Purchase & Financial Purposes Survey
The purpose of the Purchase Survey is to provide the buyer with the
information they require in order to evaluate the structural condition of
the vessel prior to purchase. This is the most comprehensive type of
inspection and is strongly advised when purchasing a used vessel.
THE SURVEY REPORT WILL:
1. Identify the vessel and major equipment using serial numbers
2. Identify defects, damages, previous repairs where visible.
3. Include an evaluation of the structural integrity of the hull and
4. Report on the hull bottom for delamination and osmosis evaluation.
5. Report on the condition of the mast and rigging including the rig
6. Report on the installation of machinery and the condition of
engines as far as can be ascertained from their operation.
7. Report on the installation of electrical equipment.
8. Report on the tankage.
9. Include details of the safety equipment.
10. Evaluate the navigation equipment.
11. The report will be written in concise normal language using marine
terminology where necessary.
12. The report will contain digital photographs of pertinent items.
13. The report will be completed in a timely manner.
The survey does not include a detailed evaluation of the sails or a
detailed mechanical evaluation of the engine(s). These are available
through local contractors.
We advise owners to check the vessel themselves before the survey. Check
through hull fittings, hoses, hose clamps, expiry date on safety
equipment etc. The vessel should be presented for survey in a clean
condition with the ships papers and miscellaneous equipment ready for
inspection. If the lockers are full of equipment, you will be asked to
empty lockers. The surveyor may also ask you to provide some minor
dismantling of some areas, for example access to chain plates. We
encourage prospective buyers to be present at the survey.
It is our opinion that the purchase survey should be both in and out
of the water. You will need to arrange to haul at a boat yard. Most yards
offer a survey haul, when the vessel is kept in the slings over the lunch
period which saves the cost of chocking etc.
If the owner is not present during the survey you will need to arrange
for a skipper to move the vessel for the haul. A short sea trial can
usually be carried out after the haul. After the survey has been
completed, the surveyor will verbally discuss the details with the buyer.
THE PURCHASE SURVEY IS ALSO USED BY FINANCIAL INSTITUTIONS AND CAN BE
USED FOR INSURANCE .
We have a basic fee structure of US$27.00 per foot for normally equipped
fiberglass monohulls up to 50' with a minimum fee of US$500.00.
Multihulls up to 50' are US$30.00 per foot. Boats over 50' will be
quoted on an individual basis.
Please review our contract by clicking on the Contract to Survey. You can email or print
and fax the contract to us when we have agreed terms and dates etc.