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[a1s]

Crazy Aywen shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned to the NRC, for a total of 1.2s each trip. Otherwise this contract becomes void.
When the NRC Changes the Price, it is reflected on this Contract.
Aywen Ayes, 0.6s
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[Kashyyk]

Keeping my sheet updated.

@a1s: I believe our Loan has officially ended now, but in light of the damage to the Crazy Aywen I'm happy to let it extend until the ship next returns.

@Maxine: You still have half your term left, but do you wish to pay off the interest and a portion of the principle now? It'll reduce the amount you'll owe overall.

Spoiler: KashKow Enterprises (click to show/hide)

Wealth: 1.69
Assets:
 - 1s Loan to Aywen Ayes (0.2s interest as of Turn 6)
 - 2s Loan to Fairchild Enterprises (0.45s interest as of Turn 6)

[The Canadian kitten]

Do i have to pay for the 0.12 per stock on the Glowing Manta because I don't have a share in the NRC contract?
ACTACTACT: Selling 6 sand for 2.76s
ACTACTACT: Pay 0.24s for Crazy Aywen NRC contract, and 0.64s for Crazy Aywen Repairs
ACTACTACT: Pay 0.32s for repair of Lead Catfish

Glowing Manta shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned.
Majority of shares (6+) required to approve change.
- Corsairs Incorporated (3 Stocks)
- Radiant Trading (2 shares)
- Wares-To-Sell (3 shares)
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Crazy Aywen shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned to the NRC, for a total of 1.2s each trip. Otherwise this contract becomes void.
When the NRC Changes the Price, it is reflected on this Contract.
Aywen Ayes, 0.6s
Wares-To-Sell corp, 0.24s
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Spoiler: Wares-To-Sell corp (click to show/hide)

Sovereigns: 0.83s + 2.76s = 3.59s - 0.88 (NRC contract and repairs) = 2.71s - 0.32 (Lead Catfish repairs) = 2.39s
[/quote]
Ships:
Glowing Manta 3/10 shares
Crazy Aywen 2/10 shares
Lead Catfish 1/10 share

[NUKE9.13]

Do i have to pay for the 0.12 per stock on the Glowing Manta because I don't have a share in the NRC contract?

All shareholders in the Glowing Manta have to pay 0.12 per share, whether they are NRC shareholders or not.

[Maxine]

Turn 5
╚═━┈┈━═╝
Late Summer Year 1

Minor, but since it could lead to confusion down the road, this is turn 6, not 5.

ACTACTACT: Sell 4 Sand for 1.84s. Pay 0.64 towards Lead Catfish repairs.

At risk of being irritating, just because we'd probably (and in this case, do) agree to a full repair doesn't mean we can skip steps at our leisure. Please refrain from just assuming such in the future. Such convivence belongs to someone with a majority ownership.

Crazy Aywen must switch route to Northland, as per its charter.
Therefore every shareholder must contribute 0.44/share to fully repair the ship and send it there.
ACTACTACT: Sell 5 sand for 2.3 sovereigns. Pay 1.6 sovereigns for repairs of Crazy Aywen. Change destination to Northalnd.

Same to you. (Also, Northalnd. )

@Maxine: You still have half your term left, but do you wish to pay off the interest and a portion of the principle now? It'll reduce the amount you'll owe overall.

I might repay some of it once I'm sure other matters are settled up. That said, are you sure the amount in your records is correct? I believe I owe more. (Also less my business, but Aywen can afford to pay you back just fine.)

ACTACTACT: Sell 6 sand for 2.76s.
0.96s pledged to repair the Lead Catfish. 0.32s pledged to repair the Crazy Aywen. 0.24s pledged to the Glow Manta's rental of NRC charts. 0.12s pledged to the Crazy Awyen's rental of NRC charts.

Spoiler: Contracts (click to show/hide)

Glowing Manta shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned.
Majority of shares (6+) required to approve change.
- Corsairs Incorporated (3 Stocks)
- Radiant Trading (2 shares)
- Wares-To-Sell (3 shares)
- Fairchild Enterprises (2 shares)

Crazy Aywen shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned to the NRC, for a total of 1.2s each trip. Otherwise this contract becomes void.
When the NRC Changes the Price, it is reflected on this Contract.
-Aywen Ayes, 0.6s
-Wares-To-Sell corp, 0.24s
-Fairchild Enterprises 0.12s
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The Glowing Manta shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned to the NRC, for a total of 1.2s each trip. Otherwise this contract becomes void.
When the NRC changes the price, it is reflected on this Contract.
-Fairchild Enterprises 0.24s
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-

Spoiler: Fairchild Enterprises (click to show/hide)

[Fairchild Enterprises]
Sovereigns: 3.42s (1.28s pledged to repairs. 0.36s pledged to chart rentals.)
Ships:
Glowing Manta (Partial ownership: 2/10 shares)
Crazy Aywen (Partial ownership: 1/10 shares)
Lead Catfish (Partial ownership: 3/10 shares)
Other shares:
Northern Route Cooperative (1/7 shares)
Misc:
2.6s owed to Kaskkow Enterprises (0.3s/turn interest. Full repayment due turn 8.)

[MonkeyMarkMario]

Spoiler: Monkey Corp (click to show/hide)

Sovereigns: 2.35s+2.2s(pending sells of shares-0.24s chart use-0.64s for repairs "Crazy Aywen"- 0.64s for repairs "Lead Catfish"
Ships: 2 shares in "Audacious Crustaceous"pending sell of shares
-2 shares in "Crazy Aywen"
-2 shares in "Lead Catfish"
Sand: 6selling for 2.76s
Debts: owe Aywen Ayes 0.45s on turn 6.payed off

ACTACTACT: Selling my sand for 2.76s.

ACTACTACT: Paying Aywen Ayes the 0.45s I owe.

ACTACTACT: Sell my shares of the "Audacious Crustaceous" for 2.2s total to Happy Crab LLC.

ACTACTACT: Paying for repairs of both ships I have shares in for 1.28s total. That would be "Crazy Aywen" and "Lead Catfish"

Crazy Aywen shall make use of the NRC's Charts to change their Route, sailing to Northland for Preserved Meats.
0.12 must be paid for each stock owned to the NRC, for a total of 1.2s each trip. Otherwise this contract becomes void.
When the NRC Changes the Price, it is reflected on this Contract.
-Aywen Ayes, 0.6s
-Wares-To-Sell corp, 0.24s
-Fairchild Enterprises 0.12s
-Monkey Corps, 0.24s

A very expensive turn. Also ships are just getting too expensive to build. We need to find a new source of lumber.

Hate to nitpick another player Maxine but, I do believe baked into every ship contract is a clause that says repairs must be made otherwise shares will be sold off:

Each share also requires the holder to pay 1/10th of any costs incurred in the regular operation of the vessel (eg repairs), failure to pay resulting in shares being seized and auctioned, with proceeds paid out to remaining shareholders.

[Kashyyk]

I might repay some of it once I'm sure other matters are settled up. That said, are you sure the amount in your records is correct?

You're right, I cannot do basic maths.

Spoiler: KashKow Enterprises (click to show/hide)

Wealth: 1.69
Assets:
 - 1s Loan to Aywen Ayes (0.2s interest as of Turn 6)
 - 2s Loan to Fairchild Enterprises (0.6s interest as of Turn 6)

[Maxine]

Hate to nitpick another player Maxine but, I do believe baked into every ship contract is a clause that says repairs must be made otherwise shares will be sold off:

Each share also requires the holder to pay 1/10th of any costs incurred in the regular operation of the vessel (eg repairs), failure to pay resulting in shares being seized and auctioned, with proceeds paid out to remaining shareholders.

There are two levels of repairs, which each incur a different cost. No where does it say we have to make a full repair or a partial repair, or any repair, by default. If I felt like being generous, I'd argue we are obligated to get her seaworthy, so she can keep running, but it goes no further than that.

I might repay some of it once I'm sure other matters are settled up. That said, are you sure the amount in your records is correct?

You're right, I cannot do basic maths.

Damn, was hoping I was the one who was wrong.

[TricMagic]

Ironically, if someone couldn't afford to pay for repairs... Someone buys the boat, but can't pay for the repairs, so loses their stocks, which lose the others down the line till the ship defaults back to the crown.

[a1s]

Hate to nitpick another player Maxine but, I do believe baked into every ship contract is a clause that says repairs must be made otherwise shares will be sold off:

Each share also requires the holder to pay 1/10th of any costs incurred in the regular operation of the vessel (eg repairs), failure to pay resulting in shares being seized and auctioned, with proceeds paid out to remaining shareholders.

There are two levels of repairs, which each incur a different cost. No where does it say we have to make a full repair or a partial repair, or any repair, by default. If I felt like being generous, I'd argue we are obligated to get her seaworthy, so she can keep running, but it goes no further than that.

Repairs are mentioned by name as one of the things you have to do. But I guess we can take a vote:

This is a proposal to amend the current contract with the following addendum:
"Shareholders of Crazy Aywen shall be automatically charged full repair costs (unless they choose to fail to pay.) Full repairs may be substituted for partial or no repairs by a majority vote of shareholders."
In order for proposal to pass we need a unanimous vote (as per contract):
-Aywen Ayes votes Yes
-Monkey Corp
-Fairchild Enterprises
-Wares-To-Sell Corp

[SCREE]

Ironically, if someone couldn't afford to pay for repairs... Someone buys the boat, but can't pay for the repairs, so loses their stocks, which lose the others down the line till the ship defaults back to the crown.

This is something I've been thinking about. It does seem to be a bit of a viscous cycle. It's definitely exacerbated right now with the squeeze on lumber.

If someone did go bankrupt, the crown could wipe their debts and bail them out /give them 3 sovereigns to start over. I'd worry about this being abused to get quick money into the system. But I think it'd be pretty obvious what was happening if someone tried to do that. what would worry me more is the effect it would have on other players who may have ventures with them if someone was trying to play the system and got thwarted.

Long before that. I think if a player started to feel like they were on a nosedive, they could either spend a Royal Favor to get a writ from the Crown to allow them to trade through Crown ships. It'd work the same except the Crown would probably make bizarre or suboptimised decisions, and the player would have to pay tax to the crown on their sales. It might help course correct/pay off their debts before bankruptcy while they work to get shares back in ships. But it doesn't solve the viscous cycle problem if they were stuck in that position for too long. A player without royal favour to make the choice could do something similar with an indentured servitude to the crown, and once they've paid their dues they could get back to PC ships.

Its a bit of a moot point though as this is a forum game that's meant to be fun. There does have to be a fail state though otherwise it's pointless. That being said. I'd rather not force someone into a boring position for a few turns if it's avoidable. Perhaps, if it comes to it and someone goes bankrupt, they can have the choice of working for the crown for a while or starting over with 3s. At the very least the first bankruptcy a player has should be lenient.

/Shower thoughts ramble over

[evictedSaint]

ACTACTACT: Sell 5 sand for 0.46s each.

ACTACTACT: The Audacious Crustaceous will set sail for the NearEastlands.

Happy Crab LLC buys out 2 share of the Audacious Crustaceous from Monkey Corp for 1.1s each, and now owns 7/10 shares.

ACTACTACT: Now that Happy Crab LLC is the majority stakeholder of the Audacious Crustaceous, we hereby order our sailors to wear crab-themed uniforms in order to increase brand recognition.  Furthermore, Happy Crab LLC's Happy Crab Logo will be painted on the prow of the Audacious Crustaceous, again to improve brand recognition.

Spoiler: image (click to show/hide)

Spoiler: Happy Crab LLC (click to show/hide)

Sovereigns: 0.87s

Shares:
    7 shares in Audacious Crustaceous

[NUKE9.13]

Hate to nitpick another player Maxine but, I do believe baked into every ship contract is a clause that says repairs must be made otherwise shares will be sold off:

Each share also requires the holder to pay 1/10th of any costs incurred in the regular operation of the vessel (eg repairs), failure to pay resulting in shares being seized and auctioned, with proceeds paid out to remaining shareholders.

There are two levels of repairs, which each incur a different cost. No where does it say we have to make a full repair or a partial repair, or any repair, by default. If I felt like being generous, I'd argue we are obligated to get her seaworthy, so she can keep running, but it goes no further than that.

While we can discuss amendments to clarify this, I would argue that "any costs incurred" covers full repair costs. Especially since repairs is the only example given. It doesn't explicitly say "full repair costs", but it also doesn't explicitly say other things, like what form a share auction should take or whether players can trade shares (or whether a dog can play basketball).
That being said, as mentioned I'd be fine with adding a clarifying amendment if it puts your mind at ease.

[Rockeater]

ACTACTACT: Pay 0.64 for lead catfish repairs

Spoiler: Wave-breaker LLC (click to show/hide)

Sovereigns: 0.13s
Non Soverigns currency: 1 royal favor
Ships: 3/10 share in Audacious Crustaceous
2/10 shares in lead catfish
Goods: 5 sand

[a1s]

If anyone has excess money, I would like to float a bond:

Aywen Ayes receives 0.2 sovereigns from             , to be repaid with 0.03 sovereign/turn non-compounding interest on turn 10. An earlier repayment may be arranged by agreement of both sides.
Signed
Aywen Ayes