C & V SURVEY
Condition & Valuation
Client: Removed for privacy Date of report: September 14, 2012
Our File #: 12-27682
Location: Removed for privacy Date of inspection: September 12, 2012
Model/type: Daytona 25
Year: 2000 (model)
Engine/MFG: Mercruiser HP500
H.P. per: 400 (approx.)
* Type of instal.: Gasoline, 8 cylinders
* Inboard, outboard
Reg. #: Removed for privacy
* Serial numbers: Removed for privacy
HIN: Removed for privacy
Hailing port: N/A
* Eliminators Boats specifications
HULL & STRUCTURE
The vessel was inspected while on its 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 molded fiberglass with unknown core. Overall condition of the hull structure appears good. The vessel’s weight is 4000 LBS (approximate). Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and good internally. Vessel’s external colors are white and red topsides, red/blue/gray checkered graphics. Below waterline through hull fittings appear none. The vessel is equipped with one electric bilge pump that appears satisfactory and the bilge is clean and dry. The ventilation system consists of one blower and natural ventilation and appears satisfactory. General housekeeping appears good. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.
Engine external surfaces appear good and exhibit no leaks. Engine hour meters exhibit 244 hours. Motor mounts appear good. Cooling systems appear good. Fuel system and components appear good. Exhaust systems and components appear good. Electrical system and components appear good. Engine control system appears good and outdrive appears good. Steering control system appears good. Propulsion components appear good.
There is 70 gallon capacity in two tanks located outboard port and starboard. Fuel tank surfaces were not accessible and the securing mechanism was not seen. The fuel fill, vent and feed components were not visible. Fuel fill to tank bonding were not visible. Fuel shut off valves are located aft of engine to starboard and appear satisfactory.
There is no AC system aboard. Battery arrangement appears satisfactory. Batteries are equipped with a disconnect switch. DC wiring appears good. Circuit protection for the DC branch system appears satisfactory. Wire terminations and connections appear good. Wire organization and arrangement appears good.
SAFETY AND LIFE SAVING
Vessel has one portable fire extinguisher with expired certification. Vessel has no fixed fire suppression system. The safety components include: five type II PFDs, four type III and one throwable PFD; no distress flares were seen aboard; two anchors with suitable chain and line and appears satisfactory. Navigational and anchor lights appear properly arranged, installed and functional.
The vessel was inspected at its normal slip location. The vessel is currently stored in the client’s residence garage.
Accessories include: Eliminator instruments: tachometer, mph, volt oil, oil temperature, engine temperature, fuel level, JVC KD-SH77 stereo, Humminbird depth sounder, outdrive indicator, Igloo cooler, four red anodized mooring cleats, red anodized ski rope eye, two red anodized grab rails, two stainless steel grab rails, interior carpet, interior upholstery, two fiberglass swim steps, stainless steel 3-blade propeller 48-83191426P
Extreme Custom Trailers: Steel tandem axle trailer with VIN (removed for privacy)
The vessel is a production built fiberglass high performance tunnel hull power vessel equipped with a gasoline inboard outboard engine. The vessel was built in 1999 (2000 model year) by Eliminator Boats in Mira Loma, California. The vessel was inspected while on it trailer. The vessel was not test operated or sea trialed during this inspection. The vessel is in as built structural condition and in good cosmetic and mechanical condition. The vessel is suitable for its intended use a protected water sport power boat.
Overall Summary: Good
ACTUAL CASH VALUE – $45,000
NEW REPLACEMENT VALUE – $150,000
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.
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.
1. The vessel has no firefighting equipment. Provide adequate current firefighting equipment as recommended by the NFPA and required by federal regulations.
2. No visual distress signal flares were seen on the vessel. Provide current distress signal flares as required by federal regulations.
1. The trailer was visually inspected only. Please consult with a qualified trailer technician as to the mechanical condition of the trailer and related components.
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.
________________________________ September 17, 2012
By: Mr. Michael Herlihy, Surveyor Date
S.A.M.S. – Associate