Our Approach

Historically, marine appraisal services were provided by marine surveyors with knowledge of certain aspects of marine equipment and facilities but with little, if any, formal training in finance or purchase and leasing issues. Consequently, most appraisal reports for marine assets provide a narrative of the particulars of the vessel or equipment followed by only a paragraph or two addressing the surveyor's opinion of fair market value. Rarely do they include actual financial analyses or explanations as to how the dollar amount declared in that value opinion was reached.

With the ongoing changes in the marine industry and in the global economy, a simple opinion of fair market value is no longer accurate enough for our clients, who include:

  • Banks
  • Finance/Leasing Companies
  • Insurance Companies
  • Buyers, Sellers, Owner/Operators of Marine Vessels and Equipment
  • Attorneys
  • Certified Public Accountants
  • U.S. and Foreign Tax Agencies
  • Terminal Owners and Operators

At North American Marine Consultants, LLC, we utilize a more accurate means of determining the value of marine vessels, equipment and property. Once the survey data is collected, we conduct appraisals in compliance with the Uniform Standards of Professional Appraisal Practice. The values in our appraisals are based on three accepted approaches: the cost approach, the sales comparison approach and the income approach. Then, we prepare a detailed report outlining the facts of our findings and candidly counsel our clients, based on their investment goals, about their next steps in regards to the vessels, equipment and/or property under consideration.