VDCTVolunteer and Donations Coordination Team (FEMA)
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We classify the type of vessel accident as either a collision (COLLISION), a fire/explosion (FIRE-EXPLOS), a material/equipment failure (MAEQ-FAIL), or a grounding accident.(11) It is unclear which type of accident will result in greater VDCT. However, the concern expressed by the NTSB [12] for fire protection on passenger vessels may suggest that greater vessel damage cost is expected in fire/explosion accidents.
Real VDCT was determined by dividing VDCT by the price index of vessel construction and repair (divided by 100).
Given that vessel accidents do not necessarily result in vessel damage cost, the distribution of real VDCT are censored, i.e., some observations are zero.