Marine Surveyors Cayman can perform a thorough Yacht Survey and guide you in selecting your yacht, whether previously owned or a new build.
Yachts are purchased with the desire and intent of recreation, vacation, relaxation, and stimulation. Don’t let your dream of owning a yacht turn into a nightmare.
New And Pre-owned Yacht Surveys
When selecting a previously owned yacht, assessing the condition of the structures and systems, (within the limitations of technology and budget), should be your first consideration in order to avoid buying a headache.
Marine Surveyors Cayman has the knowledge, experience, and technology to properly vet your prospective yacht investment based upon your intended purpose and budget.
For new yacht acquisitions, Marine Surveyors Cayman can help in the selection of new boat builders by narrowing your criteria, based upon a careful analysis of your needs and desires coupled with your anticipated budget and operating expenditures.
Pre-Purchase Marine Survey
The purchase (or charter) of any yacht (power or sail) should be a well-thought-out undertaking with details of the primary objective (whether for pleasure or profit) followed up with a careful Pre-Purchase Marine Survey and analysis of what will follow the purchase:
- Regulatory Compliance
- Operating Cost (including crew and insurance)
- Maintenance and Repairs to expect
- Moorage / Docking Fees / Storage
Most importantly though is the suitability of the marine vessel, considering the primary purpose of your investment and the constraints of your budget.
Whether Motor or Sailing Yachts or smaller watercraft, Marine Surveyors Cayman has the knowledge and experience to help you with your Pre-Purchase Marine Survey , analysis and due diligence.
Marine Surveyors Cayman understand the economics of both commercial and pleasure craft and can help you analyze your situation (with you and your accountant making the final decisions) in order to minimize your risk and help maximize your “Return On Investment”, whether in the form of profits or pleasure.
We can help eliminate unknowns, increase up-time, and reduce the cost of owning your new asset.
Anytime you have metal in contact with seawater or fresh water you will have corrosion. By installing and MAINTAINING sacrificial anodeson your vessel, boat lift, retaining wall or fresh-water storage tank, the “sacrificial anodes” are consumed in the corrosion process instead of the metals protected by the sacrificial anodes.
This is why manufacturers install calculated sacrificial anodes
(usually zinc, but also aluminum, as well as magnesium for strict freshwater use) on new watercraft (boats, ships, barges, even jet skis).
However, over time the sacrificial anodes are consumed and need to be replaced (usually calculated for once a year).
Additionally, on many boats and vessels, the sacrificial anodes are used in a “bonding” system so that interior wires “electrically” connect underwater metals (i.e. through-hull fittings, propellor
shafts, engines). This provides corrosion protection to exposed metals to which it is not practical to attach individual sacrificial anodes.
Over time, these electrical connections can deteriorate or break and the sacrificial anodes can be consumed or damaged, leaving exposed metals unprotected.
Pre-Purchase Corrosion Surveys and scheduled Corrosion Surveys are an extremely important aspect of acquiring and maintaining any vessel, whether tankers freighters , superyachts , or smaller recreational vessels.
Unprotected metals can corrode very quickly, causing leaks (through-hull fittings), reduction in performance (propellors) and even breakdowns (propellor shafts and supports). All of these problems can result in vessel downtime and expensive repairs.
Marine Surveyors Cayman has the capabilities and experience to conduct corrosion surveys to determine if your boat or other asset has sufficient “cathodic protection” with functioning “sacrificial anodes”.
Marine Surveyors Cayman also conduct tests to verify that your vessel’s electrical circuits are functioning correctly and not interfering with the corrosion protection of the sacrificial anodes.
Marine Insurance Surveys
Marine Surveyors Cayman has years of experience working with marine insurance companies and their clients, conducting independent marine insurance surveys for:
- Obtaining Coverage
- P & I (Protection and Indemnity)
- Hull and Machinery
- Small Craft (Private and Commercial)
Marine Surveyors Cayman knows what marine insurance companies require and also what they expect in case of an insurance claim. In all Marine Insurance Surveys, Marine Surveyors Cayman works to protect our clients within the limits of the applicable insurance policy and the ethical standards we are known for. As Independent Marine Surveyors, we conduct Marine Insurance Surveys dispassionately and without prejudice.
As the Lloyd’s agent for the Cayman Islands (since 2000) we are routinely audited and our files inspected to insure our Marine Insurance Surveys are in compliance with Lloyd’s Agency standards. Marine Surveyors Cayman undergoes in-house training with Lloyd’s and has the support of the Lloyd’s organization in all matters pertaining there to.
Marine Surveyors is recognized and approved by most insurance companies throughout North America and the Caribbean.
Marine Surveyors Cayman is dedicated to serving and promoting both recreational and commercial maritime activities.
We are educated Marine Surveyors who keep up with the latest technical advancements and regulatory requirements, provide the best services (including Marine Insurance Surveys) to owners, charterers and mariners, whether recreational or commercial.
Marine Surveyors Cayman can assist in your selection with you and your financial advisor making the final decision.