Need a salvage price = nominal minimum (also applicable if ship is a good portion of 90 years). One could beat this price in certain circumstances - i.e. owner wants or needs to get rid of - and can't scrap themselves for logistical or other reasons.
BTW: A good starting point for a used 'blue book' value can be based on the average remaining loan value (principle - assume 100% financed).
BTW: A good starting point for a used 'blue book' value can be based on the average remaining loan value (principle - assume 100% financed).
