A Condition and Valuation Survey (C&V) is the most commonly requested type of marine survey. It provides a comprehensive assessment of a vessel’s current physical condition, along with a fair market valuation based on its equipment, build quality, maintenance status, and overall seaworthiness.

This survey is typically required by insurance companies for policy underwriting or renewal and by financial institutions for financing or refinancing purposes. Buyers also rely on this survey prior to purchasing a vessel to ensure they’re making an informed decision.
The process includes a thorough examination of all visible and accessible systems onboard — including hull integrity, propulsion, electrical systems, safety equipment, and structural components. Findings are supported with photographs and standardized ratings.

At 71Boat.com, we ensure each Condition and Valuation Survey is documented clearly and professionally, with recommendations for necessary repairs or safety upgrades. Our reports are designed to meet the needs of underwriters, brokers, and private buyers alike.