Vessel Appraisal

More than 80 percent of the world’s trade goods and services are provided by sea transportation. An effective maritime industry, which facilitates the movement of commodities, products and people, is a development indicator and its good, safe and low cost increase its importance. A big asset in our country and the world, vessel appraisal is a service in which all means (such as research vessels, petrol-gas, etc., floating platforms, ferries and tankers, commercial and private yachts) are valued and the necessary reports are generated for port operation investments and shipyard businesses. Vessels are mostly assessed using comparison approach, and depending on the developments in the maritime sector, income approach and cost approaches can also be used. It can be used simultaneously in all 3 approaches, especially in unique industrial type marine vehicles.

How Does the Vessel Appriasal Process Proceed?

The overall condition of the vessel is dealt with in the finest detail. The age, tonnage, structure, features, fuel consumption, state of the engine room, capacity of the equipment, control of life rescue equipment, control of fire equipment, capacity of warehouses are examined in detail.

In addition to these details, secondhand markets are examined under current market conditions to determine the asset’s value, and the location of the asset in terms of trading.

The appraisal processes of vessels consist of 3 stages. In the first stage, the structural, mechanical and cosmetic conditions are subjected to a detailed examination with the determination to be made, in the second stage, financial and legal situations of the vessel are analyzed, in the third stage, the freight prices that direct maritime trade and the preferred vessel types are analyzed, and the value is evaluated by cross-checking by determining the zero construction prices and depreciation in line with the economic life.

Vessel Appriasal