Page 22: of Marine News Magazine (April 2017)
Boatbuilding: Construction & Repair
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COLUMN BOATBUILDING FINANCE
THE WAY FORWARD entered the CCF program and used CCF monies to pay
MARAD regulations require that a vessel that has been the down vessel debt, to whom would you later sell the vessel? subject of Program withdrawals must be operated in “qualify- If a shipyard enrolls in the Program and uses its deposits ing trades” for the vessel’s useful life, and will otherwise incur as working capital to
