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Pre-purchase survey: A
pre-purchase survey (sometimes called a "Condition and Valuation survey") is strongly advised when purchasing a
new or used yacht. Condition and overall operation of the yacht should be examined. This includes such items as structural
integrity, out of water inspection, sea trial, electrical systems, navigation systems, propulsion system, fuel system, machinery,
electronics, appearance and overall maintenance. This is the most comprehensive survey and includes:
- An afloat inspection including test operation of equipment,
systems and appliances, with inspection of the internal structure and accessible structural components.
- A sea trial to evaluate the performance of the vessel, systems and machinery under load.
- An ashore inspection to check the hull structural integrity, the condition of the stern gear, keel and appendages.
- Rig survey of the shroud and stay terminals aloft and on deck, along with a visual examination of all welds and sheaves,
as practicable. If the mast(s) are stepped, an additional fee is charged.
- Estimated Fair Market
Value (as she lays).
- Estimated Replacement Cost (New; Similar construction).
Client presence is encouraged for all phases of this survey.
This helps to flesh out the written report by providing a context for the "Remarks
and Recommendations" section and is generally educational for all parties involved.
Consultation / Walk through: A brief overview
of general cosmetic and physical condition. This can be useful if you are far from a desired vessel and would like to get
an idea of whether or not the subject boat fits your criteria. The fee is a minimum rate which is discounted from the full
survey cost should the determination to proceed be made. Insurance survey: This inspection is performed so that the insurance company
can determine whether or not the yacht is an acceptable risk. They are interested in structural integrity and safety for
its intended use. Most insurance companies require a survey on older yachts, this may or may not include an out of the water
hull inspection and depends on the specific requirements of the Insurance Company. They will also want to know the yacht's
fair market value. Damage
survey: This is performed to assess the extent of damage, recommended repairs, estimate repair costs, and if requested,
the probable cause. Generally undertaken at the behest of an Insurance Company. Valuation Survey / Appraisal:
This inspection is performed to gather enough
information to justify or determine the fair market value of the vessel. This is normally needed for financing, estate settlements,
donations, and legal cases. .
Also available: - Yacht Deliveries
- Instruction in sailing, general
seamanship and boathandling
- Free yourself from dependence on electronics and learn THE ARTS OF NAVIGATION: Running fixes, laying out and trusting your DR , Celestial navigation (using sun , stars and the moon), use of the
hand bearing compass, and Radar navigation
Capt. Jeffrey Stone
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