Important notes to keep in mind when buying and selling ships

What to do when buying and selling ships?
When buying and selling ships, customers must conduct ship inspection. The inspection of ship purchase and sale is the condition of the ship condition, the condition of the ship before the time of purchase, including a comprehensive inspection of the ship's condition and operation.
Inspection of ship conditions
This is extremely important to provide the necessary information regarding the lease / return contract, financial projects, rent or change of owner. This service may be required including ultrasound to check the thickness of the hull.

Under ideal conditions, the ship's condition assessment before the time of purchase includes three stages:
- State 1:
Inspection of the entire structure of the submerged vessel in the water, the hull wall (left-right) is checked by sound and checked with a moisture meter to determine the structural accuracy of the submerged vessel, hull, rudder, hull and propulsion components. Check electrical systems and electronic equipment equipped on board. However, some test systems and verify certain components, such as marine valves, stuffing boxes and steering systems.
- Phase 2:
Inspect all ship structures before purchasing ships, for systems operating in idle conditions to check the integrity of marine valves, hulls, and systems.

- Stage 3:
The ship operation inspector is conducted with all machinery and operating systems. Inspection of ship operation is carried out according to customer requirements. Machinery is carried out under load and all systems and components of the vessel are inspected under actual conditions before purchasing ships according to the process:

+ 40- 60 minutes for operating the rewinding machine to operate normally.
+ Inspection of measuring equipment and control equipment.
+ Measurement of exhaust / discharge temperature, body temperature.
+ Inspection of exhaust gas system, assessment of exhaust system integrity.
+ Full capacity test (at the maximum rpm of the main machine).
+ Check the steering system, try to stop the emergency machine, try the reverse.
+ Inspection of marine electronic equipment and navigation equipment, scooter.
+ Check electrical system.
+ Checking the pumping system for yelling
+ Check the clean water pumping system ...

Insurance inspection before buying and selling ships

Insurance requires condition assessment, ship status to verify the risks of the ship lies in the acceptance of the insurance. Should insurers assess the overall structure of the ship to determine fair market value, determine the presence of any hazardous conditions, risks that may affect the ship's influence. on the sea.

Ship insurance inspections may be performed when the ship is floating or on floating dock. If the ship floats. This process is not as detailed as the ship condition assessment prior to the time of purchase, ie there is no comprehensive inspection. Critical systems of vessels at risk of significantly affecting the value of the vessel will be assessed. Safety systems and structural systems are the main concerns.

Ship valuation

Inspection and price appraisal before buying and selling ships to determine the market value of the ship and used for many purposes such as mortgages, real estate assessments and disputes. This process focuses on the condition and value of the structure of the vessel and its accessories and equipment.