Every vessel owner has to face an unfavourable situation of choosing between buying an existing ship and building a new one. Creating a new vessel to one's specifications and latest technologies can be time-consuming and an expensive task. Therefore, owners choose pre-owned purchases. However, these ships come with various risks and compromises. For vessels that are more than ten years old, there will be a considerable amount of wear-and-tear of its moving parts, machinery and equipment over the extent of use. They can bring up prolonged periods of repair, increased expenses and waste of operational time. Therefore, a pre-purchase inspection is required to target these concealed issues, allowing the potential buyer to know all the detailed information about the vessel's condition before making the purchase decision. 

After the inspection is completed, a detailed and comprehensive report is generated. It provides an accurate picture of the vessel's condition while also highlighting the critical areas of concern that could require additional capital expenditure. At this juncture, the buyer can utilize this report to decide whether or not to proceed with the deal. It can be used to negotiate specific repair details for price adjustments with the seller. This report gives the buyer a clear and realistic assessment, allowing for a balanced and informed buying decision. 

At R-Group Global, our decades of expertise has allowed us to stand firm in this vast industry. Through this journey, we have come across buyers who have not had the privilege to undertake a pre-purchase inspection beforehand. While buying pre-owned vessels and ships, we need to exert caution. Many vessel owners have ended up spending a large amount of money on ships with pre-existing conditions or repairs. Sometimes based on the seller information and the flawless look of the vessel, we end up making a purchase only to regret it later. Therefore, we recommend a thorough pre-purchase inspection to ensure that you are making a calculated business decision.