Ship stuck on Bramble Bank.
Discussion
MOTORVATOR said:
Spot on Max. 56 tonne impact crusher and write off is out of the question.
The things are just a load of modular parts anyway and what will look like huge damage will more likely be the outer casings that for all intents are just there to keep the s
t and body parts out of the workings or a couple of belt conveyors that can just be unbolted and replaced.
The only people that will be talking write off will be the paddy standing on the side of the dock trying to buy it cheap.
Yes and no. How can you warranty a machine which has been under salt water for even a few days? The engine and everything will have to be stripped, and even then all the bearings will have water penetration; problems which might not show for 2 years? I suspect it will be written off, as the costs of having it stripped back to components for inspection, as well as the replacement parts, will be more than its worth, even at £50k. The things are just a load of modular parts anyway and what will look like huge damage will more likely be the outer casings that for all intents are just there to keep the s
t and body parts out of the workings or a couple of belt conveyors that can just be unbolted and replaced.The only people that will be talking write off will be the paddy standing on the side of the dock trying to buy it cheap.
Remember, written off just means that the insurer has paid for the repairs with a new machine. So it wont be scrapped, but the insurer will pay out to the manufacturer, and then sold off by the insurance co at 3/4s of the list, or whatver it makes. That way someone else takes the risk of running it with no backup.
Edited by Condi on Monday 26th January 23:32
fatboy18 said:
Hoy, don't call a Bentley environmentally nasty, thats not nice 
MOTORVATOR said:
fatboy18 said:
Anyone know if anything has been unloaded yet (apart from the crews underpants when it first went over) 
I doubt if any of the environmentally nasty stuff will be allowed to be taken off until a suitable disposal assessment is made. 
Condi said:
Remember, written off just means that the insurer has paid for the repairs with a new machine. So it wont be scrapped, but the insurer will pay out to the manufacturer, and then sold off by the insurance co at 3/4s of the list, or whatver it makes. That way someone else takes the risk of running it with no backup.
It would be very much simpler if the manufacturer could simply sell it at 3/4s list stating 'sold as seen', 'battle damage' or 'got a bit wet in that baot that half went over, you know the one in the Solent'... or whatever disclaimer is required. Pays yer money, takes yer choice, no insurance company or hordes of men with clipboards and girlies in offices required all adding to the costs and delays.Simpo Two said:
It would be very much simpler if the manufacturer could simply sell it at 3/4s list stating 'sold as seen', 'battle damage' or 'got a bit wet in that baot that half went over, you know the one in the Solent'... or whatever disclaimer is required. Pays yer money, takes yer choice, no insurance company or hordes of men with clipboards and girlies in offices required all adding to the costs and delays.
Putting aside the fact that they are LHD cars built to non-UK approved spec and assuming that JLR/JCB, etc. still actually have a financial interest in the stuff on the ship, you would still need to pay for the lawyers to draft up whatever waver any buyer would need to sign, people to administer the process, storage for the stuff which may not sell straight away, etc.Or you could just take the money from the insurer and hire in a third party company to feed the cars into a crusher for a known cost as each one is driven off the boat.
Guess which option has already been chosen.
http://www.mirror.co.uk/news/uk-news/hoegh-osaka-l...
According to several news outlets, most of the cars stayed intact and only a handful were under water.
According to several news outlets, most of the cars stayed intact and only a handful were under water.
Wonder if it was insured Third party, Fire and Flood? http://www.bbc.co.uk/news/uk-england-hampshire-310...
Video shows cars being driven off the ship.
Someone beat me to it.
Video shows cars being driven off the ship.
Someone beat me to it.
I remember some years ago being told that the unit cost of producing a typical family car (Sierra at the time i think) was something like £2k yet the sales price was 6x or 7x as much.
The difference was overheads, marketing, recouping development costs, dealer margin etc etc.
The profit figure after ALL costs were included was only £1k, or less if the manufacturer didn't hit predicted sales volumes.
Whilst the figures above may not be accurate the premise is, i.e. The 'manufactured cost' of a car is only a fraction of what it sells for.
For Land Rover to 'right off' a new car they aren't righting off its [say] £80k (?) sales value but only its production cost, which would be what £15k? - Anyone with better knowledge as to what this would be, please en-lighten us.
For a quality brand such as LR they wouldn't want to risk their reputation by selling a car that MIGHT have issues IMHO
The difference was overheads, marketing, recouping development costs, dealer margin etc etc.
The profit figure after ALL costs were included was only £1k, or less if the manufacturer didn't hit predicted sales volumes.
Whilst the figures above may not be accurate the premise is, i.e. The 'manufactured cost' of a car is only a fraction of what it sells for.
For Land Rover to 'right off' a new car they aren't righting off its [say] £80k (?) sales value but only its production cost, which would be what £15k? - Anyone with better knowledge as to what this would be, please en-lighten us.
For a quality brand such as LR they wouldn't want to risk their reputation by selling a car that MIGHT have issues IMHO
Simpo Two said:
Condi said:
Remember, written off just means that the insurer has paid for the repairs with a new machine. So it wont be scrapped, but the insurer will pay out to the manufacturer, and then sold off by the insurance co at 3/4s of the list, or whatver it makes. That way someone else takes the risk of running it with no backup.
It would be very much simpler if the manufacturer could simply sell it at 3/4s list stating 'sold as seen', 'battle damage' or 'got a bit wet in that baot that half went over, you know the one in the Solent'... or whatever disclaimer is required. Pays yer money, takes yer choice, no insurance company or hordes of men with clipboards and girlies in offices required all adding to the costs and delays.100 IAN said:
For Land Rover to 'right off' a new car they aren't righting off its [say] £80k (?) sales value but only its production cost, which would be what £15k? - Anyone with better knowledge as to what this would be, please en-lighten us.
It's more than that - manufacturing cost is typically around half the pre-tax list price. I would guess for JLR the figure might be a little higher as their volumes aren't that big.Gassing Station | Boats, Planes & Trains | Top of Page | What's New | My Stuff