Valuations
The value of a vessel in a niche trade can be complicated, and so can the reason for the valuation, that is why we give a choice of valuation services.
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Basic Valuation
Used for large fleets or portfolios as part of accounting requirements or market assessment. This is the cheapest and fastest option we offer.
On completion of the valuation a signed certificate is issued with the value and vessel details
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Advanced Valuation
Used as an intermediate step between basic desktop valuations and a surveyor. Often used as a method to highlight details of high specification vessels or if there may be concern regarding the the condition of a vessel.
The method requires a questionnaire to be sent to he owner of the vessel to ensure the most up to date specification and condition details. The owner will also be asked to submit a recent class status.
Port State control performance of the vessel is also recorded and along with cost and maintenance information.
On completion of the valuation a signed certificate is created which contains all the details of the report.
The advantage is a more detailed look into a vessel and its value where the possibility to send a surveyor may be difficult of costly. The method is also used to ensure all relevant value adding items are identified and clearly included which is common requirement for niche trades.
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Survey
The most expensive and time consuming valuation method, however the most detailed for actual condition of the vessel.
This method evolves the arranging of a surveyor to visit the vessel to give a condition assessment. The cost of the surveyor will vary depending on the circumstances, and this is clearly communicated to the client.
The valuation is made on the basis of a market assessment and adjusted depending on the report of the survey.