C & V SURVEY
Condition & Valuation
Client: Removed for privacy
Date of report: October 7th 2009
Our file #: Removed for privacy
Location: Removed for privacy
Date of inspection: October 2nd 2009
Model/type: Oceanis 440
Length: 44’ 10”
Draft: 5’ 9” *
Beam: 13’ 11” *
Name: Removed for privacy
Hailing Port: Removed for privacy
Doc. #: Removed for privacy
HIN: Removed for privacy
Engine/MFG: Yanmar 4JH2 DTE
H.P. per: 88
Serial numbers: Removed for privacy
Type of instal. : Diesel, 4-cylinders, freshwater cooled, inboard
* BUC – Used boat price guide
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck and above deck structures are constructed of molded fiberglass. Coring is unknown. Bulkheads are constructed of plywood. Overall condition of the hull structure appears good. The vessel’s weight is 20,500 lbs. * Exterior rails and hardware appear satisfactory – good. Cosmetic condition of vessel appears satisfactory externally and good internally. Vessel’s external colors are white with blue boot and sheer stripes. Below waterline through hull fittings appear satisfactory except both the engine’s raw water supply through hull/valve and galley raw water supply through hull/valve have surface corrosion. The vessel is equipped with one manual, one electric and one electric/automatic bilge pumps that appear good and the bilge is holding minimal standing water. The ventilation system is satisfactory. General housekeeping appears good.
Engine’s external surfaces appear satisfactory but there are isolated areas of surface rust. Motor mounts appear satisfactory – good. Cooling system appears satisfactory except for moderate salt build-up and surface corrosion on the heat exchanger about the raw water hose connection. Fuel system and components appear good. Exhaust system and components appear good. Electrical system and components appear good. Engine control system appears good and shaft log appears satisfactory. Steering control system appears good and rudder port appears good. Propulsion components were not inspected externally. Waste system and components appear satisfactory. General service seawater systems appear satisfactory.
There is an undetermined gallon capacity in one aluminum tank located aft of the engine. Fuel tank surfaces, where visible, appear satisfactory and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory. Fuel shutoff valves are located at the tank and appear satisfactory.
The AC shore cord, inlet and connections were not separated for inspection. The AC wiring and outlets appear good – excellent. The AC main feed is protected with circuit breakers. Battery arrangement appears good. Batteries are equipped with a disconnect switch. DC wiring appears good – excellent. Circuit protection for the AC and DC branch system appears excellent. Wire terminations and connections appear good – excellent. Wire organization and arrangement appears good.
Summary: Good – Excellent
SAFETY AND LIFE SAVING
Vessel has six portable fire extinguishers, two with current and four with expired certification. Vessel has no fixed fire suppression system. The safety components include: Seven PFDs and seven throwable PFDs; distress flares with current certification; one life raft with expired certification; extensive first aid kit; three anchors with chain on main and chain and line on secondary that appears excellent. Navigational and anchor lights appear good. Other safety equipment includes: Sea drogue and anchor, jacklines, safety harnesses, bosn’s seat, rigging cutters, DC plugs, ship’s bell, binoculars, day anchor ball, radar reflector, canister air horn, ditch bag, EPIRB, handheld spotlight and overboard strobe light.
Summary: Good – Excellent
LP GAS SYSTEMS
Vessel is equipped with LP gas that fuels the range. Tank external appearance is good and they are properly secured. Ventilation appears satisfactory. Tank valves were not opened. Feed line is equipped with a reducing regulator, a pressure gauge and an electric shutoff solenoid and feed lines appear satisfactory – good.
Summary: Satisfactory – Good
The vessel was inspected at its normal slip location. Line condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points are reportedly kept locked. Other security consists of a gated marina.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Two Cruisair reverse cycle air conditioner/heaters, raw water wash down, Weems & Plath bronze barometer, Sony 14” (approx.) TV, Pur Survivor 35 water maker, Sony XR-U550 stereo, Sony SLV-660HF VHS, R.F. antenna, Dometic microwave oven, double basin stainless steel sink, Tasco 3-burner range, top load refrigerator, front load freezer, Cruising Equipment E-Meter DC monitor, four solar panels (300 watt), roller furling head and main sails, three aluminum framed deck hatches, Vetus electric windlass, spinnaker pole, light duty davit, stainless steel radar arch, soft top dodger with bimini, Nissan NS8B outboard with serial number 65345, Lewmar S.T. winches: two # 52, two # 43, Plastimo compass, remote VHF speaker, B & G Network VHF, B & G Network Navigation, B & G autopilot, Raytheon R10X radar, Raytheon 600 Raychart, Raytheon Raystar 390 GPS, B & G Network speed/depth/wind, ICOM IC-M59 VHF, ICOM IC-M710 S.S.G, DSP Multi Mode Pactor controller
The vessel is a fiberglass production sloop rigged sailboat equipped with an auxiliary power diesel engine. The clients reportedly purchased the vessel in August of 1995 and have performed upgrades including; inverter, upgraded battery bank, high output alternator, single side band transceiver with modem, bimini with screen enclosure, water maker, life raft, spinnaker system, gennaker, and solar charging system. The vessel is actively maintained and the owners are extremely knowledgeable of all systems. The vessel is structurally sound and suitable for its intended purpose as a coastal pleasure cruiser.
Overall Summary: Good
ACTUAL CASH VALUE – $155,000
NEW REPLACEMENT VALUE- $325,000
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. Clean surface corrosion from the engine’s heat exchanger at the raw water hose connections and from isolated areas of the engine and transmission, inspect for deterioration, service as required and paint to arrest any further corrosion.
2. Clean corrosion from the engine and galley raw water supply through hulls and valves, inspect for deterioration and service if/as required.
3. As I did not separate the shore power cord from the inlet; inspect the connections for any corrosion and/or heat damage and service if/as required.
4. Although not required; consider having the life raft re-certified prior to any offshore cruising.
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.
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941