Place the crab cakes into the oven on the broiler rack, right below the broiler, for around 12 minutes. Halfway through the 12 minutes, remove the crab cakes from the broiler rack, flip the crab cakes, and put them back under the broiler.
What is the 'Operating Expense Ratio - OER'. The operating expense ratio (OER) is a measure of what it costs to operate a piece of property compared to the income that the property brings in. The operating expense ratio is calculated by dividing a property's operating expense by its gross operating income and used for comparing the expenses of similar properties.
The operating day rate at the start of the extension period is estimated to be approximately $470,000, exclusive of the total cost escalation adjustments which occur during the initial term and will be additive to the operating day rate during the extension period.