An Appraisal Survey consists of a visual inspection of the vessel to identify major defects, or outstanding repairs.
Appraisals are useful to select one out of a number of yachts when looking at purchase and heading towards a decision. The report format will be similar to that of a Full Condition Survey but much less detailed. If the yacht under appraisal inspection is found to be suitable, a Full Condition Survey may then carried out.
Yacht Survey Group carries out these types of surveys for private buyers as well as finance companies/ banks/ lending institutions. These organisations could have specific requirements for the survey so they should be consulted beforehand. YSG can do this if necessary.
After completion of the survey inspection a report will be emailed within ten working days, or sooner if previously arranged. Following your receipt of the report, we are available to discuss any issues raised in the survey result.
It can be as detailed as you wish, but generally the survey will follow the inspection procedure as a full condition survey, but in much less detail. For example during a full condition survey all the portable sole (floor) boards will be lifted, but during an appraisal survey we might only lift the sole board in areas that we think are most lightly to reveal damage e.g. around the keel support structure on a sailing yacht. If you have any specific concerns about the yacht, or there are any areas that you specifically want inspecting, let us know beforehand and we will include this in the inspection. Sometimes we are commissioned to carry out an appraisal survey when our client has not seen the yacht, in this case we can include photos or even video in the report
Our ultimate aim has always been to enable sailors and boat people to enjoy yacht ownership with peace of mind. Central to our vision is the client's interest. The ethics of a fair purchase are at the forefront of our minds, and safety is paramount. The bottom line of YSG is looking after the client's interest by accurately assessing the condition of the yacht. This gives the client reliable information about the yacht allowing them to make it safe and also to ensure it is a worthwhile investment.
About YSG Partners
Marine surveyors based in Bodrum,Turkey and operating Internationally.
Joe Rowles: British; qualified, Internationally accredited independent marine surveyor with full professional indemnity insurance underwritten at Lloyds of London; authorised to carry out MCA coding inspections for vessels under 24m load line length through the following; certifying authorities: IIMS, YDSA, MECAL Ltd and RYA (Royal Yachting Association). Background in Engineering.
Ali Dincer: Turkish; Independent certified Marine Surveyor by IIMS (International Institute of Marine Surveyors) Diploma as a Yacht & Small Craft Surveyor. Professional indemnity insurance underwritten at Lloyds of London. RYA inspector and accredited expert witness for Turkish Courts. Ali's background is as board member and shareholder of Industrial Production companies operating in International markets, specifically Europe and Asia.