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| | CITT - Appeals - Decisions - RIGEL SHIPPING CANADA INC. (Site not responding. Last check: 2007-11-04) |
 | | In order to assess the value of the Rigel vessels using the Mikhail Romm as the benchmark, it was necessary for it, first, to arrive at a common base value, taking into account the age difference between the vessels, and, second, to compare and value their particular attributes. |
 | | The Mikhail Romm's stainless steel tanks, although they represent only 50 percent of its tank capacity, warrant an increase in value when compared to ships which only have epoxy-coated tanks and which are not capable of handling the more diverse and higher-paying liquid cargo. |
 | | Because the Mikhail Romm was built in 1988, four years earlier than the Elbestern and the Emsstern and five years earlier than the Jadestern, it is necessary to calculate the value of ships, four and five years newer than the Mikhail Romm, in May 1993 when it was sold for US$12 million. |
| www.citt.gc.ca /appeals/decision/ap97045_e.asp (8880 words) |
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