ENGINES 5 JULY20.qxp_Finance 16/06/2020 14:02 Page 2
AVBUYER.com
“Having the right rental engine insurance requirements and associated bailment agreements, logistics insurance coverage, and engine provider insurance coverages for the event – either on-site or at the engine provider's location – is vital when preparing for an engine overhaul,” Corn elaborates. “You should also consider potential Chapter 5 requirements that should be included during an engine’s removal, such as the engine mounts. This will help avoid the added cost to remove the engine again before it is necessary.” The coordination of tooling, shipping, support equipment for engine removals, potential engine pre- and post-run requirements, rental engine shipment and installation, and your engine installation upon completion of the overhaul are all additional and important considerations. “What’s more, it is important to understand the type of coverage the engines have, and any associated requirements for approval that are www.AVBUYER.com
applicable over and above the costs,” Corn explains. Whether an engine is enrolled on a warranty and/or an hourly engine maintenance program or not will also create many variables. “We always advise that it would be extremely beneficial to speak with the experts at the [warranty/maintenance program] provider to fully understand any specific details relating to that – again, well ahead of time,” Corn says. “Proper planning for the overhaul can be an opportunity to understand the benefits and differences for the best [warranty] support for your engine event before, during, and into the future,” she argues. Finally, don’t overlook the need to request or perform a logbook search, which can either be completed onsite at your location (emailing the engine logbook scans to the MRO shop), or shipping the logbooks to your engine service provider. (If you ship the logbooks, it’s highly advisable to scan them first in case they get lost.)
E
AVBUYER MAGAZINE Vol 24 Issue 7 2020
117
1