Selling a vessel has historically meant putting your vessel on the market and waiting for numerous potential buyers to send their own inspectors. The waiting game can seem endless, from waiting for a potential buyer to request an inspection, to arranging a suitable location, and then waiting for the buyer to receive the inspection results.
Ultimately, the seller loses control of the inspection process and can also invest a significant amount of time and resources both onboard and ashore, in simply supporting the multiple inspectors, each of whom have different requests for information and place different demands on the sellers.
In the end, sellers have to simply wait and hope that the buyers’ make a fair and reasonable judgement on the condition of their vessel and that the efforts spent in coordinating the multiple inspections, result in a firm and attractive offer.
With the current COVID-19 pandemic, owners are quite rightly warier about allowing inspectors onboard, particularly multiple inspectors at one time.
In response to these challenges, Idwal has been working with leading shipowners from around the world to create a service that not only reduces the amount of physical contact onboard and minimises the risk of COVID-19 infection, but also removes a large part of the time and administrative burden which is normally seen when placing a vessel on the market.
If you have any questions about Pre Sales Inspections, use the form below to get in contact with a member of the Idwal team who will be more than happy to help.