What is the Trusts policy regarding rade-ins?
When an organisation wishes to replace a major item e.g. a yacht and use the proceeds as a trade-in towards the cost of a replacement, the Ministry of Defence may agree provided that the Trust’s interest in the new item is properly recorded. Alternatively, the Ministry of Defence may support an application for a new grant provided the Trust’s share of the proceeds is returned via the Service’s Point of Contact as if the item had been sold (see below).
