C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: December 15th 2010
Our File #: 10-27085
Date of inspection: December 14th 2010
San Diego, CA 92106
Doc. #: “RP”
Model/type: Carver five-O-four
Year: 1999 (model year)
Hailing Port: “RP”
Engine/MFG: Two Cummins
Freshwater cooled, turbo inboards
Type of instal. : Diesel, 6 cylinders,
H.P. per: 420 (approx.
Length: 49’ 7” * Serial numbers: P – not accessible
Draft: 4’ 7” * S – 45763513
Beam: 15’ 4” *
* BUC used boat price guide Generator: Kohler Systems
HULL & STRUCTURE
The vessel was inspected while hauled. 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 to be in as built condition. The vessel’s weight is 40,000 lbs.* Exterior rails and hardware appear properly arranged and installed. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are white topsides, black and gold accent stripes, black anti-fouling paint, white particle decks, white vertical surfaces. Below waterline through hull fittings appear marginal, the through hull fittings (3) located in the rudder port bilge area exhibit significant corrosion and are at the end of their service life. The engine intake through hull valves are frozen in the open position. The vessel is equipped with three electric/automatic bilge pumps that appear satisfactory and the bilge is clean and holding approximately two gallons of diesel fuel. The ventilation system consists of two blowers and natural ventilation and appears satisfactory. General housekeeping appears good. 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 rust, oil or coolant leaks. Engine hour meters exhibit P – 725 and S – 722 hours. Motor mounts appear good. Cooling systems appear good. Fuel systems and components appear good. Exhaust systems and components appear good. Electrical system and components appears good. Engine control systems appear good and shaft logs appear satisfactory. The starboard shaft log exhibits slight leakage residue below shaft log. Steering control systems appear satisfactory and rudder ports appear satisfactory. Propulsion components appear satisfactory, however the starboard propeller shaft dripless packing gland exhibits water stains below the fitting and is possibly leaking. Generator surfaces and motor mounts appear good. Generator’s peripheral components and systems appear good although the external coolant reservoir is low on coolant. 890 hours on meter. Waste systems and components appear good. General service seawater systems appear satisfactory, however the generator exhaust hose and air conditioner intake hose are cracked and beyond their service life.
There is 688 gallon capacity in four metal tanks. Two are located port and starboard outboard of engines and two are located below aft cockpit. Fuel tank surfaces, as visible, appear good and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory as visible. Fuel shutoff valves are located at the fuel tank distribution manifold and appear satisfactory.
The AC shore cord, inlet and connections appears satisfactory although the inlet exhibits burning. The AC wiring and outlets appear satisfactory. The AC main feed is protected with circuit breakers. Battery arrangement appears satisfactory although batteries are not stored in vented plastic boxes. Batteries are equipped with 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.
SAFETY AND LIFE SAVING
Vessel has three portable fire extinguishers with unknown certification. Vessel has one fixed fire suppression system with expired certification. The safety components include: sixteen PFDs and two throwable PFDs; distress flares with expired certification; no life rafts; one plow type anchor with chain and line and appears satisfactory. Navigational and anchor lights appear properly arranged, installed and functional although the steaming light did not function.
The vessel was inspected at its normal slip location.
Accessories include: Ritchie compass, Raytheon 620 Raychart, Raytheon Raydata, Raytheon VHF/hailer, Raytheon R21XX raster scan radar, port and starboard engine gauges; fuel (2), temperature, oil pressure, volt, rudder angle, Float scan fuel monitors, Guest pro charge battery charger, oil Change-R system, KVH TracVision, Westmar bow thruster, Marine Air systems AL model # 205-210300, Sharp TV, Kenwood cassette stereo, Kenwood CD changer, West Marine handheld VHF, Cobra hand held radios, Sanyo TV, Toshiba VHS DVD player, JVC AM FM receiver, JVC 5 disc CD changer, JVC TV, Raritan 20-gallon water heater, Princess 3-burner electric range/oven, Sharp convection oven, Norcold refrigerator, Raritan Icer-ette icemaker, two Vacu-flush heads, Carver refrigerator & freezer, fiberglass swim platform, stainless steel boarding ladder, stainless steel dinghy, davit (electric powered), stainless steel all around bow/side rails, stainless steel bow anchor roller, six stainless steel tender holders, two stainless steel Kayak supports, seven opening port lights, eight stainless steel grab rails, three Bomar deck hatches, eight stainless steel mooring cleats, two deck chairs, port and starboard windscreen wipers, Maxwell 2200 electric anchor windlass, remote bow rail mounted search light, canvas forward window coverings, two canvas isinglass window openings, wood wicker couch with two chairs and end table, miscellaneous bedding, cleaning supplies, miscellaneous art work, photographs etc… L-shaped couch, interior and exterior carpet, glass dining table with four chairs, stainless steel BBQ, transom shower and wash down outlet, miscellaneous dock lines, six dock fenders, miscellaneous charts
The vessel is a production built fiberglass cockpit motor yacht equipped with twin diesel inboard engines. The vessel was built in November of 1998 by Caver Yachts. The vessel was inspected while hauled for routine maintenance. The engines, generator and related machine systems were not test operated. The vessel ownership history is unknown. The vessel maintenance history is unknown. The vessel appears to be in as built structural condition and good cosmetic condition. No statements were given in regard to any previous events in the vessels history such as collision, grounding, submersion, fire, insurance claim, etc. Upon completion of the recommendations the vessel is suitable for its intended use as a coastal cruising motor yacht.
Overall Summary: Satisfactory – Good
ACTUAL CASH VALUE – $340,000
NEW REPLACEMENT VALUE – $1,000,000
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. Both port and starboard trim tabs are at the end of their service lives. The stainless steel surfaces about the zinc anodes have failed. The trim tabs are fastened to the transom using self tapping machine screws. Most machine screw heads have sheared off. The trim tabs should be through bolted to the transom. Have a qualified marine technician service the port and starboard trim tabs as needed/necessary.
2. The transom below water level light exhibits salt crystallization visible through the exterior lens. It appears that this salt crystallization is the result of a leaking through hull seal connection. Service the light/through hull fitting as needed.
3. The below water through hull fitting external strainers exhibit moderate marine growth. Clean/service the external sea strainers as necessary.
4. Several areas around the below water through hull fitting exhibit a halo effect/anti-fouling paint failure. Service as needed.
5. The bow thruster exhibits moderate marine growth and the zinc anode is near the end of its service life. Service bow thruster/anode as needed.
6. Hull bottom anti-fouling paint is thin/failing in multiple areas. Service the hull bottom anti-fouling paint as needed.
7. Provide current visual distress signal flares as required by federal regulations.
8. The four batteries located forward below the V-berth are not properly stored in vented plastic boxes as recommended by A.B.Y.C. The batteries appear to be leaking fluid. Have a qualified marine electrician inspect and service the batteries as needed.
9. A significant amount of diesel fuel (two gallons) was seen in the centerline bilge area. The origin of the fuel is unknown. Remove the fuel and clean the bilges to facilitate the detection of any possible fuel leaks.
10. Both port and starboard engine intake through hull valves are frozen in the open position. Have a qualified marine technician service as needed.
11. The generator exhaust hose visible forward of the exhaust muffler is cracked and at the end of its service life. Have a qualified marine mechanic inspect the generator exhaust system and service if/as necessary.
12. The bilge area located on centerline in the aft stateroom exhibits standing water – approx. two quarts. The drain plug located in the area is corroded and beyond its service life. Remove or replace as needed.
13. The two intake through hull valves and fittings for the AC unit exhibit significant corrosion. The port through hull valve is frozen. Have a qualified marine technician inspect and service all through hull fittings and valves as needed/necessary.
14. The two air-conditioning intake hoses located on centerline in aft stateroom bilge are cracked and beyond its service life. Inspect and replace the intake hoses as needed/necessary.
15. The forward (steaming light) did not function. Prove all navigation lights functional as required by federal regulations.
16. Both the port and fixed fire fighting systems have not been inspected and tagged as recommended by N.F.P.A. Provide adequate inspected and tagged fire fighting equipment as recommended by N.F.P.A. and required by federal regulations.
17. The shore power inlet exhibits burning. Have a qualified marine electrician inspect and service the shore power inlet if/as needed.
18. The starboard propeller shaft log exhibits water stains below the shaft log and is possibly leaking. Have a qualified marine mechanic inspect the shaft log and service if/as necessary.
1. The generator external coolant reservoir is low on coolant.
2. The knotmeter paddlewheel/transponder exhibits moderate marine growth. Service as necessary.
3. The interior bow thruster machine system(s) are not accessible.
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.
________________________________ December 17th 2010
By: Mr. Michael Herlihy, Surveyor/Rigger Date