C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: March 9th 2011
Our File #: 11-27151
Date of inspection: March 8th 2011
Reg. #: “RP”
Hailing Port: N/A
Draft: 14” approx.
Beam: 13’ 8”
Type of instal. : Outboard application
H.P. per: 150
* Serial number: OG351882
* Per previous survey
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is welded steel plate over steel frame. Fore and aft decks are welded steel plate over steel frame with interior deck construction framed with nailed plywood over wood frame. Above deck construction is fiberglass over plywood. Overall condition of the hull structure appears satisfactory. The vessel’s weight is unknown. Exterior rails and hardware appear good – excellent. Cosmetic condition of vessel appears good – excellent externally and good – excellent internally. Vessel’s external colors are white with dark blue, light blue and gold accent stripes. There were no below waterline through hulls sighted. The vessel is equipped with one electric/automatic bilge pump that appears satisfactory and the bilge is dry. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears excellent.
Outboard engine external surfaces appear good. Motor mounts appear good. Cooling system is not visible as it is internal of engine/drive. Fuel system and components appear good but the motor is not plumbed to a fuel tank as a tank has yet to be installed. Exhaust system and components are internal of the engine and not visible. Electrical system and components appear good but have yet to be wired to power supplies. Engine control system is not installed. Steering control system is not installed. Waste system and components appear good. Potable water systems appear good.
Summary: Pending Completion
The AC shore cord, inlet and connections appear good. The AC wiring is of solid core wire and is not recommended by A.B.Y.C. for marine use although, this vessel is intended for use as a dockside “houseboat” only and not for use on open waterways that typically subject a vessel to hull flexing/movement. The AC main feeds are protected with circuit breakers. The vessel’s 120 volt outlets are equipped with GFCI protection. The vessel is not equipped with batteries are has no DC systems.
SAFETY AND LIFE SAVING
Vessel has three portable fire extinguishers with expired certification. Vessel has no fixed fire suppression system. The vessel is equipped with four throwable PFDs and the client is reportedly purchasing six adult PFDs; there are no distress signal flares and no anchor. The vessel is not equipped with navigation lights or sound device. Other safety equipment include smoke alarms.
The vessel is equipped with LP that fuels the BBQ. Installation and securing of the propane bottle is satisfactory and condition of the fuel line is good. Ventilation for the propane system is marginal as there are no vents in the lower area of the storage compartment.
The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points are reportedly kept locked. Other security consists of a gated marina.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Samsung 32” (approx.) flat screen TV, Ikea/Whirlpool microwave, double basin stainless steel sink, Oster toaster oven, Ikea/Whirpool side by side refrigerator/freezer with drink dispenser, Marantz DV4001 DVD player, Crestron CNMSX-AV audio video processor, Panamax M5300-EX power conditioner, Marantz SR8001 stereo receiver, drinking water spigot filtration system, fiberglass sun deck bimini top, sun deck wet bar, Magma rail mounted BBQ, sun deck safety rail skirts
The vessel is a production houseboat constructed of welded steel plate over steel frame. The previous owner had reportedly purchased the vessel from Skipperliner after a complete refurbishment of the hull (replaced some hull plating) and fabrication of a new superstructure. The previous owner had completed the vessel’s interior including flooring and electrical systems. The vessel is equipped with an outboard engine that is pending completion of fuel, steering and electrical systems. The vessel is not equipped with DC systems and has no navigation equipment as the intended use was for live-a-board use only and not for use in the bay. The vessel’s hull structure appears in sound condition and the vessel suitable as a live-a-board vessel but restricted to the dock and is not equipped or suitable for open or protected waters use.
Overall Summary: Satisfactory – Good
ACTUAL CASH VALUE – $125,000
NEW REPLACEMENT VALUE – $300,000
INVESTMENT – approx. $125,000
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. Provide venting for the BBQ propane tank storage compartment.
2. If the engine is made to be operational, the vessel must be equipped with U.S.C.G. required navigational lights and safety equipment.
3. Have the fire extinguishers inspected and tagged as recommended by N.F.P.A.
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.
________________________________ March 16th, 2011
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941