Alex,

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When I modeled the revenues of large sailing ships, I assumed they traveled from one Class I route to another, a distance of 500 miles which took 4 weeks. At each port, they stayed for three weeks, where they picked up 6 passengers and 9 shipping contracts, then filled up the rest of their cargo bay with arbitrage cargo. I assumed margins on arbitrage work at 5%. As a result, most ships make most of their money from shipping fees, not from arbitrage.

Would you mind, if you have it available still, sharing what your modeling was for the wagon caravans?

I can back-calculate a Large Sailing Ship going between maximally-distant Class I Markets using that paragraph to 2,532 gold, close enough to the book value of 2,600GP for happiness - 1 week of travel, 3 weeks of market, 4 weeks total, 1 month.

I’ve started with the 40-wagon caravan, and I can’t quite get it to suss out.

Assuming maximal arbitrage cargo (25,600st) at 5% profit, it’s making 1,280GP per market event - a bit less than the 1,475 from the book.

But it’s such a slow means of transport (I’m assuming 1.5 hexes per day on the road loaded to the brim, right?) I can’t get enough market visits over any time period - the best I justify are two markets within 12 hexes of each other (8 days), which is the Class IV range.

If I double the wagons to 80 per caravan, putting each at a normal load, that’s 3 hexes per day on the road, and I can just about do the Class I and II routes (28 hex road trade range, and either 9.3 or 8 days per trip).

Thanks!