63′ Sunseeker 58 Manhattan motor yacht

63 sunseeker500

C & V SURVEY
Condition & Valuation

Client: Removed for Privacy “RP”
Date of report: August 15th 2011

Our file #: 11 – 27175

Location: Slip G-19 XXXX
San Diego, CA 92101
Date of inspections:
Afloat: August 10th 2011
Afloat in San Diego
Hauled: April 24th 2011
Hauled at XXXX
Ensenada, Mexico

VESSEL DESCRIPTION

Builder: Sunseeker
Year: 1996 (model year)
Model/type: Manhattan 58
Name: “RP”
Hailing Port: XXXX, AZ
Doc. #: “RP”
Length: 62.5 (LOA)
Draft: 4’ 1”
Beam: 15’ 7”
Engine/MFG: Two Cummins
Type of instal. : Diesel, 6 cylinders,
turbocharged, V-drives, after cooled
H.P. per: 660 (QSMII-M)
Serial numbers: S – 60419419
P – 60419359
HIN: Generator: Mas Power

HULL & STRUCTURE

The vessel was inspected while hauled and 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 unknown material (likely plywood). Overall condition of the hull structure appears good. The vessel’s weight is reportedly 64,200 lb. Exterior rails and hardware appear good. Cosmetic condition of vessel appears satisfactory – marginal externally and satisfactory internally. Vessel’s external colors are white and red with gold stripes on the hull. Below waterline through hull fittings appear satisfactory – good. The vessel is equipped with one manual and five electric/automatic bilge pumps that appear good and the bilge is holding minimal water. The ventilation system consists of engine room blowers and natural ventilation and appears good – excellent. General housekeeping appears good – excellent. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.

Summary: Satisfactory – Good

MACHINE SYSTEMS

Engines’ external surfaces appear good and exhibit no rust or coolant leaks. Engine hour meters were not observed. 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 is satisfactory – good and rudder ports appear good. Propulsion components appear satisfactory. Generator surfaces and motor mounts appear excellent. Generator’s peripheral components and systems appear excellent. Waste system and components appear good. General service seawater systems appear good.

Summary: Good

FUEL SYSTEM

There is unknown capacity in two metal tanks located forward of engine room. Fuel tank surfaces, where visible, appear satisfactory (mostly inaccessible) and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory – good. Fuel shutoff valves are located at tanks and appear good.

Summary: Satisfactory – Good

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections appear good. The AC wiring and outlets appear good. The AC main feeds are protected with circuit breakers. Battery arrangement appears good. 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 one 2001 halotron, one 1999 dry chemical, one 2002 dry chemical, and three 1994 dry chemical fire extinguishers. Vessel has a Fireboy MA2-1275 FE241 fixed fire suppression system with current certification. The safety components include: approximately 40 adult PFDs and two throwable PFDs; distress flares with expired certification; one anchor with chain rode that appears good. Navigational and anchor lights appear satisfactory (not tested). Other safety equipment includes: life sling, throw rope, emergency engine driven bilge pump system, fire blanket, air horn and a canister air horn.

Summary: Satisfactory – Good

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 marina personnel and locked dock gates.

Summary: Good – Excellent

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Anchor roller, windlass, grab rails, flybridge bimini top with full enclosure, integral swim platform with safety rails, boarding ladder, two electric stern capstans, four sets of mooring cleats, 50 amp shore power cord on electric cable caddy, water pressure inlet, inflatable tender in transom locker, tv/telephone inlet, transom door, cockpit shower, radar arch, courtesy lights, cockpit bench seat, AC source selector switch, wing door at lower helm, sliding door between cockpit and saloon, foredeck sun pad, foredeck hatch, anchor wash down, anchor float, three windshield wipers, two remote controlled spotlights, flybridge bench seating, flybridge helm station and seat, flybridge engine instrumentation includes two Cummins electronic displays and two analog temperature gauges, Ritchie compass, tank level indicator, rudder angle indicator, Raymarine E80 multi-function device, Robertson AP300X autopilot, Vetus bow thruster, electronic engine controls, AC voltmeter and ammeter, ICOM IC-M504 VHF, trim tabs, 50A/125/250V shore power inlet, second TV/telephone inlet, dripless shaft seals, flexible propeller shaft to transmission couplers, engine room camera, internal engine sea strainers, Twin Disc transmissions, engine mounted instrumentation includes two oil psi. and two temperature, Force 10 twenty gallon water heater, Separ fuel filters, Newmar PT-24-40 battery charger, two Samsung saloon TVs, U-Line icemaker, stereo/entertainment system includes Onkyo DVD and receiver, amplifier, power conditioner and maximizer, Marine Aire air conditioning with four controllers, saloon sofa and table, lower helm station with chair, two lower helm bench seats, lower helm engine instrumentation includes two Cummins electronic displays, generator control panel and hour meters (12 hours), water and fuel tank level gauges, rudder angle indicator, Raymarine E120 multi-function device, Robertson AP300X autopilot, Urania compass, ICOM IC-M504 VHF, hydraulic steering with flybridge and lower helms, electrical distribution panel includes branch AC & DC circuit breakers, two AC and two DC voltmeters, one AC and one DC ammeter, Tank Watch holding tank full light, double galley sink, 4-burner electric stove, handheld VHF, water pressure pump with accumulator tank, Asko 760 dishwasher, Kariba clothes washer/dryer, stainless steel holding tank, waste Y valves, aluminum water tank, Norcold DE0061 refrigerator/freezer, Weems & Plath ship’s clock, barometer, temperature and humidity instruments, sump collector and pump, G.F.C.I. electrical outlet, aft head has sink, Vacu-flush head and shower enclosure, opening port light and sliding windows, master head has sink, second Vacu-flush head and shower enclosure, two guest cabins with two single berths per cabin, master stateroom includes vanity, large berth, stereo, View Sonic TV and Philips DVD

SUMMARY

The vessel is fiberglass flybridge cockpit motor vessel equipped with two diesel engines and a diesel generator. The vessel was manufactured in Great Britain. The client purchased the vessel in September 2004 in Palm Beach, California. The vessel has just completed an eleven month refit which was performed at Baja Naval Boat Yard in Ensenada, Mexico.

The client provided a list of items which were accomplished during the refit and they include installation of remanufactured engines, new (surplus) transmissions/V-drives, through hulls, steering pump, steering hoses, batteries, air conditioning components, bilge pump systems, engine controls, engine exhaust components, sanitation hoses, shaft seals, helm components and the refit included extensive sea trials and commissioning by Cummins. The client also provided a list of prior improvements including electronics, saloon entertainment, sanitation pumps, microwave, anchor chain, Flexiteak decking, interior carpeting, teak and holly soles and a repainting of the bottom half of the vessel.

The vessel is basically structurally and mechanically sound. The engines were not test operated but the engines appear good, sea trials were performed by the engine installer and the vessel was recently operated from Ensenada to San Diego. The vessel is suitable for its intended purpose as a coastal cruising vessel.

Overall Summary: Good

VALUES

ACTUAL CASH VALUE — $500,000
NEW REPLACEMENT VALUE — $2,000,000
INVESTMENT — $795,000

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. 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

Haul out

1. The aft edge of the port strut was “ground away”, monitor and address as necessary.
2. Both propellers exhibit minor damage, more to starboard, repair the damage.
3. Both engines’ external intake screens were missing, reinstall the external screens. Both engines have internal sea strainers.

Afloat

1. Maintain the portable fire extinguishers per N.F.P.A. recommendations.
2. Provide federally required, approved and current distress signal flares.
3. Provide a secondary anchor and rode for use in two anchor situations or emergencies.
4. Display the name and hailing port per federal regulations.
5. Provide at least a short section of line in the bitter end of the anchor chain to allow emergency disconnection with a knife.
6. Properly secure the loose switch to starboard overhead in the engine room. The switch is labeled davit/crane.
7. There are seven conductors connected to one battery terminal on a battery aft of the starboard engine. Connect no more than three conductors per terminal and comply with A.B.Y.C. recommendations.
8. There is a hose connected to a discharge through hull to port aft in the engine room, the hose is plugged with a wooden dowel. Either return the hose to use or properly cap the through hull.
9. Service as a result of algae in the fuel filter bowl. Clean the fuel filter bowls and fuel as necessary.

NOTES

1. There are numerous cosmetic deficiencies particularly on the deck and superstructure, address as desired or as necessary. Cosmetic deficiencies include discoloration and localized patches which are not well blended.
2. There is weathering about the windshield and some water damage below, address appropriately.
3. The vessel was not manufactured in America and components such as fuel hoses are not labeled per U.S. standards and regulations. Assure components such as fuel hoses and battery cables are suitable for this application, address if 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 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.

________________________________ August 15th 2011
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301