What are the Trustee-Managers fees?
The Trustee-Manager is paid a base fee of US$1.6 million a year and a variable fee equivalent to 0.9% of net charter revenue. In addition, to align the Trustee-Manager’s interest with that of the unitholders, an incentive payment will be made in the event that the distribution per Unit (DPU) exceeds the specified target levels.
The Trustee-Manager is paid a base fee of US$1.6 million a year and a variable fee equivalent to 0.9% of net charter revenue. From 2010 onwards, the base fee is subject to an increase of 3% per year or the average CPI (Consumer Price Index) for the past 12 calendar months immediately preceding the date of the increase, whichever is greater. In addition, to align the Trustee-Manager’s interest with that of the unitholders, an incentive payment will be made in the event that the distribution per Unit (DPU) exceeds the specified target levels.
