Join Date: Sep 2009
Location: Kingston Washington
Thanked 5 Times in 5 Posts
Rep Power: 8
You need a reeeeeeeeeeeeely good survey by someone who's an expert. Here's a real story.
I had a friend who fell in love with a 50 ft steel powerboat built by a top name German yard. I advised a good survey. It was done with OK results. They later pulled the boat and found than hull rust had been "double plated" over and sections had to be cut out and new plate welded in. They also found that the tank areas hadn't been inspected and frame webbing had rusted out as well. They were pretty well off to begin with and one was a project manager. Still they sold thier house, used up thier savings and finally threw in the towel on the project and moved to project jobs in Korea.
There are surveyors who do steel ships and can do the job right so you know what you're getting into. Check with reputable shipyards and insurers. Mak sure that you know what they're checking and what they're not.
Best of luck!