60′ Seaway passenger fishing vessel

C & V Survey

Condition and Valuation

Client:      Removed for privacy Date of report:        February 20, 2014
Our File #:               14-28167
Location: Removed for privacy Date of inspection: February 18, 2014

VESSEL DESCRIPTION

Builder:          Seaway Doc. #:                Removed for privacy
Model/type:  Passenger fishing boat Engine/MFG:    John Deere 8.1 Liter
Year:               1981 H.P. per:             Unknown
Length:          60′ 5″ Serial numbers: S – Removed for privacy
Draft:             4′                               P – Removed for privacy
Beam:            19′ Type of install.: Diesel, six cylinders
Name:           “Removed for privacy”              inboard, turbo charged
HIN:               Removed for privacy Generator:         50 KVa Marathon
Hailing Port: Removed for privacy

HULL & STRUCTURE

The vessel was inspected while afloat. Hull construction material is fiberglass over plywood.  Deck is constructed of fiberglass over plywood and above deck structures are constructed of fiberglass over plywood.  Bulkheads are constructed of plywood.  Overall condition of the hull structure appears satisfactory – good.  The vessel’s weight is approx. 68,000 lb.  Exterior rails and hardware appear satisfactory.  Cosmetic condition of vessel appears satisfactory externally and satisfactory internally.  Vessel’s external colors are white.  Below waterline through hull fittings appear satisfactory – good.  The vessel is equipped with one engine driven and one electric / automatic bilge pump with manifold which appear satisfactory and the bilge is holding minimal fluid.  The ventilation system consists of blowers and natural ventilation and appears good.  General housekeeping appears satisfactory – good.

Summary: Satisfactory

MACHINE SYSTEMS

Engines’ external surfaces appear satisfactory and exhibit moderate rust. Engine hour meters exhibit P – 14,405 & S – 14,421.  Motor mounts appear satisfactory.  Cooling systems appear satisfactory.  Fuel systems and components appear satisfactory.  Exhaust systems and components appear satisfactory.  Electrical systems and components appear satisfactory.  Engine control systems appear satisfactory and shaft logs appear satisfactory.  Steering control systems appear satisfactory and rudder ports appear satisfactory.  Propulsion components were not examined.  Generator surfaces and motor mounts appear satisfactory with surface corrosion.  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 1,000 gallon capacity in two 500 gallon steel tanks located outboard in engine room. Fuel tank surfaces, where visible, appear satisfactory and the securing mechanism appears good.  The fuel fill, vent, feed and return lines and components appear satisfactory.

Summary: Satisfactory

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections were not inspected. The AC wiring and outlets appear satisfactory.  The AC main feeds are protected with circuit breakers.  Battery arrangement appears satisfactory – five 8D 12 volt wet cell batteries on flybridge (secured and covered).  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 – marginal.  Wire organization and arrangement appears satisfactory – marginal.

Summary: Satisfactory

SAFETY AND LIFE SAVING

Vessel has five portable fire extinguishers with current certification – Feb. 2013. Vessel has one Fireboy MA2-1275 fixed fire suppression system with current certification.  The safety components include: fifty-four adult type I, five child type I PFDs and two life rings – one with light throwable PFDs; distress flares with current certification; 50 person IBA life raft with current certification – 4/12; a suitable first aid kit; 66 lb. claw anchor with chain and line rode that appears good.  Navigational and anchor lights appear satisfactory.  Other safety equipment includes: 406 MHz EPIRB with current battery and hydrostatic release, two MOB strobes, sea anchor and CO alarm.

Summary: Satisfactory-Good

DOCKING

The vessel was inspected at its normal slip location. Line condition and arrangement appears satisfactory.  Boarding hazards appear insignificant.

Summary: Good

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Radar arch, four pilothouse floodlights, PA system, three computer monitors, Furuno Navnet controller with Samsung monitor, Furuno GPS navigator, Ritchie Powerdamp compass with 2005 deviation cord, engine instrumentation includes two tachometers, two temperature, two oil pressure, two volts and two transmission oil pressure, Dytek 703200 seawater temperature instrument, Furuno FCV-1100L color LCD sounder, Com Nav 1001 autopilot, generator instrumentation includes temperature and oil, rudder angle indicator, remote controlled spotlight, Wesmar HD series E sonar, ICOM 2 meter transceiver, ICOM IC-2100 FM transceiver, Horizon Eclipse+ VHF, Horizon Intrepid VHF, Kenwood stereo, Mitsubishi satellite telephone and dispatch, Newmar ABC12-15 battery charger, ICOM AT-140 antenna tuner, watch alarm, Nobel tec software, ICOM IC-M802 VHF, helm chair, JRC NCR-333 navtex receiver, two aft deck floodlights, four dinette dining area, all electric cooking devices in galley include grill, two burner stove, two soup heaters and microwave oven, two refrigeration units, double sink, two Vizio TVs, satellite TV system, Philips DVD, two day heads, anchor roller, electric windlass, night vision camera, hydraulic steering, bait pump, fish hold, bait tank (120 scoop), main electrical distribution panel aft in engine room, AC hertz, volt and ammeter, Lewco 1220 ACD battery charger, engine room generator instrumentation includes: hour meter, temperature, oil pressure and volts, Village Marine Tec water maker, Bradford White water heater, engine room lights, internal sea strainers, Twin Disc MG-5085-SC transmissions, main engine exhaust thrust tube, Racor fuel filters, extending sonar transducer

SUMMARY

The vessel is a fiberglass over plywood passenger carrying fishing vessel. The vessel was built in Long Beach, California.  The vessel is equipped with two diesel engines which were reportedly installed new five years ago and are Tier II compliant engines.  The current owner purchased the vessel 1 ½ years ago.  The vessel has air conditioned cabins and satellite TV.  The vessel has a current United States Coast Guard certificate of inspection for 45 passengers and 5 crew.  The vessel was inspected while afloat at the dock, the engines were not test operated, no sea trial was performed and the vessel was not hauled for survey.  The vessel appears basically structurally sound.  Upon completion of the recommendations the vessel should be suitable for its intended purpose as a passenger carrying vessel.

Overall Summary: Satisfactory

VALUES

ACTUAL CASH VALUE     NEW REPLACEMENT     VALUE INVESTMENT           

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.

This survey is for the express purpose of insurance and financing. It is not meant as a buyer’s survey.

RECOMMENDATIONS

These recommendations are the surveyor’s ideas and suggestions for addressing deficiencies with damaged or suspect components or systems found during survey or general improvements. The primary recommendations address safety items, structural issues, operational issues or deficiencies which the surveyor determines are of greater importance or more expense than secondary deficiencies. For instance, items that pose a risk to passenger safety or immediate property damage are listed under primary deficiencies and cosmetic concerns are addressed under secondary deficiencies. Most of the recommendations have been addressed in the comments and usually they are discussed at the time of the inspection.

PRIMARY

  1. A wire for the watch alarm is in contact with an air conditioner pulley below the flybridge console, relocate and secure the wire to prevent contact.
  2. Wiring below the flybridge console is generally disorganized and there is a loose AC electrical outlet. Organize, bundle and secure the wires and comply with A.B.Y.C. recommendations (or similar standards).
  3. The windlass uses a line drum and includes a length of anchor chain, exercise caution or consider modifying the windlass drum to include a chain drum (wildcat).
  4. There is wood deterioration on the bottom center of the transom at the zinc studs, repair as necessary.
  5. There are salt crystals accumulated around the wash down / water maker pump to port in the engine room. Service to eliminate any leaks. Clean salt crystals to allow detection of any future leaks.
  6. Replace the damaged keel cooler water hose below the generator as the hose as has been exposed to petroleum products.
  7. Properly repair the PVC manifold which has Splash Zone at the connection for seawater supply to the generator’s exhaust. The generator is keel cooled and relies on an AC electrical pump for cooling water to the generator’s exhaust system.
  8. Assure all interior lights are properly functional, the center forward engine room light was inoperative and the lighting in the engine room is generally dim.
  9. There are two cracked hoses located at through hulls forward in the engine room, replace these hoses.
  10. There is a deteriorated plywood shelf to starboard aft in the engine room below refrigeration components, replace this deteriorated plywood.

SECONDARY

  1. Properly secure the loose anchor chain on the foredeck.
  2. Address corrosion about the steering components including the pillow block bearings for the rudder posts.
  3. There are zero hours on the generator’s hour meter, prove it functional for maintenance intervals.
  4. There is an extensive amount of PVC pipes used in seawater systems, carefully monitor for signs of weeps and leaks and address appropriately.
  5. There is corrosion and salt crystals by the generator’s starboard motor mount. Eliminate any source of this corrosion and salt crystals. Clean to remove the corrosion and salt crystals to allow detection of any future leaks.
  6. There are salt crystals to port overhead in the engine room.       Service to eliminate the source of the salt crystals, clean to remove the salt crystals to allow detection of any future weeps or leaks.
  7. Service as a result of soot visible at the port engine’s exhaust / water injection fitting. Eliminate any exhaust leaks and clean to remove soot to allow detection of any future exhaust leaks.
  8. The HIN is not properly displayed on the transom, comply with regulations 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/finance 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 20, 2014 
By: Mr. Kells Christian, Surveyor                                     Date
S.A.M.S. – A.M.S. # 301