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

Marine News

Marine News is the premier magazine of the North American Inland, coastal and Offshore workboat markets.