Starship financing

[Spartan159]

Or, Just how much do you owe after spending ship shares?

For example, the party has 13 ship shares (325 tons) towards a Fat Trader (400 tons), what do they owe?

Side questions, are ship shares inheritable? What about subsidies,how are those calculated?

 

[OjnoTheRed]

There's a few approaches that occur to me. I've redone the March Harrier for my T5 campaign (see my blog if interested), and it came in at MCr101.9.

Firstly, the remaining 75 tons (or 18.75% of the ship) could be owned by other traders, perhaps also crewing the ship; thus, the only consideration is profit-sharing rather than paying off the finance.

The second approach is to say that the rest is owed to the bank. But if 18.75% of the value of the ship is owed to the bank, there is a simpler process than amortising a loan. Remember the ship needed a deposit of 20% - MCr20.38 in our example. Thus, of the 81.25% owned, 20% of the ship is represented by the deposit, and so 61.25% of the 480 monthly repayments have been made, i.e. 294 payments have been made; there are 186 to go at Cr424,583 each.

On subsidies, I am still experimenting but it seems that the Classic Traveller rule is a reasonable guide: no repayments by the team working the ship, but half of all profits are remitted to the subsidy holders.

I am still working out the operation of the ships accounts because it is not clear to me what the on-going life support costs are (in Classic Traveller it was Cr1000 per person per 2 weeks, Cr100 if in Low Berth). If someone could point me towards a page number, would be most grateful.

 

[Spartan159]

Thanks for your reply, that example got my brain to working the math. I've bookmarked your blog to keep an eye on it. As it happens, The Traveller Adventure is what I was working on. I'll be very interested to see where you and your players go with it!

 

[Magnus von Thornwood]

The last question.

First off thanks Onjo, those numbers were neat. Math is no longer one of my strong suits so having some one else take it on is nice.

Spartan, as to your last question, I have ruled as a Ref that yes, much like any property Ship Shares (and Ships and Gear too ) are indeed inheritable. (normally this is were I would indulge in some of my love of writing Court decisions, but not today)

Based on my dicussions with Marc, it seems the old CT standard Costs are still around. I am not as sure about Life Support since it seems to work different in T5, but don't quote me. Crew Salaries are still based on the old Traveller standards (I'd post the numbers ans such, but computer is in the shop) and based again on discussions I would guess that the old Cr 100 Low Berth refill cost still stands as Low LS is not mentioned on table C on page 334.

Hope that helps.