Title 46: Shipping
PART 280—LIMITATIONS ON THE AWARD AND PAYMENT OF OPERATING-DIFFERENTIAL SUBSIDY FOR LINER OPERATORS
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§ 280.11 Example of calculation and sample report.
(a) Example of calculation. The provisions of this part may be illustrated by the following example:
Company A operates several vessels engaged in carrying cargo, passengers and mail from the west coast of the United States outbound to foreign ports in the Far East, cargo between the foreign ports in the Far East, and cargo from foreign ports in the Far East inbound to the west coast of the United States. Company A's operation on this service is subsidized under an ODS agreement made in accordance with §280.3. Total annual subsidy payable for Company A's service is $1 million. In 1976 Company A's total gross revenue was $10 million, computed as follows:
Outbound gross $4,000,000 freight revenue.......Inbound gross 4,000,000 freight revenue.......Wayport gross 1,000,000 freight revenue.......Miscellaneous 1,000,000 gross revenue. ----------------------------------------------- Total gross 10,000,000 revenue...
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Of the $4 million outbound gross freight revenue $1,600,000, or 40 percent, was earned from carriage of competitive cargo. Of the $4 million inbound gross freight revenue $1,200,000, or 30 percent, was earned from carriage of competitive cargo. Accordingly, total ODS payable to Company A for voyages terminated during the calendar year 1976 is reduced by $240,000, from $1 million to $760,000, as follows:
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------------------------------------------------------------------------ ------------------------------------------------------------- outbound leg of service ------------------------------------------------------------------------ODS payable $400,000 (Outbound freight revenue, $4 million, divided by total gross revenue, $10 million, times total ODS payable for service, $1 million.)Percent 20% reduction of ODS payable (40% carriage of competitive cargo requires 20% reduction in ODS payable.)Amount of $80,000 reduction in ODS payable (20% of $400,000.) ------------------------------------------------------------------------ inbound leg of service ------------------------------------------------------------------------ODS payable $400,000 (Inbound freight revenue, $4 million, divided by total gross revenue, $10 million, times total ODS payable for service, $1 million.)Percent 40% reduction of ODS payable (30% carriage of competitive cargo requires 40% reduction in ODS payable.)Amount of $160,000 reduction in ODS payableTotal amount of $240,000 reduction in ODS payable ($80,000 plus $160,000.)Total ODS $760,000 payable for service in 1976 (after reduction) ($1 million minus $240,000.)------------------------------------------------------------------------------------------------------------------------------------------------
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(b) Sample report. Reports providing the information required by §§280.7 and 280.9 shall be made in the following form:
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MA_819 (company) Report of Revenues Earned for ___ \1\ Pursuant to 46 CFR Part 280 Form Approval_OMB No. 41.R2954-15---------------------------------------------------------------------------------------------------------------- Trade Route No. Trade Route No. Trade Route No. ----------------------------------------------------------------------------- Dollars Percent Dollars Percent Dollars Percent----------------------------------------------------------------------------------------------------------------Outbound freight revenue: Military and Premium Rated Civilian....................... Competitive..................... ----------------------------------------------------------------------------- Total Outbound Freight Revenue ........... 100 ........... 100 ........... 100 =============================================================================Inbound freight revenue: Military and premium rated civilian....................... Competitive................... ----------------------------------------------------------------------------- Total inbound freight revenue. ........... 100 ........... 100 ........... 100 =============================================================================Wayport freight revenue...........Miscellaneous revenue............. ----------------------------------------------------------------------------- Total gross revenue...........----------------------------------------------------------------------------------------------------------------\1\ Enter Calendar Year _ or Cumulative Quarterly Period Ending __ as applicable for the report being filed.
