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Real-Life Decision Making

Each day is full of decisions for ship captains. However, says Capt. Ann Sanborn, your choice is usually pretty straightforward. "Your first concerns are the safety of the people and the safety of the vessel," she says. When you let money get in the way of your decisions onboard, trouble usually results, says Sanborn.

You are a ship captain of a large cargo vessel that travels between port cities. On this trip, your assignment is to go to San Francisco and pick up containers that must be delivered to Japan. Your ship didn't originate in San Francisco, however. You sailed from the port of New York City. As is sometimes the case, the ship wasn't carrying any cargo from New York to San Francisco.

When you don't carry any cargo, you must carry saltwater in tanks that act as a ballast to weigh down the ship, so she floats deep enough in the sea. This allows the rudder and propeller to get a good bite in the water, and allows the ship to keep her center of gravity low enough so she doesn't capsize.

When you arrive in San Francisco to pick up the cargo, you will, of course, need to pump out the saltwater. Now, with cargo, the ship will be heavy enough to float without the saltwater ballast.

While you are getting ready to pump out the water and replace it with the cargo containers, your second officer comes running up to you. He has made a very important discovery. "Sir, I found that there is a small amount of bunker oil in the saltwater." Bunker oil is the fuel the engines burn to propel the ship.

Oh, no. If you continue to pump out the saltwater ballast into the harbor, you could pollute the environment. If you don't, the ship will be too heavy to sail.

What do you do?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.