A large shrimp fleet operator at Brovrasvills , Texas paid 4,0 

 percent on hull inaarance and 1,8 percent on protection and indemnity 

 insurance. His fleet operates over the entire Gulf of Mexico. A simi- 

 lar large operator in Louisiana paid 4.2 percent for hull insurance and 

 2,6 percent for protection and indemnity incurance, Hovraver, his fleet 

 includes menliaden vessels as well as shrimp vessels. A Tampa hoat owner, 

 operating a fleet of ten shrimp vessels paid ^,0 percent for hull in- 

 surance and 2.8 percent for protection and indemnity insurance. A large 

 shipyard company in Jacksonville, i'lorida requests that the purchaser 

 of a shrimp vessel carry insurance at the rate of 8,0 percent for hull 

 and 2,5 percent for protection and indemnity coverage to he paid in 

 accordance with a three-year installment plan. 



Recently individual owners of shrimp vessels in the Gulf area 

 have banded together, in some instances, to ohtain insurance on their 

 vessels at lower rates ranging from 4.75 - 3.25 percent for steel diosel 

 vessels and from 5.75 percent to 4,25 percent for wood diesel vessels, 

 the rates decreasing in proportion to the increase of the deductible 

 clause. 



Miscellan eou s 



Among the elements of cost which, in some instances, aro not 

 separately shown on the boat owner's cost statements are license fees 

 paid to state authorities. Where license fees have to be paid to mora 

 than one jurisdiction, the amount shown on the cost statements under 

 ^Miscellaneous Expenses* may be considerable, 



COST COMPARISON 1942-1943 AND 1952-1954 



In connection with a study of distribution methods and costs 

 of important food products completed during World War XL the Federal 

 Trade Commission obtained cost of production particulars for two shrimp 

 fishing vessels for the years 1942 and 1943. 



The two shrimp vessels operated out of ports located in the 

 State of Louisiana. Data obtained for those Uio operations can be used 

 as bench marics for a rough comparison of costs of producing shrimp in 

 the war years with costs in the survey years 1952-1954, \Ihon the 1942- 

 1943 data are checked against corresponding data for Region III (which 

 includes State of Louisiana operations) it appears that prices and costs 

 in the years 1952-1954 were approximately twice their corresponding 

 wartime level. The boat owners' profit in this region averaged one- 

 fifth of ex-VQSsel prices in both periods. 



The relative importance of individual cost items as components 

 of total cost appears to have undergone a significant change in the decaia 

 betv/een survey years. Crev; wages, grocery, and fuel coots represented 

 larger proportions of the total exi:)ense dollar in 1952-1954 than in 1942- 

 1943, while the reverse held true of fixed expenses and costs of ice. 



225 



