VA88.0.215 – Irish Bulk Liquid Storage Limited

• Appeal Number: VA88.0.215
• Year: 1989
• Date: 10 March 1989
• Court: Valuation Tribunal
• Appellant: Irish Bulk Liquid Storage Limited
• Respondent: Commissioner of Valuation

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