C & V
Condition & Valuation
|Client: Removed for Privacy||Date of Report: January 15, 2021|
|Location: Removed for Privacy||Our file #: 21 – 29968|
|Builder: Hatteras||Reg. #: Removed for privacy|
|Model/type: 60 C||Engine/MFG: Two Detroit Diesel|
|Year: 1983||H.P. per: 12V – 92|
|Length: 66′||Serial numbers: Not seen|
|Draft: 5′||Type of instal: Diesel, 12 cylinders, turbocharged|
|Beam: 18′||Generator: Two diesel|
|Name: Removed for privacy*||Hailing port: N/A|
|HIN – Removed for privacy|
*Certificate of Documentation
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, some balsa seen. Bulkheads are constructed of plywood. Overall condition of the hull structure appears good. The vessel’s weight is unknown. Exterior rails and hardware appear satisfactory – good. Cosmetic condition of vessel appears excellent externally and satisfactory internally. Vessel’s external colors are white with red and blue stripes. Below waterline through hull fittings appear satisfactory (being serviced). The vessel is equipped with four electric and electric / automatic bilge pump that appear satisfactory (not tested) and the bilge is holding moderate water. The ventilation system consists of two fans, one blower, and natural ventilation and appear satisfactory. General housekeeping appears satisfactory (work under key).|
Summary: Satisfactory – Good
|Engine external surfaces appear satisfactory and exhibit moderate oil leaks. Engine hour meter exhibits 5046 (port) and 5169 (starboard) hours. Motor mounts appear satisfactory. Cooling system appear satisfactory. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory. Electrical system and components appear satisfactory. Engine control system appear satisfactory – good, and shaft logs appear satisfactory. Steering control system appear satisfactory and rudder ports appear satisfactory. Propulsion components appear good – excellent. Generator surfaces and motor mounts appear satisfactory. Generator’s peripheral components and systems appear satisfactory. Waste system and components appear satisfactory. General service seawater systems appear satisfactory.|
Summary: Satisfactory – Good
|There is 1600 gallon capacity in two fiberglass tanks located aft and amidships. Fuel tank surfaces, where visible, appear good, and the securing mechanism appears excellent . The fuel fill, vent, feed and return lines and components appear satisfactory. Fuel shut off valves are located forward of engine room and appear satisfactory.|
|The AC shore inlet and connections appear satisfactory. The AC wiring and outlets appear satisfactory. The AC main feed are protected with a circuit breaker. Battery arrangement appears satisfactory. Batteries are equipped with disconnect switches. DC wiring appears satisfactory. Circuit protection for the AC and DC branch system appears satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory – Marginal.|
SAFETY AND LIFE SAVING
|Vessel has six dry chemical (August 2021), two halotron (September 2008) portable fire extinguishers. Vessel has a Co2 fixed fire suppression system with current certification (October 2022). The vessel includes two CO and one smoke alarms. The safety components include: four adult type I, additional PFDs in bag PFDs and unknown throwable PFDs; distress flares were not seen – current flares separated; 10 person Avon life raft with expired (October 2014) certification; 30 kg Bruce anchor with chain rode that appears satisfactory – good. Navigational and anchor lights appear satisfactory (not tested). Vessel has current navigation rules. Vessel has oil, waste placard and waste management plan, no navigational rules. Other safety equipment includes First Alert CO alarm, smoke / CO alarms, highwater alarm (reported).|
|Fiberglass swim platform, transom door, Village Marine Tec the modular squirt water maker, two engine room camera, engine room engine instrumentation includes engine temperature, oil pressure, oil temperature, gear oil temperature and pressure and before and after filter pressure, oil placard, ZFBW250 transmission, Mastervolt 12/40-3 battery charger, Rheem model 81VP15S water heater, Big Red air-compressor, engine room lights, Lewco FS320ACD battery charger, Glendinning electronic engine controls with tower, flybridge interior and exterior stations, cockpit station and push / pull cables at engines, two aluminum tuna tower with seat, helm and shade, stern camera, pompanette helm chair, Raymarine ST60+ Tridata, Horizon Explorer vhf, Horizon Hailer VLH-3000, Motorola vhf, naxa monitor, Raymarine E120w multifunction device, Danforth compass, Raymarine E90w multifunction device, flybridge helm includes tachometer, pyrometer, water temperature, engine oil pressure, volts, drive oil pressure and ? oil temperature, Robertson AP300X autopilot, Fusion MS-NRX200i stereo controller, Furuno 1731 radar, Raymarine E120w multifunction device, second Furuno radar ( tag not visible), exterior flybridge engine instrumentation includes tachometers, drive oil, temperature drive oil pressure, volts, engine oil pressure and water temperature, two cockpit bait tanks, Fusion MS-IP700i stereo, cockpit freezer, cockpit shower fixutree, two 50A / 250V and two 50A / 125 / 250V shore power inlets in cockpit, tender davit, tender chocks, bow bait tank, bow plank with anchor roller, Galley Maid electric windlass, outriggers, tuna tubes, portable deck chairs, saloon sofa, Samsung tv, distribution panels to starboard forward in saloon includes main and branch AC circuit breakers, branch DC circuit breakers, DC voltmeter, six AC voltmeters, eight AC ammeters List source selector switch, dinette, Sears refrigerator, Kenmore microwave oven, Kenmore 4 burner electric range, dishwasher, double galley sink, garbage disposal, GE clothes washer and dryer, two isolation transformers, freezer, Naiad fin stabilizer, Cruisair HVAC system with five compressors, AC and DC fresh water pressure pumps with pressure accumulator tanks, electric panels forward of engine room, starboard head includes electric head, sink and shower enclosure, opening port lights, Pyrex tv, port head includes electric head, sink and shower enclosure, starboard head includes electric head, sink and shower enclosure, sump collector box and pump|
|The vessel is a composite fiberglass sport fishing vessel equipped with two diesel engines and two diesel generators. All machine systems are believed to be original. The client purchased the vessel approximately 8 months prior to the survey in southern California. The client is in the diesel engine business and had the top end of the engines serviced and tuned. Since purchase the entire vessel has been painted externally, the propeller shafts, rudders, and fin stabilizers were removed and reinstalled. The through hulls are in the process in being serviced, most of the valves are functional and at least two valves are being replaced. All sea strainers have been removed for service. The client intends to have the interior upholstery replaced. The vessel was inspected while hauled, the engines were not run, and no sea trial was performed and none of the electrical components were tested for function. The vessel is basically structurally sound and is reportedly mechanical sound.|
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.
|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: We valued the vessel over the average sale and asking prices for similar vessels. The new paint job and mechanical service justify this value. Completion of the interior restoration will likely raise the value slightly, but this work is pending and not considered. There is a Covid-19 related demand and value spike which we have considered. It is unclear how long the spike will last.
This survey is for the express purpose of insurance and/or 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.|
- At least three of the portable fire extinguishers do not have current certification. While the vessel has sufficient, currently certified fire extinguishers, we encourage all fire extinguishers to be maintained per NFPA recommendations.
- Assure the vessel has all legally required carriage items including a throwable type personal flotation device (ideally with a light and retrieving line), navigational rules, and waste management plan.
- Display the name and hailing port on the transom per federal regulations.
- There is corrosion and soot aft on both generators, ?? the leaks have been fixed. Remove the stains to allow detection of future weeps or leaks.
- There are five conductors on one terminal and a loose fuse on the battery forward of the port engine. ABYC mandates no more than four conductors per terminal and fuses should be properly secured.
- There is algae and debris in the Racor filter bowls for the main engines and the generators’ filter bowls are dark. Clean the fuel filter bowls and fuel as necessary.
- The cable connection to the starboard aft 8V battery is loose. Properly secure the connection and assure all battery cables connections are made with steel nuts and lock washers. Comply with ABYC recommendations.
- There are loose fuses overhead forward of the port engine, properly secure the fuses.
- Replace wire nuts used at the port engine room blower. Use terminal blocks or but connectors. Comply with ABYC recommendations.
- Remove wing nuts used at the battery cable connections for the battery to port forward in the engine room, use steel nuts and lock washers. Assure the diameter of the cable is suitable for its current use or modify appropriately.
- There is soot / staining on the exhaust lagging below the port engine’s outboard turbocharger. The client reports the exhaust lead was fixed. Remove the soot / staining to allow detection of future weeps or leaks.
- We could not move the through hull valve inboard forward of the starboard engine, the starboard engine’s raw water intake through hull valve was stiff and a through hull to starboard in the lazaret was being replaced at the time of survey. Assure the servicing of all through hulls, valves and sea strainers are complete.
- Install the covers for the isolation transformers aft of the starboard fin stabilizer.
- There are two hose to hose adapter junctions outboard of the starboard engine near the head. The type of adapter used not visible, monitor these connections and address any deficiencies.
- We could not open the sole hatch outboard forward of the starboard engine, lift the hatch, inspect and address deficiencies.
- Service as a result of salt crystals on two connections forward on the starboard engine. Eliminate weeps or leaks and remove salt crystals to allow detection of future weeps or leaks.
- Several of the antenna bases are weathered, address appropriately.
- The entire vessel has been painted, much of the finish work is pending including connecting foredeck hatches, various other trim pieces and hardware. Complete the detail work, sea trial and test operate to find deficiencies and address appropriately.
- The steering pumps have reportedly been rebuilt, complete the installation and repair, assure the system is free of leaks, pressurize the system, test and prove it functional.
- The windshield wipers are not properly functional based on their appearance, address and prove functional or provide an alternate means of allow visibility in inclement weather.
- There is minor water damage about the windshield, client stated the windshield was sealed prior to the paint job, address remaining damage internally.
- Test and prove electrical functional, none were tested. Primary concerns are bilge pumps, highwater alarm, navigational lights, engine room lights, and navigational and communications equipment.
- Address mold in the port and starboard cabins, heads and lockers. Address the high moisture condition leading to mold.
- Address corrosion on the mount on the bottom of the windlass.
- The port rudder is pending installation upon completion of this survey, assure it is properly installed, test the stabilizers, propulsion components, rudders and all of their seals during the seal trial.
- There are moderate oil leaks on the engines, typical of this make and model. Address as a matter of maintenance.
- Much of the vessel’s wiring is original, we saw no indication of problems. Monitor and address if / as necessary.
- Provide and install handles on the starboard engine supply and return valves to port forward in the engine room.
- The starboard generator’s muffler is at an angle, modify so that the muffler is properly oriented.
- There is black discoloration about the starboard engine exhaust penetration at the aft engine room bulkhead, determine the significance and address appropriately.
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 Christian, Surveyor SAMS – AMS #301