60′ Chris Craft motor vessel

C & V SURVEY
Condition & Valuation

Client: Removed for privacy                                      Date of report: April 29, 2017
Address: Removed for privacy                                  Date of inspection: April 27, 2017
San Diego, CA                                                               Our file #: 17 – 29016

VESSEL DESCRIPTION

Builder: Christ Craft / Hatteras                               Doc. #: Removed for privacy
Model/type: Flybridge Motor Yacht                       Engine/MFG: (2) Detroit Diesel 12V92
Year: 1986                                                                     H.P. per: Unknown
Length: 64′ (approx)                                                  Serial numbers: S – XXXXXX  P – XXXXXX
Draft:                                                                            Type of instal. : Diesel, 12-cylinders, twin turbocharged
Beam: 18′ 1″                                                                 HIN: Removed for privacy
Name: Removed for privacy                                    Generator: Two KiloPak
* Reportedly based on Hatteras hull

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. The hull identification number (HIN) is illegible on the transom. 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 internally. Vessel’s external colors are white. Below waterline through hull fittings appear satisfactory. The vessel is equipped with two electric / automatic bilge pumps that appear marginal and the bilge is holding minimal water. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears satisfactory.

Summary: Satisfactory

MACHINE SYSTEMS

Engines’ external surfaces appear satisfactory and exhibit moderate corrosion. The Floscan engine hour meters exhibit 1,267 (port) and 1,582 (starboard) hours. Motor mounts appear satisfactory. 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 were not examined. Generators’ surfaces and motor mounts appear satisfactory. Generator’s peripheral components and systems appear satisfactory. Waste systems and components appear satisfactory. General service seawater systems appear satisfactory

Summary: Satisfactory

FUEL SYSTEM

There is unknown capacity in several aluminum tanks located in various bilge locations. Fuel tank surfaces, where visible, appear satisfactory, and the securing mechanism appears good. The fuel fill, vent, feed and return lines (diesel only) and components appear satisfactory.

Summary: Satisfactory

ELECTRICAL SYSTEMS

The AC shore cord, inlets and connections appear satisfactory. The AC wiring and outlets appear satisfactory. The AC main feed circuit protection is unknown. 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 five 2.5 lb. dry chemical portable fire extinguishers manufactured in 2015, and one manufactured in 1997. Vessel has no fixed fire suppression system. The safety components include: numerous PFDs and one throwable PFDs; distress flares were not seen; 80 lb. CQR anchor with chain and line rode that appears minimal. Navigational and anchor lights appear satisfactory (not tested).

Summary: Marginal – Satisfactory

DOCKING

The vessel was inspected at its normal slip location. Line condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points were found locked. Other security consists of local live aboards and marina personnel.

Summary: Satisfactory – Good

ACCESSORIES

Fiberglass swim platform, transom door, engine room engine instrumentation includes digital tachometers, water temp, two oil psi., fuel pressure, oil temp., air temp, gear drive oil psi., hour meters, Separ fuel filters, Algae-X fuel magnet, engine room lights, Abso Charger 60A battery charger, Magnum ME3112 inverter/charger, internal sea strainers, two engine room cameras, tool box, engine room generator instrumentation includes temp., oil pressure and hour meters, HRO system 10 watermaker, AC water pressure pump with pressure accumulator tank, Atlantic T20 water heater, Micro Commander electronic engine controls, hydraulic steering, two bait tanks, bait pump, cockpit sink, cockpit engine controls, Robertson AP22 auto-pilot, Datamarine Dart DM600 speed / depth, stainless steel bow rail, tuna tower, outriggers, Simpson Lawrence Horizon 1500 two-direction electric windlass, bow bait tank, Steelhead Marine WD1000 tender davit, Boston Whaler tender with outboard engine (not uncovered), tender chocks, three flybridge monitors, Ritchie compass, Data Marine Dart DM600 speed / depth, water and fuel level gauges, flybridge engine instrumentation includes FloScan gauges with tachometers, dual pyrometers, temp., two engine and one transmission oil pressure gauge per side, VDO sumlog, trim tabs, two Furuno Navnet controllers, Robertson AP20 auto-pilot, Horizon Eclipse VHF, Horizon LH5 hailer, Interphase Probe sounder, Polaroid monitor, camera controller, Icom IC-M127 vhf, two flybridge pedestal helm chairs, intercom, flybridge dinette, flybridge sink, rocket launcher rod holders, flybridge hardtop and full enclosure, tower helm station, seat and shade, primary electrical distribution panel to starboard aft in saloon includes five AC source selector switches, AC branch circuit breakers, (1) DC and (1) AC voltmeters, (1) DC and (3) AC ammeters, hertz meter, sub panel on flybridge, two sets of fresh and raw water washdowns, Ocean Breeze air conditioners, entertainment system includes satellite tv box, stereo, dvd and speaker controller, fishing equipment Toshiba tv, dinette, Scottsman ice maker, GE refrigerator / freezer, Jenn-Air four burner electric range with convection, galley sink, Sonya microwave oven, instant hot water, garbage disposal, JVC tv, master head includes vacu-flush head, sink and shower enclosure, vanity in master, starboard aft head includes vacu-flush head, sink and shower, starboard forward head includes vacu-flush head, sink and shower fixture, plastic holding tank, three 50A/ 125/ 250V shore power inlets, shore power cord, electrical subpanel in engine room

SUMMARY

The vessel is a production composite fiberglass sport fishing vessel equipped with two diesel engines and two diesel generators. The vessel is owned by a company, the vessel was previously owned by the prior owner of the company. The vessel has reportedly changed ownership (sold and repossessed) but the dates of the change of ownership were unclear. The engines were reportedly rebuilt 10 to 15 years ago and the generators are reportedly 10 years old. The vessel was reportedly last hauled and the bottom painted three years ago. The vessel was inspected in its slip. The engines were briefly test operated. The vessel was not taken on a sea trial or hauled for survey. The vessel exhibits passive maintenance. The vessel appears to be basically structurally sound. The vessel is questionably suitable for use in its current condition. Upon completion of the recommendations and a successful sea trial, the vessel should be suitable for its intended purpose as a coastal cruising and sport fishing vessel.
Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE – $145,000

NEW REPLACEMENT VALUE – $3,000,000

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.

RECOMMENDATIONS

1. Provide federally required, approved and current distress signal flares.
2. Clean the fuel filter bowls and fuel as necessary. There is growth in the fuel filter bowls, more significantly to starboard.
3. Assure that the vessel has at least three functional electric / automatic bilge pumps that are suitably sized for the vessel.
4. We encourage installation of a high water alarm.
5. Provide and install covers for the electrical distribution sub panel in the engine room, the sides are not covered.
6. Provide and install a faceplate for the electrical switch aft in the engine room, which currently has no faceplate.
7. Free up and prove all of the engines’ through hull valves functional, they were stiff and were not moved.
8. Provide and install covers for all of the batteries’ terminals to prevent accidental short circuiting.
9. Determine why there are disconnected battery cables near the starboard aft engine room battery, assure there is no liability associated with the unused cables.
10. There is a wet bronze “spot” to port of the centerline aft in the engine room bilge near the main engine through hulls and strainers. This may be a fastener through the bottom of the vessel which is corroded away, determine the cause and address appropriately.
11. Remove oil and water from below the starboard engine. Eliminate any weeps or leaks.
12. Eliminate water below and outboard of the port engine. Eliminate any weeps or leaks.
13. Free up the stiff or seized through hull valve forward of the port engine, likely for the port generator.
14. Cap or plug all unused through hulls including one to port aft in the engine room and one in the lazarette bilge.
15. Replace the broken mirror located forward in the saloon, this presents a personal injury risk.
16. Assure that the vessel has suitable main AC over current protection. Comply with ABYC recommendations.
17. The HIN is illegible on the transom , modify to comply with federal regulations.

NOTES

1. There is a hose connected to a through hull just above the waterline to starboard aft in the engine room, the hose is unused and is currently plugged with a wooden dowel plug. Modify to prevent any leaks through this hose.
2. The electrical system uses welding cable for battery cable. Welding cable is prohibited by ABYC recommendations. There was no damage noted to the welding cable. Monitor the cable and replace if / as necessary.
3. Address the corrosion on both engines’ starboard forward motor mounts. Eliminate the cause of the corrosion.
4. The starboard generator’s hour meter was running continuously, even though the generator was not running. Address as desired.
5. Eliminate the air bubble in the flybridge compass.
6. Address miscellaneous cosmetic deficiencies including scratches on the port hull side aft. The vessel was extremely dirty, clean the vessel as necessary.
7. Paint is failing on the foredeck, address as desired.
8. There is water damage below the window support in the saloon and galley, eliminate any water leaks and repair the damage as desired or as necessary.
9. The plastic shower enclosure in the master head is cracked, replace as desired.
10. Miscellaneous aluminum components exhibit corrosion including hardware on the tower and backing plates for stanchions and deck hardware. Address as necessary.
11. Remove wire nuts used at electrical connections for the waste components in the forward bilge. Replace wire nuts with butt connections or terminal boards. Comply with ABYC recommendation.
12. There is minor corrosion and salt crystals about the rudder ports, address appropriately.

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.

________________________________ __________________
By: Mr. Kells Christian, Surveyor