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Double-Hull Tanker Legislation An Assessment of the Oil Pollution Act of 1990 (1998) / Chapter Skim
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Appendix J
Pages 187-190

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From page 187...
... x I/1 - (1 + i) -sp Or Or iSpecial surveys are required every five years by classification societies and will apply whether the shipowner is operating under the International Maritime Organization Regulation 13G or the Oil Pollution Act of 1990 (P.L.
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From page 188...
... OChb~ is the operating cost of the tankers with reduced capacity due to HBL, SS is the special survey cost. CAPhb~ is the capital cost associated with HBL, assumed to be zero.
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From page 189...
... Alternatively, if the actual special survey cost is lower than the break-even special survey cost, the owner would opt to continue operating the single-hull tanker for another five years. Data used in cost calculations for the international trade in Chapter 4 and the Jones Act trade in Chapter 5 are provided below in Tables J-1 and J-2, respectively.
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Key Terms

  • survey cost
  • carrying capacity
  • discount rate
  • existing vessel
  • annualized cost

  • special surveys
  • capital costs
  • jones act
  • existing tanker
  • annualized equivalents

  • scrap value
  • deepwater port
  • cost calculations
  • operation delays
  • hydrostatically balanced

  • reduced carrying
  • act vessel
  • capacity due
  • act trade
  • actual special

  • pollution act
  • annual discount
  • life remaining
  • maritime organization
  • international convention

  • difficult factor
  • analysis simplifies
  • vessel analysis
  • international maritime
  • reduced capacity


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