C & V SURVEY
Condition & Valuation
|Client: Removed for privacy||Date of report: September 7, 2015|
|Location: Removed for privacy||Our File #: 15-28529|
|Date of inspection: June 23, 2015 & July 7, 2015|
|Builder: Henry C. Grebe Co.||Doc. #: Removed for privacy|
|Model/type: Flush Deck motor yacht||Engine/MFG: Two Detroit Diesel|
|Year: 1959 *||H.P. per: 672 *|
|Length: 63’ *||Serial numbers: P – Removed for privacy|
|Draft: 5’ (approx.)||S – Removed for privacy|
|Beam: 15.8’ *||Type of instal. : Diesel, 6 cylinder,|
|Name: “Removed for privacy”||Natural, freshwater cooled, inboards|
|HIN: Removed for privacy||Generator: Mastervolt 12 KW|
|* per documentation||Westerbeke 15 KW|
|Hailing Port: Removed for privacy|
HULL & STRUCTURE
The vessel was inspected while hauled. Hull construction material is wood plank over wood frame. Deck is constructed wood with teak overlay and above deck structures are constructed of wood. Bulkheads are constructed of plywood. Overall condition of the hull structure appears marginal – satisfactory as there is significant deterioration of wood about metal components including rudder ports, starboard propeller shaft alleyway, propeller shaft struts, swim platform mounts/fasteners, engine exhaust, bonding strap connecting bolt port aft in the engine compartment, port engine raw water by-pass through hull, starboard engine raw water supply through hull, hull to frame connection inboard and aft of the port transmission, raw water supply through hull forward bilge in the aft companionway and forward and aft through hulls on the port hull side at the waterline. Various frames exhibit fractures in the forward bilge that have been sistered and appear in satisfactory condition but there is some surface delignification of various frames and planks in this area. Six fasteners were pulled for inspection. Condition is as follows; starboard forward 7’ aft of stem one plank in from garboard significant deterioration, starboard aft of forward quarter nine planks in from garboard significant deterioration, starboard aft five planks in from garboard between aft and intermediate struts corrosion of center threads. Port fasteners as follows; forward 6’ aft of stem one plank in from garboard threads wicked down in center, aft of amidship eleven planks in from garboard fair condition and six inches aft of aft intermediate strut threads wicked down in center. The vessel’s weight is 92,000 lb. (travel lift’s scale). Exterior rails and hardware appear excellent. Cosmetic condition of vessel appears excellent externally and excellent internally. Vessel’s external colors are white with red boot and accent stripes with varnished Mahogany topsides. Below waterline through hull fittings appear satisfactory except both engines raw water by-pass through hull valves exhibit corrosion and most through hull valves are seized. The vessel is equipped with no manual and six electric / automatic bilge pumps and two were accessed and functional. The bilge is holding minimal standing water. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears excellent.
Summary: Marginal – Good
Engines’ external surfaces appear good and exhibit no significant corrosion. Engine hour meters exhibit P – 963 and S – 1018 hours. Motor mounts appear satisfactory. The engines were not test run however; are reportedly working. Cooling systems appear satisfactory but there is moderate salt build up about the raw water pump impeller covers. Fuel systems and components appear satisfactory – good. Exhaust systems and components appear satisfactory. Electrical systems and components appear satisfactory. Engine control systems appear satisfactory and shaft logs appear satisfactory. Steering control systems appear satisfactory except there is deterioration of wood at cable pulley attachments in the lazarette and rudder ports appear marginal due to deterioration of wood. Propulsion components appear good externally. Generators’ surfaces and motor mounts appear good. Generators’ peripheral components and systems appear good but there is some corrosion about the forward generator’s raw water connection to the exhaust mixing elbow. Waste system and components appear satisfactory. General service seawater systems appear satisfactory.
There is an undetermined gallon capacity in two alloy tanks located outboard of engines. Fuel tank surfaces, where visible, appear satisfactory (mostly covered). The fuel fill, vent, feed and return lines and components appear satisfactory but hoses are aged. Fuel shutoff valves are located forward in engine room and appear satisfactory.
The AC shore cord was not separated from the inlet. The AC wiring and outlets appear satisfactory but there is no 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 satisfactory. Circuit protection for the AC and DC branch system appears good.
Wire terminations and connections appear satisfactory. Wire organization and arrangement appear satisfactory.
SAFETY AND LIFE SAVING
Vessel has five portable fire extinguishers with expired certification. Vessel has one fixed fire suppression system expired certification. The safety components include: fifteen PFDs and one throwable PFD; distress flares with expired certification; one life raft with expired certification; suitable first aid kit; one anchor with chain and line and appears satisfactory. Navigational and anchor lights appear suitably arranged and installed. Other safety equipment includes a roof top spotlight.
The vessel was not inspected at its normal slip location.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Nutone intercom system, five bronze clocks, bronze barometer, fuel / water gauges, Morse alternator charge gauges, boarding ladder, large screen TV on table lift, G.E. Monogram wine cooler, Kenmore clothes washer, Whirlpool front load washer, Scientific Atlanta Explorer 8300 HD receiver, Panasonic DVD / VHS player, Marine Air Systems air conditioning / heating, Sony 12” (approx) TV, Grunert top load freezer, Samsung microwave, Corian countertop, 4 burner Ceran top range, single basin sink, Kenmore Elite refrigerator / freezer, Frigidaire dishwasher, Samsung HDTV, Howard Miller bronze barometer, Chelsea bronze clock, JVC KW-XC777 stereo, Sony HDTV, Toshiba VHS / DVD player, Sharp TV, Audiovox AVD-400 DVD player, Audiovox VHS player, cedar lined hanging lockers, two Xantrex True Charge 20 battery chargers, Dewalt 15-gallon air compressor, Raritan 20 gallon water heater, Raymarine Bi-data ST40 depth / speed, Raymarine ST40 depth, Raymarine R40X radar, Danforth compass, Garmin 2010 GPS Map, VDO rudder position, Sperry autopilot
The vessel is a semi custom flush deck motor yacht constructed of wood that was built by Henry C. Grebe. The vessel is equipped with twin inboard diesel engines. The vessel owner was not present during the inspection but Joaquin (full time crew) did attend the inspection. Joaquin stated that the vessel does not have a captain as Mr. Lewis uses the vessel dockside only and no longer takes the vessel out for harbor cruises. The vessel is in excellent cosmetic condition both externally and internally. The vessel hull structure overall appears in satisfactory condition except in areas where through hulls and various metal components are installed that have significant deterioration of wood about the metals. The cause of this was not determined but may be associated with the bonding system of the vessel. Various areas of the hull interior were accessed on a following trip and there was significant deterioration about struts, a port side bonding strap and aft companionway through hull at the forward end. Struts below the berth were not accessed. At the time of the second inspection; work was underway by the shipyard with wood removal about the port side through hulls and transom. It was reported that they intend to address all areas found to have deteriorated wood. Upon completion of the recommendations, the vessel should be suitable for its intended use as a protected waters motor yacht without re-fastening.
Overall Summary: Marginal – Good
ACTUAL CASH VALUE
NEW REPLACEMENT VALUE
*This value is in consideration of all wood related recommendations completed while hauled out. If the vessel were placed on the market; it would not be unreasonable for the sales price to be substantially higher given the celebrity status of the owner.
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.
This survey is for the express purpose of insurance and financing. 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.
- Have a qualified shipwright inspect and repair areas of wood damage/deterioration as listed prior to launching the vessel; port side forward and aft through hulls at the waterline, interior areas at both rudder ports, swim platform supports, engine and generator exhaust, propeller shaft alleyways, propeller shafts struts, starboard engine exhaust by-pass through hull port engine raw water supply through hull, through hull forward in the aft companionway bilge, hull plank and frame about the zinc bonding wire connection, frame aft of port engine raw water intake and hull plank aft of the port engine intake on the exterior. Wood in these areas appear to pose a significant risk for water intrusion with any further deterioration. Done
- Prove all bilge pumps functional (two were tested and working). Done
- Assure all through hulls have been located on the vessel interior and access the propeller shaft struts below the master berth, inspect for condition of metal and wood and service if/as required. Done
- Consult with a qualified shipwright regarding condition of the fasteners that were removed and service or refasten as recommended. Done
- Have a qualified shipwright or technician determine the cause of the deterioration of wood about metal components and service as recommended to eliminate further deterioration. Done
- Remove surface delignification/deteriorated wood on various planks within the forward bilge, inspect for extent of deterioration, service if/as required and treat with a penetrating epoxy to eliminate further delignification. Done
- Replace the port and starboard engine exhaust by-pass exhaust through hull valves due to corrosion. Done
- Service all through hull valves to be working. Done
- Service the generator and engines raw water pumps as they exhibit salt build-up about the impeller cover gaskets indicating it has been an extended amount of time since impeller replacement. Done
- Remove corrosion from the generator’s raw water discharge hose connection to the exhaust mixing elbow, inspect for extent of corrosion and replace if/as required. Done
- Assure disconnected wires in the chain locker and port side lazarette are not connected to power sources. Done
- Have a qualified electrician install GFCI protection for any 110 volt outlets located near sink basins, engine compartment or weather decks to be compliant with current standards. Done
- Have the fire extinguishers inspected, serviced and tagged as recommended by N.F.P.A. or replace with new and provide current distress signal flares as required by U.S.C.G. Done
Recommendation compliance summary: We re-inspected the vessel while afloat on September 7th, 2015 for compliance of recommendations while the vessel was afloat at the Marriott Marina in San Diego, California. There was reportedly over two hundred fasteners replaced on the forward hull bottom area since our interim inspection of the hull repairs prior to launching of the vessel. All through hulls have been replaced. An electrician was hired to install GFCI circuits and reportedly check disconnected wires to assure they have been de-energized. The bonding system was reportedly checked by a technician and an additional zinc plate added onto the transom. All recommendations have been addressed and the vessel suitable for use.
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/finance 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.
_______________________________ September 7, 2015
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941