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Condition / Pre-Purchase Survey Procedure
- Contract to Purchase - The
normal procedure when purchasing a vessel is for an offer to be made subject to
survey and deposit paid.
- Contract with Surveyor - In
normal circumstances the prospective purchaser is responsible for selecting and
instructing the surveyor. All boatyard and other costs in connection with the
survey are in addition to the surveyor’s fees and expenses and are the
responsibility of the prospective purchaser.
- The surveyor will carry out a detailed examination of the
craft as presented, and it is in this respect that the purchaser can assist the
surveyor and help procure a more complete report by arranging the best possible
access to the craft. If the vessel concerned is difficult to examine internally
due to the existence of linings, screwed down sole boards, locked areas, etc.,
then the purchaser should do all that he can to ensure that the vessel is
exposed to the surveyors examination as fully as possible. It is therefore
recommended before survey that the vessel is slipped, linings removed, bolts and
fastenings extracted, covers opened, etc. Machinery and electric’s and
accessories are normally part of the detailed inspection. Purchasers are advised
to discuss thoroughly with the surveyor any particular requirements beforehand.
- The surveyor will report primarily on the examination
with respect to the condition of the vessel, with particular attention being
paid to the condition of the hull structure.
- The Survey Report - This
will list the defects found in the survey, along with general recommendations
for repair or remedial work. The report may be used to negotiate final purchase
arrangements. A list of survey conditions and restrictions will be attached.
Condition surveys are also undertaken for insurance purposes and to establish
the basis for future repairs and alterations.
- Unless otherwise agreed in writing surveys must be paid
in full prior to the report being dispatched.
Condition / Pre-Purchase Price
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