Why Do I need a marine survey?
If you are planning to make a huge payment in purchasing a boat, a marine survey is highly recommended to you. A thorough marine survey will help you to make an informed and better decision. It is also the least expensive and most valuable tool you have to assist you in that purchase. A boat operator who knows the condition of his vessel is better prepared to handle adversity than one who isn't. The marine surveyor you hire to inspect the boat should have the knowledge and expertise to determine if it has been properly maintained and in safe condition. A prudent buyer should make his final acceptance of the boat subject to the findings of a marine surveyor.
Why it is necessary to have a vessel surveyed?
Whether you are buying a brand new vessel or buying a second-hand boat, insurance companies and banks will require them on older vessels. They will need to know her condition and fair market value in order to finance and/or underwrite the vessel.
Sunday, October 3, 2010
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