|Client: Removed for Privacy||Date of Report: June 3, 2021|
|Location: Removed for Privacy||Our file #: 21 – 20015|
|Builder: Duffy||Doc. #: Removed for privacy|
|Model/type: 35 High Sheer* / lobster boat||Engine/MFG: Cummins QSB6.7355D1|
|Year: 1993||H.P. per: 355 @ 2800rpm|
|Length: 35′ 3″||Serial numbers: 74178407|
|Draft: 3’*||Type of instal: Diesel, six-cylinder turbocharged, after cooled|
|Beam: 12′ 3″||Generator: None|
|Name: Removed for privacy||Hailing port: Removed for privacy|
|HIN – Removed for privacy|
*Reported by owner
** US Certificate of Documentation
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. Coring is unknown. Bulkheads are constructed of fiberglass over plywood. Overall condition of the hull structure appears good. The vessel’s weight is unknown. Exterior rails and hardware appear satisfactory. Cosmetic condition of vessel appears good externally and satisfactory internally. Vessel’s external colors are white gelcoat. Below waterline through hull fittings appear satisfactory. The engine’s seawater intake through hull valve is seized open. The vessel is equipped with two submersible electric / automatic bilge pumps that appear satisfactory and the bilge is wet and dirty. The ventilation system consists of natural ventilation and appears satisfactory – good. General housekeeping appears satisfactory.|
Summary: Satisfactory – Good
|Engine’s external surfaces appear satisfactory – good and exhibit minor rust. Engine’s hour meter exhibits 4275.4 hours. Motor mounts appear satisfactory – good. 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 – good, and the shaft log appears satisfactory – good. Steering control system appears satisfactory and the rudder port appears satisfactory. Propulsion components were not seen. General service seawater systems appear satisfactory – good.|
Summary: Satisfactory – Good
|There is 200 gallon total capacity * in two fiberglass tanks located on either side of the cockpit below the deck. Fuel tank surfaces, where visible, appear satisfactory, and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory. The fuel hoses are not labeled “USCG type” and no dates were seen. Fuel shut off valves are located to starboard below the helm sole on a manifold and appear good.|
Summary: Satisfactory – Good
|Battery arrangement appears satisfactory. Batteries are equipped with disconnect switches. DC wiring appears satisfactory. Circuit protection for the DC branch system appears satisfactory – good. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory. There is no MMSI number or GPS information in either vhf. There is a smaller wire below a larger wire on a terminal on the forward battery.|
Summary: Satisfactory – Good
SAFETY AND LIFE SAVING
|Vessel has two type A size II, type B:C size I (2017) portable fire extinguishers. Vessel has no fixed fire suppression system. The safety components include: one adult type II PFD and one throwable PFD; distress flares with current certification; Viking 4Dkt life raft with current certification; suitable first aid kit; one Lewmar 33 lb. claw anchor with chain and line rode that appears good. Navigational and anchor lights appear satisfactory. The vessel includes no CO alarm or smoke alarm. Vessel has oil placard and waste placards. Other safety equipment includes: highwater alarm, EPIRB with registration date 7/20/2021 and battery expiration date 05/2023.|
|The vessel was inspected at its normal slip location. Lines condition and arrangement appears excellent. Boarding hazards appear insignificant.|
|PYI dripless propeller shaft seal, oil placard, garbage placard, hydraulic trap puller, Standard Horizon Explorer vhf, West Marine vhf 600DSC vhf, Furuno 1622 radar, Ritchie compass, hydraulic trap puller, Simrad G09 XSE multifunction device with GPS / sounder, West Marine speakers, Dual MSD337BT Bluetooth stereo, Garmin GPS Map 4208 plotter, helm chair, MasterVolt 12/ 40-3 battery charger, internal sea strainer, electrical distribution panel includes main and branch DC circuit breaks, PTO, Racor fuel filter, four floodlights, foredeck floodlights, aluminum radar mast, Furuno radar antenna, Twin Disc transmission model MG5075|
|The vessel is a molded fiberglass commercial lobster boat equipped with a single diesel engine. The client reported that he purchased the vessel in February of 2021 in San Diego, CA. He reported the engine and transmission were replaced 3.5 years ago. He reported the bottom paint is a few years old and they are planning to paint the bottom of the vessel when it is hauled. The vessel was inspected while afloat. The engine was started and touched into gear in the slip only and no sea trial was performed. The vessel is basically structurally sound and upon completion of the recommendations should be suitable for its intended purpose as a near coastal fishing vessel.|
Overall Summary: Satisfactory – 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.
ACTUAL CASH VALUE
NEW REPLACEMENT VALUE
|Removed for privacy||
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 average historical sale price of similar vessels on Soldboats.com is $128,333 and the average current listing price on BoatTrader.com and midcoastyacht.com is $126,180. The vessel is in average condition for its age and has a relatively new engine and transmission. We did not include the Stanley Downeast vessels in our average as they skew the average much higher.
|Length in ft||Boat||Year||Sold Date||Sold Price||Listed Price||Boat Location|
|36||Stanley Downeast||1996||15-Feb-21||255,000||260,000||South Freeport, ME, USA|
|36||Little Harbor WhisperJet 36||1997||9-Jan-21||49,000||99,000||Rockland, ME, USA|
|34||Sabre Sabreline 34 Flybridge||1997||3-Nov-20||130,000||138,000||MA, USA|
|36||Hinckley Picnic Boat Classic||1997||28-Oct-20||125,000||174,900||Stuart, FL, USA|
|36||Hinckley 36||1997||25-Oct-20||125,000||150,000||Stuart, FL, USA|
|36||Stanley 36||1997||13-Oct-20||410,000||450,000||Mount Desert, ME, USA|
|36||Hinckley Picnic Boat||1995||21-Sep-20||139,000||159,000||Annapolis, MD, USA|
|36||Little Harbor 36 Custom Express||1996||13-Sep-20||150,000||155,000||Greenport, NY, USA|
|36||Flye Point 36 BHM||1994||11-Sep-20||180,000||199,500||Ventura, CA, USA|
|36||Little Harbor Express 36||1996||11-Sep-20||150,000||155,000||USA|
|35||Duffy Downeast||1997||8-Sep-20||120,000||139,000||Jacksonville, FL, USA|
|36||Shannon Voyager 36||1994||7-Sep-20||130,000||140,000||Marblehead, MA, USA|
|36||Atlantic BHM 36 Downeast Softtop Cruiser||1996||28-Jul-20||165,000||184,500||Sedgwick, ME, USA|
|35||Custom John’s Bay Boat Company 35 Lobster Yacht||1996||24-Jun-20||77,000||89,900||Harrison Township, MI, USA|
|35||Duffy 35 Downeast||1996||24-Jun-20||99,000||104,777||Freeport, NY, USA|
|36||Grand Banks Heritage 36 Europa||1997||3-Apr-20||190,000||205,000||Essex, CT, USA|
1986 Duffy 35
34′ Wayne Beal Lobster Boat 1994 – Scania 450 HP
35′ Young Brothers Lobster Boat 1994 – NEW FPT 500 HP
35′ Bruno Stillman Lobster Boat 1997 – John Deere 225 HP
1990 Duffy Downeast
This survey is for the express purpose of insurance. It is not meant as a buyer’s survey.
|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.|
- Maintain the fire extinguishers per NFPA recommendations. Extinguishers should be inspected and tagged annually and inspected by a qualified technician or replaced every six years.
- The current documentation is not aboard. Bring it aboard.
- There is no MMSI number in either vhf devices, and no GPS information is displayed. Enter the GPS and MMSI information to allow the distress mode to function properly.
- There is a smaller wire below a larger wire on a terminal on the forward battery. Organize the wire so the smaller wire is on top per ABYC recommendations.
- The fuel hoses are not labeled USCG type and no dates were seen. The previous survey lists the fuel hoses as being new 3.5 year ago, however, these hose are not labeled as USCG type. Either replace the hoses or assure they are suitable for continued use.
- The flexible hose for water discharge on the engine exhaust has rub damage on top. Determine the significance of the rub damage and either replace the hose and install a way to prevent future damage or monitor and replace as necessary.
- The vessel is currently being worked on and the nonskid has been removed from the aft deck. The client reported that they will be applying new nonskid in the immediate future. Apply the nonskid.
- We could not move the engine seawater through hull valve. Service or replace the valve and prove it properly functional.
- The vessel was inspected while afloat and with its port side to the dock. The below water propulsion components were not inspected and the starboard side was not inspected. Inspect these areas and components and address any deficiencies that may be found.
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 Manthei, SAMS SA
Reviewed by: Mr. Kells Christian, Surveyor SAMS – AMS #301