Pre-Purchase Inspections
Powered by the Idwal Grade, known around the world
Leading partners to the S&P market
Leading brokers, shipowners, banks and financiers use our pre-purchase inspection services to fully understand the condition of their intended acquisition and the capital expenditure demand that will be required.
Your global ship inspection partner
Acquiring a second-hand vessel is a major investment that takes time and resource. It requires a thorough assessment of the candidate vessel and an understanding of the potential risks and capital demands associated with bringing a new vessel into the fleet before the final purchase decision is made.
We are market leaders in asset integrity inspections, operating predominantly in transaction-focused markets. We have highly experienced and competent surveyors with experience across a broad range of vessel types and we produce thousands of inspection reports every year.
Achieve clarity at a glance
Thanks to our standardised asset integrity rating, the Idwal Grade® we can provide a clear visualisation of the condition of your vessel that is easy to understand at a glance and we are able to accurately compare your ship to others in its class, whilst maintaining complete confidentiality.
The Idwal Grade is an industry recognised measure of asset integrity, programmatically calculated from over 500 individual data points, captured during a standardised inspection process. It is represented as a number between 1 and 100 so the vessel integrity is simple to understand, regardless of your technical or operational experience.
Why Idwal?
Idwal is the ship inspection, technology and data business. The global leader in independent sale and purchase inspections and the industry’s trusted partner for fleet condition monitoring.
Idwal’s 500-point inspection reports provide transparent and actionable insights into a vessel’s maintenance, quality and ESG compliance, contextualised by the Idwal Grade®, the industry standard for measuring asset integrity.
Idwal’s data-driven methodology ensures that reports are consistent, intuitive to read, accurate and free from bias. Trusted as the industry standard, they inspect almost half of all vessels sold each year.
Founded in 2010, Idwal is based in Cardiff, UK, with offices in Singapore, Shanghai, Tokyo and Athens, and with an extensive surveyor network around the globe.
The Idwal Grade®
The Idwal Grade is the gold standard of ship condition grades, used by financiers, shipbrokers, and shipping companies across the globe.
Right of Reliance
All of Idwal's projects, inspections, and services come with a right of reliance on report validity and accuracy, giving you peace of mind.
Technical Excellence
All Idwal services and inspection reports are underpinned by an extensive QA programme, supported by shoreside ex-seafarers.
Speed of Service
Idwal strives to accommodate even the most short notice inspections, with reports delivering within 5 working days.
Dedicated Platforms
Idwal's in expert in-house software engineering team have developed dedicated platforms for condition improvement & S&P services.
ESG & Social Impact
Alongside Idwal's standard condition inspections and data benchmarking, we have developed ESG and Social Impact scores for the market.
Looking for Pre-Sale Inspections?
Typically owners have elected to place their vessel on the market via brokers and then wait for multiple interested parties to inspect the vessel. This process can be chaotic and disruptive and it is challenging for sellers to manage the process.
Using the pre-sale method:
- Concierge features to assist you through the process
- Control of the inspection process without multiple inspectors attending the vessel
- Increased number of serious buyers & potential for “clean” offers
- Reliance on the report data by all parties who purchase the report
This is a cost-effective solution, which often neutralises the inspection costs and keeps the sellers in full control. Reports are kept confidential to serious buyers only and have a high-transaction success rate.
Sample Reports
Get in touch
If you have any questions about Pre-Purchase Inspections, use the form below to get in contact with a member of the Idwal team who will be more than happy to help.