The question of whether the financing arrangements for the 143,000-cbm Arctic Discoverer and Arctic Voyager (both built 2006) qualified for a 25% write down allowance has major commercial implications for the vessels built to transport gas from the Statoil’s Snohvit field in the Barents Sea.
The validity of the tax allowances turned on the question of whether a main objective of the complicated transactions surrounding the financing of the two Arctic water vessels was to obtain the allowances.
Norway’s
