C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: August 25th 2010
Our File #: 10-26963
Date of inspection: August 23rd 2010
Builder: Endeavour Catamaran
Model/type: Endeavour Cat
Hailing Port: “RP”
Doc. #: “RP”
Draft: 2’ 10”
Beam: 14’ 6”
30 Engine/MFG: Honda 50 4 stroke
H.P. per: 50 (approx.)
Serial number: BAZS-350007 (difficult to Read)
Type of instal. : Outboard engine mounted on transom, aluminum, hydraulic lifting
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of molded fiberglass and above deck structures are constructed of molded fiberglass. Bulkheads are constructed of plywood. Overall condition of the hull structure appears satisfactory as visible – vessel not hauled. The vessel’s weight is unknown. Exterior rails and hardware appear properly arranged and installed. Mast, mast step, standing rigging and chain plates, where visible, appear satisfactory and exhibit no significant rust or corrosion. Cosmetic condition of vessel appears satisfactory externally and satisfactory internally. Vessel’s external colors are white topsides, blue accent stripes, white decks and white pattern nonskid. Below waterline through hull fittings appear satisfactory. The vessel is equipped with one manual and two 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 satisfactory.
Engine external surfaces appear satisfactory and exhibit no significant rust, oil or coolant leaks. Motor mounts appear satisfactory although two minor cracks are visible to port and starboard on the engine mounting plate. Cooling system appears satisfactory. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory. Electrical system and components appear satisfactory. Engine control system appears satisfactory. Steering control system appears satisfactory. Rudder port was not accessible. Outboard components appear satisfactory. Waste system and components appear satisfactory.
There is 12-gallon capacity in two plastic portable tanks located in the lazarette locker in the cockpit. Fuel tank surfaces, where visible, appear good and the securing mechanism appears satisfactory. The fuel fill, vent, feed and return lines and components appear satisfactory. Fuel shutoff valves are located at tanks and appear satisfactory. A metal fuel tank (75 gallon capacity) was seen below the starboard aft stateroom bed. This tank is longer in use. The fuel feed line from this tank has capped off.
The AC shore cord, inlet and connections appear satisfactory. The AC wiring and outlets appear satisfactory. The AC main feed is protected with circuit breakers. Batteries were not seen. Batteries are equipped with a disconnect switch. DC wiring appears satisfactory as accessible. Circuit protection for the AC and DC branch system appears satisfactory. Wire terminations and connections appear satisfactory as visible. Wire organization and arrangement appears satisfactory as visible.
SAFETY AND LIFE SAVING
Vessel has four portable fire extinguishers with unknown certification. Vessel has no fixed fire suppression system. The safety components include: twelve PFDs and no throwable PFDs; distress flares were not seen; two anchors with chain and line and appears satisfactory. Navigational and anchor lights appear properly arranged, installed and functional. Other safety equipment includes an emergency tiller.
LP GAS SYSTEMS
Vessel is equipped with LP gas that fuels the galley range/oven. Tanks aluminum external appearances are satisfactory and they are properly secured. Ventilation appears satisfactory. Tank valves were opened and an odor was not noticed. Feed line is equipped with a reducing regulator and an electric shutoff solenoid and feed lines appear satisfactory. An electric shut off switch is visible inside the interior of the vessel, the actual solenoid was not seen on the tank feed line.
The vessel was inspected at its normal slip location. Line condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points were found locked. Other security consists of locked gates and marina personnel.
Accessories include: B & G instruments: 3000 GPS, Network depth, Network wind, Network speed, Autohelm ST4000 autopilot, B & G Network VHF, Ritchie binnacle compass, Honda tachometer, water level gauge, fuel level gauge, battery monitor system (Guest), DC volt and amp gauges, Toshiba TV DVD player, Timex clock radio/CD player, Jabsco manual head, water pressure system, Sony CD stereo, Purpower Survivor water maker, Hillerange oven/range, ship’s clock and barometer, miscellaneous galley equipment, stainless steel bow rails, five stainless steel stanchions port and starboard, stainless steel bow anchor roller, seven stainless steel mooring cleats, three stainless steel grab rails, Lewmar 700 electric anchor windlass, Flexible Furler roller furling system, Lewmar head sail traveler, canvas isinglass dodger/camper enclosure, stainless steel dinghy davit arch, two stainless steel swim ladders, transom shower, cockpit cushions, fiberglass folding cockpit table, six opening port lights, two plastic deck hatches, plastic helm chair, eight Antal line clutches, two Lewmar ST # 40 winches, miscellaneous dock lines, fenders etc…
The vessel is a production built fiberglass cruising catamaran sailboat equipped with an auxiliary gasoline outboard engine. The vessel was built in 1992 by Endeavour Catamaran. The vessel was inspected while afloat only. The vessel was not sea trialed during this inspection. The outboard engine was not test operated. The sailing systems were not load tested. No statements were taken in regard to any previous events in the vessels history such as collision, grounding, submersion, fire etc. Upon completion of the recommendations the vessel is suitable for its intended use as a near coastal cruising catamaran sailboat.
Overall Summary: Satisfactory
ACTUAL CASH VALUE – $50,000
NEW REPLACEMENT VALUE – $170,000
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.
1. Remove all electrical components (speakers, etc) from lazarette currently used as a portable fuel tank locker, so as to prevent any ignition source for the gasoline fuel stowed in this location.
2. The fire extinguishers seen have not been inspected and tagged in the past 12 months as recommended by the N.F.P.A. Provide currently inspected and tagged fire fighting equipment as recommended by N.F.P.A. and required by federal regulations.
3. Visual distress flares were not seen aboard. Provide current visual distress signal flares as required by federal regulations.
4. The mast mounted steaming light did not function. Prove all navigation lights functional.
5. Provide a throwable PFD as required by federal regulations.
6. An electric shut off solenoid was not visible at the tank. Provide an electric shut off solenoid if one is not currently installed.
1. Two small cracks are visible on the outboard starboard and port side of the engine mount assembly. Monitor and service if/as needed.
2. Consider the installation of a LPG pressure gauge and a LPG alarm/detector. Batteries were not accessed.
3. Rudder ports were not accessed.
4. The vessel is equipped with a 75-gallon metal fuel tank. It appears that this tank is no longer used. Remove/service the unused fuel tank as needed.
5. The hull bottom exhibits paint failure and moderate marine growth. Service the hull bottom as needed/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 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.
_______________________________ August 25th 2010
By: Mr. Michael Herlihy, Surveyor Date