C & V SURVEY
Condition & Valuation
| Client: Removed for privacy | Date of report: May 26, 2021 |
| Our file #: 21 – 20090web |
| Location: Marina Village Marina
Mission Bay |
Date of inspection: May 24, 2021 |
Scope of Services
The vessel was examined by the surveyor and/or surveyor’s agents from all accessible areas of the interior without removal of secured panels, destructive testing or disassembly. The hull bottom laminate, plating and/or planking was examined by percussion sounding and visual inspection only. No moisture content readings were taken, and no destructive testing was performed. The surveyor may have used a moisture meter if/when they deemed it useful or if specifically requested by client. Exterior hardware was visually examined for damage and drive components were tested by sight only. The inspection of engines, generators, machinery and related mechanical systems is not within the scope of this survey. Only a brief cursory inspection of the machinery was conducted, and no opinion of their overall condition was formed. Client shall retain the services of a qualified mechanic, engine surveyor or other expert to inspect such engine, generators, machinery and related mechanical systems. Tankage was inspected from visible surfaces only and no opinion was rendered as to their overall condition. On sailing vessels, the rig was not inspected aloft, nor were sails inspected unless they were visible during a sea trial. Client shall retain the services of a qualified rig surveyor or other expert to inspect sails, rigging and equipment. The electrical system was visually inspected where accessible, and electronic and electrical components powered only with permission of or in the presence of the vessel’s owner or agent. No in-depth testing or examination of the electrical system or electric schematic was conducted. Specifications were taken from published sources, measurements if made, should be considered approximate. The recommendations are based on federal and state regulations, industry standards, and/or surveyor‘s own personal experience. The market value is based on research of available new/used comparable vessels, with consideration of geographic area where the vessel is located and reported sale prices where available. The surveyor will refer to and may reference CFRs, NFPA and ABYC recommendations (and/or other services) as the surveyor deems reasonable but not all regulations and recommendations will be applied nor should this report be relied upon as full compliance with the aforementioned entities. Every vessel inspection is different, and limitations may alter the scope of this survey, some limitations will be implied in the text of the report and some will be explicitly detailed. A Marine Survey Agreement which is reviewed and signed by the client details the terms governing this marine survey.
VESSEL DESCRIPTION
| Builder: Commercial Water Sports | Doc. #: Removed for privacy |
| Model/type: Parasail boat | Engine/MFG: Volvo Penta D6 – 330 |
| Year: 2005 | H.P. per: 243 @ 3500 rpm |
| Length: 31’ / 33’ | Serial numbers: A486273 |
| Draft: 2’ 6” (approximately) | |
| Beam: 10’ 5” | Type of instal. : Diesel, six cylinders, turbo |
| Name: Removed for privacy HIN: Removed for privacy |
charged, aftercooled, outdrive
Hailing port: San Diego, CA |
| HULL & STRUCTURE
|
| The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of molded fiberglass. Coring is balsa (deck only). Bulkheads are constructed of fiberglass (unknown core). Overall condition of the hull structure appears good. The vessel’s weight is 9,500 lb. (reported). Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and internally. Vessel’s external colors are light blue with white boot stripe. Below waterline through hull fittings appear satisfactory. The vessel is equipped with two Rule 2000 electric / automatic bilge pumps that appear satisfactory and the bilge is holding minimal water. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears good. |
| Summary: Good |
| MACHINE SYSTEMS |
| Engine’s external surfaces appear good and exhibit no rust, oil or coolant leaks. Engine hour meter exhibits 2587 hours. Motor mounts appear 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. Steering control system appears good. Outdrive components were not inspected. |
| Summary: Good |
| FUEL SYSTEM |
| There is 140 gallon capacity in two aluminum tanks located outboard of the engine. Fuel tank surfaces, where visible, appear good, and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory, condition and age of the hoses is beyond the scope of this survey. |
| Summary: Good |
|
ELECTRICAL SYSTEMS |
| Battery arrangement appears satisfactory. Batteries are equipped with a disconnect switch. DC wiring appears satisfactory. Circuit protection for the DC branch systems appears satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory. |
| Summary: Satisfactory – Good |
| SAFETY AND LIFE SAVING |
| Vessel has type B:C size I (7/25/20 tag) and type B:C size II (7/25/20 tag) portable fire extinguishers. Vessel has a Fireboy MA2 – 375 – FE24, tag date July 25. 2020 as the fixed fire suppression system. The vessel includes CO alarms. The safety components include: 19 type I (adult and child) PFDs and 1 throwable PFDs; distress flares with current certification; one anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory (starboard light is inoperative). Other safety equipment includes high water alarm, EPIRB (2030 battery). |
| Summary: Satisfactory – Good |
| DOCKING |
| The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory – good. Boarding hazards appear insignificant. Other security consists of locked dock gates. |
| Summary: Good |
ACCESSORIES |
| Swim platform, Racor fuel filter, Volvo DPH outdrive, PTO for winch direct system (parasail apparatus), oil placard, oil change pump, garbage placard, Ritchie compass, three Volvo Penta electronic engine instruments, fuel level gauge, hydraulic pressure gauge, Icom IC – M302 vhf, Lenco trim tabs, Clarion stereo, hydraulic tank, Guest Charge Pro 4 / 4 battery charger, tow guard |
|
SUMMARY
|
| The vessel is a composite fiberglass parasail boat. The vessel was built specifically for this purpose in Clermont, New Jersey. The client purchased the vessel new and stated that the engine was replaced in 2014 with a new transom assembly and outdrive. The client has been in this industry for three decades and exhibited an intimate familiarity with the vessel and its systems. The vessel was inspected while afloat and the engine was briefly test operated. The vessel is basically structurally sound and is well maintained. The vessel is suitable for its intended purpose as a passenger parasailing boat. The vessel has a current Certificate of Inspection for 12 passengers and 14 total people aboard on lakes, bays and sounds and limited coast wise. The certification expires 29 July 2025. |
| Overall Summary: Good |
Standard form key: We use subsection and overall ratings to summarize conditions found, based upon their appearance. Ratings include: Not examined, Not applicable, Faulty, Marginal, Satisfactory, Good, Excellent.
VALUES
| ACTUAL CASH VALUE | NEW REPLACEMENT VALUE | 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. 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. The most relevant data found while researching the value is included below. We primarily use market value analysis methodology for determination of value.
Explanation of value opinion: The value is primarily based on the asking prices from Custom Water Sports website below. The best comparable boats include a 2001 with a 2018 diesel engine asking $90,000, a 2008 diesel boat asking $99,000 and a 2015 boat with a 2017 diesel engine asking $145,000. This vessel is in exceptionally good condition and is located in Southern California.
| Length ft | Boat | Year | Sold Date | Sold Price | Listed Price | Boat Location |
| 31 | OCEAN PRO PARASAIL 31 | 2000 | 11-Jun-15 | 67,500 | 79,900 | FL, USA |
| 31 | Ocean Pro 31 Parasail | 2000 | 28-May-15 | 67,500 | 79,900 | Ponce Inlet, FL, USA |
| 28 | Premium Parasail – Ready for Business | 1994 | 21-Aug-13 | 40,000 | 49,000 | Beaufort, NC, USA |
| 28 | Premium Parasail/Kayak Tour Boat | 1993 | 1-May-13 | 20,000 | 25,000 | Beaufort, NC, USA |
| 30 | Premium Parasail | 1998 | 27-Aug-11 | 42,000 | 47,500 | Dania Beach, FL, USA |
| 27 | Skyrider 27 Parasail Winch Boat | 1991 | 29-Sep-08 | 42,248 | 28,301 | United Kingdom |
| 32 | Commerical Watersports Ocean Pro 32 | 2000 | 31-Jan-08 | 26,000 | 55,000 | Santa Barbara, CA, USA |
2001 Commercial Water Sports Ocean Pro 31 $90,000 2018 Volvo Penta D6-330 Ryan Frazee 8505293382 ryanf@premierisland.com
2002 CWS Ocean Pro 31
12 passenger,Current COI
Includes trailer
8.2L Mercruiser Mag 70 Hrs
Bravo II 70 Hrs
Asking $87,000.00
Contact,
Darrel Lombardi
727-218-3337
nerdles1@gmail.com
2008 CWS Ocean Pro 31
USCG Inspected 12 passengers
Volvo Penta D6
Custom telescoping stainless T-Bar (boat is able to drive under low bridges and
also allows for easy 180 retrievals when flying in higher wind)
COI/Drydock are current
Spare Volvo DPH Drive included
$129k $99k
Contact Tyler 410-251-6792 paradiseparasailing@gmail.com
2002 Premium
The boat is in very good condition and is currently in service until September 2020. It has a 496HO installed in spring 2017 with 862 Hours on it. It runs excellent and will demo for any potential buyers. New clutch installed July 2020 .
All service records on hand maintained by VansOdel Marine. Comes with trailer . 55,000.00 OBO
Contact Captain Dupuy at 985-726-0637
2015 Ocean Pro 31′
12 passenger COI
2017 Volvo D6 330, 2300 hrs
New oem seats
Fresh Vivid white bottom job.
Current COI and Hull.
Super clean and well maintained boat.
145k obo
Located in Pensacola Fl
Call or text Patrick 850-418-0536
2005 Simplicity & 1998 Premium
2005 simplicity with about 2500 hrs new after cooler it’s been a back up boat for the last four years 95,000 with a triple axle trailer and
1998 Premium 10 pack boat just had the annual inspection done in October
has a 370 and more motor in it with about 500 hours on it with the Conrad out drive comes with a triple axle trailer
$60k
call David at 757 714-6634
Surfrider Parasail International 30
Kralendijk, Netherlands Antilles
1996 31 Ocean Pro
This is a 1996 Ocean pro with a 2016 Volvo Penta d6330 engine. It has 3000 hours on the engine. It has been meticulously maintenance. Has a new break and motor on the winch system. The inside deck was coated with Line-X bedliner. Great boat that is ready to make money.$60000…trailer not included. We do have a few trail2000 31 Ocean Pro
RUNS GREAT!
Highly sought after straight shaft.
Current Coast Guard COI
Installed new, now with low hours, 2015 Yanmar 6LY used exclusively as a back up boat.
Boat only $55,000, Boat with Trailer $60,000
Also 2 spare Yanmar 6LY engines, $10,000 each
Located in Honolulu, Hawaii email Mark at:
markparasail@yahoo.com
ers to sell
Contact Mark at 843-296-3836
This survey is for the express purpose of insurance and/or 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
- Service and prove the forward bilge pump functional in the automatic mode, it did not energize with its float switch. The client stated the float switch was replaced on 5/26/21.
- Service and prove the starboard navigation light functional, it did not illuminate. The client stated the navigational light was replaced on 5/26/21 and sent a photo.
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. 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.
I/we certify that, to the best of my/our knowledge and belief:
The statements of fact contained in this report are true and correct. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my/our personal, unbiased professional analyses, opinions, and conclusions. I/we have no present or prospective interest in the vessel that is the subject of this report, and I/we have no personal interest or bias with respect to the parties involved. My/our compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event. I/we have made a personal inspection of the vessel that is the subject of this report. This report should be considered as an entire document. No single section is meant to be used except as part of the whole. This report is submitted without prejudice and for the benefit of whom it may concern. This report does not constitute a warranty, either expressed, or implied, nor does it warrant the future condition of the vessel. It is a statement of the condition of the vessel at the time of survey only. The submitting of this report creates no liability on the part of Christian & Company or the individual surveyor. This survey report is not intended for use as a “buyer’s survey”.
Christian & Company, Marine Surveyors, Inc.
By: Mr. Kells Christian, Surveyor SAMS – AMS #301