40′ Hans Christian sailboat

C & V SURVEY
Condition & Valuation

Client: Removed for privacy
Date of report: February 7, 2018
Our file #: Removed for privacy
Location: Removed for privacy
Date of inspection: February 6, 2018

VESSEL DESCRIPTION

Builder: Hansa Yachts (Taiwan)
Model/type: Hans Christian / cutter
Year: 1980
Length: 39′ 7″
Draft: 6’
Beam: 11′
Doc. #: Removed for privacy
Name: Removed for privacy
HIN: Removed for privacy
Engine/MFG: Yanmar 3YM30
K.W. per: 21.2 @ 3,300 rpm
Serial numbers: Removed for privacy
Type of instal. : Diesel, 3-cylinders, freshwater cooled
Generator: None

HULL & STRUCTURE

The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of teak planks over 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 good. The vessel’s weight is unknown. Exterior rails and hardware appear good. Mast, mast step, standing rigging and chain plates, where visible, appear satisfactory, age of standing rigging is unknown. Cosmetic condition of vessel appears satisfactory – good externally and good internally. Vessel’s external colors are white. Below waterline through hull fittings appear satisfactory. The vessel is equipped with one manual and one electric / automatic bilge pump that appear satisfactory and the bilge is holding minimal water. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears good.

Summary: Satisfactory

MACHINE SYSTEMS

Engine’s external surfaces appear satisfactory – good and exhibit no significant rust, oil or coolant leaks. Engine hour meter exhibits 400 hours. Motor mounts appear good. Cooling system appear good. Fuel system and components appear satisfactory – good. Exhaust system and components appear satisfactory – good. Electrical system and components appear satisfactory – good. Engine control system appear satisfactory –
good, and shaft log appears satisfactory. Steering control system appears satisfactory
and rudder port appears satisfactory. Propulsion components were not examined.
Waste system and components appear satisfactory. General service seawater systems
appear satisfactory.

Summary: Satisfactory

FUEL SYSTEM

There is 80 gallon capacity in an unknown type (material) tank located in the bilge. Fuel
tank surfaces, where visible, appear good, and the securing mechanism appears
excellent – good. The fuel fill, vent, feed and return lines and components appear
satisfactory – good. Fuel fill to tank bonding appears satisfactory. Fuel shut off valves
are located on tank and appears satisfactory.

Summary: Satisfactory – Good

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections appear satisfactory – good. The AC wiring and
outlets appear satisfactory – good. The AC main feed is protected with a circuit breaker.
Battery arrangement appears satisfactory. Batteries are equipped with a 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 two – 2011, one – 2006 portable fire extinguishers. Vessel has no fixed fire
suppression system. The safety components include: numerous adult and child PFDs
and four throwable PFDs; distress flares with current certification (8/2019); suitable first
aid kit; 35 lb. anchor with chain and line rode that appears satisfactory. Navigational and
anchor lights appear satisfactory, mast head / steaming and all around / anchor lights
were not tested. Other safety equipment includes radar reflector, Lifesling, EPIRB with
10/2018 battery, smoke & C0 alarm.

Summary: Satisfactory

LP GAS SYSTEMS

Vessel is equipped with LP gas, which fuels the galley range. Tank external appearance
is satisfactory – good and it is properly secured. Ventilation appears satisfactory. Tank
valve was opened and an odor was not noticed. Feed line is equipped with a reducing
regulator, a pressure gauge and an electric shut off solenoid and feed lines appear
satisfactory.

Summary: Satisfactory

 

ACCESSORIES

Roller furling head sail assembly and sail, bow sprit, manual
windlass, Sampson post, four deck vents, grab rails, spreader lights, tv antenna, seven
winches, spinnaker pole, dodger, Icom AT-130 antenna tuner, Ritchie compass,
Raymarine instruments include ST60+ Tridata, ST60 wind and ST6002 smart pilot
autopilot, 30 amp / 125 volt shore power inlet and cord, Atlantic Marine water heater with
heat exchanger, DC refrigeration, Emerson microwave oven, Shipmate two burner lp
gas range, Racor fuel filter, audible engine alarm, engine instrumentation is tachometer
with digital hour meter, and alarm panel, remote engine instrumentation includes amps,
temperature and oil psi., electrical distribution panel aft in cabin includes main AC circuit
breaker, branch AC and DC circuit breakers, AC and 2 DC volt meters, DC ammeter,
galley, sink, two foot pumps, water pressure pump, power survivor water maker, metal
water tank in bilge, forward of engine, second water tank in saloon bilge, dinette, GFCI
outlet, chart table, Fusion MSAV700 stereo, Uniden ES vhf, Xantrex Link2000 battery
controller, Icom IC-M700 PRO HF transceiver, Tank Tender tank level indicator,
handheld gps, head includes electric head, sink and shower enclosure / storage

SUMMARY

The vessel is a composite fiberglass cruising sailboat equipped with a diesel engine.
The vessel was designed by Harwood Ives and built in Taiwan. The current owner
purchased the vessel in San Diego in 2011. He stated that the engine and transmission
are not original, but he does not know their age. He does not know the age of the
standing rigging, it was inspected and some components were replaced four years ago.
The anti-fouling paint was applied four years ago. At the same time some of the through
hulls were replaced. The vessel was inspected in its slip. No sea trial was performed
and the vessel as not hauled for survey. The engine was briefly test operated. The
vessel is basically structurally and mechanically sound. The vessel is well maintained.
The vessel appears suitable for its intended purpose as a coastal cruising vessel and
potentially as a blue water vessel.

Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE – $55,000

NEW REPLACEMENT VALUE – $350,000

INVESTMENT – $60,000 +

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 fire extinguishers per NFPA recommendations. Extinguishers
should be inspected and tagged annually and inspected by a qualified technician
or replaced every six years.
2. The galley sink drain through hull valve was stiff and was not moved, free it and
prove it properly functional. Address minor corrosion on the through hull and
valve assembly.
3. Display the documentations number per federal regulations.

NOTES

1. The teak decks are original, bungs are missing and there is heavy wear, normal
for teak decks for this age. Address as necessary.
2. There are small cracks about junctions and fittings on the bow rail, either address
the cracks or monitor carefully and address as necessary.

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 7, 2018
By: Mr. Kells Christian, Surveyor
S.A.M.S. – A.M.S. # 301