(a)(i) In your own words and understanding, discuss and explain in details, together with your own clear, specific and generic diagrammatic framework and its main and important elements therein, to demonstrate how the separation of the two roles of owner/investor and operator can help shipowners and managers form special purpose vehicle to effectuate the deployment of off-balance-sheet financing on the one hand and cash-in owned ships while maintaining operational control of the ships on the other. (6 marks)