88′ Ferretti motor yacht

 

88 knightandcarver500

C & V SURVEY
Condition & Valuation

Client: Removed for Privacy “RP”
Date of report: June 16th 2011
Our file #: 11 – 27261

Location: XXXXX Yacht Center
Date of inspection: June 14th 2011

VESSEL DESCRIPTION

Builder: Ferretti
British Registry #: “RP”
Model/type: F881
Year: 2007 (model)
Name: “RP”
HIN: “RP”
Hailing Port: “RP”
Length: 88’/26.96m
Draft: 2.83m
Beam: 6.72m
Engine/MFG: Two MTU 16V2000
Serial numbers: P – 536105932 S – 536105933
Type of instal. : Diesel, inboard, V-drives, 16 cylinders, twin turbocharged, after-cooled
Generator: Two 32 KW Kohler
KW Total: 2984

HULL & STRUCTURE

The vessel was inspected while hauled. 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 reportedly constructed of cored fiberglass. Overall condition of the hull structure appears good – excellent. The vessel’s weight is unknown. Exterior rails and hardware appear good – excellent. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are white. Below waterline through hull fittings appear good. The vessel is equipped with seven Rule 3700 bilge pumps and emergency engine pickups that appear good and the bilge is clean and dry. The ventilation system consists of engine room blowers and natural ventilation and appears good. 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: Good – Excellent

MACHINE SYSTEMS

Engines’ external surfaces appear good – excellent and exhibit no rust, oil or coolant leaks. Engine hour meters exhibit 1160 & 1170 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 log appear good. Steering control systems appear good and rudder ports were not examined (PWC on top). Propulsion components appear good. Generators’ surfaces and motor mounts appear satisfactory. Generators’ peripheral components and systems appear satisfactory. Two (2) 32 KW Kohler generators model 32EOZD, starboard serial number 2099661, port serial number 2099677. Waste systems and components appear good. General service seawater systems appear good.

Summary: Good

FUEL SYSTEM

There is 9,000 liter capacity in one fiberglass tank located forward of engine room in bilge. Fuel tank surfaces, where visible, appear good and the securing mechanism appears excellent. The fuel fill, vent, feed and return lines and components appear good.

Summary: Good – Excellent

ELECTRICAL SYSTEMS

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

Summary: Good – Excellent

SAFETY AND LIFE SAVING

Vessel has fifteen portable fire extinguishers. Vessel has a CO2 fixed fire suppression system with December 2010 tag. The safety components include: fourteen PFDs and one life ring; distress flares with expired certification; suitable first aid kit; two Navy type anchors with chain and line rode that appears good. Navigational and anchor lights appear good. Other safety equipment includes: fire axe, emergency fuel shutoffs, emergency battery relays, emergency engine room escape hatch, seawater fire system with two stations, two 8-person life rafts (being sent out for service), 406 MHz EPIRB with current battery.

Summary: Good

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Stainless steel rudders, 44 x 47 5-blade counter rotating propellers, trim tabs, transom lights, two 220 volt shore power cables on electric caddies, two transom doors, swim platform, water pressure inlet, Besenzoni hydraulic passerelle, transom shower, hydraulic transom hatch, ZF V-drives model 2555V, Racor fuel filters, internal sea strainers, two rolling stabilizers, 6 hp Yamaha 4-stroke outboard engine, personal water craft, air compressor, one spare propeller shaft, two transformers, bow thruster, five master volt inverters and battery chargers, Sea Recovery Aqua Whisper water maker, engine controls in machinery space forward of engine room, refrigeration system, electronic engine controls, Sony cell stereo air-conditioning system, remote controlled spotlight, main electrical distribution panel in machinery room includes two DC voltmeters, four DC ammeters and four AC multi-function meters, crew quarters includes two cabins, two heads and saloon, seven cameras with two monitors, crew galley/saloon includes, refrigerator, sink, stove and clothes washer and dryer (Miele), aft deck bench seat and table, two icemakers, foredeck sun pad, two Lofrans high line electric windlasses, two anchor hawes pipes, three windshield wipers, window covers, teak decks, fuel and water fill fittings on each side, Zodiac YL330DC rigid hulled inflatable with 40 hp Yamaha 4-stroke outboard engine, second Yamaha PWC, electric flybridge soft top, Besenzoni hydraulic davit, tender and PWC chocks, flybridge Jacuzzi, two satellite receivers, flybridge dinette, flybridge bar with refrigerator, flybridge electronics include Furuno Navnet radar/plotter/sounder, Navionics 11C Geonav plotter, Raymarine ST60+ compass, ST60+ tridata and ST6002 autopilot, Simrad RS92 VHF, flybridge engine instrumentation includes two tachometers and two temperature, rudder angle indicator, Loewe TV on an elevator (saloon), saloon beverage refrigerator, Bose life style stereo, Humax personal video recorder, Sony CD/DVD DUP-NS36, satellite antenna controller, dining table, saloon window blinds, two wing doors, external and internal steps to flybridge, Bosch 4-burner electric stove, GE Monogram range, GE Profile refrigerator/freezer, Jura espresso maker, double galley sinks, garbage disposal, Urania compass, pilothouse helm instrumentation includes two Masters video monitors, Naviop computer monitor, Thrane & Thrane satellite telephone, Furuno Navnet controller, Raymarine ST7002 autopilot, Geonav controller, smaller Masters display, Simrad RS82 VHF, Raymarine ST60+ tridata, pilothouse engine instrumentation is two MTU digital instruments, pilothouse helm chair, printer, laptops, day head, master stateroom includes Loewe TV, DVR & Bose stereo, Turkish evil eye good luck charm, settee, master head includes two heads, shower and two sinks, one plastic gray water tank, one plastic black water tank, four plastic water tanks, forward freezer, two water heaters, port and starboard guest cabin includes two berths and ensuite head, TVs in cabins, VIP cabin forward includes centerline island berth, ensuite head and two seating areas

SUMMARY

The vessel is a fiberglass flybridge, cockpit motor yacht equipped with two diesel engines and two diesel generators. The ownership history was not obtained. The vessel was inspected while hauled. We interfaced with the captain, engineer and a crew member; however communication was limited by a language barrier. The vessel is basically structurally sound. The vessel is actively and well maintained. The vessel is well suited for its intended purpose as a cruising motor yacht.

Overall Summary: Good – Excellent

VALUES

ACTUAL CASH VALUE – $5,000,000

NEW REPLACEMENT VALUE – $8,000,000

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 current distress signal flares.
2. Maintain fixed and portable fire extinguishers to the appropriate standard.
3. Repair the fiberglass damage on the port hull bottom outboard of the strut.

NOTES

1. The life rafts have been removed from the vessel and are being sent out for service. Reinstall life rafts after service.
2. Two forward engine room lights were inoperative, bulbs were installed to prove the fixtures function during the survey. Provide and install functional bulbs.
3. Service as a result of surface corrosion on both generators. The starboard generator’s water pump is currently removed for service. Reinstall the water pump following service.
4. The covers are currently removed from both satellite receivers, complete any ongoing service and return the covers.
5. There is a cracked mirror in the master head, replace as appropriate.
6. The satellite telephone is reportedly not in service.
7. The anti-fouling paint is thin, the hull bottom will be repainted during this haul out.

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.

________________________________ June 16th 2011
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301