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Condition assessment and asset evaluation (COEV)

Independent assessment of a vessel’s physical condition, technical status, and market value.

A vessel underway during a condition assessment

Overview

A condition assessment & asset evaluation survey for a marine asset is an independent assessment of a vessel’s physical condition, technical status, and market value. It is conducted to help owners, buyers, lenders, insurers, investors, or lessors make informed financial and operational decisions.

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