Q1. What type of gasoline does the marina sell and why?
A1. Non-Ethanol, Mid-Grade, 89 Octane Gasoline is sold in the marina. Many older boats and newer outboard motors have parts which will degrade in ethanol-based fuels. See the website for more information on Ethanol based fuels.
Q2. What type of diesel fuel does the marina sell and why? A2. Red dyed non highway Diesel Fuel is sold in keeping with NC State Law.
Q3. Who receives the revenue from the fuel sales?
A3. BAYR Marine (BAYR), who pays Pender Marine Holdings Inc. (PMHI)for the lease of the fuel dock and Fuel Sales Office.
Q4. Who owns the fuel dock?
A4. Pender Marine Holdings Inc. (PMHI)
Q5. Does HVMI receive any revenue from fuel sales?
A5. Yes, BAYR Marine pays HVMI a fee from the revenue based on a per gallon sold basis. This money is used by HVMI as an offset to the monthly contract fee paid to BAYR.
Q6. Who pays for the fuel dock help in the summer?
A6. BAYR Marine (BAYR)
Q7. Who pays for the insurance for the fuel dock?
A7. Pender Marine Holdings Inc. (PMHI) and BAYR Marine (BAYR).