FAQ

Why Do I need a survey?

The purchase of a boat may be the largest or second-largest item of expenditure you ever make in your lifetime; it therefore makes good sense to have a professional Marine Survey carried out before you part with your money.

The Marine Survey should be undertaken by a reputable practitioner who is a member of a recognised professional body such as
IIMS – International Institute of Marine Surveying – www.iims.org.uk or www.marinesurveyorsregister.com
YDSA – Yacht Designers & Surveyors Association – www.ydsa.co.uk
RINA – Royal Institution of Naval Architects – www.rina.org.uk
The above are a few representative organisations whose membership ensures minimum standards of proficiency and diligence together with Professional Indemnity Insurance, which will protect you in the event that the Marine Surveyor makes a mistake or fails to identify an important defect in the craft.

It is also important to understand that a condition survey will not usually include a detailed examination of the engine and gearbox, other than a superficial check. If you want complete peace of mind it will pay you to commission a full marine and engine survey, with the latter possibly requiring the services of a separate qualified engineer.

Be careful to stipulate what kind of Marine Survey you require, remember you get what you pay for – a valuation Marine Survey will only confirm the true worth of the vessel, whereas a full condition Marine Survey will include detailed testing of the hull and careful inspection of normally inaccessible parts of the boat.

 

Do I get a Warranty or Guarantee when I buy my boat?

As a general rule it depends on where you purchase your boat, if you purchase it from a Dealer as used stock, you would normally expect some sort of pre sales check to have be completed prior to acceptance together with a warranty or guarantee for 3 to 12 months, unless otherwise stipulated as a condition at the time of purchase, this all depends on the procedures adopted by each individual dealer, however with Brokers this is different, there is no assurance or cover offered generally because of the very nature in which the transaction is conducted, as its being sold on behalf of the existing owner and as the broker does not own the boat, the caveat emptor (buyer beware) model is used rather than caveat venditor (let the seller beware).

However with changes in the UK, consumer law has moved away from the caveat emptor model, with laws passed that have greatly enhanced consumer rights, with consumer rights being regulated by the Sale of goods act and no longer applied in consumer law the principal of caveat emptor is generally held to apply to transactions between businesses, unless it can be shown that the seller had a clear information advantage over the buyer that could not have been removed by carrying out reasonable due diligence.

Today more and more, Manufacturers, Dealers, Brokers and Agents are looking for ways in which they can provide additional consumer reassurance in the purchase transaction – as with all other areas of the consumer market who have had such products available for sometime and whose customers expect it.

 

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