Aviation and maritime transport play a crucial role in the global economy, enabling the movement of passengers and goods over long distances. However, the successful operation of aircraft and vessels is impossible without their objective valuation. In this article, we will explore what vessel valuation is, why it is necessary, and the benefits it provides.
Valuation of an aircraft or vessel involves determining its market value based on various factors, including its technical condition, age, type, and other characteristics. Valuation can serve different purposes—from the sale of the vessel to insurance or leasing.
There are several methods for valuing air and watercraft:
- The comparative method involves comparing the prices of similar vessels on the market.
- The cost method considers the cost of construction and operation of the vessel.
- The income method takes into account the future income generated from operating the vessel.
Why is vessel valuation important?
First, it provides accurate information about the vessel's value, helping owners make informed decisions regarding sale or lease.
Second, valuation helps reduce risks associated with vessel operation.
Finally, it increases the vessel’s liquidity on the market, which can attract investment or facilitate obtaining loans.