Cochrane hoped that he would be able to sell tar as a sealant for the hulls of ships to the Royal Navy. After contacts with the British Admiralty were made, a test was performed on a buoy. The buoy was coated on one side and left uncoated on the other. After some time the uncoated half was leaking and full of worms and barnacles, while the treated half was in quite good condition. A patent for his invention was drawn up, while the family estates were used as collateral.