a percentage.