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A useful exercise is to total the expected annual weeks on board over a three to five year horizon and compare that honestly against the fixed and variable costs of ownership over the same period, set beside the cost of chartering the equivalent weeks. For many prospective clients, that comparison points clearly one way or the other. For others it stays close, and the decision comes down to how much value they place on having a fixed vessel of their own.

Move to history. How long has the vessel been on the market, and has the asking price moved. A consultant advising honestly will discuss market positioning rather than simply confirming the number on the listing. Ask about ownership history, any insurance claims, and whether the vessel has operated under charter, since charter use changes wear patterns compared with private use alone.

See the details at charter agreement guidance.

Start with maintenance history. Ask to see logs covering engine hours, servicing intervals and any significant repairs, and ask specifically whether anything has been replaced recently versus simply serviced. A vessel with thorough, consistent records tells a different story from one with gaps, regardless of how it presents on the day.

Shoulder seasons, late spring and early autumn in the Mediterranean, spring and early summer in the Caribbean, tend to offer more flexibility on both vessel choice and dates, along with generally calmer booking conditions, though weather can be less predictable at the margins of each season.

Negotiation over survey findings is its own stage. Almost no survey comes back with nothing to discuss, and working through repairs, price adjustments or an agreed schedule of remedial work takes time, particularly where the buyer and seller are in different time zones or represented separately.