C & V Survey
Condition and Valuation
| Client: Removed for privacy | Date of report: November 24, 2014 |
| Our File #: 14 – 28385 | |
| Location: Removed for privacy | Date of inspection: November 23, 2014 |
VESSEL DESCRIPTION
| Builder: Domn8er | Reg. #: Removed for privacy |
| Model/type: 23V | Engine/MFG: Mercruiser |
| Year: 2004 | Model: MCM MX 6.2MPI |
| Length: 23’ | Serial numbers: S – Removed for privacy |
| Draft: 2’ (approx.) | P – Removed for privacy |
| Beam: 7’ | Type of install.: Gasoline, inboard / |
| Name: “Removed for privacy” | outdrive, raw water cooled |
| HIN: Removed for privacy | Generator: N/A |
| Hailing Port: Removed for privacy |
HULL & STRUCTURE
The vessel was inspected while on a trailer. 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 plywood. Overall condition of the hull structure appears good. The vessel’s weight is unknown. Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are red, white and blue. The vessel is equipped with one electric bilge pump and the bilge is dry. The ventilation system consists of one blower and natural ventilation and appears satisfactory. General housekeeping appears good.
Summary: Good
MACHINE SYSTEMS
Engine’s external surfaces appear good – excellent and exhibit no rust, oil or coolant leaks. Engine hour meter exhibits 236 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 appear good.
Summary: Good
FUEL SYSTEM
There is seventy one gallon capacity in one aluminum tank located on centerline in the bilge. Fuel tank surfaces are not visible and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear good.
Summary: N/A
ELECTRICAL SYSTEMS
Battery arrangement appears satisfactory. Batteries are equipped with a disconnect switch. DC wiring appears satisfactory. Circuit protection for the DC branch system appears satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory.
Summary: Satisfactory
SAFETY AND LIFE SAVING
Vessel has one portable fire extinguisher Vessel has no fixed fire suppression system. The safety components include: numerous PFDs and one throwable PFD; navigational and anchor lights appear satisfactory.
Summary: Satisfactory
STORAGE
The vessel was not inspected at its normal storage location.
Summary: N/A
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Mercruiser Bravo One outdrive, four blade RH stainless steel propeller, two transom platforms, pop-up cleats, grab rails, two batteries, electric engine hatch lifts, Kenwood stereo system, rear beach seat, driver and passenger chairs, engine instrumentation includes tachometer with hour meter, oil pressure, water temperature and volts, drive trim indicator, fuel level, bimini top
Trailer: Competitive, manufactured 4-16-2014, GVWR 4,500 lb., VIN 13AC232054C773103, model 23-V, spare tire, folding trailer tongue, winch stand, jack stand, fenders, bearing buddies, dual axle, painted steel, bunks, lights, CA license tag 4FA8374
SUMMARY
The vessel is a production fiberglass bow rider equipped with a gasoline inboard / outdrive engine. The vessel was built in Lake Havasu City, Arizona. The client purchased the vessel approximately two years ago. The engine, outdrive, coatings and upholstery is original. The vessel is in good structural and cosmetic condition. The vessel was inspected on a trailer, the engine was not test operated and no sea trial was performed. The client reports that the engine and outdrive function normally. The vessel appears well suited for its intended purpose as a protected waters cruising vessel.
Overall Summary: Good
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
- Assure that all legally required and prudent safety components are aboard including anchor, skier down flag, flares and U.S. Coast Guard carriage items used in navigable waters, placards etc…
SECONDARY
- The vessel has minor “beaching damage” on the centerline forward. This is a cosmetic issue, address as desired.
- The outdrive’s skeg has minor chips, address as desired.
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.
_______________________ November 25, 2014
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301