Admiralty – Allision — Damages – Fair Market Value — Yacht & Corps of Engineers VesselF.C. Wheat Maritime Corp. v. U.S. When the captain of a U.S. Army Corps of Engineers vessel fell asleep at the wheel and struck plaintiff’s 70-foot yacht, the Marquessa, docked at the pier at Ocean Marine marina in Portsmouth, the yacht was a constructive total loss based on two of three opinions in this battle of the experts, and the 4th Circuit affirms a $440,000 damage award for the fair market value of the ship at the time of loss.
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Published: December 21, 2011
Time posted: 5:09 pm
Tags: Admiralty, Allision, Damages, Fair Market Value, Yacht & Corps of Engineers Vessel