- Are you buying a boat?
- Are you a boat owner who wants to protect their investment?
- Has your boat recently been damaged or involved in an accident?
- Are you planning on refitting or repairing your vessel?
As experience seamen and qualified Marine Surveyors we would use our extensive experience in the development of a realistic and dependable indication of the condition, value, and associated risk of any marine vessel, pleasure or commercial. The typical survey includes a complete inspection of the subject boat, yacht or ship and a full report detailing each system in an easy to understand format. Buyers, insurance underwriters, and financial institutions may than consider this information to assist in their decision making process. Our goal is to ensure that all clients receive professional and honest services at an reasonable rate in the most ethical manner. We work for you and keep your interest in mind at all times. KC - RB
Pre-Purchase Survey (Condition and Value Survey):
This is the most comprehensive type of survey and is strongly advised when purchasing a new or used yacht. It is a complete inspection of the vessel to ascertain its condition as to overall operational capability.
Most lenders will require a Pre-Purchase Survey before considering a loan and most insurance companies will require it before they consider coverage for older vessels.
The pre-purchase survey report includes: operations of all equipment and systems while the vessel is in water (electrical systems, navigation, spars and rigging, propulsion system, fuel system, all machinery and electronics), an out of water inspection of the running gear and a sounding of hull, complete inspection of the whole interior structure where accessible. An extensive sea trial should be included as an essential part in purchasing a vessel. Estimated local market value based on condition and general maintenance, findings and recommendations. Your survey needs to take place just prior to the purchase, do not use a previous survey, things change.
This report is issued in compliance with boating safety standards set by the American Boat and Yacht Council, (ABYC), the US Coast Guard Federal Regulations, (CFR), and The National Fire Protection Agency, (NFPA).
Insurance Survey/C&V or Damage Surveys:
This survey is performed so that the insurance company can determine whether or not the vessel is an acceptable risk. They are interested in structural integrity and safety for its intended use. Most insurance companies require a survey on older boats. They will also want to know the vessels fair market value. Damage surveys are often required by an insurance company after a loss has been incurred due to an accident or other event.
Boat/Yacht Appraisal Survey:
This type of survey is usually performed to determine fair market value of a boat for purposes of financing, donations, legal cases and estate settlements. Most lenders will require an appraisal survey before considering a loan for the boat in question. This survey will also include a list of recommendations to ensure that the vessel is in compliance with regulations and is safe to operate. The equipment on board, general maintenance, overall condition and the current economy are all considered when determining the fair market value.