Pre‐purchase Survey

Pre‐purchase Survey

Provide a view on the vessel’s design and assess the competitiveness of the assets compared to current fleet of similar vessels in the Industry
‐Review the planned maintenance system (PMS) including defect reporting
‐Inspect monthly operating expenditure (OPEX) data, maintenance records, dry‐docking records and spare parts ordering
‐Identify the major items of upcoming capital expenditure (CAPEX), including dry dockings,specialsurveys and any modificationsto the shipsthat may be required as a result of impending regulatory changes
‐Assess the reasonableness of maintenance related OPEX and CAPEX
‐Identify the cause and nature of unexpected maintenance work which, according to management,significantly affected profitability; and assessthe effectiveness of corrective actions taken by management
‐Identify any technical and operational risks and suggest mitigation
‐Assess how assets have been maintained, to what extent breakdown maintenance occursregularly, hull condition, condition of the assets, likely availability going forward
‐Assessthe quality ofthe company’sfleet management, which includes office audit of the target group’s operating procedures, maintenance policies and procedures,safety management system, internal and external audits, records of emergency response drills, and other key performance indicators.
‐Assessthe lease agreement and charter contractsfrom the technical perspective such as warranties pertaining to the condition of the vessels/ rigs, liability for defects and repairs at end of charter terms etc.
‐Review and evaluation of the insurances details of vessels
‐Pre‐purchase/ condition survey of vessels/ rigs.
If instructed, we implement an innovative data analytics survey reports ‐ Saving Time for Decision Makers