Within the propulsion, or fuel, classification, sub classifications will cover the various types of fuel (oil, coal, and so forth) consumed in the operation of the various vessels in
4R. N. Anthony, and J. S. Reece, Accounting, 9th ed. (Homewood, Illinois: Richard D. Irwin, Inc., 1991), 246.
5Philip C. Cheng, Steamship Accounting, 3rd ed. (Cambridge, Maryland: Cornell Maritime Press, Inc., 1985), 71.
the fleet of an ocean shipping company. Within the labor classification of operating costs, sub classifications cover such costs as (1) wages and salaries, (2) food service, (3) health care, (4) employment related benefits, (5) employment related taxes. Labor costs may be further categorized according to the various functions associated with the operation of a vessel at sea. Repair and maintenance costs will, in most instances, be sub classified into the vast array of functions and activities associated with the continual repair and maintenance of vessels to maint
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