vs Ship cost: —
vs Bond face: —
Ship P&L — scenario applied (annual)
Your bond cash flow
IRR across all three scenarios
Two coverage metrics shown. The industry convention (vs ship cost) is the prospectus headline. The honest bondholder protection (vs bond face) is the genuine ratio of collateral to actual principal owed.
Collateral pool at maturity
SPV Reserve composition (at issuance)
The Reserve is bondholder-owned collateral inside the SPV. It compounds at the disclosed haircut rate (7.5%) and provides principal protection at maturity. Composition is editable in the advanced panel on the left.
Reserve return stress — coverage at 24m
Annualised return comparison
Investment outcome at bond maturity
Disclaimer. Illustrative model only. Past performance is not indicative of future results. Maritime DAO LLC issues bonds under the EU Prospectus Regulation framework (small-issuance carve-out for sub-€1M raises, or full simplified prospectus above €1M). The Senior Bond is a variable pass-through instrument — coupons scale with ship performance and Reserve compounding; principal redeems at €200 par at maturity. The SPV Reserve (BTC / Gold / Silver / Cash) is bondholder collateral, not a separate instrument. $MARGOT is a separate utility / governance token under MiCA Title II covered in a separate document — it does not back, reference, or yield from this bond. PSV and MR Tanker operating numbers derive from North Sea market data — reference rates only. Refer to the bond legal documents for actual terms.