Marine Survey Report
Category: business
A formal, comprehensive inspection document detailing a vessel's structural integrity and market valuation.
A marine survey is the commercial appraisal of the maritime world. Underwriters require a fresh survey from an independent NAMS or SAMS certified surveyor before writing a policy on an older ship, ensuring the hull is sound and free of hidden rust or fiberglass delamination.
Common Examples
- The underwriter reviewed the latest marine survey report to verify that the cargo vessel’s bulkhead repairs met structural safety specifications.
- An annual marine survey report is a standard requirement for maintaining hull and machinery coverage on high-tonnage international ships.