A Condition & Valuation Survey (C&V) is usually done for financial or insurance purposes. This is the most complete survey and is recommended when purchasing a used vessel. These surveys cover all aspects of the vessel’s condition except for internal workings of machinery and other listed exceptions (such as for the underwater hull if performed in the water). If done for insurance purposes, these surveys will include recommendations. This inspection & survey will include an estimate of the vessel’s Fair Market Value and Replacement Value.
Condition & Valuation and/or Pre Purchase Survey
Inspections conducted prior to going on charter (On-Hire) and when coming off charter (Off-Hire). Includes a detailed description of the vessel and a detailed account of the condition at the time of survey. A full internal and external inspection is performed.
On & Off Charter Survey
Inspection of the vessel to determine the cause of the damage, and will determine the extent of the damage caused by the casualty. Casualty surveys also include repair recommendations including, where necessary, recommended repair methodology. Finally, our surveyor will review the costs of repairs. Casualty inspections include a Vessel Damage Report to document the findings of the inspection.
Casualty (Damage) Survey
An Appraisal Report for a vessel includes an inspection of the vessel to determine the overall general condition of the vessel for valuation purpose only. The inspection is documented with an Appraisal Report including the fair market and replacement values of the vessels. Appraisal reports are commonly used for legal and tax purposes.
Our surveyor will attend the sea trials with our client, and witness the operation of all systems on the vessel to assure that are systems are functioning properly at that time.
Sea Trial Services
Fuel & lube or “Bunker” surveys are performed for the purpose of obtaining the quantity of fuel oil and lube oil on board a vessel prior to and after hire. The actual sounding is usually performed by the vessel’s chief engineer or captain in the presence of the attending surveyor. After the actual sounding of each tank is taken, the vessels sounding tables are used to determine the amount of fuel / lube on board.
Fuel & Lube Surveys