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Repossession
 

Whenever youíre becoming consistently late on loan payments or storage rent, your assets will begin to be repossessed. If your credit rating is a "D" and you miss five loan payments, the bank will begin to repossess enough of your assets to pay off all of the accumulated debt. If you are renting storage, and you miss two payments, the renting facility will repossess your crude to pay off the rent debt. If you do not have enough of one item to pay the entire debt, the bank or renting facility will repossess the next item. The order of your assets that both facilities will repossess is as follows:

  • Crude in Stock: Evaluated at 50% of the current export price
  • Lubricants: Evaluated at 75% of the current selling price
  • Gasoline: Evaluated at 75% of the current selling price
  • Fuel Oil: Evaluated at 75% of the current selling price
  • Oil Products: Evaluated at 75% of the current selling price
  • Kerosene: Evaluated at 75% of the current selling price
  • Refineries: Evaluated at 75% of the current selling price
  • Storage Units: Evaluated at 60% of the current selling price
  • Land Plots: Evaluated at 80% of the current land value


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For information regarding Oil Tycoon!, please contact Jeffrey Korringa.
For questions, comments, or suggestions about this web site, please contact Kyle Sampson.