Quantity Surveys

Quantity Surveys

As L & Q Surveys is already an established name in the surveying industry, it is easy to find what we call a double coincidence of wants as all concerned parties would readily accept the prospect of having L & Q Surveys as the surveyor. With already established goodwill in the market and a dedicated staff, we assure you of full transparency in the process of quantity surveying. Thus, with a reputed firm like L & Q Surveys as a mediator, both the concerned parties can rest assured about a fair deal.

Quantity surveys plays a very crucial role especially in business because all payments are based on these surveys reports. Indian is importing a lot of crude oil from the Middle East to meet its energy requirement. In the absence of any pipe line from any of our neighbour countries as yet, the entire transportation of crude oil is done through very large crude carrier (VLCC) tanker ships. Before the ship starts to load crude a quantity surveys certifies that the tank is empty. After loading the quantity surveys again certifies the quantity of crude loaded. Again at the discharge port the quantity surveys certifies the quantity of crude received and again at the end of the discharge cycle. Bills are cleared based on the quantity of crude received.

The same is applicable for all types of cargo that is being exported or imported. Each and every item that is exported or imported has to be quantified. Be it liquid, gaseous, semisolid or even solid. Based on this payments are made. Carriage rates are also determined based on the quantity of cargo that is transported.

Insurance of cargo is mandatory as there is every chance of the cargo getting lost at sea due to rough seas or other unforeseen circumstance. The value of the cargo is arrived by taking into account the quantity of cargo loaded and being transported by the ship. Based on this valuation insurance brokerage is calculated.

Quantity surveys being an independent body dully accredited with the Government can be trusted. When two individuals are trading we cannot take one party’s view as correct as the other party will insist that its figures are realistic, hence the need for a third party whose decision will be binding on both the parties.

From the above it will be apparent that quantity surveys is of utmost importance to the entire range of business.