Marine Surveys - What to Expect

Tomorrow we conduct a marine survey on the 46' Grand Banks trawler I am offering for sale. I just got off the phone with the surveyor to make sure we were still a go. I have everything ready, the yard scheduled for a haul out and the boat is en-route to Panama City Florida as I write. The buyer will not be attending but myself and the surveyor will conduct the survey on his behalf.

So you have found that perfect used trawler, should you survey her; what is a marine survey anyway? A marine survey, in its simplest form, is an appraisal and inspection similar to that performed on real estate or other items, but more detailed.

For starters, if you are dealing with a reputable Yacht Broker such as me, he will guide you through the process. I know several marine surveyors that I will recommend as I’ve had experience with them in the past and I know their capabilities. I will not choose one for you however, as I don’t want any suggestion of a conflict of interest. The surveyor works for you.

There are several types of surveys but for the buyer, the Pre-Purchase Survey is the one you will want. It will be the most comprehensive type of inspection, and is usually requested by lenders and insurance companies when purchasing a used vessel. Condition and overall operation of the used boat will be examined. The value of the yacht will also be estimated by the surveyor.

A thorough inspection will not be rushed and will depend on the type of survey required based on vessel size, equipment and on-board systems. There may be additional services available such as engine surveys, oil analysis, galvanic and corrosion testing, ultrasonic testing, moisture testing and other non-destructive tests. There may be additional charges for these and other services.

Well conducted surveys can provide good information on the vessels' condition, but they are not guarantees. The surveyor reports the condition in accessible areas only as it exists at the time of inspection. It is his professional opinion of the condition of the vessel.

Read more about what to expect from your marine survey.