This is how you do a pre-purchase boat survey

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Carry out a pre-purchase boat survey
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• Choosing a Marine Surveyor,
• Understand the surveyors choices
• Match the surveyor to the precise boat
• Understand Surveys from both buyer sellers
  perspective

3

• Like an inspection for the car but for your boat
• If you have
• found the right boat
• already looked up the HIN Report at
  boat-alert.com
• Or you are
• selling your boat and found a buyer at the right
  price

4

• Tough for the surveyor
• Surveyor works for the buyer
• Broker and owner want to get paid for the used
  boat sale
• Broker might refer clients to surveyor
  potential Conflict of Interest
• SAMS and NAMS have clear Codes of Ethics for
  members

5

• Surveyors are not supposed to
• Tell you to buy
• Overemphasize minor problems
• Downplay boat issues
• Boat owners are rarely surprised by surveys.
• Remember that a survey report goes to the
  Insurance company too. So it must be accurate.

6

• Code of Federal Regulation (CFRs) or Coast Guard
  regulations.
• requirements for safety equipment, navigation
  lights, sanitation, engine, fuel, electrical
  systems on gasoline-powered boats
• Recommendations of American Boat and Yacht
  Council (ABYC) Standards
• Additional standards by National Fire Protection
  Agency (NFPA)
• The standards cant help evaluate the importance
  of certain things when a surveyor is faced with a
  system on an older model.

7

• A normal pre-purchase
• inspection of the boat to ascertain its condition
• check its systems for basic operation and
  adherence to applicable regulations and standards
• look for any warning signs which can recommend a
  follow-on inspection by a specialist
• determine its overall value.
• Note Some areas wont be inspected and no
  guarantee that an electrical component would stop
  working in coming weeks.

8

• Inspection on its hull and bottom cleaning within
  mid day
• A hull inspection once the boat dries
• Re-launching and a quick sea trial, followed by
  any more inspections needed

9

• Survey on large inboard boats with expensive
  engines
• Surveyor may suggest including an engine surveyor
  within the deal
• This is common on larger powerboats
• On sailboats, some surveyors travel up masts for
  rigging inspections, but it adds time and expenses

10

• Report given by surveyor will contain
• Descriptions of the boat and each system onboard.
• Findings and proposals, divided into levels of
  importance.
• A statement of the boats overall condition.
• Fair market and replacement values for the boat,
  supported by comparable sales or industry data.

11

• Some surveyors use a flat rate depending on the
  length of the vessel. Others use an hourly rate.
• A pre-purchase survey will cost about 22 per
  foot, itll be higher on larger and complicated
  boats.

12

• Let the surveyor assess any red flags for you
• If theres a deal breaker for you, let the
  surveyor know first.
• Its common for the surveyor and client to agree
  on partial payment in case of an apparent defect.
• Be there physically
• Write down your questions

13

• Keep a log with all invoices for maintenance and
  repair work performed on the boat throughout its
  life.
• As a surveyor, once you hear the owner is
  extremely handy, and hes done plenty of labor on
  the boat himself, its a red flag.
• Prior to the survey, clean the boat and remove
  any clutter.
• Be available to answer questions and use common
  sense

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