Pre-purchase survey:
A
pre-purchase survey (sometimes called a "Condition and Valuation survey") is strongly advised when purchasing a
new or used yacht. Condition and overall operation of the yacht should be examined. This includes such items as structural
integrity, out of water inspection, sea trial, electrical systems, navigation systems, propulsion system, fuel system, machinery,
electronics, appearance and overall maintenance.
This is the most comprehensive survey and includes:
- An afloat inspection including test operation of equipment,
systems and appliances, with inspection of the internal structure and accessible structural components.
- A sea trial to evaluate the performance of the vessel, systems and machinery under load.
- An ashore inspection to check the hull structural integrity, the condition of the stern gear, keel and appendages.
- Rig survey of the shroud and stay terminals aloft and on deck, along with a visual examination of all welds and sheaves,
as practicable. If the mast(s) are stepped, an additional fee is charged.
- Estimated Fair Market
Value (as she lays).
- Estimated Replacement Cost (New; Similar construction).
Client presence is encouraged for all phases of this survey.
This helps to flesh out the written report by providing a context for the "Remarks
and Recommendations" section and is generally educational for all parties involved.
Insurance
survey:
This inspection is performed so that the insurance company can determine whether or not the yacht is an acceptable
risk. They are interested in structural integrity and safety for its intended use. Most insurance companies require a survey
on older yachts, this may or may not include an out of the water hull inspection and depends on the specific requirements
of the Insurance Company. They will also want to know the yacht's fair market value.
Damage survey:
This is performed to assess the extent of damage, recommended repairs, estimate repair costs, and if requested,
the probable cause. Generally undertaken at the behest of an Insurance Company.
Valuation Survey / Appraisal:
This inspection is performed to gather enough
information to justify or determine the fair market value of the vessel. This is normally needed for financing, estate settlements,
donations, and legal cases.
The survey report:
The report
runs from 8 to 14 pages in most cases. Photos of particular findings and general overview photos are included in the body
of the report. The report lists findings and recommendations for the items to be corrected prior
to operating the vessel for its intended use.
Our promise is that the report will be sent with in 2 business days of the
completion of the survey in all cases save a Damage Survey. The report will be sent as a PDF file. A hard copy can be provided
if requested.
Also available:
- Yacht
Deliveries
- Instruction
in sailing, general seamanship and boathandling
- The arts of Navigation: Running fixes, laying
out and trusting your DR , Celestial navigation, Radar navigation
