Question-and-Answer Session
Operator
Thank you, sir. We will now begin the question-and-answer session. (Operator instructions) Our first question comes from the line of Doug Becker from Banc of America Securities. Please go ahead.
Douglas Becker – Banc of America Securities
Thanks. Bobby, you mentioned that about 80% of your fleets contract is international fleets contract in 2009, I guess around 50 % in 2010. What type of cancellation provisions are in those contracts?
Robert Parker, Jr.
Doug, it varies. Some of them, they have full capability of having to pay what the contract would state. Others have early terms where they'll pay us an early term penalty and then of course our demobilization kicks in as well. So that'll vary across the board. Dave, you want to comment any further about anything specific lately.
David Tucker
Yes. We have early term provisions in the majority of our contracts internationally and as Bobby stated it covers a demobilization fee plus a portion of the contract that they're trying to early term on.
Douglas Becker – Banc of America Securities
And have there been any suggestions from customers that (inaudible 00:28:18) contemplating at this point?
David Tucker
We haven't had any news on that, Doug. It appears to us that the international marketplace hasn't been affected by the current situation here in North America and in a way they're not that changes in the long-term and we'll just have to keep our ear to the ground, but we don't anticipate having any effect of that right now.
Robert Parker, Jr.
And Doug, this is Bobby, I'll add I think you read here lately where some oil companies, MP (ph 00:28:52) companies are relooking potential (ph 00:28:54) future projects because the costs there have ramped up lately and so the fact all these contracts are ongoing and ongoing programs, my guess is we won't see much change in those. The impact to us may be on projects that in the future may be a little later to start than they first anticipated as they try to re-price their service cost, etc., but that's when you reread here recently and like Dave said, we haven't seen signs internal yet of people wanting to cancel out of current contracts that are ongoing.
Douglas Becker – Banc of America Securities
Okay. Turning to the U.S. barge market, what's the thought process regarding potentially stacking rigs going forward? I mean what types of things would you need to see?
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