If you’re interested in purchasing a new boat, you’ll want to consider a pre-purchase inspection of your vessel of interest. Getting a pre-purchase inspection before the actual purchase of the boat will save you stress and aggravation later in the event that the boat has a problem. Purchasing a new or used boat is just like purchasing a new or used vehicle.
You want to have the boat carefully looked over to avoid buying something with problems, particularly something that is in need of more work than it’s worth. Then again, maybe you want to buy something used to save money and have every intention of fixing and rebuilding the boat.
In either case, you’ll want to know what you’re getting into. Even if you plan on doing repairs, it’s good to know what repairs you’ll need right away if the vessel does in fact need repairs.
Pre-Purchase Inspection for Buyers
Millennium Shipping and Marine Services will carry out pre-purchase inspection of your vessel of interest and help in finding out the vessel’s fair market value. We will compare this figure with the actual selling price of equivalent boats. This comparison will help you to determine whether the investment is worth it or not.
If the price of the boat far exceeds the market value, you may not want to purchase this boat. As the buyer, all of this information will also help you to make negotiations with the seller of the boat. There is a possibility of talking the price down when you know the fair market value.
Pre-Purchase Inspection for Sellers
If you’re selling a boat and would like a vessel condition survey, Millennium Shipping and Marine Services will help you determine an appropriate fair price to sell your boat within the range of the fair market value. You’ll find out just how much your boat is really worth and whether or not it is in need of any repairs.
Scope of Inspection
When Millennium Shipping and Marine Services Limited’s team of professionals inspect a vessel for pre-purchase, a vessel condition survey, or a value survey, this is what you can expect:
- Hull, Deck, and Structure Sound and Moisture Testing
- Interior and Exterior Space Visual Inspections
- Visual Inspection of: all accessible fuel systems, running gear and keel, exhaust systems, water, and waste tanks.
- Visual Inspection of the Boat’s Rigging
- Electrical System Inspection, Electrical System Operation, and Electrical System Metered Testing
- Plumbing System Inspection and Operation
- A Comprehensive Sea Trial
- An Inspection of the Operational Condition of the Engine
- Galvanic Corrosion Testing with a Corrosion Test Meter
- Inspection of all Boat Safety Equipment