Insurance Survey
This Condition and Valuation (C&V) Report is generally required by an insurance underwriter to determine whether or not a vessel is an acceptable risk. They are interested in the structural integrity and safety of the vessel for its intended use. Therefore the primary focus of the C&V report is on items that could lead to the loss of the vessel due to sinking, fire or dismasting and the possible endangerment of its crew and passengers.
The main areas of focus of the C&V inspection include:
- Hull and deck structure
- Hull to deck joint
- Bulkheads
- Through hull fittings
- Keel and fittings
- Mechanical installations
- Steering system
- Electrical installations
- Safety equipment
- Fire fighting equipment
- Navigation Equipment
- Mast and rigging
The C&V report includes a formal independent market valuation of the vessel, making it suitable for use by insurance and finance institutions alike. However it is not sufficient to make an informed decision regarding the purchase of the vessel, you will find that our
pre-purchase inspection is specifically tailored for this purpose.