Controlled Equipage. This term refers to thoseitems of equipage afloat that require specialmanagement control because the material isessential for the protection of life or is relativelyvaluable and easily convertible to personal use.Items classified as controlled equipage are listedin Afloat Supply Procedures, NAVSUP P-485,appendix II.Minor Property. This term is defined aspersonal property acquired for immediate use andhaving a cost of less than ,000 and thosepersonal property items having a unit cost of,000 or more but with a useful life of less than2 years.Plant Property. This term is defined as allNavy-owned land, buildings, and personal pro-perty of a capital nature located on shoreactivities. Listed below are four classes of plantproperty.Class 1. Land.Class 2. Buildings, structures, and utilities.Class 3. Navy-owned personal property of acapital nature with an estimated or actual initialacquisition cost of ,000 or more. It must havean expected normal life of 2 years or more; it mustnot be consumed in the performance of its work;it must not be permanently installed in buildings;and it must not be a part of supply stock.Class 4. Industrial plant equipment that costs,000 or more and is used for cutting, grinding,shaping, forming, joining, testing, measuring,heating, and treating components used inmanufacturing or maintenance of items ofsupply. It does not include items costing less than,000.DOD Property Record, DD Form 1342 (fig.1-6), is the only form used for reporting class 3and class 4 plant property. A separate DD Form1342 is prepared for each individual item. Thecomputer generation of the DD Form 1342 isauthorized if all data elements are included in thesame order as on the standard form.Controlled equipage afloat is much the sametype of material as plant account property classes3 and 4 ashore. It requires the maintenance ofseparate custody records for individual items;physical inventories; surveys of lost, missing, orunserviceable items; and periodic reports ofconsumption, deficiencies, and excess to thecognizant type commander (TYCOM).NAVSUP FORM 306 PREPARATIONPROCEDURESThe Controlled Equipage Record, NAV-SUP Form 306 (fig. 1-7), if not provided with theCOSAL, is prepared by typewriter or in ink inFigure 1-7.—Controlled Equipage Custody Record, NAVSUP Form 306.1-11
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