The hull identification number identifies the vessel, and engine hours measure its wear.

Marine vessels

Powerboats, sailboats, personal watercraft, pontoons.

Fields on every file

Marine values swing with season, region, and water history, so you record hull material, engine configuration, length and beam, and whether the vessel ran in salt or fresh water. You attach the marine survey as evidence in its own right, the way the trade already works.

  • Hull identification number, length, beam, draft
  • Engine hours and configuration
  • Hull material and construction
  • Salt or fresh water history
  • Sea trial and haul-out status

Governing standard

USPAP Standards 7 and 8, with the SAMS survey types

The survey type is the report type in the trade vocabulary, the findings number each deficiency with a severity, and the report states whether a sea trial ran and whether the vessel was hauled.

Credentials

Required to practice
SAMS accreditation
Optional designations
Accredited Marine Surveyor

Source documents

Titles and registrations, marine survey reports, engine logbooks, service receipts, bills of sale.

Report types

  • Condition and valuation
  • Limited condition and valuation
  • Damage inspection
  • Appraisal
  • Sea trial

The finished report

The findings section numbers each deficiency with a severity, and the value section prints fair market value and replacement cost on two separate lines.

Every report prints the cover, letter of transmittal, executive summary, subject identification, assignment and scope of work, condition analysis, methodology, comparable analysis, reconciliation, certification, signature, sources, supporting documents, the legal notice, the appraiser certification appendix, and a verification page whose QR code resolves to the record.

Other asset classes