C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: February 10th 2011
Our File #: 11-27115
Date of inspection: February 9th 2011
Model/type: 3500 Express
(model) 1997 (build)
Hailing Port: “RP”
Doc. #: “RP”
Engine/MFG: Two Crusaders
Type of instal. : Gasoline, 8-cylinders,
Freshwater cooled, V-drives
H.P. per: 380 *
Serial numbers: P – not accessed S – 102580
Length: 35’ 8” *
Draft: 2’ 10” *
Beam: 13’ 9” *
BUC – Used boat price guide
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck 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 with no fractures or delamination of fiberglass tabbings sighted. The vessel’s weight is *18,600 lbs. Exterior rails and hardware appear good. Cosmetic condition of vessel appears good externally and good – excellent internally. Vessel’s external colors are off white with black and gold boot and accent stripes. Below waterline through hull fittings appear good with no significant corrosion. The vessel is equipped with no manual and two electric/automatic bilge pumps that appear good and the bilge is holding minimal standing water. The ventilation system consists of two blowers and natural ventilation and appears satisfactory but various areas of the ventilation hoses are collapsed. General housekeeping appears excellent. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.
Engines’ external surfaces appear excellent and exhibit no significant corrosion. Engine hour meters exhibit P – 704, S – 700 hours. Motor mounts appear excellent but have some surface rust. Cooling systems appear good – excellent but cooling service hoses have potential for chafe damage where they rest against the starboard engine’s fuel filter mount and port engine’s exhaust manifold. Fuel systems and components appear excellent. Exhaust systems and components appear good except there is corrosion and a minor leak on the port engine’s inboard exhaust riser. The age of the risers is unknown. Electrical system and components appear excellent. Engine control systems appear excellent and shaft log appears good (dripless type). Steering control system appears good – excellent and rudder ports appear good – excellent. Propulsion components were not inspected externally. Waste system and components appear good. General service seawater systems appear good.
Summary: Good – Excellent
There is a 352-gallon capacity in two aluminum tanks located outboard of engines. Fuel tank surfaces, where visible, appear good and the securing mechanism appears excellent. The fuel fill, vent, feed and return lines and components appear good. Fuel fill to tank bonding appears good. Fuel shutoff valves are located at the tanks and appear good.
The AC shore cord, inlet and connections appear good with no significant corrosion or noticeable heat damage. The AC wiring and outlets appear good – excellent and are equipped with G.F.C.I. protection. The AC main feeds are protected with circuit breakers. Battery arrangement appears satisfactory. Batteries are equipped with disconnect switches. DC wiring appears good – excellent. Circuit protection for the AC and DC branch system appears excellent. Wire terminations and connections appear good. Wire organization and arrangement appears good – excellent.
Summary: Good – Excellent
SAFETY AND LIFE SAVING
Vessel has one portable fire extinguisher with expired certification. Vessel has one fixed fire suppression system with expired certification. The safety components include: twelve PFDs and one throwable PFD; distress flares with current certification; one life raft with expired certification; one anchor with chain that appears satisfactory. Navigational and anchor lights are properly arranged and installed but the stern and steaming lights are not working. Other safety equipment includes: carbon monoxide alarm, windshield wipers and a 406 EPIRB.
The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear insignificant. The vessel is docked at a gated marina.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: GE turntable microwave, Black & Decker Spacemaker coffeemaker, Toastmaster toaster oven, single basin stainless steel sink, Norcold DE-541 refrigerator, 2-burner electric range, G.E. 14” (approx.) TV with built-in VHS, Clarion M5170 stereo, Clarion M635 CD changer, Clarion APA4160 power amp, AC/DC volt/amp meters, Heart Freedom inverter/battery monitor, Quicksilver galvanic isolators, hydraulic hatch lift, Atwood 6-gallon water heater, C-Charles 40 amp charger, Maxwell 800 windlass, bimini top, canvas cockpit cover, BBQ, Freedom 25 inverter, cockpit shower nozzle, large fiberglass swim platform, Raytheon SL70 radar, Raytheon Ray 220 VHF/loud hailer, Ritchie compass, Raytheon L755 fishfinder/GPS, Raytheon 620 GPS/chart plotter
The vessel is a fiberglass production express cruiser equipped with twin inboard gasoline engines. The client reportedly purchased the vessel new and has significant upgrades but did have the starboard engine rebuilt approximately two years ago. The vessel is actively maintained both cosmetically and mechanically, is structurally and mechanically sound and suitable for its intended purpose as a near coastal pleasure craft.
Overall Summary: Good – Excellent
ACTUAL CASH VALUE – $135,000 approx.
NEW REPLACEMENT VALUE – $375,000 approx.
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. Replace the starboard engine’s outboard exhaust hose to riser due to deterioration.
2. Due to corrosion spots and minor leaking on the port engine’s inboard exhaust riser; separate the riser from the manifold, inspect internally for corrosion and in the event of substantial corrosion inspect all risers replacing if/as required.
3. Provide chafe protection for the engines cooling hoses where they rest against the fuel filter mounts and exhaust manifolds.
4. Repair or replace the engine compartment ventilation hoses in various areas where they are collapsed.
5. Service the anchor and steaming navigation lights to be working.
6. Have the portable and automatic fire extinguishers inspected, serviced and tagged as recommended by N.F.P.A.
1. Consider having the life raft certified to better assure it is functional if needed.
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.
________________________________ February 14th 2011
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941