60′ Swan sailboat

60 swan

C & V SURVEY
Condition & Valuation

Client: Removed for privacy Date of report: Removed for privacy
Our file #: Removed for privacy

Location: Baja Naval S.A. de C.V. Date of inspection: March 16th 2007
Av. de la Marina 10
Ensenada 22800
Baja California, Mexico

VESSEL DESCRIPTION

Builder: Swan
Model/type: Swan 61
Doc. #: Removed for privacy
Serial number: Removed for privacy
Length: 61’
Draft: 7’ 2”
Beam: 16.8′
Name: Removed for privacy
Engine/MFG: (1) Yanmar model 4JH2DTE
Year: 1987 H.P. per: 124
Type of instal. : inboard, Diesel, 4-cylinders, freshwater cooled,
turbocharged  Generator: Northern Lights
HIN: Removed for privacy
Hailing Port: Removed for privacy

HULL & STRUCTURE

The vessel was inspected while hauled. Hull construction material is molded fiberglass. Deck is constructed of teak planks over 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 – excellent. The vessel’s weight is 65,000 lbs. Vessel weight and engine specifics were reported by insured. Exterior rails and hardware appear good – excellent. Mast, mast step, standing rigging and chain plates, where visible, appear good – excellent. Cosmetic condition of vessel appears excellent externally and excellent internally. Vessel’s external colors are white with blue boot stripes and blue cove stripe. Hull bottom has blue anti-fouling paint. Below waterline through hull fittings appear good. The vessel is equipped with two manual and one electric/automatic bilge pumps that appear good and the bilge is holding minimal water and fuel. The ventilation system consists of blowers and natural ventilation and appears good. General housekeeping appears excellent.

Summary: Good – Excellent

MACHINE SYSTEMS

Engine external surfaces appear good and exhibit no rust, oil or coolant leaks. Engine hour meter exhibits 466-hours. Motor mounts appear satisfactory – good. Cooling system appears good. Fuel system and components appear good. Exhaust system and components appear good. Electrical system and components appear good. Engine control system appears good and shaft log appears good. Steering control system appears good and rudder port appears good. Propulsion components appear good. Generator surfaces and motor mounts appear good. Generator’s peripheral components and systems appear good. 8 KW Northern Lights model 8434-30750C with 1,790 hours on meter. Waste system and components appear good. General service seawater systems appear good.

Summary: Good

FUEL SYSTEM

There is 286-gallon capacity in three stainless steel tanks, located in saloon bilge. 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 manifold in saloon sole and appear good.

Summary: Good – Excellent

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections appear good. The AC wiring and outlets appear good. The AC main feed are protected with circuit breakers. Battery arrangement appears good. Batteries are equipped with a disconnect switch. 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 four portable fire extinguishers, three with current and one with expired certification. Vessel has no fixed fire suppression system. The safety components include: numerous PFDs including inflatables with strobes and one horseshoe buoy with MOB strobe light; distress flares with current certification; 8-man life raft with current certification (below cockpit hatch – not inspected); a 75 lb. stainless steel CQR anchor aboard with a 200’ and 300’ chain and appears good, 75 lb. CQR and a large Fortress which were not aboard. Navigational and anchor lights appear good. Other safety equipment includes MOM8-A, life sling, 406 MHz EPIRB and two radar reflectors.

Summary: Good – Excellent

LP GAS SYSTEMS

Vessel is equipped with LP gas which fuels the galley range. Tanks’ external appearance is good – excellent and they are properly secured. Ventilation appears good. Tank valves were opened and an odor was not noticed. Feed line is equipped with a reducing regulator, a pressure gauge and an electric shutoff solenoid and feed lines appear good.

Summary: Good

DOCKING

The vessel was not inspected at its normal slip location.

Summary: N/A

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Spurs line cutters, kelp cutter for rudder, dodger, Navtec hydraulic backstay tensioner, bimini top (currently down), satellite antenna mast, outboard mount on stern rail, ICOM AT-140 automatic antenna tuner, transformer, two shore power cords, spreader lights, foredeck floodlight, windex, TV directional antenna, insulated backstay, 50A/125/250V inlet to starboard aft of cockpit, electric cockpit winches include two Lewmar 66, two Lewmar 55, two Lewmar 46, and one Lewmar 65, turning blocks and various deck sailing hardware, passerelle, Simrad AP26 autopilot, Aquatic AV stereo remote control, engine instrumentation includes tachometer, oil and temperature, Raymarine C120 multi-function instrument (plotter/radar), fuel tank level gauge, Side Power bow thruster, Sitex Navigate instrument, B & G Hydra 2000 multi-function instrument, Suunto compass, cockpit VHF (not installed), two aft deck hatches, aluminum toe rails, Navtec hydraulic boom vang, B & G instruments include wind speed, boat speed, magnified wind and wind direction, cockpit speakers, two spinnaker poles, four Lewmar 46 self tailing winches (2-covered today), Reckman roller furling main sail assembly, roller furling main sail, six foredeck hatches, double anchor roller, Reckman master roller furling head sail assembly, Reckman roller furling inner headsail assembly, Lofrans electric windlass, wash down, Weems & Plath ship’s clock and barometer, master vanity, manual and electric aft shower sump pumps, Wild Thing bear, water tank level gauge, Xantrex 1800 watt inverter, Newmar 32-12-15C electrical converter, main electrical distribution panel includes AC source selector switch, AC voltmeter, AC ammeter, two DC ammeters, DC voltmeter, Xantrex Link 2000 inverter controller, branch AC & DC fuses and generator control panel, genset panel includes oil psi., temperature, volts and hour meter, Sea Recover Aqua Whisper water maker, head foot water pump, cabin fans, Reverso oil change system, flexible propeller shaft coupler, water heater, ZF Hurth transmission model AZG6A 2.5 (serial number 23449M), water heater, three 12V gel batteries below chart table seat, chart table, computer printer by HP, Simrad AP26 autopilot, Uniden ES VHF, ICOM IC-M802 HF transceiver, Dell computer flatscreen monitor, B & G Hydra 2000 unit, ICOM IC-M45 (cockpit) VHF, Dell computer, safe, two keyboards, Kenyon Sestrel hand bearing compass, second ship’s clock and barometer, hygrometer, Ritchie Powerdamp compass, internal sea strainers, double galley sink, Emerson MW8115 stainless steel microwave oven, refrigeration unit with three entries, Force 10 3-burner LP gas range, two galley foot pumps for freshwater and cooler/icebox drain, galley exhaust fan, three Racor fuel/water separator filters, fuel manifold, electric fuel pump for generator, icemaker, Jensen TV, Aquatic AV stereo system with Bose speakers, heart interface freedom 25 inverter, smart alternator regulator V3, ship’s vacuum, second manual head, second electric and manual shower sump pump, raw water wash down pump, water pressure pump, water pressure accumulator tank, third manual head, third manual and electric shower sump pumps, crew cabin sink, feathering 3-blade bronze propeller, 277-gallon water capacity, two larger 12V gel batteries, binoculars, sails – 3-years old, suit of 4 dacron-North, new suit of North 3 DL sails awaiting retrieval, lost of components stored aft of vessel, cockpit cushions, swim step (side mount)

SUMMARY

The vessel is a fiberglass performance cruising sailboat manufactured in Finland to a German Frers design. The client reports that fourteen of this model vessel were built. The vessel is equipped with a diesel inboard engine. The client purchased the vessel in January 2006 in Newport, Rhode Island. The vessel underwent a 3,000-hour (reported) restoration at Jamestown Boat Yard. Among the restoration projects was a blister repair to the hull, rebuilt rudder, removal and replacement of tankage along with cleaning of the bilges, replaced heads and sanitation system, rework of freshwater plumbing system, reconfigured and/or repaired charging system, replaced the galley stove and the entire propane system, serviced motors, through hulls, pumps, running gear, water maker, refrigeration systems etc… The rigging was serviced. Carpentry work included replacement of the companionway steps, reconfiguring the galley and miscellaneous joinery and veneer work. The vessel was then sailed to Florida where it was shipped to Ensenada, Mexico. Baja Naval Boat Yard in Ensenada, Mexico has painted the hull, deck and superstructure, varnished extensively, installed a bow thruster and are currently installing new glass in the deck hatches. The vessel was inspected while hauled. The vessel was not taken on a sea trial or sailed; the engine, transmission and generator were not test operated. All components are reportedly and assumed to be properly functional. The vessel appears to be structurally sound. The vessel is in excellent cosmetic condition. The owner exhibited extensive knowledge of the vessel and its systems. The vessel is well suited for its intended purpose as a coastal and offshore cruising vessel.

Overall Summary: Good – Excellent

VALUES

ACTUAL CASH – $1,175,000

VALUE NEW REPLACEMENT – $2,700,000

VALUE INVESTMENT – $1,300,000

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. Provide and install a locking ring for the shore power cord, which is currently in use.
2. Complete the installation of the cockpit VHF and prove it properly functional.
3. Service and prove the horn properly functional.
4. Complete re-commissioning procedures including attaching the anchor to the rode, replacing components which are currently removed including hatches etc…
5. Provide and install suitable covers for all primary battery connections including battery terminals and the winch connections exposed in the starboard locker in the master stateroom.
6. Determine the significance of the electrical component disconnected from the transmission, address appropriately.
7. Service to eliminate the fuel leak apparent atop the starboard forward saloon bilge fuel tank. Clean the fuel from the tank and the bilge to allow detection of any other leaks.
8. Display the documentation number per federal regulations.

NOTES

1. The anchor rode locker was not accessed during the survey.
2. The heat exchanger hoses between the water heater and the engine are damaged by the hose clamps at the engine, address appropriately.
3. The engine’s sea strainer exhibits surface corrosion, service 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.

________________________________ __________________
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301