Professional Yacht Survey, Owner Representation, and Consultation
Finance Appraisals and Valuations
Finance Representation & Vessel Appraisals
- We work closely with yacht finance houses, banks, and lending institutions to act as their representative, ensuring that stage payments are correctly verified during new build projects. Our role includes overseeing the vessel’s progress at critical milestones, conducting inspections to confirm that construction standards are met, and ensuring that the appropriate funds are released as each stage of the project is completed. This helps ensure that the financing process runs smoothly, and that the vessel is built to the required specifications.
- For vessels that are already under finance, or those about to be financed, we provide annual finance appraisals and valuation surveys. These non-intrusive surveys are designed to evaluate the vessel’s operational status, maintenance record, and overall condition, ensuring that the asset remains in good standing with the financial institution. Our appraisals provide peace of mind to both owners and lenders, helping to confirm that the vessel is being properly operated and maintained.
- Certification & Documentation Review: We verify that the vessel’s certification, registration, and relevant paperwork are up to date, compliant with legal and safety standards, and consistent with the lender’s requirements.
- Maintenance History Assessment: We review the maintenance logs and service records to ensure the vessel has been properly maintained in accordance with manufacturer recommendations and industry best practices.
- Condition Evaluation: Our surveyors assess the overall condition of the vessel, identifying any areas requiring attention, and confirming that it remains in good working order, minimizing risks to both the owner and financier.
- Additionally, we can provide a comprehensive valuation of the vessel, which considers both the current condition and the current market forces. This valuation takes into account factors such as:
- Age of the vessel
- Recent repairs and upgrades
- Market trends and demand for similar vessels in the current marketplace
- Condition of key components, including engines, hull, and interior
- Location and usage patterns of the vessel
The valuation helps provide an accurate reflection of the vessel’s fair market value, which is crucial for both insurance purposes and to ensure that the financing remains aligned with the vessel’s worth.
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