Tag: #valuation

What for is a chartered engineers certificat required?

A Chartered Engineer’s Certificate (CEC) is specifically required to export used machinery to India. It’s not mandatory for new machinery.

The certificate verifies the condition, value, and remaining lifespan of the used machinery through a physical inspection by a chartered engineer. This assures Indian customs that the machinery meets their safety and quality standards.

Who can compile a Chartered Engineers Certificate for India?

A Chartered Engineer (CE) registered with Engineering Council of India (ECI) is authorized to compile a Chartered Engineer’s Certificate (CEC) for used machinery destined for India. Here’s a breakdown of who can compile the certificate:

• Chartered Engineer (CE): The engineer must hold a Chartered Engineer designation, which signifies they’ve met stringent qualifications and experience requirements set by ECI.
• Registered with ECI: The engineer needs to be registered with the Engineering Council of India (ECI), the official governing body for chartered engineers in India. This ensures they are recognized and adhere to ECI’s code of ethics and practice.

What is the cost of a CEC for India?

The cost of a Chartered Engineer’s Certificate (CEC) for India can vary depending on several factors, making it difficult to give a fixed price. Here’s what can influence the cost:

• Size and complexity of the machinery: Inspecting and evaluating larger or more intricate machinery will likely require more time and effort from the engineer, leading to a higher fee.
• Location of the machinery: If the machinery is located far from the chartered engineer, travel expenses might be added to the base fee.
• Engineer’s experience: Chartered engineers with extensive experience might command a higher fee compared to those with less experience.

Here are some ways to get a better idea of the cost:

• Contact Chartered Engineers: Search online or reach out to engineering firms in your area that offer CEC services. They can provide quotes based on the specific machinery you want to export.
• Engineering Associations: Look into engineering associations in your region. They might have member directories that include chartered engineers offering CEC services, and you can contact them for quotes.

Contact Mevas for a CEC for India

If a CEC for India is required get in touch with Mevas – The Heavy Equipment Inspectors. We might be able to support with a Chartered Engineers Certificate for India for machinery which is located in Europe.

Inspection of new machinery before import to India

In some cases, it is necessary to approve the condition and readiness of new machinery for import into India. This may be the case for a letter of credit or a loan. It may also be required to fulfil the required specifications for the emission status of engines. If you need an independent inspection of construction machinery and specialised machinery in mining or civil engineering, we are the right partner for you. Contact us today with your enquiry. We guarantee a professional service in all European countries.

The first auctions of the year are just around the corner. So the question arises: Is it a good idea to buy machines there? And what needs to be considered? Buying used heavy equipment at an auction can be a good idea, but it comes with both advantages and risks.

The advantages are:

1. Cost savings: Auctions often offer the opportunity to purchase equipment at a lower price than buying new.
2. Choices: Auctions offer a wide range of equipment options, allowing you to choose between different makes, models and conditions. This can be an advantage when it comes to finding equipment that meets your specific needs.
3. Potential for bargains: Occasionally you can find bargains or undervalued equipment at auctions, especially if there is less competition from other bidders.

But there are also risks that need to be considered:

1. Do research first: Find out the market value of the equipment you are interested in so you can get a fair offer.
2. Understand the auction terms and conditions: Familiarise yourself with the auction terms and conditions, including any buyer’s premiums or fees.
3. Do a pre-inspection of the equipment: If possible, inspect the equipment before the auction. If you are to far away ask an expert. Mevas-Technicians can help you. Drop a message here.

Reminder: Set a budget and stick to it. This will prevent you from getting bogged down and investing more than planned.

Heavy Equipment Auctions

Euroauctions Leeds, GBR starts on Wednesday January 24, 2024 and RB auction Maltby, GBR starts on Wednesday Feburary 14, 2024. Mevas inspectors are available for on-site inspections for both auctions. If you need an independent machinery expert for unbiased inspection get in touch. We are www.mevas.co.uk and we are present in the United Kingdom with local inspectors.

We have created an overview of all other dates for heavy machinery inspections in Europe. This is constantly updated and can be accessed here. Our technicians are also available for auctions in Germany, Dormagen, The Netherlands, Moerdijk and many other locations.

 

Shorter inspections for auctions

On auction sites, it is often not possible or practical to carry out the full scope of a TA1-plus inspection. On the one hand, the possibility to operate machines is often limited. On the other hand, it does not always make sense to pay for a full inspection for a large number of machines, as the chance of becoming the highest bidder is limited. Therefore, we offer shorter inspections at a lower price. The final fee depends on where the auction takes place and how many machines someone wants to have inspected.

Sample reports for auction-site inspection

Below sample shows how a shortened inspection report looks like. Here you can download a PDF-sample.

Ritchie Bros. UK Online auction in Maltby, GBR on Wednesday Nov 8, 2023. Auction starts at 9:00 AM local time. Mevas inspectors are available for on-site inspections. If you need an independent machinery expert for unbiased inspection get in touch. We are www.mevas.co.uk and we are present in the United Kingdom with local inspectors.

If you need an inspector elsewhere you can talk to us as well. Mevas Machinery Inspectors are present in more than 25 countries.

Shorter inspections for auctions

On auction sites, it is often not possible or practical to carry out the full scope of a TA1-plus inspection. On the one hand, the possibility to operate machines is often limited. On the other hand, it does not always make sense to pay for a full inspection for a large number of machines, as the chance of becoming the highest bidder is limited. Therefore, we offer shorter inspections at a lower price. The final fee depends on where the auction takes place and how many machines someone wants to have inspected.

Sample reports for auction-site inspection

Below sample shows how a shortened inspection report looks like. Here you can download a PDF-sample.