1. In General:
The Foundation annually earmarks funds for use at schools providing training or education for seafarers.
2. Entitlement to apply:
-Secondary schools – for students in courses with a maritime transport speciality
-Maritime colleges – for students in courses aimed at maritime officer’s exams.
The minimum requirement for the courses in 1 & 2 above is that they are not less than three months long.
3. Use of the funds:
The funds granted to the school or college can be used by the Principal for the following:
A. Educational travel
Costs for educational travel that clearly reflect a goal within ”training or education”
B. Awards
To students that have shown exceptional interest in studying and generally have given a good example to fellow students.
C. Stipends
To students that are in need of special economic assistance.
D. Dissertation
If work on the dissertation incurs costs that are not covered by the college.
Assistance can be sought from and approved by the college Principal.
E. Other uses
The Principal can dispense the funds at his disposal in other ways as long as the result is to the benefit of students and the college environment.
The funds used must clearly reflect a goal within ”training or education”.
4. How to apply:
The college must apply for funds stating the number of students on each course that complies with Point 2 above.
The application should state how the funds are intended to be used.
The application must be signed by the Principal
As an indication of funding levels the sum of SEK 400 per student per term can be used.
The application must reach the Foundation’s office by February 15 or September 25th respectively.
5. Decision
After confirming that the proposed usage clearly fits the prerequisite within ”training or education” a decision on payment can be made.
6. Accounting
The Foundation requires that the funds allotted are accounted for after every term, at the latest in conjunction with a new application. Educational travel as per 3A above must be accounted for separately. (Aims, methods, participants and costs)
Funds remaining unused are deducted from payment of any new application.
Spending not approved by or not meeting the requirements of the Foundation will be deducted from payment of a new application.
