The valuation of marine assets typically relies upon a number of desktop-based assessments combined with the prevalent market conditions, comparisons of previous sales of similar assets and overall market sentiment. Desktop valuations commonly assume a vessel is in fair condition with all relevant Class, Flag and certificate requirements in place and rarely is the actual condition of the asset itself taken into consideration.
Through the development of a Condition Adjusted Valuation model, developed in collaboration with VesselsValue we can provide greater granularity and accuracy, allowing the industry to move beyond assumptions that all vessels are in a fair condition.
Condition Adjusted Valuations combine a vessel’s actual condition, measured using our unique Idwal Grade, with algorithmic-derived market values to account for a vessel’s physical condition; in a first for the maritime industry.
Leading banks, funds, shipowners and financiers use our condition inspection services to obtain a Condition Adjusted Valuation from our partners, in order to fully understand the true value of their investments.
With Idwal you can also expect total confidentiality of all report information. Reports are never re-sold or passed to third parties, unless specifically requested for the purposes of obtaining a Condition Adjusted Valuation.
“We’re thrilled to enter a partnership collaboration with Vessels Value to bring Condition Adjusted Valuation to the industry. Through the combination of Idwal’s latest inspection reports and Idwal Condition Grade data with the daily automated values from VesselsValue, users now have unequalled visibility into their potential ship's true value - which effectively speeds up the decision-making processes for individuals and organisations across the globe. This is just one of the ways Idwal is seeking to bring inspection data back to the industry to help it make better informed and smarter decisions"
Nick Owens - Idwal Chief Executive Officer