Registered in the Subsector of Port-au-Prince, Imperial Registry #PT-FT-2187-A
Chartering Entity: ATHELSTONE VENTURES LLC
Ship Classification: 200-ton Far Trader, modified Beowulf-class
Docked At: Downport 2-A, Bay 14, Port-au-Prince Arcology
I. Purpose of Charter
The vessel
Crew Member | Shares | Capital Contribution (Cr) | Notes |
LC Rains | 3 | Cr 62,000 + sweat equity | Legal Counsel, Charter Drafter |
Llogan Tamm | 3 | Cr 62,000 | Chief Engineer |
Bronz Bautista | 3 | Cr 62,000 | Engineer/Mechanic / Power Systems |
Said Ma | 3 | Cr 62,000 | Steward / Medical Officer |
Tharrok (T-Jive) | 3 | Cr 62,000 | Pilot / Security Liaison |
New Crew (x4) | 1 each | Cr 0 (Deferred Buy-In) | In probationary period |
Bank | 18 | Cr 43,390,000 | Owner of Ship's Title |
Total Shares: 37
Voting Power: One vote per share; majority required for financial decisions
Profit Distribution: Proportional to shareholding at end of each trade cycle
III. Financial Overview
Startup Capitalization:
- Total Personal Capital: Cr 310,000 (5x Cr 62,000)
- Bank Account Reserves: Cr 300,000
- Available Operating Capital: Cr 610,000
Vessel Cost & Financing:
- Base Cost of Athelstone: Cr 44,000,000
- Financier: Port-au-Prince Downport Bank Consortium (via liaison Decherrek, Droyne)
- Downpayment (secured via equity & startup capital): Cr 610,000
- Outstanding Loan: Cr 43,390,000
- Monthly Operating Expenses Estimate: Cr 250,334
- Repayment Schedule: Negotiated pending final bank terms and performance guarantees
IV. Risk and Compliance
All crew have agreed to abide by the Code of Shipboard Conduct and Profit Assurance Compact, signed and sealed under the oversight of neutral witness (Droyne Decherrek). Corporate structure protects individual crew assets via LLC formation, limiting creditor recourse to ship assets only. Legal instruments filed in triplicate.
V. Addendum for Potential Investors
To Whom It May Concern The Athelstone Ventures LLC seeks additional liquidity infusion in the form of an operating advance or convertible debt instrument, to be used for:
Cargo acquisition for outbound runs
Jump fuel reserves and port fees
Crew provisioning and risk insurance
A modest investment of Cr 20 million will secure preferred vendor status, loan repayment priority, and indirect operational influence (without regulatory exposure).
Filed and notarized by:
LC RAINS, JD (Imperial Law, Retired Customs Advocate)
Legal Counsel, Acting Quartermaster, Merchant Officer of the Athelstone