Table 9 Sample distribution of time to exercise option for each year in the case of ECA 25%
From: Investment decisions under uncertainty on LNG-powered vessels for environmental compliance
Year | 2016 | 2017 | 2018 | 2019 | 2020 | No exercise | Option Value |
|---|---|---|---|---|---|---|---|
Frequency | 233 | 9 | 1 | 1 | 2 | 54 | $100,266,289 |
Percent | 77.7% | 3% | 0.3% | 0.3% | 0.7% | 18% |