Market valuation of ports is carried out primarily for financial and tax reporting purposes and as can be expected are subject to corporate scrutiny. Transparency and awareness of contemporary trends related to valuations for regulatory reporting purposes is therefore a key requirement and must form the DNA of a port valuer.
Harbours can be categorised as dry bulk (such as manganese and coal terminal sites) and liquid bulk (such as gas distribution facilities, LPG gas plants and sites, molasses and cooling oil facilities) or a combination of the two (break bulk) depending on the main categories of incoming or outgoing cargo or commodities. These properties are specialised and are largely held under the custodianship of the state or parastatals and form part of national key points. As expected, they rarely come to the market for sale and are subject to all forms of moratoriums. Their valuation presents a number of problems due to lack of readily available sales market information that can be used to derive value by way of comparison. Our team of professionals, possess extensive knowledge and techniques for port valuations and are able to effectively communicate findings to clients, their auditors and regulatory authorities.
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