C & V SURVEY
Condition & Valuation
| Client: Removed for privacy | Date of report: August 9, 2022 |
| Current owner: Removed for privacy | Our file #: 22 – 20478web |
| Location: Driscoll Boatyard Mission Bay, | Date of inspection: June 28, 2021 |
| San Diego, CA |
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: C&C Yachts Ltd | Doc. #: Removed for privacy * |
| Model/type: 35 MK III / cutter | Engine/MFG: One Yanmar 36M30F |
| Year: 1987 | H.P. per: 24 @ 3400 |
| Length: 35’ 6” | Serial numbers: 04727 |
| Draft: 4’ 5” | |
| Beam: 11’ 2” | Type of instal. : Diesel, three cylinders, |
| Name: Removed for privacy | freshwater cooled |
| HIN: Removed for privacy **
* Temporary travel letter ** California Certificate of Number |
Generator: None
Hailing Port: San Diego, CA * |
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HULL & STRUCTURE |
| The vessel was inspected while hauled. 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 satisfactory. The vessel’s weight is unknown (travel lift’s scale inoperative). Exterior rails and hardware appear satisfactory. Mast, mast step, standing rigging and chain plates, where visible, appear satisfactory – good. Cosmetic condition of vessel appears good externally and satisfactory – good internally. Vessel’s external colors are white paint with a blue cove stripe and blue boot stripe. Below waterline through hull fittings appear satisfactory. The vessel is equipped with one manual bilge pump and one Rule 500 submersible / automatic bilge pump that appear satisfactory and the bilge is holding minimal water. The ventilation system consists of one blower and natural ventilation and appears satisfactory. General housekeeping appears satisfactory. |
| Summary: Satisfactory – Good |
| MACHINE SYSTEMS |
| Engine’s external surfaces appear satisfactory and exhibit no rust, oil or coolant leaks. Engine’s hour meter exhibits 828.7 hours. Motor mounts appear satisfactory. 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, and shaft log appears satisfactory. Steering control system appears satisfactory and rudder port appears satisfactory. Propulsion components appear satisfactory. Waste system and components appear satisfactory. General service seawater systems appear satisfactory. |
| Summary: Satisfactory |
| FUEL SYSTEM |
| There is 20 gallon capacity in one aluminum tank located aft of the engine. 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. Fuel shut off valves are located on the tank and appear satisfactory. |
| Summary: Satisfactory |
| ELECTRICAL SYSTEMS |
| The AC shore inlet and connections appear satisfactory. The AC wiring and outlets appear satisfactory. The AC main feed is protected with circuit breakers. Battery arrangement appears good. Batteries are equipped with a disconnect switches. DC wiring appears satisfactory – good. Circuit protection for the AC and DC branch system appears satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory. |
| Summary: Satisfactory – Good |
| SAFETY AND LIFE SAVING |
| Vessel has two type B : C size I portable fire extinguishers located (inspected 5/29/2020) at the quarterberth and in the forward cabin and one type A size II, and type B : C size I (inspected 5/27/2020). Vessel has no fixed fire suppression system. The vessel includes one CO alarm (no batteries). The safety components include: two inflatable type PFDs and one throwable PFD; distress flares with current (12/2022) certification; one Viking life raft with no certification; suitable first aid kit; Fortress FX-23 stern anchor and one 33 lb. Lewmar claw primary anchor with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory. Vessel has and oil placard, waste placard. Other safety equipment includes: MOB pole, radar reflector, throw line, emergency tiller handle, canister air horn. |
| Summary: Satisfactory |
| LP GAS SYSTEM |
| Vessel is equipped with LP gas, which fuels the galley. Tanks’ external appearance is satisfactory and they are properly secured. Ventilation appears satisfactory. Tank valve was opened and an odor was not noticed. Feed line is equipped with a reducing regulator, pressure gauge, electric shut off solenoid and feed lines appear satisfactory. |
| Summary: Satisfactory |
| STORAGE |
| The vessel was inspected at its temporary storage location. Boarding hazards appear insignificant. |
| Summary: Satisfactory |
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ACCESSORIES |
| Furuno radar antenna, stack – pack, lazy jacks, spinnaker pole, roller furling head sale assembly, Hydrovane wind vane, boom vang, bimini top, dodger, two Rich Solar RS – M200 solar panels, 30A 125V shore power cord, Pelagic auto pilot, Garmin GPSMAPXSN multifunction device with plotter / sounder, Standard Horizon Ram 3 VHF, engine instruments include thermometer, warning lights and hour meter, fuel level gauge, Yamaha 8MSHF 8LP two – stroke gasoline outboard engine with serial number 6NO S 1023052U, Xantrex True Charge 2 battery charger, winches include two Barient 28t, two Barient 27 and hour Barient 28 ST (all self-tailing), Magma LP BBQ grill, Achilles RIB tender with HIN ACH00101D111, Lewmar V2 two direction electric windlass, LG LG335N1K – V5 solar panel, Galaxy compass, garbage placard, galley includes two basin sink with foot pedals, refrigerator and Hillerange three burner LP range, quarterberth, internal sea strainers, two Victron MPPT 75 /15 solar charge controllers, one Victron MPPT 100 / 30 solar charge controller, Standard Horizon Eclipse VHF, Standard Horizon Matrix GX2150 VHF, electrical distribution panel includes a main AC circuit breaker and branch AC and DC circuit breakers, AC main circuit breaker, Iridium satellite communication system, dinette, plastic freshwater tank, stainless steel waste holding tank, two spear guns, miscellaneous fishing gear, forward cabin includes V – berth, boarding ladder, head includes sink and manual head, Victron energy 12/ 12 – 30 DC – DC charger, Renegy 3000W inverter, Kanzaki transmission model KM3P, ratio 2.63, serial number 12777, B&G Network DEPTH, B&G Network SPEED, B7G Network WIND |
| SUMMARY |
| The vessel is a production fiberglass cutter-rigged sailboat equipped with a single diesel engine. The client reported that he purchased the vessel in May 2020 in Honolulu, HI. He reported that the engine is original. He reported that the standing rigging was replaced in 2019 and the mast was pulled at that time. He reported that he has upgraded the batteries with lithium ion batteries and that the solar charge system was upgraded to accommodate the new batteries. He reported that the portlights were replaced in 2019. He disclosed that while underway from Hawaii to California in 2020, the engine died and was assisted by TowBoat US, and that the assisting vessel struck the port corner of the transom causing damage. He reported that Marine Group Boatworks Chula Vista performed the repairs and applied Awlgrip paint on the hull sides. The vessel was inspected while afloat. The engine was not test operated 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 cruising and sailing vessel. |
| Overall Summary: Satisfactory |
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 |
| 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 value is based on the Soldboats.com reported sales prices and Yachtworld.com current listing prices below. The vessel that sold in May 2020 for $45,000 in Honolulu, HI is the surveyed vessel. There was limited data for vessels listed and sold on the West Coast so our research was expanded. Vessels that sell on the West Coast typically hold a different value than those on the East Coast. The best comparable vessel is the surveyed vessel which is included in the Soldboats.com data. The values of vessels have continued to increase due to the Covid-19 induced demand; the future of the value spike is unknown.
| Length ft | Boat | Year | Sold Date | Sold Price | Listed Price | Boat Location |
| 35 | C&C Mark III | 1989 | 9-Jun-22 | 40,361 | 46,493 | Vancouver, BC, Canada |
| 35 | C&C 35 MKIII | 1985 | 24-Feb-22 | 44,630 | 48,899 | Mississauga, ON, Canada |
| 35 | C&C 35 MKIII | 1988 | 12-Nov-21 | 26,002 | 27,166 | Toronto, ON, Canada |
| 35 | C&C 35 MKIII | 1987 | 8-May-21 | 18,000 | 24,500 | Saint Clair Shores, MI, USA |
| 35 | C&C 35 MK III | 1987 | 21-Jan-21 | 27,000 | 32,000 | USA |
| 35 | C&C 35 Mrk III | 1988 | 19-Oct-20 | 38,809 | 40,750 | North Saanich, BC, Canada |
| 35 | C&C 35 MK III | 1988 | 1-Sep-20 | 37,645 | 46,493 | Kingston, ON, Canada |
| 35 | C&C 35 MK III | 1988 | 29-Jun-20 | 31,000 | 34,900 | Buffalo, NY, USA |
| 35 | C&C MK III | 1985 | 18-Jun-20 | 15,000 | 16,000 | USA |
| 35 | C&C 35 MKIII | 1988 | 16-Jun-20 | 13,800 | 19,500 | East Hampton, NY, USA |
| 35 | C&C MK III | 1987 | 16-May-20 | 45,000 | 59,500 | Honolulu, HI, USA |
| 35 | C&C MKIII | 1985 | 12-May-20 | 30,000 | 37,999 | Mashpee, MA, USA |
C&C 35 MKIII
Marblehead, Massachusetts, United States
C&C 35
Kingston, Washington, United States
C&C MK III
Riverside, Connecticut, United States
C&C Sloop
North Kingstown, Rhode Island, United States
C&C 35 MkIII CB Sloop
This survey is for the express purpose of insurance and/or financing. It is not meant as a buyer’s survey.
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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
- 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. Extinguishers should be evenly spaced throughout the vessel for easy access in emergencies.
- Maintain the life raft per the manufacturer’s recommendations.
- Install batteries in the combination smoke / CO alarm and assure it is functional.
- The name and hailing port on the transom do not match the Travel Letter. Assure the name and hailing port on the transom match the Certificate of Documentation per federal regulations.
- The HIN on the transom is illegible. Address appropriately.
- We did not see the registration for the EPIRB. Assure the EPIRB’s registration is current and apply the registration sticker onto the EPIRB.
- There are open sections on the electrical distribution panel. Fill these sections to eliminate potential liabilities.
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SECONDARY
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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.
August 9, 2022
__________________________________ __________________
By: Mr. Kells Manthei, SAMS SA Date