C & V SURVEY
Condition & Valuation
Client: Removed for Privacy “RP”
Date of report: August 19th 2011
Our file #: 11 – 27327
Location: Boat Yard
Date of inspection: August 15th 2011
San Diego, CA 92039
Builder: Hatteras Yachts
Model/type: Hatteras 70 cockpit motoryacht
Doc. #: “RP”
Hailing Port: San Diego, CA
Beam: 18’ 2”
Engine/MFG: Two Detroit Diesel
Serial numbers: S – 12VA-82786 P – 12VA-83909
Type of instal. : Diesel, 12 cylinders, inboard, twin turbo charged
Displacement: 103,000 lb.
Generator: Two 20 KW Onan
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. Bulkheads are constructed of plywood. Overall condition of the hull structure appears good. The vessel’s weight is unknown. Exterior rails and hardware appear good. Cosmetic condition of vessel appears satisfactory externally and satisfactory internally. Vessel’s external colors are white with black boot stripe. Below waterline through hull fittings appear satisfactory. The vessel is equipped with five electric/automatic bilge pumps that appear satisfactory – good and the bilge is holding minimal water. The ventilation system consists of engine room blowers and appears good. General housekeeping appears good, but boat is currently “in the yard”. The condition of the coring, in the stringers, deck, and elsewhere as applicable, is beyond the scope of this inspection.
Summary: Satisfactory – Good
Engines’ external surfaces appear satisfactory and exhibit moderate leaks. Engine hour meters exhibit 211 and 211 hours. Motor mounts appear satisfactory. Cooling systems appear satisfactory. Fuel systems and components appear satisfactory. 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 and rudder ports appear satisfactory. Propulsion components appear satisfactory. Generator surfaces and motor mounts appear satisfactory. Generator’s peripheral components and systems appear satisfactory. Generators’ model 20MDL4B303668. Port serial # H880150284 and 2811 hours on meter, Starboard serial # H880150248 and 2963 hours on meter. Waste systems and components appear satisfactory. General service seawater systems appear satisfactory.
There is unknown capacity in fiberglass tanks located in center bilge and elsewhere perhaps. Fuel tank surfaces, where visible, appear satisfactory (mostly inaccessible) and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear satisfactory. Fuel shutoff valves are located in various places and appear satisfactory.
The AC shore cord, inlets and connections appear satisfactory. The AC wiring and outlets appear satisfactory. The AC main feeds are protected with fuses and 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 satisfactory. Wire terminations and connections appear satisfactory. Wire organization and arrangement appears satisfactory.
SAFETY AND LIFE SAVING
Vessel has five portable fire extinguishers with current certification – 2011. Vessel has CO2 fixed fire suppression system with units in port engine room and generator room with current certification – August 2011. The safety components include: numerous PFDs and one throwable PFD; distress flares with expired certification – 2008; two Avon 8 person life rafts with expired certification – August 2007; suitable first aid kit; 50 KG Bruce anchor with chain rode that appears satisfactory. Navigational and anchor lights appear satisfactory (not tested). Other safety equipment includes: ship’s bell, EPIRB (March 2010 battery).
The vessel was not inspected at its normal slip location.
ELECTRONICS, TENDER(S), ACCESSORIES
Accessories include: Trim tabs, swim platform, two piece coupled propeller shafts, keel, double chines, upper rub rail, lower rub rail aft, transom door, boarding ladder, spare propellers, spare section of propeller shaft, oil change system, Hynautic hydraulic engine control, AC & DC water pressure pumps with accumulator tank, electrical distribution panels in engine room, Racor fuel filters, internal sea strainers, Naiad fin stabilizers, GE water heater, Glendinning engine synchronizer, tool box, Newmar PTMC-24V battery charger, engine room lights, two AC electrical transformers, PTO on forward generator, air compressor, seven Cruisair air conditioners, Vosper bow thruster, salt water and freshwater wash downs in cockpit, five cameras, Robertson AP200 DL autopilot, Datamarine Corinthian series S100KL and 3030 depth remote, Horizon Intrepid VHF, Alpine CD/stereo, flybridge engine instrumentation includes two tachometers, two volts, two engine oil pressure, two water temperature, two transmission oil pressure and two transmission oil temperature, Furuno radar, Garmin 2006 chart plotter, flybridge icemaker, flybridge refrigerator, flybridge seating and table, flybridge cook top, tender davit, tender chocks, saloon TV on elevator, saloon sofa, entertainment system, wine cooler, dining table, dinette, trash compactor, dish washer, Kitchen Aid microwave oven, 4 burner galley stove, Kitchen Aid oven, Northstar loran, SeaTel satellite TV, pilothouse electrical distribution panel includes five AC source selector switches, five AC ammeters, two AC voltmeters and two AC hertzmeters, Northstar 941X GPS/plotter, sewing machine, Furuno radar, Navigator speed log, International depth, systems monitor, ICOM IC-M100 VHF, lower helm instrumentation includes two tachometers, two volt, two engine oil pressure, two engine temperature, two transmission oil pressure and two transmission oil temperature, remote controlled spotlights, trim tab level indicators, Robertson AP200DL autopilot, Dell video monitor, Standard Horizon GPS chart 160, Standard LH10 hailer, pilothouse bench seat, two pilothouse wing doors, Standard handheld VHF, two water pressure inlets, two TV/telephone inlets, six 50 amp shore power inlets, two shore power cords, side boarding ladder, foredeck storage boxes, Galley Maid windlass, bow plank with anchor roller, anchor wash down, foredeck sun pad and seating, three windshield wipers, window covers, separate DC electrical distribution panel with DC voltmeter, automatic locker lights, cedar lined lockers, shower sump collector and pump, master head has Tecma head, shower with tub and sink, Samsung TV, second head has Tecma head, shower and sink, Miele T1313 clothes dryer, Miele W113 clothes washer, four cabins, third head has Tecma head, shower enclosure and sink, block ice tongs, office with desk, wireless router and printer
The vessel is a fiberglass motor yacht equipped with two diesel engines and two diesel generators. The client purchased the vessel in 2006 in Miami. Upgrades to the vessel have included a new battery charger, clothes washer and dryer, added storage with custom lockers, new carpet throughout the vessel, towel warmers, televisions, television cabling, new Tecma heads, forward head converted to an office, flybridge enclosure and significant engine and generator repairs. The vessel is currently hauled and undergoing various projects including the elimination of nine through hulls, servicing fin stabilizers and repainting the boot stripe. The client lives aboard the vessel. The vessel was inspected while hauled. The vessel appears basically structurally and mechanically sound.
Overall Summary: Satisfactory
ACTUAL CASH VALUE — $550,000
NEW REPLACEMENT VALUE — $4,000,000
INVESTMENT — $750,000
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. 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. Provide federally required, approved and current distress signal flares.
2. Maintain the life rafts per the manufacturer’s recommendations, relocate life rafts from beneath the flybridge enclosure.
3. Maintain the EPIRB per the manufacturer’s recommendations, replace the battery.
4. Display the hull identification number per federal regulations.
5. Display the documentation number per federal regulations.
6. Replace the cracked air conditioner raw water hoses visible to port forward in the engine room. Inspect other similar hoses and replace as needed.
7. Replace the damaged hose at the port engine’s raw water pump. Eliminate the leak, clean stains and corrosion below the leak to allow detection of any future leaks.
8. Properly cap or plug the unused through hull aft of the starboard transmission.
9. A green battery cable is disconnected near the starboard engine’s starter. The client stated that this condition has existed since purchase. Address as necessary.
10. There are salt crystals by the starboard engine’s starter, service to eliminate the source of the salt crystals and clean to remove them to allow detection of any future leaks.
11. The plywood base below the aft generator is bowed downward, repair this component.
12. There is salt visible on the top of the forward generator’s sound box, service to eliminate the source and clean to remove the salt to allow detection of any future weeps or leaks.
13. The compass on the flybridge is badly cracked, replace the lens.
14. Through hull repairs are in progress, an unused through hull was found in the bilge near the clothes washer/dryer. Assure that all through hulls are either used or properly capped or plugged. Carefully inspect the through hull work upon launching the vessel.
1. There is a moderate blister condition on the hull bottom, the hull bottom was drying at the time of survey thus limiting the visibility of blisters. There are likely one hundred blisters larger than 1” in diameter, with sizes up to 1.5” in diameter, there are more smaller blisters, repair blisters or monitor and repair as necessary.
2. There is anti-fouling paint damage around the through hulls (halo damage), properly prepare and repaint these areas.
3. The trim tabs are bent, repair if/as desired.
4. Several swim platform supports are bent, repair if/as desired.
5. There are a few patches and scratches on the hull sides and transom, address cosmetically as desired.
6. Repair cracks at the transom door, near the hinges.
7. The client is currently pulling various cables through the vessel including high definition television cables and cable onto the flybridge.
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 insurance and refinancing purposes and should provide the information necessary for underwriting. 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.
________________________________ August 19th 2011_
By: Mr. Kells Christian, Surveyor Date
S.A.M.S. – A.M.S. # 301