A valuation survey is a formal assessment of a vessel’s current market value
This appraisal analyses the active market for comparable vessels, directly contrasting their specifications, condition, and equipment with your prospective yacht. It incorporates real-time market data to account for the variance between listing prices and actual sale prices.
To establish this value, the surveyor conducts a focused physical inspection. This process verifies the vessel’s official identity, confirms the accuracy of the sales listing, and ensures there are no obvious, major structural faults. While primarily used for acquisitions, these legally robust valuations are also required for probate, marine finance, and insurance placement. When commissioned for court proceedings, the surveyor typically acts as a single joint expert, representing both parties.
