50′ Symbol motor vessel

C & V SURVEY
Condition & Valuation

Client: Removed for privacy
Date of report: March 13, 2017

Our file #: Removed for privacy

Location: San Diego, California
Date of inspection: March 9, 2017

VESSEL DESCRIPTION

Builder: Symbol Yacht Co.
Year: 1986
Model/type: Symbol 44 / double cabin
Doc. #: Removed for privacy
Length: 49′ 5″ (LOA)
Draft: 4′ 1″
Beam: 15′
Name: Removed for privacy
Hailing Port: Removed for privacy
HIN: Removed for privacy
Engine/MFG: Two Caterpillar 3208
H.P. per: 300 @2800 rpm
Serial numbers: P – Removed for privacy
S – Removed for privacy
Type of instal. : Diesel, 8-cylinders, turbo chargedfreshwater cooled
Generator: 5 Kw Kohler

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. Coring is unknown. Bulkheads are constructed of plywood. 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 marginal externally and satisfactory – marginal internally. Vessel’s external colors are white. Below waterline through hull fittings appear satisfactory – good. The vessel is equipped with three electric / automatic bilge pumps that appear satisfactory and the bilge is holding moderate water and oil in engine room. The ventilation system consists of four engine room blowers and natural ventilation and appears satisfactory. General housekeeping appears satisfactory.

Summary: Satisfactory

MACHINE SYSTEMS

Engines’ external surfaces appear satisfactory and exhibit no significant rust, oil or coolant leaks. Engine hour meters exhibit P – 2906 and S – 2838 hours. Motor mounts appear satisfactory with some corrosion. 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 logs appear satisfactory. Steering control system appears satisfactory and rudder ports appear satisfactory. Propulsion components appear satisfactory. Generator surfaces and motor mounts appear satisfactory. Generator’s model number is 5000763, and serial number is 303768. Generator’s peripheral components and systems appear satisfactory. Waste system and components appear satisfactory. General service seawater systems appear satisfactory.

Summary: Satisfactory

FUEL SYSTEM

There is unknown capacity in seven tanks, three tanks per side (aluminum apparently) in engine room (plumbed as one tank per side) and one tank below forward berth. Fuel tank surfaces, where visible, appear good 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 tanks and appear satisfactory.

Summary: Good

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 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 – 2014, two – 2011 portable fire extinguishers. Vessel has a Fireboy FE241 fixed fire suppression system manufactured 5-27-2005. The safety components include: five adult type II and numerous and various other PFDs and one throwable PFD; distress flares with expired certification – 2015; suitable first aid kit; 45 lb. CQR anchor with chain and line rode that appears satisfactory and a secondary Danforth type anchor. Navigational and anchor lights appear satisfactory – good. Other safety equipment includes: canister air horn, air horn, two CO alarms.

Summary: Satisfactory

 

DOCKING

The vessel was not inspected at its normal slip location.

Summary: N/A

ACCESSORIES

Trim tabs, swim platform, bow plank with anchor roller, transom door, outriggers, flybridge hardtop with soft enclosure, boarding ladder, tender davit with electric winch, Avon Rover 3.10 RIB inflatable tender with HIN – AVB314754001 equipped with a 15 hp Nissan outboard engine model NSF15C3BH-1 with serial # 028024AX, tender chocks, fender holders, kayak holder, Maxwell 2200 two direction electric windlass, spotlight, various canvas covers, Hynautic hydraulic engine controls, TV / telephone inlet, 30 amp shore power inlet, bait pump, bait tank, water heater, cutting board, water pressure inlet, cockpit spigot and hose, cockpit sink, two cockpit floodlights, flybridge engine instrumentation includes tachometer, temperature, engine oil pressure, volts, transmission oil pressure, pyrometers, Floscan fuel flow meter, Garmin fish finder 250C, Raymarine ST8001 smart pilot autopilot, Danforth compass, Horizon Intrepid VHF, Garmin GPSMAP 21S, Raymarine E120 multi-function device, intercom, Todd pedestal helm chair, hydraulic steering with two helm stations, life sling, Xantrex XC3012 battery charger, water pressure pump with pressure accumulator tank, Twin Disc MG 506-1 transmissions, Racor fuel filters with vacuum gauges, fuel manifold forward in engine room, saloon sofa, table and chair, two deck chairs, Sylvania tv, Sony dvd, dish tv satellite tv receiver, lower helm engine instrumentation includes digital tachometer, engine and transmission oil pressure, temperature, volt and hour meters, Icom-M504 vhf, Danforth compass, Horizon ram mic vhf, voltage monitor, heart interface inverter controller, electrical distribution panel at lower helm includes main AC circuit breakers, branch AC & DC circuit breakers, AC source selector switch, AC & DC volt and ammeters, small galley appliances, Kenmore microwave / convection oven, Sub Zero 249R refrigerator, galley sink, ship’s clock and barometer, handheld VHF, Waeco refrigerator, plastic holding tank, waste Y-valve, head includes Vacu-flush head, sink and shower enclosure

SUMMARY

The vessel is a production fiberglass motor vessel equipped with two diesel engines and a diesel generator. The vessel was built in Taiwan. The client purchased the vessel five years ago. The client stated that the engines are original and are in good condition. The prior owner replaced the fuel tanks just prior to the current owner purchasing the vessel. The current owner removed the propane tank and the galley range. The vessel was inspected while hauled. The engines were not test operated and no sea trial was performed. The vessel appears basically structurally sound. The vessel exhibits moderate deferred maintenance. Upon completion of the recommendations the vessel should be suitable for its intended purpose as a coastal cruising vessel.

Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE – $60,000

NEW REPLACEMENT VALUE – $1,200,000

INVESTMENT – $75,000 +

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.

RECOMMENDATIONS

1. Maintain the fixed and portable fire extinguishers per N.F.P.A. recommendations. Extinguishers should be inspected and tagged annually and inspected by a qualified technician or replaced every six years.
2. Provide federally required, approved and current distress signal flares.
3. Assure that any tank vent fittings are properly installed to prevent any re-entry of fluid into the vessel. Vent fittings attached to port aft hull side vent covers are not properly installed.
4. Replace the damaged wooden fairing block on the port hull bottom transducer.
5. Address the water leak through the various saloon windows and repair damage as desired or necessary. The most significant damage is to starboard in the saloon.
6. Consider relocating the bait pump which is currently mounted on the through hull as it presents a flooding hazard if it is broken.
7. Service and prove the high water alarm properly functional. A second switch in the aft bilge is loose and did not function. Properly secure the switch.
8. The aft bilge pump’s float switch stuck in the in the “on” position. Service or replace the float switch.
9. The bilge pump forward in the lazarette did not function in the automatic mode, service and prove it properly functional.
10. Properly secure the loose drain fitting in the port forward cockpit locker.
11. Address corrosion outboard and forward on the port engine, eliminate any cause of the corrosion. Eliminate the corrosion to allow detection of any future weeps or leaks.
12. Remove the oil from the engine room bilge. Eliminate the source of the oil.
13. Free up and prove the generator’s through hull valve properly functional.
14. Replace wing nuts used on battery terminals with steel nuts and lock washers. Comply with A.B.Y.C. recommendations.
15. Install the cover for the uncovered battery aft in the engine room to prevent accidental short circuiting.
16. The six volt batteries inspected, were “dry”. Either refill and assure they are suitable for continued use or replace the batteries as necessary.

NOTES

1. Replace the damaged and missing cockpit deck scupper covers on the transom.
2. Address the miscellaneous hull side rub marks, scratches, fiberglass cowling damage and rub rail deficiencies including impact damage, rub marks and stains.
3. Address the cosmetic damage to the boot stripes as desired.
4. Replace the missing zinc anode on the starboard propeller shaft.
5. The hull bottom has blisters, most are small but some range up to 2” in diameter. Either repair or monitor and repair as necessary.
6. Monitor the play between the propeller shafts and the strut bearings, address as necessary.
7. The swim platform has damage and prior repairs on the centerline on the aft edge. Improve the cosmetics of these repairs if / as desired.
8. There is a bird’s nest in the cover for the davit motor, address as necessary.
9. Remove rust and corrosion on steering system components in the lazarette. Inspect, service and paint as necessary.
10. Return the electrical cover which is removed from the water pump to starboard aft in the engine room bilge.
11. Assure that all engine exhaust supports are properly secured, some are partially secured with fasteners missing and flanges not mounted flush.
12. Address the minor water leak onto the starboard engine’s starter.
13. The lower helm port transmission oil pressure gauge is illegible, address appropriately.
14. The sump and bilge pumps have been removed from the galley bilge. Consider returning these components.
15. There is minor fiberglass damage and repairs on an athwartship located in the lazarette, either properly repair this or monitor and repair as necessary.
16. There is minor fiberglass tabbing delamination in the galley bilge, either repair this condition or monitor and repair as necessary.
17. We did not see or test the inverter. Assure the inverter is installed per A.B.Y.C. recommendations, has proper over current protection for the AC and DC systems and otherwise complies with the manufacturer’s installation instructions.

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.

________________________________ March 13, 2017
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301