With our extensive theoretical knowledge and practical experience, we provide support for various aspects within the yacht and sailboat industry, including purchasing, selling, damage assessments, repairs, and refits. We are pleased to offer our expertise in guiding you through your new building project.
• Condition reports
• Pre-purchase and purchase advice
• Valuation reports
• Accident reports/damage assessments
• Evidence preservation procedures
• Detection of hidden defects
• Construction supervision/quality assurance
We compile boat reports on behalf of private yacht owners, shipyards, insurance companies, and courts.
Our commitment extends beyond the report submission, as we remain available to offer ongoing advice and assistance related to equipment, conversions, or refits.
Whether you are selling or buying a ship, a valuation report is crucial for determining the appropriate pricing. We create comprehensive appraisals after repairs or refits, establishing the current market value of your yacht. This report also serves as an insurance report, determining the current value for insurance purposes.
As appraisers, we consider various factors such as type and duration of use, condition, functionality, safety, and potential maintenance or servicing costs. Our evaluation also addresses price expectations, market depreciation values, and adjustments of insured sums based on the yacht's condition and equipment.
Working reliably and independently with numerous yacht insurance companies and brokers, we determine repair costs, replacement values, or losses in value resulting from damages. Our experienced team meticulously documents findings through photographs and written reports, preparing expert reports that can be utilized in court if necessary. We collaborate with other specialists as needed, design repair plans, verify cost estimates, and monitor expenses during the repair process.
We conduct inspections on sailing and motor yachts worldwide, up to a length of approximately 30 meters. Our evaluations determine the current technical condition of a yacht, providing insights into its value and the required efforts for repairs or overhauls. Our thorough examination includes hull components (wooden, metal, or plastic), engine and propulsion systems, bilge pumps, fire extinguishing systems, steering systems, bow thrusters, stabilizers, electrics and electronics, as well as rigging and sails. Test trips under sail or motor, along with numerous functional and maneuvering tests, are part of our assessment.
The cost of our report is often justified by the solid foundation it provides for purchase price negotiations.
Disputes concerning damages and their resolution often escalate to legal proceedings. Issues may arise when agreed-upon costs are not adhered to, services are inadequately performed, or invoices are arbitrarily reduced, leading to the need for intervention. Facing a contentious counterpart can pose challenges, and various recourse options are available to address such circumstances. In situations where out-of-court settlements prove unattainable, a court report becomes a pivotal tool.
Typically, the initiation of a court report is exclusive to the court's jurisdiction. The involved parties exert no influence over the scope of the court's request for an expert opinion or the selection of the appointed expert. Conversely, private reports are commissioned independently by one of the parties outside of formal legal proceedings. Recognition of a privately commissioned report by the opposing party may confer rights based on its findings.
It is imperative to consult with legal counsel beforehand to clarify the options and implications associated with commissioning a private report. This strategic approach ensures a well-informed decision-making process and enhances your position in navigating disputes.
Preservation of Evidence
For cases where repairs were not carried out professionally or faulty products were used, securing evidence is essential. We examine the circumstances and work performed, record any errors found, and secure all relevant evidence. Our evidence preservation report serves as a basis for presenting claims in legal disputes.
Arbitration Report
In resolving disputes, an out-of-court settlement is often preferable. An arbitration report, commissioned by both parties, aims to achieve a neutral and mutually agreeable solution. The report is binding for both parties and prevents the dispute from being reopened.