55′ California motor vessel

OLYMPUS DIGITAL CAMERA

C & V SURVEY
Condition & Valuation

Client: Removed for Privacy “RP”
Date of report: September 7th 2011

Our File #: 11-27345
Date of inspection: September 7th 2011

Location: XXXX

VESSEL DESCRIPTION

Builder: Californian
Doc. #: “RP”
Model/type: Californian Trawler
Name: “RP”
HIN: “RP”
Hailing Port: “RP”
Engine/MFG: Two Caterpillar 3208
Diesel, 8 cylinders, fresh water cooled, turbo, after cooled, inboard engines
H.P. per: 425 (approx.
Serial numbers: P – 01Z21557 S – 01Z21575
Year: 1991 (model year) Length: 55’ *
Draft: 4’ 3” *
Beam: 15” 2” * Type of instal. :
* Sister Ship Specifications Generator: Onan 20.0

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 good. The vessel’s weight is unknown. Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are white topside with blue and black accent stripes, white particle nonskid deck and blue anti-fouling paint. Below waterline through hull fittings appear satisfactory as visible (vessel was not hauled). The vessel is equipped with three electric/automatic bilge pumps that appear good and the bilge is clean and dry. The ventilation system consists of blowers and natural ventilation and appears good. General housekeeping appears good. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.

Summary: Good

MACHINE SYSTEMS

Engine external surfaces appear good and exhibit no significant rust, oil or coolant leaks. Engine hour meters exhibit P – 1160, S – 1162 hours. Motor mounts appear good. Cooling systems appear good. Fuel systems and components appear good. Exhaust systems and components appear good. Electrical systems and components appear good. Engine control systems appear good and shaft logs appear good. Steering control systems appear good and rudder ports appear good. Propulsion components appear good as visible – vessel was not hauled. Generator surfaces and motor mounts appear good. Generator’s peripheral components and systems appear good – 1468 hours on genset. Waste system and components appear good. General service seawater systems appear good.

Summary: Good

FUEL SYSTEM

There is a 700 gallon fuel capacity in two tanks located aft of engine. Fuel tank surfaces, where visible, appear good and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear good. Fuel shutoff valves are located at tank and manifold and appear good.

Summary: Good

ELECTRICAL SYSTEMS

The AC shore cord, inlets and connections appear good. The AC wiring and outlets appear properly installed. The AC main feeds are protected with circuit breakers. Battery arrangement appears good. Batteries are equipped with disconnect switches. DC wiring appears good. Circuit protection for the AC and DC branch system appears good. Wire terminations and connections appear good. Wire organization and arrangement appears good.

Summary: Good

SAFETY AND LIFE SAVING

Vessel has seven portable fire extinguishers with expired certification. Vessel has one fixed fire suppression system with expired certification. The safety components include: twenty five PFDs and one throwable PFD; distress flares with current certification; a life raft with current certification; suitable first aid kit; two anchors with chain and line and appears good. Navigational and anchor lights appear properly arranged and installed and functional. Other safety equipment includes: life sling, ditch bag, oxygen tank, three CO detectors/alarms.

Summary: Satisfactory

DOCKING

The vessel was inspected at its normal slip location. Line condition and arrangement appears good. Boarding hazards appear insignificant. All entry points are reportedly kept locked. Other security consists of Yacht Club security.

Summary: Satisfactory

ELECTRONICS, TENDER, ACCESSORIES

Accessories include: ICOM M710 SSB, Maxwell anchor windlass, Alpine camera system, two loud hailers, Plastimo compass, Garmin 2010C GPS/chart plotter/radar/fishfinder, Garmin 210 GPS with AIS, Standard Horizon Matrix VHF with AIS, Furuno radar, Fireboy engine shutdown system, Naiad stabilizer system, Sidepower bow thruster, port and starboard engine instrument: tachometer, oil press, water temperature, volt, two fuel level gauges, Benmar autopilot, Davis weather station, Ray 420 loud hailer system, telephone intercom system, ship’s bell, Seatel satellite television and internet systems, Broan trash compactor, U-Line refrigerator with icemaker, custom aft bar with stainless steel sink, Sylvania TV, aft deck furniture: two chairs, table two couches, coffee table, carpet, RCA TV, miscellaneous books, DVDs, charts, art work, backup autopilot and VHF, Uniden handheld VHF, chair, end and coffee table, miscellaneous lamps, miscellaneous galley equipment, G.E. refrigeration/freezer, Sharp microwave oven, double stainless steel sink, ship’s clock and barometer, interior cushions, miscellaneous tools, Algae X fuel cleaning system, Spectra water maker, Phase III battery charger, Xantrex 1100 watt, stainless steel bow rail, twelve stainless steel mooring cleats, stainless steel bow anchor roller, stainless steel fender holders, fifteen dock fenders, miscellaneous mooring lines, remote searchlight, five opening port lights, canvas isinglass flybridge camper enclosure, fiberglass radar/antenna arch, fiberglass swim step, canvas wood rail covers, miscellaneous window coverings, interior and exterior carpet, four teak cockpit chairs, flopper stopper poles with baskets, fresh and raw wash down pumps, Brower Systems electric dinghy davit crane, stainless steel wood aft ladder, four heating and air conditioning systems (Westerbeke), Sony marine stereo with four speakers, two captain chairs, flybridge upholstery, flybridge table, couch hide-a-bed, Sony TV, miscellaneous cleaning supplies, three Vacu-flush electric heads, Pioneer stereo system, central vacuum system, G & E washer and dryer, Toshiba TV, miscellaneous tools, 2001 12’ Novurania with HIN PDK13139J001 and a 40 hp Yamaha

SUMMARY

The vessel is a production built fiberglass cruising trawler equipped with twin diesel inboard engines. The vessel was inspected while afloat. The engines and generator were not test operated. The vessel appears to be professionally maintained. The vessel appears to be in as built structural condition and in good cosmetic condition. Upon completion of the recommendations the vessel is suitable intended use as a coastal cruising power trawler.

Overall Summary: Good

VALUES

ACTUAL CASH VALUE – $350,000
NEW REPLACEMENT VALUE – $1,500,000
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. In most instances the data found while researching the value is stored in our file for this survey. We primarily use market value analysis methodology for determination of value.

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. Fire extinguishers (both portable and fixed) are expired. Replace/service as required by federal regulations.

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 insurance and refinancing purposes and should provide the information necessary for underwriting. 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 9th 2011_
By: Mr. Michael Herlihy, Surveyor Date
S.A.M.S. Associate