Yacht Surveys (Condition and Valuation)
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Pre-Purchase is a more comprehensive inspection completed when purchasing a new or used vessel.
It is a total inspection of the vessel to ascertain its condition and overall operational capability.
The survey evaluates any condition which could lead to sinking the vessel, causing a fire, or endangering the crew. This assessment is performed to enable the insurance Underwriter to evaluate the vessel's insurability and risk assessment.
IME offers pre-purchase inspections, sea trials, damage assessment, and condition and valuations surveys for yachts.
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International Marine Experts (IME) is a member of the American Boat Yacht Council (ABYC) and we are pleasure crafts surveyors recognized by the American Institute of Marine Underwriters (AIMU), Society of Accredited Marine Surveyors (SAMS), National Association of Marine Surveyors (NAMS Global) and the International Institute of Marine Surveyors (IIMS).
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Condition and Valuation Survey often called the "Insurance Survey," the main focus of this inspection is to evaluate the vessel’s structural integrity and condition of safety.
Pre-Purchase is a more comprehensive inspection completed when purchasing a new or used vessel.
It is a total inspection of the vessel to ascertain its condition and overall operational capability.
This report includes
Operation of all equipment and systems while the vessel is in the water (electrical systems, navigation systems, propulsion systems, fuel systems, all machinery and electronics).
An out-of-water inspection of the running gear and a hull sounding.
A complete inspection of the whole interior structure was accessible.
Estimated local market value based on condition and general maintenance.
Findings and Recommendations.
We make appraisals to establish a vessel's fair market value and to report that value to a lending institution. An accurate appraisal is arrived at after a detailed inspection of the vessel's systems and overall seaworthiness. An appraisal is also sought in establishing the value of older boats, engines, and other marine property designated for tax-filing purposes.
