the registrant 's dry cargo inventory of off-hire containers at december 31 , 2004 decreased approximately 71 % and 81 % when compared to off-hire inventories at december 31 , 2003 and december 31 , 2002 , respectively . the leasing company , on behalf of the registrant , may consider the disposal of the registrant 's off-hire containers in locations whereby container sale prices equal or exceed targets established by both ccc and the leasing company . the leasing company has not undertaken any major repositioning of the registrants containers since the first quarter of 2004 , due primarily to the shortage of containership capacity . if suitable carriers can be sourced , the leasing company will reposition off-hire containers from the us east coast during 2005 , thereby taking advantage of the strong demand for containers in the asian trade routes . the repositioning may include the registrant 's containers . the objective of each repositioning is to improve future cash flows , so that savings in storage expense , combined with an increase in future lease revenue , exceed the cost of repositioning the containers . during 2004 , per-diem rates for new containers increased in line with the increase in new container costs . per-diem rates for older containers experienced modest increases , as the lease market for older containers remains competitive and , therefore , subject to significant pricing pressures . per-diem rates for older containers are expected to maintain their current level or increase slightly over the next 12 months . the registrant 's average dry cargo container per-diem rate for 2004 increased approximately 1 % in comparison to 2003. however the registrant 's average dry cargo container per-diem rate 15 for 2004 was lower than 2002 by approximately 4 % , a result of four main factors that transpired over the 2002 and 2003 periods : per-diem rental rates declined in response to the reduction in container prices ; the leasing company converted lease agreements with several shipping lines from master to long-term leases , providing greater revenue stability but at lower lease rates than those earned under master leases ; the leasing company initiated new term leases for older equipment resulting in lower per-diem rates , while significantly reducing off-hire container inventory levels ; and , interest rates , which influence per-diem rental rates , declined world wide . additionally , the combined per-diem rental rate for the registrant 's fleet of refrigerated containers for 2004 compared to 2003 , declined by 1 % . although favorable market conditions currently exist for container lessors , current market conditions may negatively impact the shipping lines . sharply rising and volatile oil prices , combined with the increase in charter rates for ships , higher steel prices and the related increase in new container prices , have created a concern for both the shipping lines and , therefore , the leasing companies . although the majority of the top 20 shipping lines have experienced strong profit growth during 2004 , other shipping lines are facing increased financial pressures , especially those shipping lines that rely on operating their containerships via short-term charters . current conditions appear to favor the larger more established shipping lines , which have witnessed increases in freight rates due to the strong demand experienced in their respective trade routes . however , some regional intra-asian shipping lines have struggled to remain profitable , due primarily to the rising charter rates for ships , over capacity and lower freight rates , and have cut back services in certain routes in an attempt to reduce rising costs . additionally , the delivery of new containerships in 2006 and their additional tonnage capacity will present additional risk for the shipping lines . the registrant , ccc and the leasing company continue to monitor the aging of lease receivables , collections and the credit exposure to various existing and new customers . the financial impact of losses from shipping lines may eventually influence the demand for leased containers , as some shipping lines may experience additional financial difficulties , consolidate , or become insolvent . industry analysts are expressing concern that the current program of new shipbuilding may create over capacity within the shipping industry once the new container ships scheduled to be delivered during 2006 and 2007 are placed in service . based on current orders , industry analysts predict that the world 's containership fleet will exceed 10 million teu by the end of 2007 , compared to less than 7 million teu at the beginning of 2004. over capacity may contribute to a reduction in profitability for shipping lines , which in turn could have adverse implications for container lessors , including a decline in the demand for leased containers and a reduction in container per-diem rental rates . lastly , concerns remain regarding the world 's major economies , including the volatility of oil prices , the rate of world economic growth and the related growth of containerized trade volumes , inflation concerns and its impact on interest rates , us trade and budget deficits , the unpredictability of china 's economy , performance of global stock markets , geopolitical concerns arising from uncertainties within the middle east and asia , threats of terrorism , as well as new container production levels , all of which may have an impact on the current demand for leased containers . 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 . story_separator_special_tag the success of the leasing company in leasing the registrant 's containers and keeping the registrant 's containers on lease will depend upon market conditions in the container and equipment leasing markets , the quality of maintenance of the containers , and other factors . residual value of containers . the ultimate cash return of the registrant 's investment in its containers will depend in part on the residual value of the containers at the point at which ccc determines that it is in the best interest of the registrant to sell the containers . the amount realized on the sale of the containers may be substantially less than the price that the registrant paid for the containers . generally , used containers are sold in the non-maritime secondary market for use as temporary or permanent storage facilities . an additional use for refrigerated containers in the secondary market is for the temporary storage of perishable products . to a lesser extent , such containers are sold to shipping companies and container leasing companies for use in the maritime market . the demand for used containers depends on a variety of factors including the location of the container at the time of disposition , foreign currency exchange rates , and the factors discussed above that affect the market for marine cargo containers . one factor affecting the residual value of the containers will be the quality of maintenance provided by the leasing company and the sub-lessees of the registrant 's containers . there can be no assurance that ccc will be able to arrange , on behalf of the registrant , for adequate maintenance of the registrant 's containers throughout their economically useful lives . the containers ' residual value will also depend upon factors beyond the control of the registrant , ccc , the leasing company , or the container lessees , such as the cost of new containers , the quantity of used containers being supplied to the secondary market , technological advances in container construction and in techniques of ocean transportation , and developments in world trade . competition . the leasing company , on behalf of the registrant , will be in competition with several large international container leasing companies and numerous smaller leasing companies . as of mid-2004 , five leasing companies controlled approximately 65 % of the worldwide leased container fleet . while the container leasing market is highly competitive , the large container leasing companies as a group might be able to exploit their greater financial resources to maintain or enhance their market share at the expense of the competitors such as the registrant and leasing company . defaults by lessees . the default by a sub-lessee under a lease with the leasing company may cause the registrant 's containers to be returned at a time when the leasing company may be unable to arrange for the re-leasing or sale of such containers . in such event , the registrant would lose anticipated revenues , incur additional operating expenses , and consequently , may be unable to recover its investment in such containers . in addition , because the registrant 's containers will be leased outside of the united states , repossession of containers from sub-lessees who may default under a lease could prove difficult . in addition , when containers are recovered , the leasing company may not be able to re-lease the equipment at comparable rates and at favorable lease terms . effect of environmental regulation on refrigerated containers . historically , refrigerated containers have utilized a refrigerant gas , which is a chlorofluorocarbon ( cfc ) compound . it is generally assumed that cfcs are harmful to the earth 's ozone layer when released into the atmosphere . many nations , including the united states , have taken action , both collectively and individually , to regulate cfcs . these nations have set various targets for the reduction in production and use of cfcs , and their eventual elimination . there has been substantial progress in securing a viable substitute for the refrigerant used in containers . production of new container refrigeration units operating with the replacement refrigerant became generally available in 1993. there can be no assurance that the new refrigerant will be as effective or as cost efficient as cfc compounds . 20 environmental liability risks . under state and federal laws of the united states , and under the laws of certain other nations , the owner of a container may be liable for environmental damage and or cleanup costs and or other sums in the event of actual or threatened discharge or other contamination by material in a container . this liability may be imposed on a container owner , such as the registrant , even if the owner is not at fault . it is not possible to predict the amount of liability . the leasing company , on behalf of the registrant , intends , subject to availability and prevailing market conditions , to obtain insurance against these risks on such terms and in such amounts as ccc and the leasing company deems reasonable . in addition , subject to availability and applicable insurance and container industry market conditions , the leasing company intends to require sub-lessees of the registrant 's containers to obtain insurance which protects against these risks and further to compel lessees to indemnify and defend the registrant in the case of an occurrence giving rise to possible liability under applicable environmental laws . there can , however , be no guarantee that insurance will be available to fully protect against environmental risk , or that ccc and the leasing company will be able to allocate the risk of environmental damage to lessees of the registrant 's containers . reliance upon ccc and the leasing company . the registrant 's operations are dependent upon the ability of ccc , and its affiliate , the leasing company , to arrange for the

liquidity and capital resources during the registrant 's first 10 years of operations , the registrant '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 registrant 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 registrant 's 11th year of operations , the registrant 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 . since that time , the registrant has been actively disposing of its fleet , with cash proceeds from equipment disposals , in addition to cash from operations , providing the cash flow for distributions to the limited partners . the decision to dispose of containers is influenced by various factors including age , condition , suitability for continued leasing as well as the geographical location when disposed . at that time whereby the registrant 's fleet size is reduced to approximately 20 % of its original fleet size , the registrant expects to enter the final phase of its liquidation and wind up of its operations , unless terminated sooner upon the occurrence of certain events . at december 31 , 2004 , the registrant 's fleet size measured approximately 51 % of its original fleet size . upon the liquidation of ccc 's interest in the registrant , ccc shall contribute to the registrant an aggregate amount equal to the deficit balance in its capital account at the time of such liquidation , after giving effect to the allocation of income or loss arising from the liquidation of the registrant 's assets . cash distributions from operations are allocated 5 % to the general partner and 95 % to the limited partners .


 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 registrant 's first 10 years of operations , the registrant '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 registrant 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 registrant 's 11th year of operations , the registrant 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 . since that time , the registrant has been actively disposing of its fleet , with cash proceeds from equipment disposals , in addition to cash from operations , providing the cash flow for distributions to the limited partners . the decision to dispose of containers is influenced by various factors including age , condition , suitability for continued leasing as well as the geographical location when disposed . at that time whereby the registrant 's fleet size is reduced to approximately 20 % of its original fleet size , the registrant expects to enter the final phase of its liquidation and wind up of its operations , unless terminated sooner upon the occurrence of certain events . at december 31 , 2004 , the registrant 's fleet size measured approximately 51 % of its original fleet size . upon the liquidation of ccc 's interest in the registrant , ccc shall contribute to the registrant an aggregate amount equal to the deficit balance in its capital account at the time of such liquidation , after giving effect to the allocation of income or loss arising from the liquidation of the registrant 's assets . cash distributions from operations are allocated 5 % to the general partner and 95 % to the limited partners .
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 Suspicious Activity Report : the registrant 's dry cargo inventory of off-hire containers at december 31 , 2004 decreased approximately 71 % and 81 % when compared to off-hire inventories at december 31 , 2003 and december 31 , 2002 , respectively . the leasing company , on behalf of the registrant , may consider the disposal of the registrant 's off-hire containers in locations whereby container sale prices equal or exceed targets established by both ccc and the leasing company . the leasing company has not undertaken any major repositioning of the registrants containers since the first quarter of 2004 , due primarily to the shortage of containership capacity . if suitable carriers can be sourced , the leasing company will reposition off-hire containers from the us east coast during 2005 , thereby taking advantage of the strong demand for containers in the asian trade routes . the repositioning may include the registrant 's containers . the objective of each repositioning is to improve future cash flows , so that savings in storage expense , combined with an increase in future lease revenue , exceed the cost of repositioning the containers . during 2004 , per-diem rates for new containers increased in line with the increase in new container costs . per-diem rates for older containers experienced modest increases , as the lease market for older containers remains competitive and , therefore , subject to significant pricing pressures . per-diem rates for older containers are expected to maintain their current level or increase slightly over the next 12 months . the registrant 's average dry cargo container per-diem rate for 2004 increased approximately 1 % in comparison to 2003. however the registrant 's average dry cargo container per-diem rate 15 for 2004 was lower than 2002 by approximately 4 % , a result of four main factors that transpired over the 2002 and 2003 periods : per-diem rental rates declined in response to the reduction in container prices ; the leasing company converted lease agreements with several shipping lines from master to long-term leases , providing greater revenue stability but at lower lease rates than those earned under master leases ; the leasing company initiated new term leases for older equipment resulting in lower per-diem rates , while significantly reducing off-hire container inventory levels ; and , interest rates , which influence per-diem rental rates , declined world wide . additionally , the combined per-diem rental rate for the registrant 's fleet of refrigerated containers for 2004 compared to 2003 , declined by 1 % . although favorable market conditions currently exist for container lessors , current market conditions may negatively impact the shipping lines . sharply rising and volatile oil prices , combined with the increase in charter rates for ships , higher steel prices and the related increase in new container prices , have created a concern for both the shipping lines and , therefore , the leasing companies . although the majority of the top 20 shipping lines have experienced strong profit growth during 2004 , other shipping lines are facing increased financial pressures , especially those shipping lines that rely on operating their containerships via short-term charters . current conditions appear to favor the larger more established shipping lines , which have witnessed increases in freight rates due to the strong demand experienced in their respective trade routes . however , some regional intra-asian shipping lines have struggled to remain profitable , due primarily to the rising charter rates for ships , over capacity and lower freight rates , and have cut back services in certain routes in an attempt to reduce rising costs . additionally , the delivery of new containerships in 2006 and their additional tonnage capacity will present additional risk for the shipping lines . the registrant , ccc and the leasing company continue to monitor the aging of lease receivables , collections and the credit exposure to various existing and new customers . the financial impact of losses from shipping lines may eventually influence the demand for leased containers , as some shipping lines may experience additional financial difficulties , consolidate , or become insolvent . industry analysts are expressing concern that the current program of new shipbuilding may create over capacity within the shipping industry once the new container ships scheduled to be delivered during 2006 and 2007 are placed in service . based on current orders , industry analysts predict that the world 's containership fleet will exceed 10 million teu by the end of 2007 , compared to less than 7 million teu at the beginning of 2004. over capacity may contribute to a reduction in profitability for shipping lines , which in turn could have adverse implications for container lessors , including a decline in the demand for leased containers and a reduction in container per-diem rental rates . lastly , concerns remain regarding the world 's major economies , including the volatility of oil prices , the rate of world economic growth and the related growth of containerized trade volumes , inflation concerns and its impact on interest rates , us trade and budget deficits , the unpredictability of china 's economy , performance of global stock markets , geopolitical concerns arising from uncertainties within the middle east and asia , threats of terrorism , as well as new container production levels , all of which may have an impact on the current demand for leased containers . 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 . story_separator_special_tag the success of the leasing company in leasing the registrant 's containers and keeping the registrant 's containers on lease will depend upon market conditions in the container and equipment leasing markets , the quality of maintenance of the containers , and other factors . residual value of containers . the ultimate cash return of the registrant 's investment in its containers will depend in part on the residual value of the containers at the point at which ccc determines that it is in the best interest of the registrant to sell the containers . the amount realized on the sale of the containers may be substantially less than the price that the registrant paid for the containers . generally , used containers are sold in the non-maritime secondary market for use as temporary or permanent storage facilities . an additional use for refrigerated containers in the secondary market is for the temporary storage of perishable products . to a lesser extent , such containers are sold to shipping companies and container leasing companies for use in the maritime market . the demand for used containers depends on a variety of factors including the location of the container at the time of disposition , foreign currency exchange rates , and the factors discussed above that affect the market for marine cargo containers . one factor affecting the residual value of the containers will be the quality of maintenance provided by the leasing company and the sub-lessees of the registrant 's containers . there can be no assurance that ccc will be able to arrange , on behalf of the registrant , for adequate maintenance of the registrant 's containers throughout their economically useful lives . the containers ' residual value will also depend upon factors beyond the control of the registrant , ccc , the leasing company , or the container lessees , such as the cost of new containers , the quantity of used containers being supplied to the secondary market , technological advances in container construction and in techniques of ocean transportation , and developments in world trade . competition . the leasing company , on behalf of the registrant , will be in competition with several large international container leasing companies and numerous smaller leasing companies . as of mid-2004 , five leasing companies controlled approximately 65 % of the worldwide leased container fleet . while the container leasing market is highly competitive , the large container leasing companies as a group might be able to exploit their greater financial resources to maintain or enhance their market share at the expense of the competitors such as the registrant and leasing company . defaults by lessees . the default by a sub-lessee under a lease with the leasing company may cause the registrant 's containers to be returned at a time when the leasing company may be unable to arrange for the re-leasing or sale of such containers . in such event , the registrant would lose anticipated revenues , incur additional operating expenses , and consequently , may be unable to recover its investment in such containers . in addition , because the registrant 's containers will be leased outside of the united states , repossession of containers from sub-lessees who may default under a lease could prove difficult . in addition , when containers are recovered , the leasing company may not be able to re-lease the equipment at comparable rates and at favorable lease terms . effect of environmental regulation on refrigerated containers . historically , refrigerated containers have utilized a refrigerant gas , which is a chlorofluorocarbon ( cfc ) compound . it is generally assumed that cfcs are harmful to the earth 's ozone layer when released into the atmosphere . many nations , including the united states , have taken action , both collectively and individually , to regulate cfcs . these nations have set various targets for the reduction in production and use of cfcs , and their eventual elimination . there has been substantial progress in securing a viable substitute for the refrigerant used in containers . production of new container refrigeration units operating with the replacement refrigerant became generally available in 1993. there can be no assurance that the new refrigerant will be as effective or as cost efficient as cfc compounds . 20 environmental liability risks . under state and federal laws of the united states , and under the laws of certain other nations , the owner of a container may be liable for environmental damage and or cleanup costs and or other sums in the event of actual or threatened discharge or other contamination by material in a container . this liability may be imposed on a container owner , such as the registrant , even if the owner is not at fault . it is not possible to predict the amount of liability . the leasing company , on behalf of the registrant , intends , subject to availability and prevailing market conditions , to obtain insurance against these risks on such terms and in such amounts as ccc and the leasing company deems reasonable . in addition , subject to availability and applicable insurance and container industry market conditions , the leasing company intends to require sub-lessees of the registrant 's containers to obtain insurance which protects against these risks and further to compel lessees to indemnify and defend the registrant in the case of an occurrence giving rise to possible liability under applicable environmental laws . there can , however , be no guarantee that insurance will be available to fully protect against environmental risk , or that ccc and the leasing company will be able to allocate the risk of environmental damage to lessees of the registrant 's containers . reliance upon ccc and the leasing company . the registrant 's operations are dependent upon the ability of ccc , and its affiliate , the leasing company , to arrange for the

