a- A Prepurchase Survey is a thorough “Condition and Valuation” (C&V) survey that is typically conducted when someone is considering purchasing a vessel. This survey includes operational testing of all systems and equipment, as well as a sea trial, and the vessel is inspected, both in and out of the water.
The primary purpose is to provide potential buyers with the information they need to make an informed purchase decision.
This survey is also commonly used to meet the requirements of insurance companies and financial institutions. They want to ensure that the vessel is of current market value and represents a good risk. In addition, the survey can uncover any existing or potential issues with the vessel that may affect its value or safety.
Our team of expert marine surveyors has the knowledge and experience to conduct a thorough Prepurchase Survey that will give you confidence in your decision to purchase a vessel. Contact us to learn more about how we can help you make an informed decision.
b- A Limited Condition & Valuation (C&V) marine survey is commonly carried out to evaluate the condition and value of a vessel, unlike a pre-purchase survey. The survey can be conducted on a vessel either in the water or on land, based on the insurer’s specifications. It may not encompass a sea trial or operational testing of all equipment and systems.
Each insurance company has its own specific set of requirements regarding age and size of the vessel that needs a survey and what the survey report should include. This is especially true for vessels made from materials other than fiberglass, such as wood, steel, or aluminum. It is important to note that the information contained in an insurance C&V survey report is not sufficient to make an informed decision regarding the purchase of the vessel.
While an insurance C&V survey provides valuable information for insurance underwriting purposes, it may not uncover all issues that could affect the vessel’s value or safety. For this reason, a comprehensive Prepurchase Survey is always recommended when considering the purchase of a vessel. Our team of experienced marine surveyors can provide both types of surveys and help you make an informed decision. Contact us to learn more.
c- Appraisal Surveys
These surveys provide an impartial and unbiased assessment of the vessel’s value, taking into account factors such as age, condition, and market trends. They are conducted in accordance with industry standards and guidelines, ensuring that the appraisal is accurate and reliable.
Whether you are seeking financing for a vessel, settling an estate or divorce, or donating a vessel to a charity, an appraisal survey conducted by an experienced marine surveyor can provide you with the information you need to make informed decisions. We have the knowledge and expertise to conduct thorough appraisal surveys that are recognized by courts, financial institutions, and insurance companies. Contact us to learn more.
d- Damage Surveys
A Damage Survey may be required by insurance companies as part of the claims process, or by a vessel owner seeking to understand the extent of the damage and the steps necessary for repair.
When a vessel suffers damage, it is crucial to determine the nature, cause and extent of the problem. This is where Damage Surveys come in. Typically requested by insurance companies, vessel owners, or other interested parties, these surveys aim to provide a thorough assessment of the damage and to develop a plan for repair.
We work closely with tow boat, and salvage operators when the need arises, and often collaborates with repair shops and boatyards to determine the cost of repairs. We provide an unbiased assessment of the damage, identifying both the visible and hidden effects of the incident.
Our marine surveyors have the knowledge and expertise to conduct thorough Damage Surveys that provide an accurate assessment of the damage and the associated costs. Contact us to learn more about how we can help you with a Damage Survey.
e- Consulting Services
Our team of expert marine surveyors also provides consulting services to clients in the marine industry. We can offer advice on vessel purchase or sale, refit and repair projects, and regulatory compliance. Our consulting services are tailored to meet your specific needs, and our surveyors are available to provide ongoing support and guidance throughout the process.
f- Vessel Commissioning
Vessel Commissioning is the process of ensuring that a new or newly-refitted vessel is seaworthy and ready for operation. Our team of experienced marine surveyors can provide comprehensive commissioning services to ensure that all systems and equipment are installed and operating properly. We work closely with boat builders and shipyards to ensure that the vessel is built to the highest standards and in compliance with all applicable regulations. Our commissioning services include sea trials to ensure that the vessel performs as expected under real-world conditions. Contact us to learn more about how we can help with your vessel commissioning needs.