As a former Marine Assurance Adjustor of Claims I have always had this vision in mind, bearing in mind they were going to lift her on air and strops.Trawler - 10 years plus of age. Rusty - high maintenance costs.
The Total Loss of the MEC, with Nets, Gear and Catch would be a "glittering prize" not a misfortune.
And a story written in small paragraphs in "Lloyd's List"
Gareth