Boateam International Marine Surveyors Consultants Alaska Pacific Northwest and abroad and Worldwide Service questions about types of vessel surveys

1. A pre-purchase survey involves a complete inspection of a vessel to determine its present condition and fair market value. This type of survey can be used to secure insurnace or for financing purposes. Most buyers submit an offer to the sellers broker contingent on survey findings. Vessel's selling price is often re-negotiated after surveyor's inspection.

The pre-purchase survey includes aloft inspection of masts and rigging on sailboats, operation of all mechanical machinery during seatrials, operation of all electrical componernts and electronics. In the case of sailboats, sails are hoisted and the condition reported on. It is recommended that the vessel be hauled to inspect wetted surfaces and running gear.

Vessel's structural components, bulkheads, stringers, bearers, floors etc are inspected for structural integrity and suitability for buyer's use. Comments are made regarding vessel's cosmetic condition.

Report content includes digital photographs of vessel. The recommendations Section includes "must do" items to satisfy lending institutions and insurance companies. A comments section includes surveyor's findings of deficiencies that do not affect the vessel's insurability, but should be attended to.

The body of the report follows with text style specifications on construction and systems. A fair market value is determined using a blend of two subscriber-only internet sources to determine values, as well as up-to-date NADA and BUC NET books, and local knowledge.

3. A re-insurance survey is the same in scope as a pre-purchase survey, with a bottom line list of recommendations that need to be completed to insure the vessel is an acceptable risk for underwriters concerned.

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4. Hire surveys both off and on, service usually includes bunker counts, lashing counts, general inspection of vessel

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5. Exiting surveys for charter yachts in fleets include standard C&V survey, as well as a count of all inventory, verification of completed recommendations for absentee owners.

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6.. Trip surveys are special surveys to determine vessel's suitability for a specific task, an offshore passage, or commercial venture.

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					?????????? Frequently Asked Questions 1. What is a pre-purchase survey? 2. What are optional services that may be included in a pre-purchase survey? 3. What is a re-insurance survey? 4. What is a hire survey? 5. What is an exiting survey? 6. What is a trip survey? 1. A pre-purchase survey involves a complete inspection of a vessel to determine its present condition and fair market value. This type of survey can be used to secure insurnace or for financing purposes. Most buyers submit an offer to the sellers broker contingent on survey findings. Vessel's selling price is often re-negotiated after surveyor's inspection. The pre-purchase survey includes aloft inspection of masts and rigging on sailboats, operation of all mechanical machinery during seatrials, operation of all electrical componernts and electronics. In the case of sailboats, sails are hoisted and the condition reported on. It is recommended that the vessel be hauled to inspect wetted surfaces and running gear. Vessel's structural components, bulkheads, stringers, bearers, floors etc are inspected for structural integrity and suitability for buyer's use. Comments are made regarding vessel's cosmetic condition. Report content includes digital photographs of vessel. The recommendations Section includes "must do" items to satisfy lending institutions and insurance companies. A comments section includes surveyor's findings of deficiencies that do not affect the vessel's insurability, but should be attended to. The body of the report follows with text style specifications on construction and systems. A fair market value is determined using a blend of two subscriber-only internet sources to determine values, as well as up-to-date NADA and BUC NET books, and local knowledge. RETURN TO QUESTIONS 2. Services that are optional: Non-destructive triple pulse audio-gauging of metal hulls and structures, coolers, piping, etc. Non-destructive moisture readings of composite and wood hulls, decks, and structures. Spectrometric oil analysis for fuel oil, engine cranckcase oil and other machinery sump oils. Water analysis for cooling systems and cooling system pressure testing. Galvanic and stray current testing using a silver chloride half cell. Compression tests on machinery can be arranged and findings reported on. Infa-red testing, paint thickness gauging, xray examinations can all be arranged with advance notice. RETURN TO QUESTIONS 3. A re-insurance survey is the same in scope as a pre-purchase survey, with a bottom line list of recommendations that need to be completed to insure the vessel is an acceptable risk for underwriters concerned. RETURN TO QUESTIONS 4. Hire surveys both off and on, service usually includes bunker counts, lashing counts, general inspection of vessel RETURN TO QUESTIONS 5. Exiting surveys for charter yachts in fleets include standard C&V survey, as well as a count of all inventory, verification of completed recommendations for absentee owners. RETURN TO QUESTIONS 6.. Trip surveys are special surveys to determine vessel's suitability for a specific task, an offshore passage, or commercial venture. RETURN TO QUESTIONS BOATEAM INTERNATIONAL MARINE SURVEYORS THORNE BAY ALASKA, 907-828-8899 © copyright 2000 Boateam Ltd