50′ Symbol motor vessel

50 symbol

C & V SURVEY
Condition & Valuation

Client: Removed for privacy
Date of report: September 25th 2009

Our file #: Removed for privacy

Location: California
Date of inspection: September 25th 2009

VESSEL DESCRIPTION

Builder: Symbol Yacht Co.
Year: 1990 (model year)
Model/type: Symbol 53
Doc. #: Removed for privacy
Length: 52’ 8” *
Draft: 3’ 7” *
Beam: 17’ 1” *
Name: Removed for privacy
Hailing Port: Removed for privacy
HIN: Removed for privacy
Engine/MFG: Two Caterpillars
H.P. per: 425
Serial numbers: P – Removed for privacy
S – Removed for privacy
Type of instal. : Diesel, 8-cylinders,freshwater cooled, inboard
* Documentation Generator: Kohler

HULL & STRUCTURE

The vessel was inspected while afloat. 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 with no fractures or delaminated fiberglass tabbings seen. The vessel’s weight is unknown. Exterior rails and hardware appear good, except the chain locker deck hatches have had the securing latches removed. Cosmetic condition of vessel appears satisfactory externally and good internally. Vessel’s external colors are white with a blue accent stripe. Below waterline through hull fittings appear satisfactory but there is an unused through in the port side transom and aft of the port engine that is not mechanically sealed. The vessel is equipped with three electric/automatic bilge pumps that appear satisfactory except the aft bilge pump’s automatic switch is not functional. The bilge has minimal standing water with more to aft where the bilge pump is not working. There is light debris in the bilges that can potentially obstruct the function of a bilge pump. The ventilation system consists of forced air and natural and appears satisfactory. General housekeeping appears good.

Summary: Satisfactory

MACHINE SYSTEMS

Engine external surfaces appear satisfactory and exhibit no significant corrosion. Engine hour meters exhibit P – 648, S – 655 hours. Motor mounts appear good. Cooling systems appear satisfactory except the port engine’s raw water pump exhibits signs of leaking, there is moderate salt build up about transmission cooler gaskets and seawater discharge hoses to exhaust are due for replacement. The bow thruster’s oil cooler exhibits corrosion about the zinc fitting. Fuel systems and components appear good. Exhaust systems and components appear satisfactory except for corrosion on the stainless steel bulkhead tubes and hull discharge through hulls. Electrical systems and components appear good. Engine control systems appear good and shaft logs appear satisfactory but the raw water supply hose clamps are corroded. Steering control systems appear satisfactory except for corrosion on the rudder support frame and rudder ports appear satisfactory but both rudder ports exhibit weeping water from the seals. Propulsion components were not inspected externally (vessel was not hauled). Generator surfaces and motor mounts exhibit isolated areas of rust. Generator’s peripheral components and systems appear satisfactory. Waste system and components appear satisfactory. General service seawater systems appear satisfactory but most hoses appear original and are nearing the end of their serviceable life.

Summary: Satisfactory

FUEL SYSTEM

There is an 805 gallon capacity in four black iron tanks located outboard of engines, below the master berth, and in the lazarette. Fuel tank surfaces, where visible, appear faulty – satisfactory as there is significant corrosion on the lazarette tank’s surfaces and it appears there is fuel residue on the tank’s shelf. Fuel tank securing is satisfactory. The fuel fill, vent, feed and return lines and components appear satisfactory but fill hoses are near the end of serviceable life and sight gauges are aged and brittle. Fuel shutoff valves are located at the tanks and forward bulkhead and appear good.

Summary: Marginal – Satisfactory

ELECTRICAL SYSTEMS

The AC shore cord was not separated from the inlet. The AC wiring and outlets appear good. The AC main feed are protected with circuit breakers. Battery arrangement appears satisfactory. Batteries are equipped with a disconnect switch. DC wiring appears good except there are two positive battery cables (2nd battery aft) with significant deterioration and most battery cables are not marked indicating they are marine grade wire. Circuit protection for the AC and DC branch system appears excellent. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears good.

Summary: Satisfactory

SAFETY AND LIFE SAVING

Vessel has six portable fire extinguishers with expired certification. Vessel has one fixed fire suppression system with expired certification. The safety components include: thirteen adult and three youth PFDs and one throwable PFD; distress flares were not seen; suitable first aid kit; one anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory.

Summary: Satisfactory

LP GAS SYSTEMS

Vessel is equipped with LP gas that fuels the range. Tank was not inspected as it is stowed within a plywood box. Ventilation appears marginal as the vent hose has a high loop. Tank valves were opened and an odor was not noticed. Feed line is equipped with a reducing regulator and an electric shutoff solenoid and feed lines appear satisfactory.

Summary: Satisfactory

DOCKING

The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points were found locked. Other security consists of a gated marina.

Summary: Good

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Xantrex 40-amp True Charge, Trace inverter/charger, Norcold Tek II freezer, six & ten gallon water heaters, double basin stainless steel sink, Modern Maid 3-burner range/grill, Danby microwave, White Westinghouse refrigerator/freezer, J.C. Penny microwave oven, Phillips 28” (approx.) TV, Toshiba SD-3950 DVD player, Kenwood KDC-MP228 stereo, U-Line icemaker, AC/DC volt-amp meters, Trace RC7 remote control panel, Brooksonic TV with built in DVD player, aluminum outriggers, three and nine rod rocket launcher type rod holders, six transom rod holders, plastic bait tank, fiberglass swim platform with swim ladder, Raytheon R41 radar, hydraulic trim tabs, Danforth compass, Simrad ECC-206 color sounder, Raytheon V820 color sounder, Raytheon Ray 90 VHF, RayNav 780 loran, Garmin 215 GPS MAP, Robertson AP200DL autopilot, Uniden MC620 VHF, Royal Mariner bronze clock and barometer, bimini top with isinglass enclosure, fiberglass aft deck hard top with isinglass enclosure, Maxwell electric windlass, Brower davit, Achilles tender with HIN ACH00078B292, Mercury 5 h.p. outboard with serial number OA895 (last two digits not legible).

SUMMARY

The vessel is a fiberglass cockpit motor yacht equipped with twin inboard diesel engines. The client reportedly purchased the vessel in 2001 and has installed a new charging system, holding tank and performed general maintenance. The vessel has low engine hours (per gauges) for its age. Cosmetics of vessel appear to be maintained but machinery systems are due for routine maintenance. Upon completion of the recommendations the vessel should be suitable for its intended purpose as a near coastal pleasure cruiser.

Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE – $200,000

NEW REPLACEMENT VALUE – $950,000

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.

RECOMMENDATIONS

1. Replace the forward v-berth’s floorboard pull ring, access the bow thruster, inspect for condition and service if/as required.
2. Service the aft bilge pump and prove it properly functional.
3. Have a qualified technician inspect the aft fuel tank due to significant corrosion and service as required.
4. Have a qualified electrician replace the deteriorated battery cables on the second battery and inspect all battery cables. Assure all battery cables are suitable for continued use, or replace as required.
5. Service to eliminate any apparent leaks on the port engine’s raw water pump.
6. Service the engines’ transmission coolers and bow thruster hydraulic oil cooler due to salt build-up and corrosion about the gaskets and zincs.
7. Replace corroded hose clamps on the propeller shaft logs’ raw water supply hoses.
8. Remove corrosion from both engines’ exhaust stainless steel bulkhead elbows and through hulls, inspect for deterioration and service/replace as required.
9. Remove surface rust from isolated areas of the generator and paint to arrest further corrosion.
10. Remove rust from various steel components in the lazarette (rudder supports and pump mounts), inspect for deterioration and service as required.
11. Service to eliminate weeping water from both rudder port seals.
12. Provide chafe protection for the starboard engine’s raw water hose at the engine mount and both engines fuel hoses where they rest against the drive belt/pulley cover.
13. Replace fuel sight gauges due to age and deterioration.
14. As most raw water service hoses appear original and are approaching the end of their service lives; closely monitor and replace as required.
15. Clean the bilge of debris.
16. Maintain the portable and automatic fire extinguishers per N.F.P.A. recommendations.
17. Provide federally required, approved and current distress signal flares.
18. Remove the high loop on the propane storage box’s vent hose to allow proper venting.
19. Install securing latches on the chain locker’s hatches.

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.

________________________________ September 25th 2009
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941