Condition Survey - On/Off Hire

CONDITION SURVEY is an inspection carried out on a vessel before or after a charter agreement, aimed at recording the condition of the hull, holds, machinery, and equipment, as well as any existing damages. This type of survey is crucial to ensure that charter transactions between the shipowner and the charterer are fair and transparent. Importance: Legal protection: Defines responsibilities between the shipowner and the charterer. Operational safety: Confirms that the vessel is fit for navigation and cargo transport. Prevention of losses: Prevents pre-existing damages from causing disputes or additional costs. Contractual compliance: Meets the requirements of charter agreements (Time Charter / Voyage Charter). Commercial summary: The Onhire Condition Survey ensures transparency, safety, and investment protection, serving as the official record of the vessel’s condition at the start of the charter.