WHY A SURVEY? SURVEYING DUTIES INCLUDE:

To provide adequate knowledge of a vessel to the prospective buyer in order to determine whether he or she wishes to proceed with the purchase. To establish the Estimated Fair Market Value. To provide substantial information to lender, facilitating the decision-making process in acceptance of the financial risk. To provide the insurer with pertinent structural and safety features and condition to ensure that the vessel is a sound insurance risk.

CHOOSING A SURVEYOR In choosing a surveyor, consider the following factors: High ethical standards and an unbiased approach. Trained personnel with an on-going training program. Acceptance by the major lending and insuring institutions in your area. Use of a comprehensive reporting system that is easy to understand and evaluate. NAMS certified surveyors are in acceptance by the major lending and insuring institutions throughout the United States.

WHEN SHOULD A SURVEY BE CONDUCTED?
At the time of purchase of any used vessel At the time of on and off charter At the request of the Financing Company At a minimum of every four to five years	At the time of any major damage At the request of the Insuring Company Shortly after any Major Grounding