Marine Valuation Reports for Marine Insurance / Finance or Probate

Fees from £6 / ft – European Marine offer marine valuation services for both commercial and leisure craft. To include but not limited to large motor boats, sailing yachts, steel barges, narrow boat, broads cruisers etc.
We currently act for several leading marine insurance, banks and finance companies.

As CPR 35 Accredited Experts we also undertake client’s instruction to value vessels of all types for reasons of dispute and legal settlement.

Valuations are carried out on an As-Seen / Walk Through basis, and the vessel can be afloat or ashore.

Your professional Marine Surveyors for the Norfolk Broads, Suffolk, Essex, Kent, Cambridgeshire, & Lincolnshire

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Subject to Instructions and Information Provided – Valuations are made on the understanding that the vessel structure is reasonably sound and the engineering is in workable condition.

Example:

Market Valuation                          Four Winns 238                          # 00000-15

Four Winns 238 c1997 (NV) is a GRP construction offshore express motor cruiser with a single inboard petrol engine and outdrive propulsion, being inspected on the 07 August 2015 whilst ashore at the St Olaves Marina, St Olaves, Norfolk

The hull design is medium V and is a production build motor cruiser

The Fair Market Value herein is defined as the highest price that can be obtained by a willing seller from a willing buyer, with neither being compelled to buy or sell, and the subject vessel having been offered on the open market for a reasonable time. The guidelines used for valuation are as provided by industry pricing guides. Estimates based on currently listed asking prices, along with market conditions were also considered.

  • Market Valuation(s) are based upon the vessel’s current condition as seen, and on the basis that the single inboard petrol engine require only general servicing, and suffers from no significant mechanical or water damage.
  • The current market selling conditions for this Four Winns model (or similar vessel) being taken into consideration.
  • The valuation of any vessel is generally a matter of the valuer’s opinion rather than fact

 

Highest Market Value          GBP    £  00,000.00 

Fair Market Value                 GBP    £  00,000.00

 

Signed.                        John E Clabburn                              Date:            August 2015

Director                       MIIMS, YDSA, C.Eng, Dipl.Na, AFA, QDR

For:      European Marine Services Ltd

Marine Surveyors & Consultants