Pre-Purchase Surveys
PRE-PURCHASE SURVEYS
A pre-purchase yacht survey, often simply referred to as a “marine survey” or “yacht survey,” is a comprehensive inspection and evaluation of a yacht’s condition and systems conducted by one of our qualified marine surveyors. This type of survey is typically requested by prospective buyers (or their agents) before purchasing a pre-owned yacht. Its purpose is to provide the buyer with a thorough assessment of the yacht’s overall condition, including any potential issues, defects, or safety concerns. Here are the key aspects of a pre-purchase yacht survey:
1. Inspection of the Hull and Structure:
Our surveyor will thoroughly examine the hull, superstructure, and other structural components of the yacht, looking for signs of damage, cracks, blisters, delamination, and corrosion. The condition of the yacht’s bottom paint and anti-fouling coatings may also be assessed.
2. Mechanical Systems Evaluation:
The yacht’s engines, propulsion systems, transmissions, and generators are inspected to assess their condition, including any signs of wear, leaks, or malfunctions.
Our surveyor may perform sea trials to evaluate the engines’ performance and the yacht’s handling characteristics.
3. Electrical and Plumbing Systems Check:
The electrical systems, wiring, circuit panels, and equipment are examined for functionality, compliance with safety standards, and any potential issues.
Plumbing systems, including freshwater, wastewater, and sewage systems, are checked for leaks, blockages, or malfunctions.
4. Safety Equipment Review:
The presence and condition of safety equipment, such as life jackets, fire extinguishers, life rafts, and emergency signaling devices, are verified.
If the vessel is registered in Singapore, we will use the MPA requirements for safety equipment and devices.
5. Interior and Amenities Assessment:
The interior spaces of the yacht, including the cabins, salons, and galley, are inspected for signs of water intrusion, structural issues, and general condition.
Appliances, fixtures, and amenities are assessed for functionality and condition.
6. Rigging and Sails Inspection (if applicable):
Sailing yachts may undergo a rigging and sails inspection to check for wear, damage, or structural issues in the mast, rigging, and sails.
7. Documentation and Title Verification:
The surveyor reviews the yacht’s documentation, including registration, ownership history, and maintenance records.
8. Detailed Report and Recommendations:
Following the survey, the marine surveyor compiles a comprehensive report detailing their findings, including any deficiencies, safety concerns, or recommended repairs.
The report can be used by the buyer to negotiate the sale price, request repairs, or make an informed decision about the purchase.
It’s important to note that a pre-purchase yacht survey is a critical step for buyers, especially when purchasing pre-owned vessels. The survey provides valuable insights into the yacht’s condition and helps buyers make informed decisions. It can also be used as a contingency in the sales contract, allowing buyers to back out of the deal or negotiate repairs or price adjustments based on the survey findings.