A damage survey is an inspection of something that has been damaged and for which a claim has been made, in order to determine the extent and cause of damage. Such inspection can be ordered on behalf of insurers, underwriters and/or private persons, who have a legal right to order it.
A Valuation Examination is a basic inspection of a yacht that will determine her value. A surveyor has to check the whole yacht including all her circuits and systems and has to set her resale value, her insured value and compare it with the existing local market. Such inspection can be ordered on behalf of insurers, underwriters and/or private persons, who have a legal right to order it.
A pre-purchase survey is a thorough inspection of the yacht’s structural and watertight integrity, systems installations, and operating condition, as well as performance. Also known as a “Buyer’s Survey”, it is a detailed examination/inspection of a yacht to determine her condition and value. Such survey can be ordered by any person, who has a legal right to order it.