The problem: the sale of a tanker usually involves multiple inspections. The Covid-19 solution: a single pre-sale inspection report for all potential buyers
Following a request from an owner for a solution to the current difficulty and risk of conducting multiple inspections of a tanker it had put on the market, Idwal Marine has introduced a new tool for potential buyers.
Tanker operator MOL Group approached marine surveying and ship inspection company Idwal Marine to help market a tanker the Japanese group had put on the market.
The problem was that due to the Covid-19 coronavirus pandemic, there was a reluctance to allow a large number of inspectors from potential buyers on the vessel. The solution from Idwal was to inspect the tanker and produce an independent, fair assessment of the condition of the vessel. The pre-sale inspection report is shared with the seller.
Upon written request to the seller, interested acquirers of the vessels can request access to the report and data from Idwal Marine for an agreed fee. The sale of the report to potential buyers of the vessel is then split equally between the sellers and Idwal Marine.
The process not only reduces the number of inspectors going on the vessel, it maintains a consistency of information to the buyers. Idwal Marine list the advantages of the pre-sale inspection report as:
MOL Group said of the Idwal Marine pre-sale inspection report “As one of the largest shipping companies in the world, MOL has used the services of Idwal to conduct pre-purchase inspections of vessels which are marketed for sale. Idwal is a reliable and trustworthy company in line with MOL’s attitude to be open and fair to the market.”
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