Damage and Valuation Surveys are crucial after marine accidents, grounding, fire, collision, or equipment failure. We provide timely, factual, and neutral damage assessments to support insurance claims, legal disputes, or internal investigations. For valuation purposes, we determine a vessel’s fair market worth based on condition, age, build specifications, and global market benchmarks.

When Are These Services Required?

• Post-accident reporting for insurance claims
• Supporting legal investigations or arbitration
• Renewal of hull and machinery (H&M) insurance policies
• Asset valuation for sale, refinance, or estate planning
• Mergers and acquisitions involving vessel assets

What’s Included in a Damage Report

• Extent and nature of the damage
• Cause analysis and impact summary
• Photographic documentation and sketches
• Safety, seaworthiness, and operability assessment
• Cost estimates for repairs or restoration (if required)

What’s Included in a Valuation Report

• Vessel specifications and build data
• Current market trends and asset benchmarks
• Physical condition and remaining service life
• Valuation in USD or local currency (as requested)
• Statement of limitations and certification of independence