29′ Banton commercial fishing vessel

2013-07-08 001 010

C & V SURVEY

Condition & Valuation

Client:       Removed for privacy Date of report:       July 9, 2015
Our file #:              15 – 28537
Location:   Removed for privacy Date of inspection: July 8, 2015

VESSEL DESCRIPTION

Builder:       Lonnie Marshal Banton Doc. #:             Removed for privacy
Model/type: Commercial Engine/MFG:   Detroit Diesel 453
Year:           1945 H.P. per:          120
Length:       28.5’ Serial number: Not seen
Draft:           3’ 5” Type of instal:   Diesel, 4 cylinders,
Beam:          10’ inboard
Name:         “Removed for privacy” Generator:         None
HIN:             None Hailing Port:       Removed for privacy

HULL & STRUCTURE

The vessel was inspected while hauled. Hull construction material is wood plank on frame.  Deck is constructed of wood and above deck structures are constructed of wood.  Bulkheads are constructed of wood.  Overall condition of the hull structure appears satisfactory.  The vessel’s weight is unknown.  Exterior rails and hardware appear satisfactory.  Cosmetic condition of vessel appears satisfactory externally and satisfactory internally.  Vessel’s external colors are white.  Below waterline through hull fittings appear satisfactory.  The vessel is equipped with six electric / automatic bilge pumps that appear satisfactory and the bilge is dry (boat hauled).  The ventilation system consists of natural ventilation and appears satisfactory.  General housekeeping appears satisfactory.

Summary: Satisfactory

MACHINE SYSTEMS

Engine’s external surfaces appear satisfactory and exhibit moderate rust and oil leaks. Engine hour meter exhibits 1,987 hours.  Motor mounts appear satisfactory.  Cooling system appears satisfactory.  Fuel system and components appear satisfactory.  Exhaust system and components appear satisfactory.  Electrical system and components appear satisfactory.  Engine control system appears satisfactory and shaft log appears satisfactory.  Steering control system appears satisfactory and rudder port appears satisfactory.  Propulsion components appear satisfactory.  Waste system and components appear satisfactory.  General service seawater systems appear satisfactory.

Summary: Satisfactory

FUEL SYSTEM

There is 175 gallon capacity in one metal tank located in the aft bilge. Fuel tank surfaces, where visible, appear satisfactory and the securing mechanism appears satisfactory.  The fuel fill, vent, feed and return lines and components appear satisfactory.

Summary: Satisfactory

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections appear satisfactory. The AC wiring and outlets appear satisfactory.  The AC main feed are protected with circuit breakers.  Battery arrangement appears satisfactory.  Batteries are equipped with a disconnect switches.  DC wiring appears satisfactory.  Circuit protection for the AC and DC branch system appears satisfactory.  Wire terminations and connections appear satisfactory.  Wire organization and arrangement appears satisfactory.

Summary: Satisfactory

SAFETY AND LIFE SAVING

Vessel has one 2015 and one 2009 portable fire extinguishers. Vessel has no fixed fire suppression system.  The safety components include: four adult type I, two child type I (aboard), six adult type I and three child type I PFDs (ordered); distress flares with current certification; one 33 lb. Claw anchor with chain and line rode that appears good.  Navigational and anchor lights appear satisfactory.  Other safety equipment includes: an electric horn and a 406 MHz EPIRB.

Summary: Satisfactory

DOCKING

The vessel was not inspected at its normal slip location.

Summary: N/A

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Electric trap puller, bait tank, hydraulic steering, plastic water tank, 30A / 125V shore power inlet to starboard forward, rod holders, anchor roller, electric windlass, Furuno radar, cockpit and engine lights, Furuno DGPS GP-36 GPS navigator, Sitex SST-110 seawater temperature gauge, engine instrumentation includes tachometer, temperature, oil, drive oil, pyrometer and volts, Ritchie compass, West Marine VHF 500 dsc, ICOM IC-M422 VHF, flybridge with bench seat and bimini top, Furuno GP-1670F GPS plotter / sounder, Qualcomm VMS system, Sony CDX-M10 stereo, electrical panel includes AC main, AC & DC branch circuit breakers, DC voltmeter, Intelli-Power Marine PD2060 battery charger, portable gasoline generator, electric head, sink

SUMMARY

The vessel is a wooden commercial fishing vessel with a flybridge, large cockpit, small cabin and diesel engine. The construction history is unclear.  The clients purchased the vessel in January 2015 in Oceanside, California.  The vessel has been hauled for two weeks, fasteners have been added about the transom ring, new knees have been added at the chine to port aft and to starboard forward in the cockpit bilge.  The client had assistance from an experienced shipwright.  The hull bottom and sides have been painted.  The propeller and rudder were cleaned.  Some safety components have been purchased.  The vessel was inspected while hauled, the engine was not started and no sea trial was performed.  The vessel appears basically structurally sound.  The vessel appears suitable for its intended purpose as a near coastal cruising and fishing vessel.

Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE
NEW REPLACEMENT VALUE
INVESTMENT

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.
This survey is for the express purpose of insurance and financing. It is not meant as a buyer’s survey.

RECOMMENDATIONS

These recommendations are the surveyor’s ideas and suggestions for addressing deficiencies with damaged or suspect components or systems found during survey or general improvements. The primary recommendations address safety items, structural issues, operational issues or deficiencies which the surveyor determines are of greater importance or more expense than secondary deficiencies.  For instance, items that pose a risk to passenger safety or immediate property damage are listed under primary deficiencies and cosmetic concerns are addressed under secondary deficiencies.  Most of the recommendations have been addressed in the comments and usually they are discussed at the time of the inspection.

PRIMARY

 

  1. Service and prove the port navigational and stern lights properly functional.
  2. Remove wing nuts used on batteries, replace with steel nuts and lock washers. Comply with A.B.Y.C. (or similar) recommendations.
  3. Provide a suitable tool to enable closing of the engine’s through hull valve and prove the valve functional.
  4. Replace the battery in the EPIRB or replace the EPIRB.
  5. There is a portable gasoline generator, exercise caution with respect to the generator, including gasoline and carbon monoxide hazards.

SECONDARY

  1. Monitor the hull reinforcements to starboard aft, particularly at the chine, address any deficiencies.
  2. Either certify or replace the portable fire extinguisher which is vintage 2009.

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/finance 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.
________________________________                                     ­­­­July 9, 2015
By: Mr. Kells Christian, Surveyor                                               Date
S.A.M.S. – A.M.S. # 301