Condition & Value Surveys
An inspection of a vessel to assess its overall condition and determine its fair market value. These surveys are commonly required for insurance purposes, financing, and pre-purchase evaluations.
Key Aspects of a C&V Survey
Hull, Decks & Superstructure – Checking for damage, wear, and integrity. Assessing materials, fittings, and overall state.
Mechanical Systems – Reviewing the engine(s), electrical systems, fuel systems, HVAC and steering.
Safety Equipment – Ensuring compliance with regulations for life jackets, fire extinguishers, flares, etc.
Electronics & Navigation – Evaluating the functionality of GPS, radar, VHF radios, and other navigational aids.
General Maintenance & Wear – Looking at the vessel’s upkeep, any needed repairs, and overall condition.
Market Valuation – Comparing the vessel to similar boats to determine a fair price & Replacement Value.