Vessel and Ship Valuation Services involve the expert assessment of the fair market value, insurance value, scrap value, and residual or replacement cost of marine assets including ships, barges, tankers, offshore vessels, and other watercraft. These valuations are critical for financial transactions, insurance, taxation, mergers and acquisitions, charter agreements, asset revaluation, and dispute resolution.

Scope of Services

1. Types of Vessels Covered:
   • Cargo Ships (Bulk carriers, Container ships)
   • Tankers (Oil, LNG, Chemical)
   • Passenger Vessels (Cruise ships, Ferries)
   • Tug Boats and Barges
   • Offshore Support Vessels (OSVs)
   • Fishing Vessels
   • Dredgers and Survey Vessels
   • Naval and Coast Guard Vessels
   • Yachts and Leisure Boats 

2. Valuation Purposes:
   • Fair Market Valuation for sale, purchase, mergers, or acquisitions
   • Insurance Valuation (Hull & Machinery / Total Loss)
   • Scrap or Salvage Valuation
   • Loan Security and Mortgage Valuation
   • Charter Rate Justification
   • Accounting and Asset Revaluation
   • Litigation, Arbitration & Dispute Resolution
   • Regulatory & Taxation Purposes
   • Liquidation & Bankruptcy Proceedings 

3. Parameters Considered in Valuation:
   • Age, size, type, and classification of the vessel
   • Build quality, materials, and shipyard reputation
   • Current physical condition and maintenance status
   • Technical specifications (e.g., tonnage, engine type, speed)
   • Flag and registration details
   • Class certification and survey history
   • Market trends and comparable sales
   • Trading pattern and income generation capability
   • Remaining economic life and residual value 

4. Inspection and Evaluation Process:
   • Physical inspection of the vessel (if accessible)
   • Verification of documentation and ownership records
   • Review of maintenance logs, class records, and ship drawings
   • Market research and analysis of recent comparable vessel sales
   • Use of internationally accepted valuation approaches such as:
     • Market Approach
     • Cost Approach (Depreciated Replacement Cost)
     • Income Approach (Discounted Cash Flow, when applicable) 

5. Deliverables:
   • Comprehensive Valuation Report
   • Photographic documentation
   • Technical assessment summary
   • Valuation methodology with justification
   • Certificate of valuation (on request)

 Why Choose Us

Our firm brings deep industry expertise with a multidisciplinary team comprising marine engineers, chartered engineers, and registered Valuers. We are well-versed with international marine valuation standards and comply with regulatory guidelines such as those set by the International Valuation Standards Council (IVSC), Insolvency and Bankruptcy Board of India (IBBI), and IMO regulations where relevant.

We have experience in providing ship and marine asset valuations to:

• Banks and Financial Institutions
• Insurance Companies
• Government Maritime Authorities
• Shipping and Logistics Companies
• Courts and Tribunals