IEC TR 63463:2024 provides guidelines for the general procedure for performing life assessment for an HVDC converter station. Following this, a more detailed description of performance issues of the thyristor based HVDC systems is given and the life assessment measures of equipment and guidelines for accessing the techno-economic life of equipment are given. This document also deals with information for specification of refurbishing HVDC system and the testing of the refurbished and replaced equipment. Lastly, this document outlines environmental issues and regulatory issues involved in the life assessment and concludes with a financial analysis of the refurbishment options.