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Discover the new pre-sale module
We are pleased to announce the launch of our new module for pre-sale inspection reports, which streamlines their online distribution to facilitate the sale and purchase (S&P) of vessels. The module enables the following benefits to sellers and buyers:
Ability to authorise potential buyers’ access to the relevant Idwal report and distribute to interested parties
Insight into who is engaging with the asset information
Not dealing with multiple third-party inspections for potential buyers
Full assurance of report authenticity
The right of reliance on the report’s validity and accuracy
No need to organise pre-purchase inspections
This evolution of Idwal’s current service automates some of the manual tasks for all involved and marks another step towards a more efficient S&P inspection process.
Your Pre-sale inspection partner
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.
The Idwal Approach
Why Idwal?
With over one hundred years of heritage and an ethos of quality, innovation, and integrity, Idwal is known for accurate, consistent and objective inspection reports as well as a continuous commitment to raising the standards of ship inspections worldwide.
We are supported by our offices in the UK, Shanghai, Tokyo and Greece and have an extensive global network of surveyors.
All inspection reports feature the Idwal Grade®, a number between 1 and 100 showing the integrity of any maritime asset or investment whilst enabling easy benchmarking and comparisons at a glance.
kEY fACTS
On average, Idwal inspects more than 50 ships every week
Idwal has one of the largest Surveyor Networks in the world, covering ports in over 90 countries
Average report re-sales per vessel is between 4-8 times
Reports are delivered in 5 working days
Reports delivered online, and shared under strict control
Pre-sale inspections are now used in over 30% of all S&P deals
Pre-sale inspections are used by some of the biggest shipping names of the world...
“K Line has used Idwal’s pre-sale services on numerous occasions to encourage an open and fair selling process for ships placed on the S&P market. The process is seamless, transparent and has generated high levels of interest in the buyers’ market with good, clean offers which have concluded in successful sales of K Line vessels.”
K Line
“As one of the largest shipping companies in the world, MOL has used the services of Idwal to conduct pre-purchase inspections of vessels which are marketed for sale. Idwal is a reliable and trustworthy company that always provides fair and independent inspection reports to MOL’s vessels in line with MOL’s attitude to be open and fair to the market.”
MOL Group
Get in touch
If you have any questions about Pre-Sale Inspections, use the form below to get in contact with a member of the Idwal team who will be more than happy to help.
Disclaimer
Inspection reports provided by Idwal are for the confidential use of the original customer, only.
Only reports which have been purchased from Idwal for a fee, via the pre-sale scheme, can be provided to other parties (i.e. buyers) and relied upon for commercial reasons.
Idwal does not recognise reports which have not been distributed under our control, and such reports cannot be relied upon for commercial purposes, nor can Idwal be held responsible for any subsequent loss or damage arising from reliance upon such reports and data.
All Intellectual Property Rights in connection with Idwal Reports, are owned by, and are the exclusive property of, Idwal Marine Services Limited, unless otherwise agreed.
