PRE-PURCHASE SURVEY
Purchasing a Marine facility is a very capital intensive venture and absolute care is necessary to ensure you get the value for your money’s worth.
Purchasing a Marine facility is a very capital intensive venture and absolute care is necessary to ensure you get the value for your money’s worth.
A condition and value survey (in this case pre-purchase survey) is possibly the most comprehensive and detailed type of survey and it's a prerequisite in the buying of marine oil and gas facilities as surveyors inspects facilities as per their Class notations, ages, maintenance history and compliance to various standard e.g. Classification society, Flag administrations, USCG, API.
These surveys are mostly conducted afloat and on the dock as status reveals with an inclusion of sea trials.
All findings during the survey are noted and clearly explained in the written survey report.
An appraisal of the facilities/equipment fair market value in comparison to actual selling prices of comparable facilities/equipment is also included.
These survey and value inspection could also be utilized for insurance and financing purposes and JOCL survey reports are acceptable by all insurance companies.
A Condition and Value Survey can also be used for insurance and financing purposes.
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ON AND OFF HIRE BUNKER / CONDITION SURVEYS
Bunker on board ship for ships consumption or carried as cargo is an essential part of shipping and a vital part in charter party agreements as the custody of bunker fuel onboard a vessel is transferred from the Owner of the vessel to the Charterer of the vessel when the vessel's charter begins, the reverse is the case when the vessel is redelivered to the owner at the end of the charter.
