Pre-purchase full condition surveys are the most comprehensive type of survey and are carried out for the purchaser when purchasing a yacht or commercial vessel. A full condition survey provides a full appraisal of the vessel’s structure, build quality, and all equipment.
A marine valuation is an examination of a vessel and components to determine the current market value when required by Insurance, finance, law firms, underwriters, and clients. The valuation can also be requested when a full condition or structural insurance survey is carried out.
This is a survey commissioned by the owner of a vessel when the insurer has requested a survey prior to renewal of an existing policy. Typically these surveys are required after the vessel is 20 years old and every 5 years thereafter, although this may vary depending on your insurer.
STEEL HULL SURVEY
Ultrasonic thickness measuring (UTM) without the need to strip nor scrape surface paints and/or fillers gives invaluable insight to chart the thickness of metal hulls, sea chests or appendages. Often conducted in pre-sale purchases, or at the instruction of Code or Class Surveys and Insurance agencies.
Damage surveys may be necessary after storm or accident damage. They determine the extent of the damage and the cost of repairs. Often these are required by insurance companies after an unfortunate incident.
Only so much can be assessed statically or ashore and there are significant benefits of a sea trial to reinforce the findings or recommendations from the survey inspections. Sea trials are a great way to test all systems onboard under load to confirm they are working correctly.