MTS Journal

2018  •  Volume 34  •  Issue 3

This issue discusses the challenges of marine appraisal, the international shipping industry, diminution of value and cost to cure, valuation of desktops and laptops, a new ASA definition for “damaged aircraft diminution in value”, and more.
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Articles from this Issue

MTS Journal Editorial

A special note from the Editor of ASA’s MTS Journal.
PAGE 4 Brad Hartsburg, ASA, CPPA, CSA

Chairman's Corner

News from ASA’s Machinery and Technical Specialties Committee.
PAGE 6 Samuel Shapiro, ASA

Governor's Bulletin

Important information and updates from MTS Discipline Governors.
PAGE 7 John Mathe, ASA and David Crick, ASA

Opportunity to Learn Marine Appraising Aboard the Queen Mary

Interview with Norm Laskay, ASA about ASA's Marine Survey course and an exciting opportunity onboard the Queen Mary in Long Beach, CA.
PAGE 9 Norm Laskay, ASA Emeritus

The Challenges of Marine Asset Appraisal

Maritime asset appraisal is a challenging balance of art and science. A marine appraiser does not have a database of comparable sales, but must have a deep understanding of the combination of terminology and market forces that comprise the marine market.
PAGE 11 Norm Laskay, ASA Emeritus

Ten Years After a Crash, the International Shipping Industry Still Looking for Balance

Important insights into the International Shipping Industry.
PAGE 13 Basil M. Karatzas, ASA

The Difference Between Diminution of Value and Cost to Cure

When an aircraft sustains any form of damage, its effect on the asset’s value must be considered. Once repaired, a stigma associated with the event may lead to value dimi- nution that follows the aircraft going forward.
PAGE 17 Anthony Kioussis

Valuation of Desktops and Laptops

One of the key elements in accurately forecasting residual values is having a thorough understanding of the current market demand for similar or like equipment.
PAGE 20 Peter Daley, ASA

Machinery & Equipment Valuation in Saudi Arabia

This article describes the beginning of Taqeem's journey in organizing the valuation profession in Saudi Arabia.
PAGE 26 Alhanouf Alabood

A Discussion of the New ASA Definition for “Damaged Aircraft Diminution in Value”

In 2018 a new definition for “Diminution in Value as it applies to damaged aircraft” was approved by ASA. The new definition also classifies diminution depreciation as a form of “economic obsolescence.” This article will explains why.
PAGE 28 Keith M. Bransky, ASA, ARM-MTS

Biases – Always Present – Rarely Acknowledged

Important insights into how and why biases are rooted into our subconscious and examples of such.
PAGE 30 John Mathe, ASA