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 substantial capital to rectify. Market rates and values of assets are linked to geopolitics and the ultimate demand/supply balance, and therefore largely outside the control of the seller and buyer.
• The factors 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 and 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 are assigned to the vessel. Most lending institutions and insurance companies require a pre-purchase survey.
• We provide pre-purchase survey services with our experienced surveyors positioned globally.