the m-o-u nav sea and titan salvage dry dock number one to begin phase 1 of the work. it gives them something to point to, lest the coast guard a excuse them of stealing it when they toe it to pier 50 of the shipyard. that is also the vehicle that is going to contain the release of liability which is important piece of this. the navy will not proceed without it because salvage operations are inherently risky and if, you know, salvages sometimes sink during tow and they won't be held responsible for that. so, the resolution -- the m-o-u that we would be signing -- sorry, the resolution rather gives us based authority with the [speaker not understood] manager and he gave us [speaker not understood] about that. lastly, the m-o-u or the resolution that is before you, the m-o-u would not obligate the port to spend anything. this is all on the navy, but they can't move forward without it. so, what's next? and i should note that as we execute this m-o-u, the navy, titan salvage, their towing subcontractors, are allred i to build. they stated a preference for beginning this pr

nav sea has worked with options for how to get it done and where it goes subcontract wise. phase 1, the part all the other options have in common goes with the sections removed this way [speaker not understood]. the previous slides illustrated. phases 2 and 3 get a bit more complicated because we have the option of trying to keep some continuity of contracting and just jump onto the navy's general type salvage and let them work with all the subcontractors. that brings with it some pass through costs. this has a particularly high administrative cost because it is designed for salvage work for ship wreck and there are a lot of unknowns with that. alternately, we may choose to go with one of the three subcontractors listed there in the box or a combination of those to ultimately dispose. [speaker not understood] is a company that runs heavy lift vessels that are currently -- currently have a program with a newly certified shipyard in china to take up all the oil rigs, that take them there to be remediated and recycled. they will have a heavy lift vessel in port in february and