Special Equipment. If the depre- ciated reproduction cost less construc- tion subsidy, if any, of any special equipment of material utility in the handling of cargo or utilization of a vessel, not otherwise taken into ac- count in determining the stated valu- ation of such vessel, is in excess of $50,000, an amount estimated by the Maritime Administration as the fair and reasonable value of such equip- ment shall be added to the stated valu- ation of such vessel.
Appears in 10 contracts
Samples: Underwriting Agency Agreement, Underwriting Agency Agreement, Underwriting Agency Agreement
