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Valuation Schedule
| LENGTH OF VESSEL (Overall center line Length excluding bowsprits, boomkins and similar extensions) | VALUATIONS OF VESSELS (based on age of vessel) | ||
| Under 4 | 4 thru 6 | 7 or More | |
| Under 16' | $1,000 | $700 | $400 |
| 16' but less than 17.5' | 1,500 | 1,000 | 800 |
| 17.5' but less than 20' | 3,000 | 2,000 | 1,500 |
| 20' but less than 22.5' | 5,000 | 3,300 | 2,500 |
| 22.5' but less than 25' | 7,500 | 5,000 | 3,800 |
| 25' but less than 27.5' | 10,500 | 7,000 | 5,300 |
| 27.5' but less than 30' | 14,000 | 9,300 | 7,000 |
| 30' but less than 35' | 18,500 | 12,300 | 9,300 |
| 35' but less than 40' | 24,000 | 16,000 | 12,000 |
| 40' but less than 50' | 31,500 | 21,000 | 15,800 |
| 50' but less than 60' | 41,000 | 27,300 | 20,500 |
| 60' or over | 50,000 | 33,000 | 24,800 |