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Methodolgy

METHODOLOGY

OUR METHODOLOGY

The  Idwal Grade is comprised of over 500 separate data elements which are tirelessly collected during the physical inspection process.

A physical asset inspection ordinarily requires between 8-12 hours onboard, with full access to all areas of the vessel necessary to ensure the job is completed to the right standard.

Each Idwal surveyor is armed with a uniquely rigid and digitalised inspection framework which takes into consideration every conceivable component of the vessel, requiring data points to be input and supported with objectified evidence. The framework guides the surveyor explicitly through the inspection process and ensures a greater level of objectivity and sophistication in the inspection process.

Evidence is provided in the way of logs, certificates, photographs and onboard documentation which are uploaded, organised and then analysed by our internal technical team, alongside the supporting algorithms in support of the physical viewpoints and data collected by the attending surveyor.

The data points are then categorised into 21 separate sub-categories of the vessel, which are then sub-graded in accordance with the inputs, to finally produce two key outputs:

  1. The Idwal Condition Grade
  2. The Idwal Management Grade

Both grades are then combined and calculated to produce the single "Idwal Grade" which provides the single "snapshot" of vessel condition and unique basis for comparison against the wider market.

For more information or details on our methodologies please contact us enquiries@idwalmarine.com.

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IDWAL NEWS

We're uploading blogs, interesting articles, and the latest news weekly. Check back to keep yourself up to date.
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Idwal Summer Roundup

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Interview with Marine Surveyor and NCI Watchkeeper, Tomas Owen.

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CAV: Integrating ship inspection data with asset valuation

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