Appraisal Inspection: Determining Fair Market Value

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An Appraisal Inspection is a concise evaluation to determine a vessel's fair market value for various purposes, including:

• Financing
• Estate settlements
• Donations
• Legcases (e.g., divorce)

This inspection is less comprehensive than a Condition and Value (C&V) survey, focusing on the surveyor's overall impression of the vessel's condition. The written report will include:

• Basic vessel information
• General condition comments
• Estimated fair market value

The Appraisal Inspection provides a brief, yet informative assessment of a vessel's value, suitable for situations where a detailed C&V survey is not required.