Choose Your Salvage Boats Wisely
The actual meaning of the salvage boat is - the rescue of a wrecked or disabled ship or its cargo from the loss at sea.
If your love for a boat can make you spend money on its repair after you buy it, then salvage boat is exactly for you. Salvage is the process of rescuing, repairing, and refloating a ship. There are times when boats are not in good condition but it is still possible to salvage them.
Categories
We can differ salvage boats in two categories firstly, the boat can be fully damaged, and once you start repairing it the cost of repairing can exceed the market value. And after spending so much money on its repair maybe you still won't be able to put back the boat in the previous condition then you will be at a great loss.
Secondly, where a constructive total loss is disclosed. A constructive total loss is where the accepted insurance value, less salvage is less than the cost to repair.
No warranties
Salvage boats often come up in the market without any warranties. These boats are sold in the market on a competitive bid basis and the auction often held at the same place where many boats are damaged at the same place.
Awareness is important
You should be aware of the salvage boat situation before bidding on it. Each situation can differ from each other. As it comes without any warranty you have to bid at your own risk.
Importance of survey
It will defiantly help you to predict the condition of the salvage boat before buying it but the truth is some of the problems will only turn up after taking the salvage apart to fix it.
There are some types of composite marine salvage processes. Let’s have a look at them.
Offshore salvage
These type of salvage often take a month. These operations encompass those ships which have been sunk or been submerged in water. The procedure takes months as the hostility of nature could hinder the workflow.
Harbor Salvage
Cargo Salvage
This is even more important, sometimes than salvaging the ship itself, as the cargo onboard may pose an imminent threat to the marine environment. The priority is to get rid of any hazardous element and save any expensive material as much as possible before it gets dumped in the water, beyond further repair.
Afloat salvage
Clearance Salvage
This type of operation generally occurred after disasters like hurricane, tsunami, and war, etc. In clearance salvage, several shipwrecks are scavenged or removed co-ordinately to clear out the passage in a harbor or waterway.
So be wise and choose the best salvage boats for sale for you.