Insurance renewal
Under-declared tenders pay a partial claim in a total loss; over-declared ones pay unnecessary premium. We rebase at renewal.
Service
Tender Valuation
A defensible written value for a tender or chase boat, backed by comparable transactions and a structured condition assessment. Independent: no commission on either side.
Turnaround10-15working days
Report length5-15pages
Valuation types3market, insurance, forced-sale
Engagement
How the engagement runs
Instruction
A written valuation request specifying the purpose: insurance renewal, finance, divorce, estate, sale planning, or internal accounting.
Document review
We collect build certificate, specification, options list, service history, classification status, and any prior valuations or surveys.
Physical inspection
Where the purpose requires it (insurance and finance typically do; internal valuation may not), we inspect the tender in person.
Comparable analysis
We work the recent transaction record across our brokerage network and the visible market.
Written valuation report
A five-to-fifteen-page document with the methodology, the comparables, the condition notes, and a single defensible number.
Defence
We make the report available to the insurer, lender, court, or other counterparty as needed and answer follow-up questions.
Triggers
When to call us in
Finance / lending
A lender writing a loan against a tender or fleet wants an independent valuation in the credit file. We deliver to the lender's standard or LMA template.
Contested transactions
Divorce, estate, partnership dissolution, or charter-business sale. The report has to stand up to challenge.
Pre-sale or refit decision
An owner planning to sell within twelve months wants the realistic price before listing. Also useful for refit-versus-replace decisions.
Background and detail
The valuation is a piece of evidence, not a marketing exercise. We deliver three valuation types: *market value (what it would sell for), insurance value (replacement cost for the policy), and forced-sale value* (realistic 90-day disposal price). Most engagements need one of the three; some need all three on the same boat for different counterparties.
The work that matters is the comparable analysis. There is no public price register for superyacht tenders the way there is for cars or houses; the recent transaction record sits inside the small number of brokers who actively trade the segment. We hold our own deal record and trade comparables with a handful of trusted counterparties on a no-names basis. The valuation lands on a defensible number because the comparables are real, not asking-price scrapes from the public listings.
The condition assessment matters second. Two boats from the same yard, same year, same hours, can value 30 percent apart on condition alone. We score against a structured rubric (hull, power, electrical, electronics, interior, equipment, paperwork) and the score feeds the value adjustment.
Talk to us
Brief us on a valuation.
Send the mothership, the programme, and the role you need filled. A response follows within 48 hours.