Pre Purchase Condition Surveys

 

• A pre-purchase conditional survey of vessel is usually requested by a potential buyer and focuses on areas where defects can significantly reduce the value of the vessel and may require significant investment to correct. Market rates and values of assets are linked to geopolitics and the ultimate demand/supply balance.
• The factors though that are manageable are the condition of the asset and its place within the value ranges at any time. A pre purchase survey is a thorough inspection of the vessel’s structural, watertight integrity, system’s installations, operating condition, as well as performance. 
• A comprehensive report is issued which includes an equipment list, specifications and detailed list of deficiencies and recommendations.
• Replacement and market values [in US dollars] are assigned to the vessel. Most lending institutions and insurance companies require a pre-purchase survey.
• We are giving pre-purchase survey services with our experienced surveyors around the globe.