VA88.0.215 – Irish Bulk Liquid Storage Limited

CourtValuation Tribunal
Date10 March 1989
Appeal NumberVA88.0.215
Appeal No. VA88/0/215
AN BINSE LUACHÁLA
VALUATION TRIBUNAL
AN tACHT LUACHÁLA, 1988
VALUATION ACT, 1988
Irish Bulk Liquid Storage Limited APPELLANT
and
Commissioner of Valuation RESPONDENT
RE: 20 Foynes Harbour, Tideway of River Shannon Co. Limerick
B E F O R E
Mary Devins Solicitor (Acting Chairman)
Paul Butler Barrister
Brian O'Farrell Valuer
JUDGMENT OF THE VALUATION TRIBUNAL
ISSUED ON THE 10TH DAY OF MARCH, 1989
By notice of appeal dated the 24th day of August, 1988, the appellants appealed against the
respondents decision fixing the rateable valuation of the above entitled hereditament at the sum
of £560.
The hereditament consists of an industrial site of about 4 acres situated at Foynes Harbour in the
Shannon Estuary. The appellants hold the site under a 20 year lease and provide a facility for the
importation and distribution of bulk liquids. The installation comprises tanks, pipelines, a
weighbridge, boiler house and offices.
2
Following revision in 1987, the rateable valuation of the hereditament remained at £560. Of the
£560 R.V., £45 R.V. was entered in the Buildings Column and £515 R.V. relating to tanks,
pipelines, weighbridge and yard was entered in the Absolute Column of the Valuation Lists. The
parties have agreed part of the total of £560 R.V. viz; £215.00 in respect of Buildings, Yard and
Tanks Nos. 4,5,6,9,10 and 12.
What falls to be determined in this appeal is the rateability of Tanks Nos. 1,2,3,7,8,11 and 14,
pipelines and weighbridge, currently rated overall at £345.00. Quantum is not an issue in the
appeal brought by the appellants.
PRE-HEARING SUBISSIONS
Mr. Frank O'Donnell, B.Agr.Sc., M.I.A.V.I. M.I.R.E.F. of Messrs. F. O'Donnell and Company
presented his written submission dated the 23rd February, 1989.
In the course of his submission Mr. O'Donnell pointed out that the company's operation takes
place in two Bunds or Tank-Yards. The various oils and chemicals are pumped directly off ships
into either the tanks in Bund A or the tanks in Bund B.
Tanks 1,2,3 and 14 are in Bund A.
Tank No.1 is a vertical, cylindrical, steel tank with a fixed roof. It is set on a concrete
plinth and has an operational capacity of about 236,000 gallons. Unmarked oil is pumped
in at the base either directly ex ship or alternatively from nearby Tank No.2. A dye
concentrate is introduced simultaneously also at the base of the tank, and the oil is
thereby coloured to a concentration of about 1/1000. This is a controlled operation
carried out under the supervision of Customs and Excise Officers. This tank is
interconnected with Tanks 2,3, and 14 and together with these, it was designed, and is

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT