Aramis: The Traveller Adventure said:The ship's subsidy contract is owned by a blind trust based in Regina and the crew has broad discretion in selecting cargoes, destinations, and charters provided only that basic financial and contract obligations are met.
The March Harrier has been running its assigned route in the Aramis Trace for something over five years. Under its subsidy contract, it must serve its route 70% of the time and is free to server other words, take charters, or otherwise leave its subsidy route for the remainder of the time.
AnotherDilbert said:25% of the mortgage paid off means 25% of the time, so 10 years of the 40 year mortgage. The monthly payment is still just as big, but only for another 30 years. It also reasonably means the ships is 10 years old.
More ship shares can be used to lower the price of the ship, and hence mortgage payments.
Condottiere said:Always sounded more like a time share, that various user owners opted in and out.
Moppy said:Even if your ship is paid off you should consider taking out a token mortgage on it with a minimal payment. This will allow you to raise cash fast by just increasing it. Otherwise you have to apply for the mortgage and have a full ship inspection.
These days most ships are leas3d for reasons of tax and cash flow, but this instrument doesn’t exist in the standard traveller rules.
paltrysum said:The best source for truth on the operation of subsidized merchants is The Traveller Adventure—or, using the Mongoose version—Aramis: The Traveller Adventure. The basic arrangement is that the ship is paid for by the subsidy agency and that the crew pays its running costs. That's a gross oversimplification and there's a bit more to it, but you can get a more detailed rundown in the adventures above or in the "Subsidised Merchants" article in Mongoose's upcoming publication, JTAS #6. Written by yours truly.