DFW said:
The wording is lifted from the prior edition as far as the formula and total amount paid. So whilst it isn't mentioned it comes out the same in the wash.
So, I don't think people would be having these small merchants built if freight & passengers only paid what the rules show. No bank would underwrite. On the other hand, just slash final ship construction costs in half and you have a workable system.
It's almost 5. Need to shower, go out to breakfast and then head over my Dutch friends house to watch the game. Got my yellow/gold shirt and red shorts ready... :lol:
Enjoy the football - had we worried, thought it was afternoon game or something. Another 2 1/2 hours before coverage starts on BBC1.
My thoughts on a couple of things you raised. You asked about the economics of carrying passengers, Clearly speculative trading should net you more money than Passengers assuming a sufficient pool of money for speculative trade. High Passengers which net you more money than freight, and so will Medium Passengers travelling 1 parsec.
Assuming 2 trips per month and high passengers:
a stateroom cost 1,000Cr per trip for life support.
a high passenger uses 1/2 level of Steward at 250Cr per trip (assuming 2,000Cr for skill 1).
a high passenger uses 1 ton of cargo space.
High Passenger income is 6,000Cr
Profit per ton of cargo is 4,750Cr
The reason Medium Passengers are also good is:
a stateroom cost 1,000Cr per trip for life support.
a medium passenger uses 1/5 level of Steward at 100Cr per trip.
a medium passenger uses 1/10 of a ton of cargo space.
Profit per passenger is 1,900Cr or 9,500Cr for 5 medium passengers.
Obvious split for a free trader is 5 Medium Passengers and 2 High Passengers for a profit of 19,000Cr for 3 tons of cargo (or 6,333 per ton of cargo space given up).
So assuming the swing in the core rulebook (35% from purchase to sell) is typical - this means you need a commodity with a base price of 12,858Cr per ton to obtain the same profit from the use of 1 ton of cargo space as a high passenger, more with the combo I suggested above. So I think squeezing the crew into double occupancy, hiring stewards, or taking entertainers as working passage is quite good bang for buck. Get the mix right and it is better income than running the mail.
The 20% down payment got discussed on another thread some time ago. Basically the concept of ship shares replaces this is my understanding.
Putting the numbers into my back of cigarette packet maths.
Taking over a mortgage (say 7% for ship shares for old ship) and having 8% Party Ship shares reduces the mortgage payment to 191,508Cr per month - no need to carry high or medium passengers to break even. So for the bread an butter approach of freight + low berth will break even, freight + low berth plus high passengers will give a profit.
I think financial houses will quite like the maths risk/reward of the Free Trader mortgage. They are effectively making 100% on their investment. In terms of risk, with a 15% contribution of ship shares, just doing freight, low passengers and high passengers (so low risk) give a gross margin (operational costs excluding service of debt) of 78% which is top notch for today's corporate market. Net profit (include the mortgage payments) is 31% which is still very good. Note these figures are from my back of cigarette packet spreadsheet, so should be taken as about. Its a win-win position, with low risk for the financial house. But they will need to see a business plan based around speculative trade (Broker skill) or passengers (Steward Skill), or ideally both.
I therefore do not see a need to tweak the construction costs.