C & V SURVEY
Condition & Valuation
Client: Removed for privacy “RP”
Date of report: February 17th 2011
Our File #: 11-27125
Date of inspection: February 16th 2011
Builder: Pacific Asian Enterprises
Model/type: Nordhavn 43
Hailing Port: “RP”
Doc. #: “RP”
Draft: 5’ 3” *
Beam: 14’ *
H.P. per: 105
* Serial number: 6681-2723
Type of Instal.: Diesel, 6 cylinders, fresh water cooled, inboard
Wing engine: Yanmar
Generator: Northern Lights 8 K.W.
* Manufacturers specifications
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck and above deck structures are constructed of molded fiberglass. Bulkheads are constructed of plywood. Overall condition of the hull structure appears excellent with no noticeable fractures or delamination of fiberglass tabbings sighted. The exterior hull bottom was not inspected. The vessel’s weight is 60,000 lbs. * Exterior rails and hardware appear excellent. Cosmetic condition of vessel appears excellent externally and excellent internally. Vessel’s external colors are white with maroon boot stripe. Below waterline through hull fittings appear good – excellent overall but there is corrosion with a small “pin” hole in the generator’s raw water supply elbow at the through hull. The vessel is equipped with two electric/automatic bilge pumps that appear good and the bilge is holding minimal standing water. The ventilation system consists of two blowers and natural ventilation and appears good. General housekeeping appears good – excellent. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.
Main engine’s external surfaces appear excellent and exhibit no significant corrosion. Engine hour meter exhibits 5333 hours. Motor mounts appear good – excellent. Cooling system appears excellent (keel cooled). Fuel system and components appear excellent. Exhaust system and components appear excellent (insulated dry exhaust system). Electrical system and components appear excellent. Engine control system appears excellent and shaft log appears good – excellent with no significant corrosion. Steering control system appears excellent and rudder port appears excellent. Propulsion components appear not inspected externally. The vessel is equipped with an emergency auxiliary power “wing” engine. The engine’s peripheral components appear in excellent condition with no significant corrosion of components. Wing engine’s fuel, cooling and electrical systems appear excellent. Generator surfaces and motor mounts appear excellent. Generator’s peripheral components and systems appear excellent. Waste system and components appear good – excellent. General service seawater systems appear good – excellent except the raw water hose connector on the air conditioning raw water pump is corroded.
There is a 650 gallon capacity in three aluminum tanks and one wing engine day tank located outboard of engines and forward of engine compartment. Fuel tank surfaces, where visible, appear good – excellent (minimal access) and the securing mechanism appears excellent. The fuel fill, vent, feed and return lines and components appear good. Fuel shutoff valves are located at the tanks and starboard side manifold and appear good – excellent but the center tank’s drain valve is not mechanically capped.
The AC shore cord was not separated from the inlet. The AC wiring and outlets appear excellent. The AC main feeds are protected with circuit breakers. Battery arrangement appears excellent. Condition of the batteries is beyond the scope of this inspection. Batteries are equipped with disconnect switches. DC wiring appears excellent. Circuit protection for the AC and DC branch system appears excellent. Wire terminations and connections appear good – excellent. Wire organization and arrangement appears excellent.
SAFETY AND LIFE SAVING
Vessel has three portable fire extinguishers with expired certification. Vessel has two 35 lb. fE241 units (fixed fire suppression systems) with expired certification. The safety components include: eight PFDs and one throwable PFD; distress flares with current certification; one life raft with expired certification; suitable first aid kit; two anchors with chain and appears good. Navigational and anchor lights appear good. Other safety equipment includes: inflatable life vest, life jacket strobe lights, tapered wood bungs, Iridium satellite telephone, Guest remote control spotlight, windshield wipers, air horn, high water alarm, Racor fuel water alarm, personal MOB alarm.
Summary: Good – Excellent
LP GAS SYSTEMS
Vessel is equipped with LP gas that fuels the galley range. Tank’s external appearance is good (aluminum) and they are properly secured. Ventilation appears satisfactory. Tank valves were opened and an odor was not noticed. Feed line is equipped with a reducing regulator, a pressure gauge and an electric shutoff solenoid and feed lines appear good.
The vessel was inspected at its normal slip location. Line condition and arrangement appears good. Boarding hazards appear insignificant. All entry points are reportedly kept locked. Other security consists of a gated marina.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Side Power 95TJ bow thruster, LG DVD/CD player, Toshiba SD-860 DVD player, Reverso oil exchange pump, Mastervolt 50 amp battery charger, Trac stabilizers, Mitsubishi HD1000 projection TV, Xantrex battery monitor, Village Marine water maker, AC/DC/volt/amp meters, Denon AVR-687 A.V. controller/receiver, Splendide 2100 clothes washer/dryer, top load freezer, Sub Zero 249 front load freezer, Force 10 3-burner range/oven, Sub Zero 249RP front load refrigerator, G.E. Profile Spacemaker II microwave, double basin stainless steel sink, Corion counter tops, G.E. Monogram trash compactor, in-sink disposal, Cruisair air-conditioner/heater, Xantrex 2500 watt inverter, Bauer Junior II dive compressor, Seaward 11 gallon water heater, Paravane stabilizers, cockpit wash down, Maxwell 3500 electric windlass, stainless steel double anchor roller, two dorade vents, two fiberglass deck lockers, ICOM IC-M802 HF transceiver, IC-M602 VHF transceiver, two Simrad AP26 autopilots, Furuno 9” & 12” Navnet VX2 multi-display radar/video sounder/GPS, B & G Network wind, two Furuno GP-32 GPS/WAAS Navigators, two solar panels, Gig Harbor tender RDS83611B707, Nissan 6 hp 030427XF, two Hobie kayaks, two aft deck fiberglass storage boxes
The vessel is a fiberglass production long range trawler equipped with a diesel inboard engine and emergency “wing” engine. The clients reportedly purchased the vessel new and since purchase have circumnavigated the world. The vessel is actively maintained both cosmetically and mechanically and is in exemplary condition. The vessel is structurally and mechanically sound.
Overall Summary: Excellent
ACTUAL CASH VALUE – $675,000 approx.
NEW REPLACEMENT VALUE – $1,100,000 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. Replace the generator’s raw water supply hose elbow at the through hull due to corrosion.
2. Replace the air conditioning raw water supply hose connector at the water pump due to corrosion.
3. Mechanically cap the center fuel tank’s drain valve.
4. Separate the shore power cord from the inlet, inspect for corrosion and/or heat damage and service if/as required.
5. Have the fire extinguishers inspected and tagged as recommended by N.F.P.A.
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.
________________________________ February 17th 2011
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941