Value & transactions
Market evidence and vessel condition provide context for acquisition and asset-management decisions.
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CERTIFIED APPRAISALS
Know what the vessel is worth, and why.
Independent vessel valuations for purchases, refinancing, importation, donation and asset management, supported by market research, comparable sales and vessel-condition information.
Request an appraisalWHEN AN APPRAISAL MAY HELP
Appraisals for transactions, financing and documentation.
Importation & donation
Discuss the intended use and documentation requirements before defining the appraisal scope.
Refinance
Clarify the lender’s requirements and the vessel information needed for the assignment.
MEET THE APPRAISER
Yacht-market and expert-testimony experience.
Jason Dunbar
Jason Dunbar is a Certified Professional Yacht Broker with yacht-market and expert-testimony experience. VVS prepares USPAP-compliant appraisals supported by market research, comparable sales and vessel-condition information.
Read Jason’s profile and professional recordVALUATION CONTEXT
Understand the basis of value.
Fair Market Value (FMV)
The price a willing buyer and seller would agree upon in an open and competitive market.
Orderly Liquidation Value (OLV)
An estimate for an asset sold over a reasonable period of time under normal sale conditions.
Forced Liquidation Value (FLV)
An estimate for an asset sold quickly under distressed or compelled sale conditions.
After Repair Value (ARV)
The estimated value after identified repairs, upgrades or refit work are completed.
Assessment method & scope
How the evidence is gathered is separate from the basis of value. A desktop valuation does not include a physical inspection.
Desktop Valuations
A value opinion based on market research, comparable sales, photographs, video walk-throughs and vessel history, without a physical inspection.
The appropriate basis of value and scope depend on the assignment. Discuss the intended users, effective date and available information before proceeding.
RELATED EXPERTISE
When you also need a survey or construction review.
A condition survey or repair assessment may inform the wider picture. Contract Spec Review, described on the VVS homepage, addresses new-construction specifications and shipyard milestones—it is not a valuation basis.
Compare related servicesAPPRAISAL PROCESS
How your vessel appraisal is developed.
01 / Define the assignment
Agree the purpose, intended users, effective date and scope.
02 / Review the evidence
Consider available vessel information, condition and relevant market evidence.
03 / Explain the opinion
Document the basis, assumptions and limitations of the valuation.
THE BASIS OF THE WORK
Market research, report standards and clear limitations.
The VVS website describes its certified appraisal service as USPAP-compliant. Its approach combines market research, comparable sales and vessel-condition context.
Confirm the applicable requirements, fees, limitations and engagement terms directly with VVS. An appraisal is not a guarantee of a transaction price, lender acceptance or tax outcome.
Read the current VVS service description