01
Purpose, users & effective date
The question comes first. We establish why the appraisal is required, who will rely upon it, the relevant definition of value and the date to which the opinion applies.
Methodology
Judgment, made traceable.
Yachts are heterogeneous assets in an often opaque market. A credible opinion therefore depends on disciplined research, informed comparison and transparent reasoning.
02
Scope & available information
Access, inspection requirements, specifications, records, refit history, maintenance information and any material limitations are identified.
03
Vessel-specific analysis
The yacht is considered as an individual asset: design, builder, age, machinery, equipment, configuration, condition, provenance and capital history all influence market position.
04
Market evidence
Relevant sales, offerings and market intelligence are examined for comparability, timing and reliability. Evidence is weighed rather than accepted at face value.
05
Adjustments & reconciliation
Material differences are considered and the available indications are reconciled through professional judgment to reach a supportable conclusion.
06
Report & limitations
The final report states the opinion, effective date, scope, significant assumptions, sources, reasoning and limitations so the conclusion can be understood in context.
Principles that do not change.
The precise method and evidence vary with the assignment. The obligations of independence, relevance and clarity do not.
Independence
The conclusion is not shaped to support a preferred transaction, claim position or negotiating objective.
Confidentiality
Information is handled with discretion and reporting is distributed in accordance with the engagement.
Proportionality
The investigation and report are designed around the asset, the question and the level of reliance—not a fixed template.
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