TYPES OF SURVEYS
CONDITION AND VALUE SURVEYS
- The CV Survey is often ordered by a client who has made an offer on a vessel for purchase and needs a profession assessment to determine a detailed description of the vessels Condition and a Valuation based on fair market price. This survey will assess the Condition of the vessel; list both its positive attributes and any deficiencies that require attention. Market value is determined by the overall condition, cost of repairs and comparison of similar boats recently sold. A C/V Survey can be a requirement for a financial institution or insurance underwriter to determine if the boat is a good risk.
- Only an Out of Water Survey should be considered for a pre-purchase C/V Survey. The underwater portion of the hull requires a full and careful inspection along with a close inspection of the running gear; shafts, struts, rudders and bearing.
- Different hull materials require different assessment methods. For a wooden boat the inspection of the hull is accomplished through nondestructive methods of, visual observation, sounding with a hammer and probing suspect areas with a tool. I f I think it necessary I will remove plank fastenings to determine the type, condition of the metal and size of the fastener. The hull is inspected on both exterior and the interior as access allows.
- Fiberglass hulls are inspected with methods similar to wood boats. Delamination can be determined by sounding and visual observation. A common problem on many fiberglass boats is blistering, this may require probing to determine the extent of the damage.
- Metal hulls; aluminum, iron and steel, are inspected through visual and sounding but may also require the services of an Autogauging expert if there is a question as to the plate thickness of older iron boats.
- The spars, sails and rigging will be visually inspected on sail boats.
- The electrical and mechanical systems are inspected and assessed in accordance to American Boat and Yacht Committee (ABYC) standards and Code of Federal Requirements (CFRs).
- Safety equipment is inventoried and condition noted as per ABYC and CFR.
- Sea trails are generally not part of the survey but if the owner has agreed to perform a sea trial I can accompany as an observer at an additional fee.
- The FINDINGS AND RECOMMENDATIONS section lists the deficiencies found and the recommended repairs.
- The C/V survey will contain these important components:
- Vessel Documentation and specifications
- Vessel description
- Overall condition of vessel including cosmetic condition and up-keep.
- Structural condition.
- Electrical inventory and condition.
- Mechanical inventory and condition.
- Saftey equipment on board (CFR).
- Inspection of interior and amenities.
- Findings and Recommendations.
- An Insurance underwriter may require periodic inspections of their clients boat to keep up-to date records of condition and value. They may require an out-of –water survey depending on when the last survey was done or an in-water survey may suffice and can be done if ordered.
- Any time a vessel is involved in an accident or is otherwise damaged, an inspection should be ordered. This will be similar to the C/V survey with addition information to determine the cause of the accident and extent of the resulting damage. A cost estimate for the repairs, usually from a qualified shipwright, may be included.
TYPES OF VESSEL SURVEYED
- Small craft and yachts of any size
- Wooden boats of traditional construction
- Wooden boats of modern wood/epoxy construction; cold molded, plywood, strip plank
- Fiberglass boats
- Historic craft of any size
- Sailing craft
- Motor Yachts
RESTORATION AND REPAIR
It is rarely the case when a used boat is purchased that the new owner does not required some work to be done. This may be to correct structural or cosmetic deficiencies or to up- grade an older interior or mechanical systems.
As a professional with over fourty years experience building, repairing and maintaining many types of craft I can help develop a plan that meets both the needs of the boat and the budget of the owner. Included are:
- PRIORITIZE DEFICIENCIES
- MAKE RECOMMENDATIONS FOR PROPER REPAIRS
- CONSULT WITH REPAIR YARD/PERSON
- FOLLOW UP / UPDATE SURVEY