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WHAT IS A MARINE SURVEY?
It is a critical examination or inspection of a marine vessel for a specific purpose; the action of ascertaining facts regarding conditions or the condition of something to provide exact information especially to persons responsible or in fact interested; an examination of a vessel or a part of its cargo or equipment to determine its condition, responsibility for damage and disposition to be made.
WHAT DOES IT MEAN TO ME?
Usually vessels are financed up to a certain percentage of their value. The remainder is your down payment. My survey advises the financial institution of the value of your vessel. It also aids you in the fact that you are insured sufficiently to meet any loss and that your vessel meets criteria for safe operation and welfare of your crew and passengers.