Valuation Report

Valuation Reports are occasionally required by an insurer in circumstances were the value of a vessel is not clear or if the insurer believes a vessel to be over insured. A Valuation Report may also be required by a finance house when a client is obtaining a loan for the purchase of a vessel. In circumstances of shared or syndicate ownership of a vessel when one or more members wishes to sell their share, a current valuation may be required.

Marine vessel valuation surveys are often required for the courts to ascertain the value of the vessel for marine mortgages, yacht purchase, revaluing after a major refit, insurance purposes, and divorce proceedings. A valuation will consider the current market condition, general vessel condition, location, age, engine use, quality of build, inventory of installed equipment, and the selling price of similar vessels. We provide a comprehensive, written, independent market valuation statement and reports after the survey is completed on the boat.

A valuation will always be included in Insurance/Condition Surveys and Pre-Purchase Surveys however Shea Marine can provide a valuation in a stand alone Valuation Report if required. This involves an inspection of the vessels condition which can be carried out at any location in Ireland.

Call us for more information for your pre purchase marine survey