C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: July 28th 2011
Our File #: 11-27308
Location: XXXX Yacht Club
Date of inspection: July 26th 2011
Newport Beach, CA 92657
Model: 64 Manhattan
Year: 2001 model, 2000 build
Hailing Port: Newport Beach, CA
Length: 71’ 1”
Draft: 17’ 1”
Beam: 4’ 9”
Engines: Two Caterpillar 3406
H.P. per: 800
* Serial #: P – 9WR01720 * S – 9WR01718
* Installation: Diesel, 6 cylinders, fresh
water cooled, V-drives
Generator: Kohler 15 KW
* McKnew Boat Guide
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is molded fiberglass. Deck is constructed of molded fiberglass with teak overlay and above deck structures are constructed of molded fiberglass. Coring is unknown. Bulkheads are constructed of plywood. Overall condition of the hull structure appears excellent with no fractures or delamination of fiberglass tabbings seen. The vessel’s weight is 65,920 lbs.* Exterior rails and hardware appear excellent. Cosmetic condition of vessel appears excellent but there is some light oxidation externally and excellent internally. Vessel’s external colors are white and blue hull with red accent stripe. Below waterline through hull fittings appear good except there is surface corrosion of the air conditioning and head raw water supply through hulls in the crew quarters. The vessel is equipped with one manual and seven electric/automatic bilge pumps that appear good but the forward and lazarette pumps were not accessed. The bilge is holding minimal standing water. The ventilation system consists of forced air and natural ventilation and appears excellent. 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 – 548 and S – 548 hours. Motor mounts appear excellent. Cooling systems appear good – excellent. Fuel systems and components appear excellent. Exhaust systems and components appear good – excellent. Electrical systems and components appear excellent. Engine control systems appear excellent and shaft logs appear excellent. Steering control systems appear excellent and rudder ports appear excellent. Propulsion components were not inspected externally. Generator surfaces and motor mounts appear excellent. Generator’s peripheral components and systems appear good – excellent but the mixing elbow exhibits corrosion and the raw water pump exhibits signs of leaking. Waste system and components appear excellent (vacuum pump system). General service seawater systems appear good.
There is *878 gallon capacity in two aluminum tanks located forward of the engine compartment. Fuel tank surfaces, where visible, appear excellent (minimal access). The fuel fill, vent, feed and return lines and components appear good – excellent. Fuel shut off valves are located in the engine compartment and appear good.
The AC shore cord, inlet and connections were not separated. The AC wiring and outlets appear excellent. The AC main feeds are protected with circuit breakers. Battery arrangement appears satisfactory but they are “gassing” indicating they may be due for replacement. Batteries are equipped with disconnect switches. DC wiring appears excellent. Circuit protection for the AC and DC branch system appears excellent. Wire terminations and connections appear good – excellent. Wire organization and arrangement appears excellent.
SAFETY AND LIFE SAVING
Vessel has two portable fire extinguishers with expired certification. Vessel has one fixed fire suppression system with expired certification. The safety components include: eight PFDs and one throwable PFD; distress flares that expire July 2011; no life raft; suitable first aid kit; one anchor with chain and appears good. Navigational and anchor lights appear faulty as the port and starboard are inoperative. Other safety equipment includes: windshield wipers, Sanshin HR-1012 spotlight, binoculars, dual electric trumpet horns.
The vessel was inspected at its normal slip location. Line condition and arrangement appears good. Boarding hazards appear insignificant. All entry points were found locked. Other security consists of gated at fenced marina with security personnel.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Bosch 4-burner Ceran top range, Sub Zero 249RP refrigerator, Corian countertop with two stainless steel sinks, Sub Zero 249FF freezer, Sharp Carousel Grill 2 convection oven, Black & Decker Spacemaker coffee pot, Alpine CDA-117 stereo, Alpine CHA-5634 CD changer, Boston bronze clock, Chelsea bronze barometer, Walvac central vacuum, Panasonic VCR, Sony DVP-C650D AV controller/receiver, flat screen TV on cabinet lift, Sony SAT-A55 satellite receiver, KVH Gyrotrac satellite receiver, KVH satellite telephone, Panasonic 15” (approx.) TV with built-in VHS, three Alpine CDA-7862 stereos, Splendide Combomatic 6100 clothes washer and dryer, Sharp 14” (approx.) flat screen TV, interior courtesy lights, Baday?? 25” (approx.) TV, Panasonic VCR, forced air head ventilation, Icer-ette icemaker, HRO Systems water maker, Par Water pump with accumulator tank, Newmar PT-24-95F and RM-2020 charger, Outback Power Systems inverter, Besenzoni hydraulic boarding ramp, Seaward 18 gallon water heater, two electric Simpson Lawrance stern capstans, flybridge canvas cover, Marine Air Systems air conditioning, fiberglass radar arch, bimini top, foredeck sun cushions, Simpson Lawrance electric windlass, Ritchie compass, Northstar 961XD GPS/chart plotter, Furuno radar, Raytheon ST60 speed/sumlog, Raytheon ST60 depth/alarm, Robertson AP20 autopilot, electronic controls, electric helm seat, engine synchronizer
The vessel is a fiberglass production sport cruiser equipped with twin inboard diesel engines and built in Italy. The client reportedly purchased the vessel new. The vessel overall appears in excellent condition and is actively maintained both mechanically and cosmetically. The vessel is structurally and mechanically sound and suitable for its intended purpose as a near coastal pleasure craft.
Overall Summary: Excellent
ACTUAL CASH VALUE — $900,000 approx.
NEW REPLACEMENT VALUE — $2,500,000 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. In most instances the data found while researching the value is stored in our file for this survey. We primarily use market value analysis methodology for determination of value.
C & V Form Key: All systems are rated based upon their appearance, ratings include: Not examined, Not applicable, Faulty, Marginal, Satisfactory, Good, Excellent.
1. Due to “gassing” of the batteries, have a mechanic inspect and test the batteries replacing if/as required.
2. Replace the exhaust mixing elbow on the generator due to corrosion.
3. Service the generator’s raw water pump as it exhibits signs of beginning to leak.
4. Inspect the water heater about the base for the corrosion and leaks servicing if/as required.
5. Clean surface corrosion from the air conditioning raw water supply and head raw water supply through hull valves in the crew quarters, inspect for deterioration and service if/as required.
6. Service the port and starboard navigation lights to be working.
7. Access the forward and lazarette bilge pumps and prove functional.
8. Renew distress signal flares as they expire this month.
9. 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.
________________________________ July 29th 2011
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941