A Pre-Purchase Survey assesses the vessel's current market value and details its overall operating condition.
Appraisals are primarily made to establish a vessel's fair market value and report that value to a lending institution.
A Condition and Value Survey is the most common type of survey for insurance purposes. Its main focus to flag any condition which could lead to endangering the crew, causing a fire or damaging/sinking the vessel. The Valuations for insurance purposes is part of this survey.
A Damage Survey is usually commissioned by a specific insurance company as part of a claim investigation.
Consulting usually involves the rendering of formal professional recommendations – a desirable arrangement when a specific survey is not applicable or appropriate.
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