Vessel Valuation Survey Services

Vessel Valuation Survey Services

As Vts We provide Vessel Valuation Survey Services done by very experienced Master Mariner and Chief Engineers backround marine surveyors to examine and report the current condition to determine the valuation of the vessel.

Valuation survey is usually carried out at the same time as Pre purchase condition survey, and is used to determine market value of the interested vessel.

A vessel valuation survey is a comprehensive assessment conducted to determine the value of a vessel, such as a boat, yacht, or ship. This survey is typically carried out by professional marine surveyors who specialize in vessel appraisals. The valuation survey takes into account various factors that can influence the vessel's worth, including its age, condition, equipment, maintenance history, market demand, and comparable sales data.

During a vessel valuation survey, the surveyor will inspect the vessel both internally and externally. They will examine the vessel's hull, structural integrity, mechanical systems, electrical systems, navigational equipment, safety features, and overall condition. The surveyor may also review maintenance records, documentation, and ownership history to assess the vessel's maintenance and legal status.

The surveyor will compare the vessel to similar vessels in the market that have been sold recently or are currently listed for sale. This analysis helps determine the vessel's fair market value, which represents the price a willing buyer and seller would agree upon in an open market transaction.

The final survey report provides an unbiased evaluation of the vessel's value, including a detailed description of the vessel's condition, a list of any deficiencies or issues found during the survey, and an estimated fair market value. This valuation report is often used by boat owners, buyers, sellers, lenders, insurance companies, and legal entities for various purposes, such as buying/selling decisions, insurance coverage, financing, legal disputes, or taxation.

It's important to note that a vessel valuation survey is different from a marine survey, which focuses primarily on the safety and seaworthiness of the vessel. While a vessel valuation survey may include some elements of a marine survey, its main objective is to determine the vessel's monetary value rather than its suitability for a specific use or condition at sea.

Remember, vessel valuation surveys are typically conducted by professional marine surveyors who possess the necessary knowledge and experience in assessing vessel conditions and market values. Their expertise ensures an accurate and reliable valuation that can be used for various purposes.