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Appendix.

           Methodological manual guidelines for value estimation of different classes of the marine commercial vessels (fishery and cargo)

           Practical training in the field of the economical expertise of assetsusually involves solving universal fragmentary tasks of evaluation, for example, the calculation of present values of cash flows or the calculation of other discount financial functions.
           Practical training in the sphere of value estimation of the marine commercial vessels have an integral structure and based on the study of sequences of steps of standard approaches application to vessel value estimation with account of professional specific of this type of the economic expertise.
           The manual for practical tasks contain the tabular forms for calculations to be filled. To carry out tasks one should copy the manual in order to fill in the forms when doing calculations on the copies.

           Initial data

           The data are processed in the tabular form (tab. A1).

Table A1

The index name

The symbol, unit of measure

Data
Data of the fishing vessel

Total cargo displacement

D

tonne

 

Cargo capacity

PG

tonne

 

Fuel stock onboard (specification)

PFL

tonne

 

Volume of refrigerator hold

W

cubic meter

 

Operational speed

υS

knot

 

Crew, including the fish processing personnel

nCR

man

 

Average annual expenses one member of crew charge (for the practical work it is set by the instructor)

cCR

thousand dollar US a year

 

Year of manufacture

-

year

 

The remained term before the expiration of the Certificate of seaworthiness

-

year

 

Daily productivity of the processed fish output at the sea

-

tonne / day

 

Distance to the ocean fishing ground

£

nautical mile

 

The duration of inter-voyage mooring in harbor

tAR

day

 

Price of processed fish product (for the condition of transfer of the catch to the harbor)

m

thousand US dollars / tonne

 

Cost of the consumed fuel for fishing vessel
(for the practical training it is set by the instructor)

29

thousand US dollars / tonne

 

Discounting rate

i

%

 
Data of the cargo vessel

Total cargo displacement

D

tonne

 

Cargo capacity

PG

tonne

 

Operational speed

υS

knot

 

Crew

nCR

man

 

Year of manufacture

year

 

The remained term before the expiration of the Certificate of seaworthiness

year

 

Distance to destination from the home harbor

£1

nautical mile

 

Distance to destination from the foreign port of departure

£2

nautical mile

 

General mileage of the marine route from the home harbor to the ocean fishing ground, from district to foreign ports, from foreign ports to the home harbor (for practical training it is recommended to accept the mileage more than £12 )

∑£

nautical mile

 

Daily productivity of cargo operations in the point of destination

qG1

tonne / day

 

Daily productivity of cargo operations in the port of departure

qG2

tonne / day

 

Daily bare boat charter rate

 

US dollar / day

 

Cost of the consumed fuel for the cargo vessel (it is set by the instructor)

29

thousand US dollars / tonne

 

Operating factor of cargo vessel capacity use
in the return trip (ranged from 0.0 to 1.0)

ηG2

 

 

Tariff rate of transportation of cargoes
from foreign ports to ocean fishing ground

m

thousand US dollars / tonne

 

Tariff rate of transportation of cargoes
from the home harbor to the ocean fishing ground

m1

thousand US dollars / tonne

 

Tariff rate on transportation of cargoes
between the home harbor and the foreign port

m2

thousand US dollars / tonne

 

           The recommended initial data are presented in tab. A2 and A3.

Table A2

Recommended initial data for the practical work on fishing vessel evaluation

Total cargo displacement D, tonne

Cargo capacity PG, tonne

Stock of fuel specification FL, tonne

Volume of the refrigerators holds W, cubic meter

Operational speed υS, knots

Crew, including the fish processing personnel nCR, man

Year of manufacture

Remained term before the expiration of the Certificate of seaworthiness, year

Daily productivity of the processed fish output reception at the sea, tonne / day

Distance to the ocean fishing ground £, nautical mile

Price of processed fish product m as the transfer to harbor, thousand US dollars / tonne

Discounting rate i, %

500

100

50

215

9.5

15

1987

5

10

450

0.7

25

600

136

68

293

9.7

18

1988

4

14

500

0.73

24

700

160

80

343

9.9

21

1989

3

18

550

0.76

23

800

183

91

393

10.1

24

1990

2

22

600

0.79

22

900

206

103

443

10.3

27

1991

1

26

650

0.82

21

1000

230

115

494

10.5

30

1992

5

30

700

0.85

20

1100

253

127

544

10.7

33

1993

4

34

750

0.88

19

1200

277

138

595

10.9

36

1994

3

38

800

0.91

18

1300

300

150

645

11.1

39

1995

2

42

850

0.94

17

1400

324

162

696

11.3

42

1996

1

46

900

0.97

25

1500

347

174

747

11.5

45

1997

5

50

950

1

24

1600

371

185

797

11.7

48

1998

4

54

1000

1.03

23

1700

395

197

848

11.9

51

1999

3

58

1050

1.06

22

1800

418

209

899

12.1

54

2000

2

62

1100

1.09

21

1900

442

221

950

12.3

57

2001

1

66

1150

1.12

20

2000

466

233

1001

12.5

60

2002

5

70

1200

1.15

19

2100

489

245

1052

12.7

63

2003

4

74

1250

1.18

18

2200

513

257

1103

12.9

66

2004

3

78

1300

1.21

17

2300

537

269

1155

13.1

69

1986

2

82

1350

1.24

25

2400

561

280

1206

13.3

72

1987

1

86

1400

1.27

24

2500

585

292

1257

13.5

75

1988

5

90

1450

1.3

23

2600

609

304

1308

13.7

78

1989

4

94

1500

1.33

22

2700

632

316

1360

13.9

81

1990

3

98

1550

1.36

21


Table A3

Recommended initial data for the practical work on cargo vessel evaluation

Total cargo displacement D, tonne

Cargo capacity PG, tonne

Operational speed υS, knot

Crew nCR, man

Year of manufacture

Remained term before the expiration of the Certificate of seaworthiness, year

Distance to destination from the home harbor £1, nautical mile

Distance to destination from foreign port of departure £2, nautical mile

Daily productivity of cargo operations in point of destination qG1, tonne / day

Daily productivity of cargo operations in port of departure qG2, tonne / day

Daily bare boat charter rate, US dollar / day

10000

6463

12.5

19

1986

1

2000

1500

1400

2000

5500

12000

7956

12.7

20

1987

2

2100

1580

1600

2190

5800

14000

9484

12.9

21

1988

3

2200

1660

1800

2380

6100

16000

11044

13.1

22

1989

4

2300

1740

2000

2570

6400

18000

12631

13.3

23

1990

5

2400

1820

2200

2760

6700

20000

14243

13.5

24

1986

1

2500

1900

2400

2950

7000

22000

15877

13.7

25

1987

2

2600

1980

2600

3140

7300

24000

17533

13.9

26

1988

3

2700

2060

2800

3330

7600

26000

19208

14.1

27

1989

4

2800

2140

3000

3520

7900

28000

20902

14.3

28

1990

5

2900

2220

3200

3710

8200

30000

22612

14.5

29

1991

1

3000

2300

3400

3900

8500

32000

24338

14.7

30

1992

2

3100

2380

3600

4090

8800

34000

26080

14.9

31

1993

3

3200

2460

3800

4280

9100

36000

27836

15.1

32

1994

4

3300

2540

4000

4470

9400

38000

29606

15.3

33

1995

5

3400

2620

4200

4660

9700

40000

31388

15.5

34

1996

1

3500

2700

4400

4850

10000

42000

33184

15.7

35

1997

2

3600

2780

4600

5040

10300

44000

34991

15.9

36

1998

3

3700

2860

4800

5230

10600

46000

36810

16.1

37

1999

4

3800

2940

5000

5420

10900

48000

38640

16.3

38

2000

5

3900

3020

5200

5610

11200

50000

40480

16.5

39

2001

1

4000

3100

5400

5800

11500

52000

42332

16.7

40

2002

2

4100

3180

5600

5990

11800

54000

44193

16.9

41

2003

3

4200

3260

5800

6180

12100

 

 

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