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High, Middle and Low Passages

IMTU, Passage warrants are bearer documents, much as the initial post of this thread. BUT, IMTU, they are issued by the IMoT (Trade), and are redeemed for 80% face value in cash, rest in payment in kind for fuel and LS reloads, and docking fees.

Starports usually bulk purchase, and thus can sell coupons for less than face value.

TAS coupons work the same way, and are issued not only to TAS members, but also to other concerns. While TAS coupons can only be redeemed at A-B-C ports, they will often be accepted elewhere and cashed at later ports.

I allow TAS members to buy extras for 500Cr off High and Mid, and Cr 50 off Low; TAS ports stock the chemicals in bulk, so they're puchasing the goods for 20-30% discount on what amounts to about 20% of costs., , or between 4% and 6% off, and TAS ports engender buisiness deals for 5% off berthing, so when coupons are cashed in, they're actually paying less than full face.

Non TAS Members can buy coupons at full face. THe advantages of coupons are that they're backed by TAS or IMoT.

The drawbacks: IMTU, If you accept coupons for any passengers (you can refuse them, but in so doing, can't cash any on-world for 28 days of either type), you can not charge higher rates for any passengers on board. If you are accepting coupons, you're required to notify passengers prior to boarding. The port will notify them of coupon regulations and their right to be charged no more than coupon rates.

Accepting more than coupon rates for passengers on a coupon accepting run is punishable by forfeiture of the ship, ship's cargo and stores, or fines totaling far more than 10x the value of all fares and cargos, possibly even incarceration. It varies widely and wildly, on purpose. The lottery aspect of being tried in the Local Noble's court by whatever courtiers may be present, with whatever press covering it who happen to be trusted enough to be allowed in, and only as many lawyers as the Noble cares to allow. (The defense is guaranteed one. The law may or may not be relevant to the court...)

Of course MTU is pretty much an "Evil Empire" who rigs trade for it's own benefit (specifically to keep worlds at each others' throats). Forget all that hype about maximizing trade; MTU wants trade to flow, but not to flow free, because free flowing trade will build alliances... long range ones.
 
Originally posted by Fritz88:
</font><blockquote>quote:</font><hr />Originally posted by tbeard1999:
When the warrant is redeemed, the payment is charged to the noble who issued it. Thus, there aren't very many of these things around. If a noble decided to let everybody ride a starship for free, he'd be very quickly bankrupted. Remember...these things are very rare. An average ship captain might not see one in a decade.
Yeah, but the Imperium has been around for 1000 years. It seems easier to give a TAS membership than to issue one of these warrants. I'm trying to make this make sense, as I really like this idea.

I think the easiest answer is that technically they are supposed to be redeemed upon receipt. However, since they are bearer bonds, essentially, there is an illict trade in them. The redemption is no questions asked, but you don't want to tick off the wrong folks by having one that you shouldn't have. This could be the start of an adventure....

Characters are traded a warrant for services rendered and told there shouldn't be any problem redeeming it at the nearest :confused: somewhere. They turn it in, only to have the actual noble concerned present. This is a problem because that particular warrant was issued to: sibling/lover/child who has now disappeared; rival for safe passage to negotiations (at which the rival never showed); hero/trusted servant who has turned up dead near the characters last port of call; etc....
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</font>[/QUOTE]I have no problem with your rationale that they are technically supposed to be redeemed, but in practice they often aren't.

One of the consequences of no FTL communications is that it's much harder to verify information. We 21st century Terrans take instant verification for granted. Even 50 years ago, one could make a transcontinental phone call if necessary and verify critical information.

In the Traveller universe, however, it will take at least 2 weeks to verify any fact. And it will usually take far longer...possibly years.

Therefore, I think that bearer instruments and suchlike are gonna be far more common than in our universe.

And even we use bearer documents all the time without realizing it -- the humble check (or "cheque" for Brits). If you endorse the check and give it to a third party, they can present it to the bank for payment.

--Ty
 
Originally posted by Fritz88:
</font><blockquote>quote:</font><hr />Originally posted by tbeard1999:
When the warrant is redeemed, the payment is charged to the noble who issued it. Thus, there aren't very many of these things around. If a noble decided to let everybody ride a starship for free, he'd be very quickly bankrupted. Remember...these things are very rare. An average ship captain might not see one in a decade.
Yeah, but the Imperium has been around for 1000 years. It seems easier to give a TAS membership than to issue one of these warrants. I'm trying to make this make sense, as I really like this idea.

I think the easiest answer is that technically they are supposed to be redeemed upon receipt. However, since they are bearer bonds, essentially, there is an illict trade in them. The redemption is no questions asked, but you don't want to tick off the wrong folks by having one that you shouldn't have. This could be the start of an adventure....

Characters are traded a warrant for services rendered and told there shouldn't be any problem redeeming it at the nearest :confused: somewhere. They turn it in, only to have the actual noble concerned present. This is a problem because that particular warrant was issued to: sibling/lover/child who has now disappeared; rival for safe passage to negotiations (at which the rival never showed); hero/trusted servant who has turned up dead near the characters last port of call; etc....
file_23.gif
file_22.gif
</font>[/QUOTE]I have no problem with your rationale that they are technically supposed to be redeemed, but in practice they often aren't.

One of the consequences of no FTL communications is that it's much harder to verify information. We 21st century Terrans take instant verification for granted. Even 50 years ago, one could make a transcontinental phone call if necessary and verify critical information.

In the Traveller universe, however, it will take at least 2 weeks to verify any fact. And it will usually take far longer...possibly years.

Therefore, I think that bearer instruments and suchlike are gonna be far more common than in our universe.

And even we use bearer documents all the time without realizing it -- the humble check (or "cheque" for Brits). If you endorse the check and give it to a third party, they can present it to the bank for payment.

--Ty
 
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