System and method for financing vessels

Details System and method for financing vessels System and method for financing vessels

2011-08-30

2011-08-30

Maguire, Lindsay M (Department: 3693)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

Reexamination Certificate

active

08010431

ABSTRACT:
A method for controlling a computer to price a vessel transaction utilizing a capital construction fund (CCF) and system thereof. The method includes retrieving input from a user regarding at least transaction information including financing, CCF account information, and purchaser information. The input is used to calculate amounts to be added to a CCF Capital Account to be used in combination with the income created on the CCF Capital Account to pay principal payments on a financed vessel. The method also includes calculations of tax liabilities that may be incurred through the use of the CCF.

REFERENCES:
patent: 6684190 (2004-01-01), Powers et al.
“NMFS Overview of Capital Construction Fund”, Alaska Sea Grant Marine Advisory Program, Sep. 8, 2008 Archive of <http://seagrant.uaf.edu/map/workshops/2008/business/fishing/handouts/capconstfund.pdf>, accessed via Internet Archive Wayback Machine <http://wayback.archive.org>.

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