all forward-looking statements speak only as of the date of this report . the partnership does not undertake any obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . although the partnership and ccc believe that their plans , intentions and expectations reflected in or suggested by the forward-looking statements made in this report are reasonable , the partnership and ccc can give no assurance that these plans , intentions or expectations will be achieved . future economic , political and industry trends that could potentially impact revenues and profitability are difficult to predict , as well as the risks and uncertainties including , but not limited to , changes in demand for leased containers , changes in global business conditions and their effect on world trade , changes within the global shipping industry , the financial strength of the shipping lines and other sub-lessees of the partnership 's containers , fluctuations in new container prices , changes in the costs of maintaining and repairing used containers , changes in competition , changes in the ability of the leasing company to maintain insurance on behalf of the partnership 's container fleet , as well as other risks detailed herein and from time to time in the partnership 's filings with the securities and exchange commission . 16 story_separator_special_tag comprising of storage and repositioning costs . these costs are sensitive to the quantity of off-hire containers as well as the frequency at which containers are re-delivered . legal and other expenses , including legal costs related to the recovery of containers and doubtful accounts , insurance and provisions for doubtful accounts . 18 at december 31 , 2005 , approximately 39 % of the original equipment remained in the partnership 's fleet , as compared to approximately 51 % at december 31 , 2004. the following table summarizes the composition of the partnership 's fleet ( based on container type ) at december 31 , 2005. replace_table_token_8_th replace_table_token_9_th replace_table_token_10_th the following table summarizes the partnership 's average utilization rates and average fleet size for each of the last three years . replace_table_token_11_th at the end of 2005 , the container leasing industry had completed a three year period that was one of the most favorable in its 35-year-plus history . industry observers report that global container trade grew by an estimated rate of 9 % , 11 % and 8 % , in 2005 , 2004 and 2003 , respectively . in comparison , global container trade grew by a modest 3.7 % during 2001 , a recession year . these favorable conditions contributed to a strong container leasing market , resulting in high levels of demand for existing containers and a decline in off-hire container inventories . during 2005 , demand for existing dry cargo containers eased from the levels experienced in 2004 when demand often exceeded supply , resulting in a more balanced leasing market . as a result , utilization of the partnership 's combined dry cargo container fleet declined to approximately 92 % at december 31 , 2005 when compared to 94 % and 85 % at december 31 , 2004 and 2003 , respectively , a very favorable level of utilization when compared to historical levels . forecasts for 2006 global container trade growth is estimated to be in the range of 7 %  8 % , a substantial growth rate overall , but at a more moderate rate than in prior recent years . this is due to a number of factors , including the effects of increased crude oil prices on the global economy . during 2005 , high utilization levels contributed to low inventories of off-hire containers as shipping lines employed more leased containers to meet the growth in containerized trade . declining inventories have also contributed to an increase in the amount of proceeds realized on the sale of used containers , as fewer containers are available at non-factory locations to meet the demand of buyers . the inventory levels experienced during 2005 have generally resulted in substantial decreases in storage and other inventory-related operating expenses . 19 the partnership 's dry cargo container per-diem rates experienced modest declines during 2005 , as the lease market for older dry cargo containers remains competitive and , therefore , subject to significant pricing pressures . the partnership 's average 2005 dry cargo container per-diem rate decreased approximately 4 % in comparison to 2004. in contrast , the combined 2005 per-diem rental rate for the partnership 's fleet of refrigerated containers increased by 8 % in comparison to 2004. unlike dry cargo containers , the refrigerated containers are built for specific market demands . as such , the markets for the leasing of refrigerated containers are narrower than the market for dry cargo containers and are subject to different trends and fluctuations than the dry cargo container market . the price of a new 20-foot dry cargo container increased to a peak of $ 2,300 during the first nine months of 2005 and declined to approximately $ 1,500 by the end of december 31 , 2005. by the end of january 2006 , the price was as low as $ 1,450. this decline was due to reduced demand for new dry cargo containers , a corresponding buildup of new container inventories at chinese container factories and a recent decline in the price of corten steel and other raw materials . story_separator_special_tag the level of the partnership 's container disposals in subsequent periods , as well as the price of steel , new container prices and the current leasing market 's impact on sales prices for existing older containers such as those owned by the partnership , will also contribute to fluctuations in the net gain or loss on disposals . there were no reductions to the carrying value of container rental equipment due to impairment during 2005 , 2004 and 2003. year ended december 31 , 2004 compared to the year ended december 31 , 2003 net lease revenue was $ 2,192,040 for the year ended december 31 , 2004 compared to $ 1,967,600 for the prior year . the increase was due to a $ 494,049 decrease in rental equipment operating expenses partially offset a $ 264,024 decline in gross rental revenue from the year ended december 31 , 2003. gross rental revenue was impacted by the partnership 's smaller fleet size . the decrease in direct operating expense was attributable to the partnership 's higher combined utilization rate in 2004 , and its impact on activity based expenses such as storage , handling , and repair and maintenance expenses , as well as decreases in repositioning expenses and the provision for doubtful accounts . other components of net lease revenue , including management fees , and reimbursed administrative expenses , were lower by a combined $ 5,585 when compared to 2003 , which partially offset the decline in gross lease revenue . depreciation expense of $ 2,169,539 in 2004 declined by $ 381,874 when compared to 2003 a direct result of the partnership 's aging and declining fleet size . other general and administrative expenses amounted to $ 130,425 in 2004 , consistent with 2003. net loss on disposal of equipment for 2004 was $ 768,375 , as compared to a net loss of $ 693,649 for 2003. the change was a result of two primary factors : the partnership 's disposal of 1,607 containers in 2004 , as compared to 1,389 containers during 2003. these disposals resulted in a net loss of $ 464,046 during 2004 , compared to a net loss of $ 693,649 during 2003. the partnership disposed of additional containers during 2004 in response to its original investment objective , to realize the residual value of its containers after the expiration of their useful lives . the partnership believes that the net loss on container disposals in 2004 was a result of the volume of container disposals , in addition to other various factors , including the age , condition , suitability for continued leasing , as well as the geographical location of the containers when disposed . these factors will continue to influence the amount of sales proceeds received and the related gain or loss on container disposals . the december 1 , 2004 amendment of a term lease agreement with one lessee to include a bargain purchase option , in exchange for the lessee 's continued lease of these older containers and their eventual sale . as a result of the amendment , the partnership reclassified the term lease agreement as a sales-type lease , recorded a sales-type lease receivable and recognized the sale of the 532 on-hire containers that were subject to the amended term lease agreement . the difference between the present value of the future payments under this lease and $ 405,595 , the net book value of the containers at the time of the amendment , resulted in a net loss of $ 304,329. the sales-type lease expires march 31 , 2006 . 21 critical accounting policies container equipment  depreciable lives : the partnership 's container rental equipment is depreciated using the straight-line basis over a useful life of 15 years to a residual value of 10 % . the partnership and ccc evaluate the period of amortization and residual values to determine whether subsequent events and circumstances warrant revised estimates of useful lives and residual values . container equipment  valuation : the partnership and ccc review container rental equipment when changes in circumstances require consideration as to whether the carrying value of the equipment has become impaired , pursuant to guidance established in sfas no . 144 , accounting for the impairment or disposal of long-lived assets . the partnership and ccc consider assets to be impaired if the carrying value of the asset exceeds the future projected cash flows from related operations ( undiscounted and without interest charges ) . when impairment is deemed to exist , the assets are written down to fair value or the future projected cash flows from related operations . the partnership and ccc evaluate future cash flows and potential impairment of its fleet by container type rather than for each individual container . therefore , future losses could result for individual container dispositions due to various factors including age , condition , suitability for continued leasing , as well as geographic location of the containers where disposed . considerable judgment is required in estimating future cash flows from container rental equipment operations . accordingly , the estimates may not be indicative of the amounts that may be realized in future periods . as additional information becomes available in subsequent periods , recognition of an impairment of the container rental equipment carrying values may be necessary based upon changes in market and economic conditions . allowance for doubtful accounts : the leasing company continually tracks the partnership 's credit exposure to each of the sub-lessees of the partnership 's containers using specialist third-party credit information services and reports prepared by its local staff to assess credit quality . the leasing company 's credit committee meets quarterly to analyze the performance of existing customers and to recommend actions taken in order to minimize credit risk . the leasing company derives an allowance for doubtful accounts from specific amounts provided against known probable losses plus an additional amount based on historical loss

liquidity and capital resources during the partnership 's first 10 years of operations , the partnership 's primary objective was to generate cash flow from operations for distribution to its limited partners . aside from the initial working capital reserve retained from the gross subscription proceeds ( equal to approximately 1 % of such proceeds ) , the partnership relied primarily on container rental receipts to meet this objective as well as to finance current operating needs . no credit lines are maintained to finance working capital . commencing in 2002 , the partnership 's 11th year of operations , the partnership began focusing its attention on the disposition of its fleet in accordance with another of its original investment objectives , realizing the residual value of its containers after the expiration of their economic useful lives , estimated to be between 12 to 15 years after placement in leased service . the partnership has completed its 13th year of operations and has entered its liquidation phase wherein ccc has now focused its attention on the retirement of the remaining equipment in the partnership 's container fleet . at december 31 , 2005 , approximately 39 % of the original equipment remained in the partnership 's fleet . ccc will take several factors into consideration when examining options for the timing of the disposal of the containers . these factors include the impact of a diminishing fleet size and current market conditions on the level of gross lease revenue , and fixed operating costs relative to this revenue . parallel to these considerations will be a projected increase in expenses for devoting significant resources to the additional reporting and compliance requirements of section 404 of the sarbanes oxley act of 2002 , which addresses a range of corporate governance , disclosure , and accounting issues . these costs may include increased accounting and administrative expenses for additional staffing and outside professional services by accountants and consultants .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources during the partnership 's first 10 years of operations , the partnership 's primary objective was to generate cash flow from operations for distribution to its limited partners . aside from the initial working capital reserve retained from the gross subscription proceeds ( equal to approximately 1 % of such proceeds ) , the partnership relied primarily on container rental receipts to meet this objective as well as to finance current operating needs . no credit lines are maintained to finance working capital . commencing in 2002 , the partnership 's 11th year of operations , the partnership began focusing its attention on the disposition of its fleet in accordance with another of its original investment objectives , realizing the residual value of its containers after the expiration of their economic useful lives , estimated to be between 12 to 15 years after placement in leased service . the partnership has completed its 13th year of operations and has entered its liquidation phase wherein ccc has now focused its attention on the retirement of the remaining equipment in the partnership 's container fleet . at december 31 , 2005 , approximately 39 % of the original equipment remained in the partnership 's fleet . ccc will take several factors into consideration when examining options for the timing of the disposal of the containers . these factors include the impact of a diminishing fleet size and current market conditions on the level of gross lease revenue , and fixed operating costs relative to this revenue . parallel to these considerations will be a projected increase in expenses for devoting significant resources to the additional reporting and compliance requirements of section 404 of the sarbanes oxley act of 2002 , which addresses a range of corporate governance , disclosure , and accounting issues . these costs may include increased accounting and administrative expenses for additional staffing and outside professional services by accountants and consultants .
```    
 Suspicious Activity Report : all forward-looking statements speak only as of the date of this report . the partnership does not undertake any obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . although the partnership and ccc believe that their plans , intentions and expectations reflected in or suggested by the forward-looking statements made in this report are reasonable , the partnership and ccc can give no assurance that these plans , intentions or expectations will be achieved . future economic , political and industry trends that could potentially impact revenues and profitability are difficult to predict , as well as the risks and uncertainties including , but not limited to , changes in demand for leased containers , changes in global business conditions and their effect on world trade , changes within the global shipping industry , the financial strength of the shipping lines and other sub-lessees of the partnership 's containers , fluctuations in new container prices , changes in the costs of maintaining and repairing used containers , changes in competition , changes in the ability of the leasing company to maintain insurance on behalf of the partnership 's container fleet , as well as other risks detailed herein and from time to time in the partnership 's filings with the securities and exchange commission . 16 story_separator_special_tag comprising of storage and repositioning costs . these costs are sensitive to the quantity of off-hire containers as well as the frequency at which containers are re-delivered . legal and other expenses , including legal costs related to the recovery of containers and doubtful accounts , insurance and provisions for doubtful accounts . 18 at december 31 , 2005 , approximately 39 % of the original equipment remained in the partnership 's fleet , as compared to approximately 51 % at december 31 , 2004. the following table summarizes the composition of the partnership 's fleet ( based on container type ) at december 31 , 2005. replace_table_token_8_th replace_table_token_9_th replace_table_token_10_th the following table summarizes the partnership 's average utilization rates and average fleet size for each of the last three years . replace_table_token_11_th at the end of 2005 , the container leasing industry had completed a three year period that was one of the most favorable in its 35-year-plus history . industry observers report that global container trade grew by an estimated rate of 9 % , 11 % and 8 % , in 2005 , 2004 and 2003 , respectively . in comparison , global container trade grew by a modest 3.7 % during 2001 , a recession year . these favorable conditions contributed to a strong container leasing market , resulting in high levels of demand for existing containers and a decline in off-hire container inventories . during 2005 , demand for existing dry cargo containers eased from the levels experienced in 2004 when demand often exceeded supply , resulting in a more balanced leasing market . as a result , utilization of the partnership 's combined dry cargo container fleet declined to approximately 92 % at december 31 , 2005 when compared to 94 % and 85 % at december 31 , 2004 and 2003 , respectively , a very favorable level of utilization when compared to historical levels . forecasts for 2006 global container trade growth is estimated to be in the range of 7 %  8 % , a substantial growth rate overall , but at a more moderate rate than in prior recent years . this is due to a number of factors , including the effects of increased crude oil prices on the global economy . during 2005 , high utilization levels contributed to low inventories of off-hire containers as shipping lines employed more leased containers to meet the growth in containerized trade . declining inventories have also contributed to an increase in the amount of proceeds realized on the sale of used containers , as fewer containers are available at non-factory locations to meet the demand of buyers . the inventory levels experienced during 2005 have generally resulted in substantial decreases in storage and other inventory-related operating expenses . 19 the partnership 's dry cargo container per-diem rates experienced modest declines during 2005 , as the lease market for older dry cargo containers remains competitive and , therefore , subject to significant pricing pressures . the partnership 's average 2005 dry cargo container per-diem rate decreased approximately 4 % in comparison to 2004. in contrast , the combined 2005 per-diem rental rate for the partnership 's fleet of refrigerated containers increased by 8 % in comparison to 2004. unlike dry cargo containers , the refrigerated containers are built for specific market demands . as such , the markets for the leasing of refrigerated containers are narrower than the market for dry cargo containers and are subject to different trends and fluctuations than the dry cargo container market . the price of a new 20-foot dry cargo container increased to a peak of $ 2,300 during the first nine months of 2005 and declined to approximately $ 1,500 by the end of december 31 , 2005. by the end of january 2006 , the price was as low as $ 1,450. this decline was due to reduced demand for new dry cargo containers , a corresponding buildup of new container inventories at chinese container factories and a recent decline in the price of corten steel and other raw materials . story_separator_special_tag the level of the partnership 's container disposals in subsequent periods , as well as the price of steel , new container prices and the current leasing market 's impact on sales prices for existing older containers such as those owned by the partnership , will also contribute to fluctuations in the net gain or loss on disposals . there were no reductions to the carrying value of container rental equipment due to impairment during 2005 , 2004 and 2003. year ended december 31 , 2004 compared to the year ended december 31 , 2003 net lease revenue was $ 2,192,040 for the year ended december 31 , 2004 compared to $ 1,967,600 for the prior year . the increase was due to a $ 494,049 decrease in rental equipment operating expenses partially offset a $ 264,024 decline in gross rental revenue from the year ended december 31 , 2003. gross rental revenue was impacted by the partnership 's smaller fleet size . the decrease in direct operating expense was attributable to the partnership 's higher combined utilization rate in 2004 , and its impact on activity based expenses such as storage , handling , and repair and maintenance expenses , as well as decreases in repositioning expenses and the provision for doubtful accounts . other components of net lease revenue , including management fees , and reimbursed administrative expenses , were lower by a combined $ 5,585 when compared to 2003 , which partially offset the decline in gross lease revenue . depreciation expense of $ 2,169,539 in 2004 declined by $ 381,874 when compared to 2003 a direct result of the partnership 's aging and declining fleet size . other general and administrative expenses amounted to $ 130,425 in 2004 , consistent with 2003. net loss on disposal of equipment for 2004 was $ 768,375 , as compared to a net loss of $ 693,649 for 2003. the change was a result of two primary factors : the partnership 's disposal of 1,607 containers in 2004 , as compared to 1,389 containers during 2003. these disposals resulted in a net loss of $ 464,046 during 2004 , compared to a net loss of $ 693,649 during 2003. the partnership disposed of additional containers during 2004 in response to its original investment objective , to realize the residual value of its containers after the expiration of their useful lives . the partnership believes that the net loss on container disposals in 2004 was a result of the volume of container disposals , in addition to other various factors , including the age , condition , suitability for continued leasing , as well as the geographical location of the containers when disposed . these factors will continue to influence the amount of sales proceeds received and the related gain or loss on container disposals . the december 1 , 2004 amendment of a term lease agreement with one lessee to include a bargain purchase option , in exchange for the lessee 's continued lease of these older containers and their eventual sale . as a result of the amendment , the partnership reclassified the term lease agreement as a sales-type lease , recorded a sales-type lease receivable and recognized the sale of the 532 on-hire containers that were subject to the amended term lease agreement . the difference between the present value of the future payments under this lease and $ 405,595 , the net book value of the containers at the time of the amendment , resulted in a net loss of $ 304,329. the sales-type lease expires march 31 , 2006 . 21 critical accounting policies container equipment  depreciable lives : the partnership 's container rental equipment is depreciated using the straight-line basis over a useful life of 15 years to a residual value of 10 % . the partnership and ccc evaluate the period of amortization and residual values to determine whether subsequent events and circumstances warrant revised estimates of useful lives and residual values . container equipment  valuation : the partnership and ccc review container rental equipment when changes in circumstances require consideration as to whether the carrying value of the equipment has become impaired , pursuant to guidance established in sfas no . 144 , accounting for the impairment or disposal of long-lived assets . the partnership and ccc consider assets to be impaired if the carrying value of the asset exceeds the future projected cash flows from related operations ( undiscounted and without interest charges ) . when impairment is deemed to exist , the assets are written down to fair value or the future projected cash flows from related operations . the partnership and ccc evaluate future cash flows and potential impairment of its fleet by container type rather than for each individual container . therefore , future losses could result for individual container dispositions due to various factors including age , condition , suitability for continued leasing , as well as geographic location of the containers where disposed . considerable judgment is required in estimating future cash flows from container rental equipment operations . accordingly , the estimates may not be indicative of the amounts that may be realized in future periods . as additional information becomes available in subsequent periods , recognition of an impairment of the container rental equipment carrying values may be necessary based upon changes in market and economic conditions . allowance for doubtful accounts : the leasing company continually tracks the partnership 's credit exposure to each of the sub-lessees of the partnership 's containers using specialist third-party credit information services and reports prepared by its local staff to assess credit quality . the leasing company 's credit committee meets quarterly to analyze the performance of existing customers and to recommend actions taken in order to minimize credit risk . the leasing company derives an allowance for doubtful accounts from specific amounts provided against known probable losses plus an additional amount based on historical loss

