|
PROFILE::
A marine
survey is a comprehensive and
detailed inspection of all aspects
concerning the current condition and
fair market value of the vessel
inclusive of its systems, equipment,
safety compliance, and general
maintenance.
A Pre-Purchase & Valuation survey also
includes inspection out of water and
at sea trial with the additional
appraisal of the vessel's cosmetic
appearance. The Pre-purchase survey
commonly pays for itself by pointing
out conditions or deficiencies
unknown to the seller and the buyer
that can be rectified/negotiated
prior to purchase.
An Insurance & Valuation survey will
be required by financial
institutions and insurance
companies in order to underwrite/insure
the vessel.
Damage surveys assess the extent and
probable cause of damage and
recommend repairs.
Appraisal surveys determine the fair
market value of the vessel for
settlements or donations.
The survey report, prepared
exclusively for you, is a well
organized and detailed appraisal of
your vessel's construction, hull
integrity, machinery, electrical
systems, spars, rigging, & deck
gear, tankage & plumbing, galley &
accommodations, safety & required
equipment, and navigation,
electronic, & miscellaneous
equipment. Surveyor's comments are
provided at each section.
Destructive and/or intrusive testing
is not conducted. Findings and
recommendations are detailed using
mandatory standards provided by the
Code of Federal Regulations and
United States Navigation Rules, and
recommended practices contained in
standards of the American Boat &
Yacht Council and the National Fire
Protection Association. Among
resources utilized to determine fair
market value are the BUC price
guide, the NADA marine appraisal
guide, internet and marine
publications resources, and personal
knowledge of your local market. A
vessel description with digital
photographs is also provided in the
survey report.
|
