Pre-purchase survey

A pre-purchase survey for a vessel is a detailed inspection conducted before buying a ship to assess its overall condition, seaworthiness, and value
  • Why conduct a prepurchase survey?
    A prepurchase survey is essential for several reasons:
     
    1. Assess the vessel’s actual condition
    It provides a comprehensive evaluation of the ship's structure, machinery, systems, and overall seaworthiness — helping buyers avoid unpleasant surprises after the purchase.
     
    2. Uncover hidden defects or damage
    Some problems (e.g., corrosion, fatigue cracks, outdated equipment) might not be visible in documentation or through a basic inspection.
     
    3. Determine fair market value
    A survey helps establish whether the asking price reflects the vessel’s real condition and value, which is crucial during price negotiations.
     
    4. Ensure regulatory and class compliance
    The survey checks if the vessel complies with international standards, classification society rules, and flag state regulations.
     
    5. Make informed investment decisions
    For buyers (especially first-time shipowners or companies), it reduces financial risk and supports better strategic planning.
     
    6. Insurance and financing requirements
    Insurers and lenders often require an updated survey report before issuing policies or approving loans.

     

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Draft Survey and Loading/ Discharging supervision

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