OOC:
The GM made the call for ease for all new players to buy in from savings for equal shares. I was going to wait until we selected a name before I posted an updated charter, but to make things simple (?) let me post below the updated charter, and what ever name is selected in the poll we will insert into the charter.
IMV Athelstone
Class: Modified Far Trader (Beowulf Class Derivative)
Registry Location: Downport 2-A, Port-au-Prince, Mora Sector
Bank Title Holder: Interstellar Limited Mutual Finance, Branch 77 of First Bank of Rhylanor
I. PURPOSE OF CHARTER
This Charter formally establishes the
(Ship Name yet to be Determined) as a free merchant vessel operating under Imperial Commerce Code Title 7, Section 43, licensed for legal trade and transport throughout Imperial space. This Charter defines crew shares, responsibilities, and obligations to the financial institutions underwriting the vessel.
II. CREW SHAREHOLDERS
The following personnel are recognized as full shareholding members of the Athelstone merchant crew, each holding 1 full share (equal 1/8th ownership) in the vessel and its operations:
Tharrok – Pilot
L.C. Rains – Ship’s Navigator, Ship's Legal Officer and Solicitor
Alice Petrov – Second Officer / Broker
Luis Yamamoto - Junior Broker
Llogan Tamm – Chief Engineer
Bronz Bautista – Engineer’s Mate
Leilani Nekaii – Engineer’s Mate / Maintenance Specialist
Said Ma – Chief Medical Officer / Steward
Rin Bauer – Steward / Cargo Handler
Dolores Biga - Investor (Llogan Tamm holds proxy vote)
All crew have contributed an equal investment of Cr62,000 in capital and jointly assume the obligations of the ship’s mortgage.
III. SHIP VALUATION AND DEBT STRUCTURE
Base Value of Vessel: Cr44,000,000 minus 10 years depreciation vice salvage cost and balance on loan of Cr19,720,000
Crew Capital Investment: Cr620,000 (Cr62,000 x 10)
Bank Loan (Interstellar Limited Mutual Finance, Branch 77 of First Bank of Rhylanor):
Monthly Operating Expense Estimate: Cr250,334
Monthly Loan Payment (Estimated): Cr183,334cr
All profits after expenses and loan servicing are to be divided evenly among the shareholding crew, unless amended by vote.
IV. OPERATIONS AND VOTING
Each shareholding member is entitled to one vote in decisions involving ship contracts, personnel changes, major purchases, and mission risk evaluation.
Amendments to this Charter require a two-thirds majority vote (6 out of 10 shares).
V. FINANCIAL MANAGEMENT
The Quartermaster (L.C. Rains) is authorized to manage ship accounts, contracts, and reports to both the crew and financial institution. All records shall be maintained transparently and are subject to audit.
VI. SIGNATORIES
Each below affirms their role as equal partner, investor, and active crew of the Athelstone.
(Signatures follow here in ink or digital stamp)
Filed and Recorded – Downport 2-A Merchant Registry Imperial Date: 359-1117
OOC:
Besides the name, any other updates? I figured the loan balance by the 8 yr of payments (at Cr161,334 per month) for Cr15,480,000
and the bank wants the crew to pay for 30 more years....... ;-)
