commiss decis octob state aid award franc société national maritim cors méditerrané sncm notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant articl ec treati articl council regul ec march lai detail rule applic articl ec treati introduct schedul maritim transport servic port mainland franc corsica provid public servic french state entrust public undertak oper maritim servic corsica date sncm société national maritim cors méditerrané cmn compagni méridional de navig current concess holder servic pursuant agreement conclud period year corsican region author collectivité territorial de cors author respons guarante public servic public servic concessionari network sncm schedul maritim servic algeria tunisia high season april septemb sardinia open network sncm offer passeng transport servic franc itali subsidiari corsica marittima januari pursuant council regul eec decemb appli principl freedom provid servic maritim transport member state maritim cabotag free provis regular cabotag servic island mediterranean except greek island applic commun shipown oper vessel regist member state fly flag member state commiss receiv complaint privat oper subsidi award sncm return cost public servic oblig main thrust complaint public fund provid maritim transport servic concessionari network notabl intern maritim connect franc itali overcompens cost link public servic provid order studi inform brought attent pursuant provis articl treati commiss initi investig procedur present final decis procedur complet close case procedur case februari april commiss receiv complaint aid compani corsica marittima subsidiari sncm receiv french state transport passeng franc itali genoa bastia livorno bastia rout letter decemb commiss notifi franc intent initi procedur provid articl treati examin compat aid common market letter march french author forward comment decis commiss decis publish offici journal european commun public commiss receiv comment privat oper competit compani sncm group comment forward franc provid opportun make observ case initi abovement procedur commiss receiv complaint time denounc excess amount aid compar cost public servic oblig fulfil sncm compens financ activ corsica marittima letter februari commiss notifi franc decis initi procedur pursuant articl treati assess aid measur link compens public servic oblig provid sncm commiss decis publish offici journal european commun commiss receiv comment interest parti french author commun comment decis comment parti letter date april septemb addit inform form account data forward franc june commiss offici accompani independ auditor verifi data sncm headquart juli market issu total million passeng travel corsica mainland air sea million sea million air take ship line mainland franc corsica total number passeng approxim million million travel schedul intern link ship compani oper servic island mainland port franc marseil toulon nice ten italian port share passeng carri sea framework public servic million includ ajaccio bastia calvi île rouss porto vecchio propriano passeng transport market maritim connect corsica mainland franc repres traffic mainland mainland franc itali essenti corsica freight transport provid context territori continu except cement hydrocarbon divid equal sncm ferri passeng cargo vessel cmn passeng cargo vessel amount net tonn enter left corsica traffic divid bastia tonn ajaccio tonn porto vecchio account fewer tonn sncm group sncm ferryterrané state own hold compani cgmf sncf group subsidiari maritim transport sector sncm ferryterrané passeng vehicl transport hand cargo transport concentr major network corsica network line mainland franc corsica intern network line mainland franc north africa group sncm oper public maritim servic corsica south mainland franc schedul maritim servic algeria tunisia french port sncm oper season line sardinia activ corsica marittima subsidiari sncm concentr transport passeng franc itali rout genoa bastia livorno bastia sncm fleet consist car ferri high speed vessel hsv ro ro mix passeng cargo vessel line corsica mainland french port concern end sncm market share passeng transport segment freight segment data suppli commiss sncm lost market share point passeng vehicl corsica network gt tabl gt gt tabl gt gt tabl gt salient featur maritim traffic corsica mainland season imbal passeng traffic fluctuat dramat summer winter period tradition month juli august account year traffic mark variat school holidai period weekend middl end week addit season variat traffic flow balanc direct volum vari wide north south south north direct begin end week concentr traffic short time span problem vessel made oper line meet demand servic provid middl low season scant interest oper organis maritim servic legal framework servic corsica carri system partli regul french law context nation cabotag monopoli state paid compani provid servic lump sum subsidi balanc account return fulfil public servic requir port serv regular frequenc capac servic fare appli vessel crew franc redefin condit provid public maritim transport servic corsica basi territori continu principl principl aim limit drawback insular ensur island serv wai close pure mainland connect concess scheme set set specif lai public servic framework framework agreement conclud sncm cmn period year agreement expir decemb french govern establish procedur provid servic base framework agreement law juli transfer manag territori continu contractu framework french state corsican parliament subsequ law confer statu territori commun corsica corsican region author grant total jurisdict servic island parliament time servic organis offic de transport de la cors otc year agreement conclud otc concessionari compani legal basi year agreement framework agreement agreement wai public servic perform period defin principl payment lump sum subsidi budget territori continu return oblig impos public servic oblig pso maritim servic public interest french mainland port corsica initi set agreement march framework agreement annex specif document port serv number servic provid season quantit indic number passeng freight capac vessel perform servic initi specif distinguish perman servic sncm provid year supplementari servic provid thirteen week summer season framework agreement establish number connect offer line serv revis decis public author public servic fare establish public author refer fare travel accompani vehicl freight set société national de chemin de fer françai sncf french nation railwai sncm propos draft timet servic modifi approv public author decis size fleet ferri cargo vessel assign public servic public author specif annex framework agreement give detail fleet assign servic pursuant articl specif sncm authoris vessel assign public servic line concessionari servic limit compat servic law grant corsican parliament complet jurisdict organis servic island implement otc year agreement conclud otc sncm greater detail accord principl framework agreement wai public servic oper agreement forc period basic public servic transport passeng accompani vehicl winter period cross week ajaccio marseil nice cross week bastia marseil nice cross week balagn marseil nice intermedi autumn spring period cross week marseil toulon port ajaccio bastia cross propriano cross week nice high speed passeng craft port bastia balagn summer period week basic cross marseil toulon ferri cross week ajaccio cross week bastia cross week propriano basic cross nice high speed passeng craft cross week port bastia balagn cross week accord claus iii agreement period freight share public servic sncm respons french mainland port corsica carri ro ro cargo vessel car ferri servic includ cross involv major port cross week marseil bastia provid sncm cross week marseil ajaccio provid sncm involv department port cross week marseil porto vecchio cross week marseil balagn propriano provid sncm schedul servic claus viii agreement sncm draw draft timet car ferri applic high speed passeng craft summer period winter period interven autumn spring period submit otc approv basi statist data take account transport capac fleet assign public servic agreement tabl offer comparison public servic oblig set agreement servic provid sncm agreement gt tabl gt gt tabl gt point size sncm fleet design offer suffici transport capac public servic oblig capac greatli exce number passeng car volum freight transport sncm load ratio type transport low stem natur public servic base logic territori continu logic presuppos suffici mean maritim transport moment year corsican port mean capabl respond highli irregular demand recit state financi contribut consider public servic oblig defin agreement sncm receiv annual subsidi state amount fix year amount revis year gross domest product market price inform analyt account sncm requir provid amount annual territori continu subsidi award sncm period million french franc gt tabl gt term articl agreement annual subsidi award form equal monthli instal subsidi paid sncm submit result previou financi year approv state financi offic repay ow sncm deduct instal instal current financi year arrang adjust instal provid addit payment made state subsequ agreement provid penalti basic number cross made sncm year exce basic number cross provid agreement award author notifi sncm withhold lump sum payment territori continu case signific incid caus interrupt public servic ownership fleet annex ii agreement detail composit sncm fleet assign public transport servic car ferri high speed passeng vessel ro ro cargo ferri public author intervent determin size fleet relat capac judg agreement stipul quot autumn sncm otc hold talk adjust servic size fleet depend traffic forecast year result season finish order obtain averag load coeffici vessel summer season quot tabl show evolut passeng fleet capac year passeng transport unit capac gt tabl gt agreement system conceiv agreement base stipul vessel acquir provid public servic belong sncm subject claus return concessionari author concess scheme conceiv provid specif remuner concess holder hand remain owner invest audit arrang arrang introduc sncm requir submit analyt account relat concessionari servic year articl framework agreement claus vii year agreement distinct drawn account hand ferri high speed passeng craft hand ro ro cargo vessel freight transport account firstli permit distinct drawn concessionari servic maritim servic supplementari activ establish procedur approv state financi offic articl decre septemb stipul sncm forward otc document account concessionari servic territori continu head inform need comprehens structur charg activ concessionari network pass year agreement stipul sncm present report year otc outlin made annual lump sum award receiv basi previou year activ includ inventori servic provid otc entrust consult mr paul ménestrier monitor sncm account territori continu lump sum award previou financi year final sncm subject econom financi supervis state condit appli public undertak laid decre aid measur examin case case concern oper sncm ferryterrané group intermediari subsidiari corsica marittima corsica marittima administr staff leas sncm vessel crew number hour date end march begin septemb order oper servic corsica mainland itali rental paid corsica marittima credit concessionari network initi investig procedur commiss identifi type aid mean articl treati financ corsica marittima oper loss parent compani sncm low rental paid corsica marittima sncm leas vessel crew need oper case case concern overcompens state cost public servic oblig link maritim servic corsica born sncm overcompens result excess level subsidi grant agreement recit give rise misus public servic subsidi financ sncm activ market open competit investigatori procedur question initi commiss examin addit financi compens frf million award annual sncm year period french author approv novemb addit compens award subsequ form rider agreement forc cover period amount frf million ad annual sum frf million franc laid section iv agreement territori continu lump sum award comment interest parti case comment privat oper commiss receiv comment privat oper competit concess holder emphasis point sncm corsica marittima poor manag fact compani oper competit market subsidi parent compani receiv cover public servic oblig extrem aggress price polici appli corsica marittima competit market heavi oper loss italian tour oper offer drastic reduct fare offici publish corsica marittima fact report mr ménestrier establish quot free network quot oper sncm loss make emerg analysi perform mr ménestrier sncm financ oper loss subsidiari corsica marittima budget quot territori continu public servic network quot suppli subsidi french state comment french author letter march french author forward comment initi procedur primarili author contest exist state aid financ corsica marittima sncm french author point agreement sncm otc set applic rule cost make maritim equip concessionari network authoris encourag concess holder deploi vessel territori continu fleet network concessionari network french author sncm made econom ration choic leas vessel subsidiari corsica marittima respond demand transport corsica mainland cost rental paid corsica marittima broadli cover margin cost vessel remain unus leav vessel unus depriv sncm resourc rental constitut addit incom gener activ open competit benefit concessionari network regard corsica marittima loss creation french author observ sncm decis pursu oper contrari principl market economi strateg aspect justifi exist loss year commerci invest oper reason consolid manner corsica marittima loss made essenti year loss period occur corsica marittima result posit time french author conclud leas vessel subsidiari corsica marittima period low traffic rate cover total cost sncm behav entrepreneur conscious seek optimis fleet year final french author provid data sncm analyt account show result free network activ enabl corsica marittima loss cover sharp drop traffic comment sncm letter april sncm produc extract analyt account year extract report mr ménestrier year document sncm submit comment contest mr ménestrier analysi opinion compani analyt account sncm note complain case enjoi domin posit maritim transport passeng servic market corsica itali corsica marittima oper gener fare charg corsica marittima privat individu travel agenc servic market close complain price offer italian tour oper market price rang case comment privat oper commiss receiv comment privat oper competit sncm corsican line comment stress consider form basi complaint forward place commiss territori continu system introduc franc constitut obstacl form trade network franc itali system direct effect promot connect mainland franc port marseil nice toulon detriment connect italian port closer corsica sncm establish public servic oblig competitor appear season promot fare decid public author provid agreement addit frequenc servic decis port serv transport capac practic left sncm maritim servic corsica territori continu servic princip govern fleet capac natur size sncm fleet determin content public servic oblig revers sncm acquir put servic vessel provid public servic neg opinion otc award author aid award sncm exce amount need carri public servic task overcompens inher structur annual territori continu award overcompens reveal inclus cost complet extern public servic oblig compens award nation parliament hear corsican offici respons identifi compon excess cost point excess cost impos sncm systemat choos french yard shipbuild cost social coverag docker port marseil set fund award territori continu scheme competitor state staff alloc public servic cost compar servic requir final comment receiv question system constitut fleet assign public servic set agreement denounc fact end concess period fleet constitut territori continu award total dispens oper servic corsica capit gain sncm made vessel financ award regist account territori continu network call free network comment french author french author forward comment letter date june order justifi public servic provid maritim connect corsica french author begin state respons maintain continu link mainland island territori continu polici polici aim reduc drawback insular seek integr corsica effect european area french author point territori continu polici call level maritim transport servic shipown assum extent condit commerci interest precis french author stress specif featur maritim servic corsica led public author interven organis transport earli particip financ provid suffici regular ship servic order organis rationalis servic specif featur low level maritim traffic mainland franc corsica season imbal passeng traffic high transport capac requir summer period rest year dissymmetri traffic traffic balanc equal direct volum vari sharpli direct north south south north season begin end week servic concern high number port relat exist traffic serv secondari port account total tonnag regard essenti territori manag reason french author emphasis compani respons public maritim transport servic corsica benefit exclus arrang oper line corsica interest exploit real econom interest major line high season season line notic shortag regular transport servic compar public servic oblig public author fulfil french author evok oblig ensur fleet capabl number type vessel crew deploi cope larg capac requir small part year highli variabl traffic author averag annual load coeffici vessel assign public servic low averag mark variabl coeffici damag carrier oper financi compens competit market maintain fleet capabl meet public servic oblig entail substanti structur cost resourc consider period year addit physic featur corsican port limit size vessel bastia make specif ferri mandatori determin composit fleet final french author point invit tender open european maritim oper corsican servic end year encourag tender forward oper franc itali limit amount interest shown illustr difficulti guarante servic island compli wish public author econom financi condit accept privat oper contribut public fund french author claim conclud public servic contract enabl obtain transport servic meet specif requir time ensur exist programm provid public suffici servic met standard continu regular capac qualiti fix fare condit categori travel suffici transport capac guarante public servic year season imbal dissymmetri traffic moder fare fix principl territori continu balanc port serv major port north south island secondari port independ econom viabil connect secur servic contract permit vessel need guarante continu servic technic stoppag oper incid unpredict bad weather lastli french author point articl regul eec exist public servic contract member state remain forc expiri date assess aid pursuant articl treati quot aid grant member state state resourc form whatsoev distort threaten distort competit favour undertak product good affect trade member state incompat common market quot make public monei sncm constitut doubt state aid sncm oper engag provis intern maritim transport servic decemb maritim transport member state member state countri open oper refer articl council regul eec decemb appli principl freedom provid servic maritim transport member state member state countri amend regul eec decemb aid grant undertak transport passeng freight franc countri includ itali affect trade member state threaten distort competit confirm presenc aid mean articl treati recal sncm ferryterrané group oper intra commun connect direct competit oper corsica ferri mobi line happi line tri lauro saremar freight traffic north african countri competit european oper gener speak case law state financ aim compens addit cost aris public servic oblig constitut measur fall articl treati case financ corsica marittima activ franc itali connect free network partli financ subsidi award state sncm public servic oblig concessionari network notif requir accord regul ec aid award sncm januari latest constitut aid subject requir prior notif commiss except rule maritim transport sector applic undertak receiv aid benefit exempt competit rule provid articl treati assess compat aid compat state aid common market aid prohibit specif exempt provid treati appli exempt grant pursuant articl articl treati aid award sncm territori continu subsidi fall exempt provid articl treati aid social charact grant individu consum aid make good damag caus natur disast except occurr aid grant economi area feder republ germani aid benefit exempt refer articl treati aid question intend promot execut import project common european interest remedi disturb economi member state mean articl treati aim promot cultur heritag conserv refer paragraph aid question qualifi region develop aid pursuant articl part multisector aid scheme open region undertak sector concern guidelin nation region aid aid regard aid facilit develop activ refer abovement subparagraph aid question intend cover oper cost specif maritim oper part gener plan render beneficiari undertak econom financi effici recours aid articl treati state quot undertak entrust oper servic gener econom interest subject rule contain treati rule competit applic rule obstruct perform law fact task assign develop trade affect extent contrari interest commun quot accord case law provis lai derog rule interpret restrict suffici respect compani question entrust public author oper servic gener econom interest applic rule treati specif articl obstruct perform task assign compani interest commun affect order assess subsidi paid sncm agreement qualifi exempt refer articl treati commiss turn verifi servic manag entrust sncm qualifi servic gener econom interest qualif presuppos insuffici schedul transport servic left market forc examin amount subsidi award sncm context public servic oblig maritim servic corsica match excess cost born sncm satisfi fundament requir public servic contract commiss establish commun guidelin state aid maritim transport condit state aid award exchang fulfil public servic oblig consid compat common market justif public servic articl regul eec defin public servic oblig quot oblig commun shipown question commerci interest assum assum extent condit quot accord commun guidelin state aid maritim transport quot public servic oblig impos schedul servic port serv peripher region commun thinli serv rout consid vital econom develop region case oper market forc ensur suffici servic level quot addit treati amend treati amsterdam take special natur island region consider condit set paragraph articl special natur island region acknowledg declar island region annex final act treati amsterdam commiss contest call territori continu polici franc implement time oblig public author examin ensur suffici schedul maritim transport servic passeng good corsica meet econom social develop requir island region commiss note histor object legitim public interest achiev interplai market forc late sncm enjoi de facto monopoli line concern inform commiss privat oper corsica ferri open market competit serv island nice high speed vessel summer month servic subsequ extend manner toulon bastia line decemb cross week season cross week season toulon ajaccio line april cross week season cross week season nice bastia line juli cross week season march cross week season nice calvi line juli cross week season march cross week season nice ajaccio line april cross week season agreement conclud state sncm period year aim precis remedi proven lack schedul maritim transport servic mainland franc corsica permit compens cost connect deficit record compani satisfi oblig accord legal framework provis agreement sncm subject rout seri oblig port serv voyag frequenc time departur arriv type vessel fare charg oblig compani assum assum extent condit act sole commerci interest compet oper fulfil requir annual regular frequenc servic provid agreement scheme passeng good transport presenc privat oper limit number line part year satisfi public servic requir deem french public author context note framework implement regul eec commiss consid legitim impos oblig period cover low high season order avoid risk shipown cream market oper summer leav oper charg public servic oblig profit line commiss conclus absenc competit observ french author year agreement conclud justifi provid public servic framework agreement scheme system introduc french author set agreement annex agreement precis rule govern continu regular capac fare carrier respect order provid public servic year agreement determin basic connect constitut maritim transport public servic stipul servic timet period provid submit good time prior approv otc final vessel assign public servic identifi agreement regard addit financi compens approv novemb commiss note rider agreement take account chang public servic decid public author consist increas servic provid sncm provis rider compli framework agreement year agreement part ii articl reason comment parti effect sncm fix public servic oblig pertin point maritim transport corsica market subject great deal competit addit perman competit air transport receiv subsidi maritim competit fierc itali schedul servic port livorno savona corsica servic french mainland port concern market evolv significantli recent year extent public servic oblig line year question data observatoir régional de transport de la cors growth suppli summer servic french line result princip success open competit nice toulon line put servic maritim transport vessel meant number cross offer tripl number seat offer increas progress volum summer servic offer due open competit lead restructur summer servic share traffic oper detriment sncm seat offer mainland franc corsica gt tabl gt seat offer mainland franc corsica gt tabl gt light data commiss conclus real public servic result servic system provid framework agreement sign state sncm framework agreement year agreement conclud otc sncm extrapol deadlin decemb date framework agreement expir conclus support french author intent reduc date level public servic oblig impos match compens public servic cost absenc call tender regard public servic contract maritim transport sector commiss consid public procur transpar discriminatori procedur reimburs oper loss incur direct result fulfil servic gener econom interest pursuant articl treati compris overcompens remain compat common market present case call tender result financi compens compris oper aid incompat common market lump sum charact subsidi french author territori continu award lump sum award oper cost invest cost true terminolog claus iv agreement defin subsidi quot territori continu lump sum award quot part claus iv stipul quot econom condit oper cost traffic level serv basi calcul subsidi deterior substanti sncm otc studi measur implement servic fare rais amount award order establish financi equilibrium compani quot commiss opinion possibl upwardli adjust subsidi order offset financi imbal connect dispar real oper cost cost serv basi calcul subsidi evid subsidi lump sum addit financi compens part ii year agreement articl possibl chang distribut connect provid sncm public servic agreement offic de transport de la cors depend forecast demand long total number connect fall total number basic connect mention agreement part agreement otc sncm refund rebat fare charg refund rebat give rise financi compens favour compani french author explain rider agreement decid novemb order award addit financi compens frf million sncm result chang public servic oblig consist increas level servic provid sncm provis rider compli agreement french author extra cost connect chang give rise charg put servic addit servic ferri île de beauté low mid season period cost frf million step frequenc servic provid agreement ajaccio cost frf million reduct cross fare stipul agreement cost frf million île de beauté ferri made request otc increas back vessel hsv connect nice autumn spring decis charg reduc fare made otc execut council corsica order step traffic south north direct begin summer north south direct end summer amount addit financi compens account order assess total amount subsidi award match extra cost engend public servic oblig match total subsidi public servic cost commiss examin amount subsidi match cost sustain sncm satisfi fundament requir public servic contract requir question set specif annex year agreement thing specif determin servic provid number connect port serv fare charg timet respons sncm annex agreement determin technic specif capac number vessel assign public servic oblig expect evolut fleet expiri agreement respect commun guidelin state aid maritim transport point addit cost member state reimburs oper provid servic public servic oblig contract directli connect calcul deficit record oper occas account separ servic type permit verif overcompens cross subsidi system support ineffici manag oper method basi audit arrang provid agreement french author financi compens question calcul oper account compani basi take account real cost carri public maritim transport servic provid sncm addit april author provid report prepar independ consult breakdown sector quot concessionari network quot quot activ quot sncm analyt result analysi consult subsidi sncm receiv state offset oper deficit corsica network net result concessionari network deficit year cover analysi time august complain submit report consult profit french cabotag line corsica commiss conclus report question amount subsidi sncm receiv state addit commiss attent drawn occas report prepar mr paul ménestrier auditor otc monitor territori continu lump sum award inform receiv report french court auditor analys manag sncm period detail examin appar contradictori document data led commiss call consult studi charg criteria appli throw light appar contradict audit consult intend examin overcompens cross subsidi link subsidi award french state sncm period scope studi request commiss limit question state aid mean articl treati analysi aim serv question conclus report drawn nation region audit bodi context purpos expert hire commiss examin analyt account sncm compani annual account report sncm otc mr ménestrier report report prepar consult hire french author offer explan note dispar report give opinion report drawn consult hire complain concern commiss expert opinion studi base larg extent theoret model found work hypothes remot specif case sncm reason imposs compar figur model sncm account report make conclud overcompens conclus kind presuppos examin compens paid compar real cost sncm context research carri author confin show condit work hypothes valid compani entrust manag public servic make profit regard report drawn consult hire french author appear report refer specif financi year financi year consid repres variabl oper condit observ decad regard number passeng transport polit social occurr signific impact compani result arriv conclus overcompens favour sncm connect subsidi receiv agreement basi data confin financi year final expert hire commiss examin criteria alloc cost activ sncm connect public servic servic corsica intern trade freight passeng traffic franc north africa subsidiari corsica marittima distinguish direct cost account natur directli attribut subsidiari sncm ferryterrané group case sncm oper activ corsica network intern network structur charg common enterpris activ group case direct cost separ compani activ account guarante transpar alloc cost link provis public servic group common structur charg alloc flat rate basi subsidiari branch activ includ provis public servic charg number repres oper charg group administr servic distribut network concern corsica intern import head charg relat fleet manag structur commiss suppli technic expens cater expens attribut vessel proport facil charg quot corsica quot oper includ region offic corsica agenc nice bastia ajaccio manag hangar nice commiss travel agent commerci inspect cost attribut number reserv destin quot mainland agenc quot charg pari nanci lill brussel distinguish cost agenc activ cost commerci inspect network attribut number reserv destin charg quot north africa quot oper directli attribut network concern quot maritim oper quot structur charg expenditur public campaign attribut directli network concern quot port agenc marseil quot structur charg divid passeng freight charg distribut network number reserv record charg relat compani structur central offic overhead manag expens distribut pro rata basi net incom oper incom commerci expenditur network basi account manag data put forward french author expert hire commiss believ asset liabil profit loss account item present compon public servic cost correspond precis activ cost charg intern network commiss conclud public servic subsidi serv compens cost competit activ perform sncm separ account relat provis servic audit carri region nation audit bodi guarante annual account plot territori continu subsidi provid faith imag cost provid public servic audit result take account detail opinion expert hire commiss independ criteria appli breakdown analyt account layout aggreg result tax quot corsica fleet quot activ emerg account manag data provid french author reflect sncm cost provid public servic opinion accompani comment inclus capit charg cost make vessel concessionari network capit charg year agreement forc capit charg includ financi charg connect financ acquisit vessel calcul invest appli net rate chang price gross domest product straight line depreci vessel calcul invest linear manner durat year passeng ferri ro ro cargo ship period year high speed passeng craft leas hire charg capit charg depreci interest maintain period ship length life calcul depreci context commiss point commun guidelin state aid maritim transport state amount subsidi award compens public servic oblig account quot reason return capit emploi quot case year agreement capit gain made period vessel sold lead capit gain frf million sale aud frf million sale mont stello frf million sale esterel total frf million capit gain made vessel deploi part corsican fleet charg sncm free network activ analyt account true contraven agreement otc sncm agreement provid regard agreement provis effect commiss opinion econom standpoint assign capit gain cessat activ activ sustain invest cost corsica network vessel question prioriti provid public servic purchas fulli depreci period cover agreement financ depreci vessel born public servic reason commiss gener conclus base opinion expert overcompens account correct absenc overcompens tabl summaris reconcili account carri expert hire commiss cost chargeabl public servic oper deficit capit charg chargeabl compani activ level relat subsidi paid summari tabl year tabl correspond consolid account group expert hire commiss check concord figur analyt result account social account result account account present sncm report otc account mr ménestrier report otc gt tabl gt take account commiss conclus period examin agreement sncm incom manag public servic provid maritim servic corsica includ subsidi receiv exce report charg connect public servic analysi expert hire commiss corsican fleet result remain substanti deficit frf million includ capit gain made vessel amount frf million net result remain neg frf million come conclus commiss give opinion cost public servic oblig excess court instanc point quot absenc commun rule govern matter commiss power posit organis scale public servic task assign public undertak expedi polit choic made regard compet nation author quot limit provid articl treati member state determin level public servic requir mean provid servic corsica marittima activ financi year result corsica marittima activ depend level rental fix parent compani show net loss loss amount approxim frf million reconcili account carri expert hire commiss show result intern network activ permit loss cover appear absenc compens public servic cost financ corsica marittima activ sncm financ subsidi paid public servic oblig addit claus iii annex agreement sncm otc stipul quot sncm endeavour reduc burden vessel territori continu repres requir concessionari servic deploi extern connect order seek match suppli demand adapt cost public servic transport requir result voyag made extern connect territori continu fleet vessel credit concessionari network extern connect carri sncm subsidiari territori continu fleet vessel remuner form charter contract voyag quot otc authoris transfer vessel network sncm make vessel subsidiari corsica marittima need public servic remain unus car ferri middl week cargo vessel saturdai lunchtim sundai even announc procedur case recit initi commiss examin calcul method sncm fix charter rate bill corsica marittima examin carri commiss appear case hsv rental charg subsidiari cover complet cost charter vessel case mix cargo car ferri rental lower full charter cost higher margin oper cost true rental fee set enabl sncm show profit frf million leas ship corsica marittima analyt account period profit help compens partli cost public servic credit concessionari network sncm account leas help compens sncm expenditur case incur sncm act econom ration leas vessel subsidiari corsica marittima leav ship unus depriv resourc deriv rental investor market economi sought resourc asset kind possess condit fact leas ship subsidiari permit sncm compens cost public servic exclud possibl leas procur advantag corsica marittima rememb sncm state own compani import part activ servic corsica mainland financ public subsidi sfei judgment court justic observ provis logist commerci assist compani subsidiari exercis activ open competit constitut state aid mean articl treati consider receiv return lower call normal market condit examin situat point view subsidiari corsica marittima case determin hire ship price obtain normal market condit order check rental question satisfi condit econom analysi account fact undertak act normal market condit consider fix remuner servic provid commiss examin rental fee charg sncm correspond market rate leas ship similar subsidiari recent year refer data suppli commiss permit conclud corsica marittima hire similar vessel condit advantag offer parent compani data distinguish quot bare boat quot leas addit cost commiss fit vessel question appear calcul method sncm work charter price includ cost commiss vessel french flag includ cost insur mainten accident damag excess share financi charg depreci vessel question expert consult commiss point oper act normal market condit mediterranean leas similar vessel markedli lower price fix sncm commiss vessel cheaper flag data confirm consider receiv sncm leas vessel compar ask privat investor oper similar condit conclus commiss observ price hire vessel fix sncm advantag subsidiari aid element mean articl treati gener standpoint coverag corsica marittima loss sncm appropri extend activ subsidiari present neg result french author argu favour strateg aspect take posit market tradit liberalis cabotag mediterranean area strategi account prospect increas competit traffic head corsica fact futur public servic agreement limit durat term commerci invest corsica marittima loss period question frf million modest compar turnov intern network sncm ferryterrané period frf million total amount rental paid corsica marittima permit group obtain incom margin asset remain underutilis take account corsica marittima activ part logic group compani pursu structur global sector polici guid long term outlook final commiss awar abnorm practic corsica marittima activ market complain denounc compani aggress price polici polici correspond legitim strategi compani enter market establish introduct high speed vessel hsv competit market maritim connect corsica itali fare charg corsica marittima higher market averag basi inform obtain sncm volum transport corsica marittima period low averag turnov corsica marittima period frf million market share exce proportion aid exempt provid articl treati subject condit aid proport develop trade affect extent contrari interest commun end examin carri commiss clear system agreement introduc led overcompens cost public servic render sncm examin disclos number undesir effect stem agreement system affect trade futur regard wonder logic public servic requir larg fleet surplu requir larg part year encourag develop ancillari activ corsica itali servic argu system agreement extent made activ corsica marittima doubtless obtain resourc procur ship sncm condit agreement state sncm expir decemb french author prepar public servic contract guarante continu servic term articl regul eec member state conclud public servic contract discriminatori basi respect commun shipown corsican region author launch call tender contract award public servic maritim transport passeng marseil corsican port period januari decemb french author propos contract concern limit public servic oblig past commiss note increas servic offer summer due competit lead restructur summer servic share traffic oper detriment sncm complain market neg affect territori continu fleet redeploi connect corsica sncm chosen fulfil public servic oblig agreement forc expir compani oblig find altern solut part fleet surplu requir ownership fleet fleet servic concern vessel part territori continu fleet purchas fulfil transport requir determin public author respons sncm assum risk sncm financ remain respons repai loan contract end appear substanti part invest cost enter remain sncm respons decemb situat consequ invest polici pursu recent year characteris introduct high speed vessel put servic ferri napoléon bonapart emerg commiss examin account financi resourc obtain sncm agreement insuffici fulfil financi oblig invest repay loan sncm continu shoulder expiri date present agreement demonstr sncm longer benefit subsidi award longer face capit charg inher invest made order guarante public servic overs fleet compromis length life condit commiss note system set agreement procur unlaw advantag sncm respect reason commiss consid invit french author view monitor effect aid question date expiri public servic contract forc inform date scheme public servic corsica enter forc territori commun corsica implement current agreement expir measur plan adapt sncm structur market condit conclus light preced develop commiss note doubt compat aid paid sncm framework year agreement resolv extent aid award sncm exceed cost sustain compani provid public maritim servic corsica establish public author conclud cross subsidi favour subsidiari corsica marittima addit commiss examin shown rental paid compani fix line market condit french author inform commiss measur expiri agreement structur adapt sncm market condit result applic articl regul eec adopt decis articl aid paid franc société national maritim cors méditerrané year agreement conclud offic de transport de la cors compens public servic oblig compat common market articl cover corsica marittima loss sncm condit leas vessel subsidiari element state aid mean articl treati articl date entri forc contract award public servic connect corsica franc inform commiss measur structur adapt sncm market condit result applic articl regul eec articl decis address french republ brussel octob commiss loyola de palacio vice presid oj oj oj oj oj group made compani cght subsidiari sudcargo sara sotramat ferrytour mcm cofremar corsica marittima sncm germani navitel cmn someca sitec esterel group account purpos decis term quot sncm quot mean compani carri activ term quot sncm ferryterrané quot refer group includ subsidiari mention footnot addit rout genoa bastia livorno bastia corsica marittima oper rout bastia island elba livorno porto vecchio bonifacio teresa sardinia genoa tunisia livorno porto vecchio genoa tunisia report offic de transport de la cors otc suivi de la dotat forfaitair de continuité territorial juli tourist constitut approxim maritim passeng traffic resid constitut remain sourc direct régional de équipement law juli confer special statu region corsica law confer statu territori commun corsica claus condit remain forc year agreement conclud otc provis step servic period school holidai long weekend agreement period high speed vessel servic step addit connect forecast demand cross provid compagni méridional de navig number seat passeng agreement figur extrapol take account number impos cross capac vessel design public servic sourc sncm audit account condit govern state financi contribut claus iv year agreement sncm otc period ro ro ferri transport passeng addit genoa bastia livorno bastia rout corsica marittima oper rout bastia island elba livorno porto vecchio bonifacio teresa sardinia genoa tunisia livorno porto vecchio genoa tunisia decis novemb manag board offic de transport de la cors otc file quot clandestin price cut corsica marittima quot suppli commiss agreement period hear mr piazza alessandrini chairman offic de transport de la cors otc nation parliament fact find mission corsica april report otc inspector analysi made mr ménestrier contest sncm recit comment receiv refer resal esterel indemn paid insur compani total loss mont stello reach direct marseil ajaccio week august port limit vessel long oj sncm oper corsica french mainland context agreement consid maritim cabotag schedul passeng transport servic ferri transport french coast open oper januari pursuant regul eec oj countri concern tunisia algeria maritim relat franc govern long time share cargo agreement nation maritim compani agreement cancel make traffic liberalis case algeria case tunisia judgment court instanc european commun februari fédération français de société assur ffsa al commiss ecr ii point judgment court justic european commun june aid coopér export du livr françai celf ecr oj abovement judgment quot ffsa quot point abovement judgment quot ffsa quot point judgment court justic decemb merci convenzionali porto di genova ecr point judgment court justic februari asociación profesion de empresa naviera de línea regular analir al administración gener del estado ecr point abovement judgment quot analir quot point includ marseil porto vecchio propriano bastia ajaccio balagn toulon propriano bastia ajaccio nice bastia calvi ajaccio évolut structurel de offr quot passag quot sur le lign maritim français saison document date april hsv seat recit paragraph section commun guidelin state aid maritim transport commiss decis juli case spain maritim public servic contract publish offici journal august case itali gruppo tirrenia di navigazion oj pwc report entitl quot analysi profit french cabotag line quot corsica marittima headquart structur cost sustain consign expens maritim expens regard vessel direct cost includ port charg fuel born directli corsica marittima accord legisl regulatori framework applic franc law januari implement decre order decemb issu opinion conseil nation de la comptabilité report otc auditor report sncm auditor report french court auditor territori continu subsidi purpos connect corsica contrari french law audit account analyt account sncm report sncm otc mr ménestrier report otc agreement otc set formula quot annual instal vessel deploi territori continu determin financi criteria habitu account long term contract establish basi true cost price vessel franc residu end period agreement includ net interest rate chang market price gdp durat year ferri year ro ro ship quot return calcul gdp price variat index averag lower return result rate appli capit market year question ménestrier report pwc report ménestrier report ménestrier report pwc report subject reserv recit recit abovement quot ffsa quot judgment point confin restrict time period vessel french author justifi differ natur vessel leas hsv correspond precis demand express corsica marittima case cargo vessel hand passeng section accessori commerci interest similarli capac offer sncm car ferri middl week greater ad hoc requir corsica marittima crew cargo ship stop end week corsica ashor dai appli crew car ferri middl week judgment court justic juli syndicat françai de express intern sfei al la post al ecr point analysi perform abstract privileg aid servic compani judgment court instanc decemb union français de express ufex al commiss ecr ii point hand quot bare boat quot charter hsv cargo ferri high season short period mediterranean greec itali franc spain tunisia recent year hand cost commiss equip ship commiss report implement regul eec appli principl freedom provid servic maritim transport member state maritim cabotag document final note cost man french vessel highest europ turn wage bill tax born sncm ship fly french flag higher cost privat shipown oper market condit vessel fly cheaper flag case hsv market price obtain lower leas price paid corsica marittima amount approxim price dispar pronounc case cargo ferri abovement quot ufex quot judgment point frf million oj recit recit territori continu subsidi permit partial financ fleet financi charg relat financ vessel relat depreci capit charg rule ship depreci reduc balanc basi period year convent ro ro ferri year napoléon bonapart year high speed vessel