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Choosing a broker · Method

A written valuation range, not a single flattering number.

How a vessel is actually evaluated on this desk: what gets triangulated, what gets audited before anything is marketed, and what makes us decline a mandate outright.

A vessel history file open on a broker’s desk

In short

Three inputs are triangulated on every valuation, and no single one of them is allowed to decide the number.

  • Comparable sales in Indonesian waters — what boats of the class actually traded for, not what they were listed at.
  • Replacement cost, adjusted for age and refit history.
  • For commercial vessels, an earnings multiple built on verified charter revenue. Unverified earnings add nothing.

The method

What happens before a vessel is marketed

The order matters. The audit precedes the marketing, which is why a listing that reaches you has already survived the questions you would have asked.

  1. Document audit

    Registration papers, import status, ownership chain and lien check — completed before the vessel is presented to anyone.

  2. Valuation

    The three inputs triangulated into a written range, with the workings shown rather than a figure asserted.

  3. Independent survey

    The surveyor is engaged per vessel and answers to the buyer. We insist on the inspection even when it risks the deal.

  4. Escrow

    Deposits held by an agreed independent party and released only against documented milestones. We never hold client funds ourselves.

  5. Single mandate

    We act for the seller or for the buyer, never both sides of the same transaction without written disclosure, so the negotiating duty is never divided.

And the step that is easiest to skip: we decline mandates we cannot verify. A vessel whose paperwork will not stand up does not become a listing just because someone wants it sold.

Ask us to run it on a specific vessel.

Send a listing you are considering, or your own boat. You will get the workings — the comparables, the condition questions and the paperwork gaps — rather than a number on its own.