Quaker Neck Marine Surveying And Consulting

HARRY T. SEEMANS,
SAMS ACCREDITED
Bozman, Maryland Marine Yacht Surveying and Consulting Services

  • Pre-Purchase Condition and Valuation Survey

    Our pre-purchase C & V survey is a thorough inspection of the vessel as allowed by normal access, carried out through non-destructive and non-evasive means, exploring and detailing the overall structural condition of the hull and deck assemblies. The vessel's systems are also subjected to visual inspection for adherence to ABYC and NFPA voluntary standards and the mandatory standards promulgated by the United States Coast Guard (USCG), under the authority of the United States Code (USC); Title 33 and title 46, Code of Federal Regulations (CFR).

    It is strongly recommended that the vessel be hauled out of the water for a pre-purchase survey to allow for a complete inspection of the bottom. The bottom is subjected to a visual inspection along with sounding and checking for moisture with readings taken on the bottom as conditions permit at the time of the survey. The surfaces are also checked for structural defects, as well as an inspection for the presence of fracturing, prior damage/repairs and osmotic blistering. The drive / running gear and trhu-hulls are also visually inspected as part of the bottom inspection. This type of survey is essential to assist a prospective purchaser in making an informed decision for the purchase of the vessel.

  • Pre-Sale Survey for Seller

    It is strongly recommended that anyone listing their boat for sale have a pre-sale survey done. The inspection is the same as the pre-purchase survey, and will identify to the seller any deficiencies, minor or major, that may exist within the boat prior to the boat being sold. The owner can then make a decision wether to address the deficiencies prior to the purchaser's survey, or adjust the price and sell it as is.

    Many times a survey is performed just days prior to the anticipated closing, thus exposing unknown deficiencies that can make or break the sale and create added work for the seller. Knowing the condition of the vessel in advance can prevent un-needed stress for all involved and will assist in the sale of the vessel.

  • Insurance Condition and Valuation Survey

    Insurance Companies require a C & V survey when a boat becomes 10 to 15 years old, and every 3 to 5 years after that. This of course depends on the policy of the insurance company.

    This survey is used by Underwriters to assess a vessel's risk prior to providing coverage. The inspection is much the same as the Pre-Purchase inspection, with particular emphasis put on the structural condition of the vessel, as well as on safety items, particular items below the water line that may sink the vessel if let unattended or not properly maintained. The inspection can often be carried out while the vessel is afloat, with a bottom inspection arranged during regular haul-out times. The report is not as detailed or consise as a pre-purchase survey.

  • Estimated Market Appraisals

    The vessel is surveyed to the extent required to obtain a general impression of its condition for the purpose of determining its Estimated Market Value.

    After the inspection research of the current market is conducted for comparable yacht listings and recent sales, with issues such as current market conditions, seasonal trends within the industry, with dollar recovery estimates on repossessions, addressed.

    This type of report is generally required for estate settlement valuations, divorce proceedings and charitable donations.


Copyright © 2008 Quaker Neck Marine Services - seemans@atlanticbb.net
410.829.3007