Marine Surveyors and Consultants

Valuation Inspection

A valuation may be required for finance, insurance, or Import purposes. Account will be taken of the general condition of the vessel and the inventory on board..

This is a limited inspection typically requested to identify the vessel, inventory sighted on board, and its general condition, sufficient to determine a fair valuation for finance, disputes, payments, asset division, or customs. It is not a substitute for an insurance or pre-purchase survey, where a full condition evaluation is required.

 

The objective is to establish a value of the vessel for the individual purpose or requirement such as auction, market, insurable, salvage, or progress payment. Valuation inspections can be carried on with works in progress, construction phases, and in the water where allowance is made for the appropriate inspection situation.