Market Valuation and Demolition Value Disclaimer
The Market value provided is an estimate of fair market price, in US Dollars (USD), as at the valuation date only, and is based on the price VesselsValue estimates as its opinion in good faith that the vessel would obtain in a hypothetical transaction between a willing buyer and a willing seller on the basis of prompt charter free delivery at an acceptable worldwide delivery port, for cash payment on standard sale terms. For the purposes of that opinion it is assumed that the particulars of the vessel are correct, and that the vessel is in good, sound and seaworthy condition, free of Maritime liens and all debts whatsoever, fully classed to the requirements of her present classification society, free of class recommendations, with clean and valid trading certificates, and where relevant to type and age of vessel with full oil majors, Rightship and any other relevant approvals in place. It should be noted that VesselsValue has neither made a physical inspection of the vessel nor inspected her class records.
The Demolition Value provided is an estimate of fair demolition market price in US Dollars (USD). It is calculated by multiplying the lightweight in long tons by the current demolition price, assuming delivery to a ship breaking yard in the Indian subcontinent as at the valuation date only, based on a hypothetical transaction between a willing seller and a willing demolition cash buyer on standard demolition sale terms, with delivery at the ship breaking anchorage, and that the vessel is in good, sound and seaworthy condition with all machinery and items onboard and in working condition, free of Maritime liens and all debts whatsoever and in the case of tankers in a gas-free for man entry only condition. For the purposes of that opinion, it is assumed that the particulars of the vessel are correct. It should be noted that VesselsValue has neither made a physical inspection of the vessel nor inspected her class records.
No warranty is given as to the condition of the vessel, the correctness of its stated characteristics or particulars, or the state of or availability of its records.
Any changes or corrections or altering of the Methodology could result in different valuations for the same vessel on the same valuation date but on different issue dates.
The estimated Market Value and Demolition Value are for the valuation date only and no assurance is given that the value will be sustained or is realisable in an actual transaction.
See also Terms and Conditions set forth at /legal/terms/terms-and-conditions.