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:
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:
(b) Sample report.
Reports providing the information required by §§ 280.7 and 280.9 shall be made in the following form:
| 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 | ||||||
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Code of Federal Regulations
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| 1 Enter Calendar Year _ or Cumulative Quarterly Period Ending __ as applicable for the report being filed. | ||||||