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In 1988 a U.S. federal judge ordered Amoco Oil Corporation to pay $85.2 million in fines; $45 million for the costs of the spill and $39 million in interest. [9] In 1992, Amoco agreed to pay $230 million (equivalent to $499m in 2023). [12] The wreck is now frequently visited by leisure divers. [13]
MT Haven, formerly Amoco Milford Haven, was a VLCC (very large crude carrier), leased to Troodos Shipping (a company run by Loucas Haji-Ioannou and his son Stelios Haji-Ioannou). In 1991, while loaded with 144,000 tonnes (1 million barrels) of crude oil , the ship exploded, caught fire and sank off the coast of Genoa , Italy , killing six ...
The Amoco Cadiz oil spill took place on 16 March 1978, when the oil tanker Amoco Cadiz, owned by the American petroleum company Amoco, ran aground on Portsall Rocks, 2 km (1.2 mi) [1] [2] from the coast of Brittany, France. The vessel ultimately split in three and sank.
Cost estimation models are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.
Estimating the cost savings required to justify the purchase of new equipment. [13] Determining the cost of continuing with existing equipment. [14] Where an asset undergoes a major overhaul, and the cost is not fully reflected in salvage values, to calculate the optimum life (i.e., lowest EAC) of holding on to the asset. [15]
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
The BinaxNOW COVID-19 Antigen Rapid Self-Test Home Kit from Abbott is described as the No. 1 COVID-19 self-test on the company’s website. It retails for between $19.88 and $23.99 for two tests ...
In statistics, an estimator is a rule for calculating an estimate of a given quantity based on observed data: thus the rule (the estimator), the quantity of interest (the estimand) and its result (the estimate) are distinguished. [1] For example, the sample mean is a commonly used estimator of the population mean. There are point and interval ...