MARINE
U
EA
4DVISORY
RANT1'PROGRAM
OREGON STATE LINIVERSITY
CORVALLIS, OREGON 97331
MEDS - 31
August 1971
MARINE ECONOMICS DATA - 45-FOOT SCOTTISH INSHORE VESSELDescription
$57,750 market value, 45 feet by 18 feet, wood side trawler and 24
gross registered tons.
Effort
Fishery
(days)
Finfish
211
(1) Gross returns
$23,750
Variable costs"
Season total
Vessel repairs
Gear maintenance
I
Fuel and oil
Commission
Galley
National Health Insurance,...
Port dues, unloading, and hauling
Miscellaneous
Crewshare
1
$ 1,790
1,970
1,050
1,130
670
390
650
490
8,210
Total variable costs
$16,350
.
Fixed
Depreciation
Insurance
Electronics rental
Miscellaneous
(3) Total fixed costs
$ 4,690
680
1,365
220
$ 6,955
Opportunity costs"
Season total
Operator's labor
$2,407
Operator's management (10% of boat share)
1,084
Total investment ($57,750 @ 10%)
5,775
Suumiary
Return to labor, management, and investment
(1 less 2 and 3)
445
Return to labor and management (1 less 2, 3, and 6)
-5,330
Return to Investment (1 less 2, 3, 4, and 5)
-3,046
Developed by the British White Fish Authority in cooperation with the Oregon
State University Marine Advisory Program, in Edinburgh, Scotland.
Costs that vary with fishing effort.
Costs that do not vary with fishing effort.
Opportunity Cost of labor is the estimated value of this operator's time, or
what could have been earned working for someone else. Opportunity cost of management is the estimated value of this operator's management (decision-making
and risk), or what could have been earned managing another similar business.
Opportunity cost of investment Is the estimated fair return to total investment
in the business, regardless of the actual amount of debt.