Shipping, as a commercial venture, requires appraisals and valuations of equipment for financing, investment, taxation, insurance, limitations of liability and general average purposes.
The firm typically performs over 100 vessel appraisals and numerous equipment and facility appraisals each year. In addition, classification record reviews and on board condition surveys are routinely carried out in conjunction with the valuations.
A computerized appraisal database, which contains practically every large ship sale in the world, is maintained, as well as up-to-date research files on ship repair and construction costs, charter rates, industry trends, regulatory requirements and their associated commercial effects. Some references date back to the late 1800’s and have been used in complex ship finance and taxation issues.
In addition to a standard appraisal, the firm also performs detailed economic or investment analyses of entire shipping corporations, shipyards, cruise lines, offshore or transportation ventures, including specific geographical trades.
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