C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: January 31st 2011
Our File #: 11-27106
Date of inspection: January 31st 2011
Reg. #: “RP”
Hailing Port: “RP”
Model/type: Sloop sail
H.P. per: 50 approx.
Type of instal: Diesel, 4 cylinders, freshwater cooled, sail drive
Serial number: 08111
Length: 38’ 8” *
Draft: 6’ approx.
Beam: 11.5’ approx.
Generator: N/A(per registration)
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of molded fiberglass and above deck structures are constructed of molded fiberglass. Bulkheads are constructed of plywood. Overall condition of the hull structure appears satisfactory with no fractures or delamination of fiberglass tabbings sighted. The vessel’s weight is unknown. Exterior rails and hardware appear satisfactory. Mast, mast step, standing rigging and chain plates, where visible, appear satisfactory. Cosmetic condition of vessel appears weathered externally and good internally. Vessel’s external colors are cream with a blue sheer stripe. Below waterline through hull fittings appear good. The vessel is equipped with one manual and one electric/automatic bilge pump that appear satisfactory but the automatic was not tested due to its location. The bilge is dry. The ventilation system appears satisfactory. General housekeeping appears excellent. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.
Engine external surfaces appear good and exhibit no significant corrosion. Engine hour meter exhibits 201-hours. Motor mounts appear good – excellent. Cooling system appears good. Fuel system and components appear good – excellent. Exhaust system and components appear good – excellent. Electrical system and components appear good – excellent but the mounting frame bolts for the lower alternator are loose. Engine control system appears good. Steering control system appears good and rudder port appears good. Propulsion components were not inspected externally. Waste system and components appear good. General service seawater systems appear satisfactory.
Summary: Good – Excellent
There is reportedly a 78-gallon capacity in one aluminum and one plastic tank located below the forward sole and starboard in lazarette. Fuel tank surfaces, where visible, appear satisfactory – good and the securing mechanism appears satisfactory. The fuel fill, vent, feed and return lines and components appear satisfactory but the aft tank vents to the bilge. Fuel shutoff valves are located above the engine and appear satisfactory.
The AC shore cord, inlet and connections appear satisfactory. The AC wiring and outlets appear satisfactory and are equipped with G.F.C.I. The AC main feeds are protected with circuit breakers. Battery arrangement appears satisfactory. Batteries are equipped with a disconnect switch. DC wiring appears satisfactory. Circuit protection for the AC and DC branch system appears good. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory.
SAFETY AND LIFE SAVING
Vessel has three portable fire extinguishers with expired certification. Vessel has no fixed fire suppression system. The safety components include: at least fourteen PFDs and one throwable PFD; distress flares with expired certification; no life raft; one anchor with chain and line and appears good but the anchor’s cotter pin is corroded for the clevis pin. Navigational and anchor lights appear satisfactory.
LP GAS SYSTEMS
Vessel is equipped with LP gas which fuels the range and water heater. Tank external appearance is satisfactory and it is properly secured. Ventilation appears satisfactory. Tank valve was opened and an odor was not noticed. Feed line is equipped with a reducing regulator and electric solenoid and feed lines appear satisfactory.
The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear marginal as the wood dock step is deteriorated. All entry points are reportedly kept locked. Other security consists of gated marina.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Chelsea ship’s clock, Wallas Martin heater, Force 10 2-burner range/oven, double basin stainless steel sink, Samsung microwave, top load ice box, DC volt and amp meters, AC volt/amp meters, Acme 3KVA transformer, Heart interface Link 2000-R battery/inverter controller/monitor, Freedom 10 inverter/charger, SPS on demand water heater, Maxwell electric windlass, in mast roller furling, Maxwell self tailing winches, two # 44, two # 40 and two # 33, Profurl roller furling, West Marine 500 VHF DSC, Furuno 1621 radar, Navico C900NS GPS (inoperative), Navco Corus instrumentation
The vessel hull was reportedly built by Parker & Mendez from Westsail hull molds. The client purchased the hull and spent approximately six years completing and commissioning the vessel (launching in 1998). The vessel’s hull structure appears in sound condition and engine in good working order. Upon completion of the recommendations the vessel should be suitable for its intended purpose as a near coastal pleasure cruiser.
Overall Summary: Satisfactory
ACTUAL CASH VALUE – $55,000 approx.
NEW REPLACEMENT VALUE – $275,000 approx.
INVESTMENT – N/A
The actual cash value is the value that our research approximates the selling price of this vessel should be, at the time and place of our inspection. The actual cash value is best determined by a thorough market search to determine what vessels are available on the market, followed by negotiations between the interested parties. Consideration is given to vessel’s condition, geographic location, published listings and guides, comparable sales and listings, and market conditions. The new replacement value is the cost of this or a similar, new vessel, comparably equipped. The investment is the reported investment including purchase price and significant upgrades. No values include maintenance costs, storage or tax.
C & V Form Key: All systems are rated based upon their appearance, ratings include: Not examined, Not applicable, Faulty, Marginal, Satisfactory, Good, Excellent.
1. Service to eliminate deck leaks at both port and starboard upper chain plates.
2. Determine the cause of the E12 code on the battery monitor and service batteries or charging system as required.
3. Tighten the loose mounting bolts on the lower alternator’s mounting frame.
4. Remove the below the engine, monitor for any further accumulation and service any components if/as required to eliminate leaks.
5. Provide a fitting to connect the aft fuel tank’s vent hose so that it vents overboard and not to the vessel’s interior.
6. Replace the corroded/deteriorated cotter pin on the anchor’s clevis pin.
7. Provide and install a safety tether line on the anchor to eliminate potential for accidental deployment.
8. Provide current distress signal flares as required by U.S.C.G. and have the fire extinguishers inspected and tagged as recommended by N.F.P.A.
9. Replace the dock step due to deterioration.
This survey sets forth the condition of the vessel and components, as specifically stated only, at the time of inspection and represents the surveyor’s honest and unbiased opinion. The submitting of this report should not be construed as a warranty or guaranty of the condition of the vessel, nor does it create any liability on the part of Christian & Company or the individual surveyor. No part of the vessel was disassembled or removed and no assumptions should be made as to the condition of concealed components. Specifics were obtained from sources available at the time of inspection and are believed correct, but are not guaranteed to be accurate. This inspection was performed for the expressed purpose of obtaining insurance, and should provide the information necessary for underwriting purposes, if any additional information is required, please contact the undersigned. This survey report is not intended for use as a “buyer’s survey”.
Christian & Company, Marine Surveyors, Inc.
________________________________ January 31st 2011
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941