90′ Poole Passenger Fishing Vessel

Client:    Removed for Privacy Date of report:      June 20, 2018
  Date of inspection: June 19, 2018 Our file #:             18 – 29327

VESSEL DESCRIPTION

Builder:        Poole Doc. #:              Removed for Privacy
Model/type: Passenger fishing Engine/MFG:     Two Lugger
Year:           1987 Model:               L614OAL2 / BT
Length:        90’ Serial numbers: p – Removed for Privacy
Draft:           6’                           S – Removed for Privacy
Beam:         24’ Type of instal. :  Diesel, six cylinders,
Name:        Removed for Privacy                            turbo charged
HIN:             none Generator:         Two 65 Kw (reported)

Hailing Port:      San Diego, CA

HULL & STRUCTURE
The vessel was inspected while afloat.  Hull construction material is aluminum.  Deck is constructed of aluminum and above deck structures are constructed of aluminum.  Bulkheads are constructed of aluminum.  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.  Vessel’s external colors are white with green stripes.  Below waterline through hull fittings appear good.  The vessel is equipped with two AC electric bilge pump that appear good and the bilge is holding minimal water and oil.  The ventilation system consists of blowers and natural ventilation and appears good.  General housekeeping appears good.
Summary: Satisfactory – Good
MACHINE SYSTEMS
Engines’ external surfaces appear satisfactory – good and exhibit no significant rust, oil or coolant leaks.  Motor mounts appear satisfactory.  Cooling system appears satisfactory.  Fuel system and components appear satisfactory.  Exhaust system and components appear satisfactory – good.  Electrical system and components appear satisfactory.  Engine control system appear satisfactory – good, and shaft logs appear satisfactory – good.  Steering control system appears satisfactory – good and rudder ports were not examined.  Propulsion components were not examined.  Generator surfaces and motor mounts appear good.  Generator’s peripheral components and systems appear good.  Waste system and components appear satisfactory – good.  General service seawater systems appear satisfactory – good.

 

Summary: Satisfactory – Good

 

 FUEL SYSTEM
There is 8,000 gallon capacity in four aluminum tanks located forward, two wings (amidships) and one aft.  Fuel tank surfaces were not visible.  The fuel fill, vent, feed and return lines and components appear satisfactory.  Vessel has an emergency shut off valve.
Summary: Satisfactory – Good

 

 

ELECTRICAL SYSTEMS

The AC shore cord, inlet and connections appear good.  The AC wiring and outlets appear good.  The AC main feed are protected with circuit breakers.  Battery arrangement appears good.  Batteries are equipped with a disconnect switches.  DC wiring appears satisfactory.  Circuit protection for the AC and DC branch system appears satisfactory.
Summary: Satisfactory

 

SAFETY AND LIFE SAVING
Vessel has four portable fire extinguishers with current certification.  Vessel has CO2 fixed fire suppression system with current certification (April 2018).  The safety components include: numerous PFDs and one lifering throwable PFDs; distress flares with current certification; two – 20 person life rafts with current certification March 2019 due date; suitable first aid kit; three – 80 Kg Lemar anchors with chain and line rode that appears good.  Navigational and anchor lights appear good.  Other safety equipment includes high water alarm, fire pump, two – fire hose stations, sea anchor, 406 MHx EPIRB 4/21 battery date.

 

Summary: Good

 

DOCKING
The vessel was inspected at its normal slip location.  Lines condition and arrangement appears good.  Boarding hazards appear insignificant.
Summary: Good

ACCESSORIES

Hynautic hydraulic engine controls, AC potable water pressure pump with pressure accumulator tank, Sea Recovery water maker, Twin Disc MG518 transmissions, engine room engine instrumentation includes tachometers, pyrometers, turbo, pressure, temperature, oil psi., gear oil psi., and second temperature, three AC source selector switches, 2 volt meters, ammeter and Hz meter forward in engine room, DC volt meter, tool box, internal sea strainers, three compressors for refrigerated fish wells, three bait pumps, 100 amp shore power inlet to port in engine room, electric / hydraulic steering pump, three refrigerated fish holds / bait wells, above deck bait tank, electric windlass, foredeck bait tank, produce refrigerator, two flybridge freezers, two radar arrays, crow’s nest, flood lights, two squid lights, two forward exterior engine control stations and one Comnav 1202 FFU steering job stick Nobel tec navigation software with dedicated monitor, direct tv, Furuno radar type RDP-154, Furuno Navnet multi-function device with plotter / sounder / camera monitor, Sony stereo, pilothouse engine instruments include tachometers, pyrometers, boost pressure, gear oil psi., temperature, tachometers, hour meter and volts, Ritchie compass, rudder angle indicator, Com 211 autopilot remote, Furuno FCV-1100L color LCD sounder, Furuno extending CH250 sonar, Furuno FCV-292 color video sounder, Wesmar 860 extending transducer sonar, Comnav 20014 autopilot, sea water temperature, AC and DC volt meters, HZ meter, Horizon GX 23605 vhf, Lewco battery charger, two – Furuno GPS navigators, Furuno FA-150 Universal AIS, Mitsubishi satellite phone, Kenwood two meter transceiver, Icom IC-M58 vhf, Icom IC-V 8000 transceiver, Icom IC-M802 HF transceiver, Furuno GP-500 gps navigator, Furuno NX-500 navtex receiver, Furuno SSB, crew cabin with four bunks, captain’s cabin with two bunks, PA system, three heads, Samsung tv, coffee maker, Manitowic ice maker, two Hobart ovens, Hobart ovens, Hobart refrigerator, charbroil grill, bread maker, two electric grills, soup heater, three sinks, galley hood, 1100 gallon aluminum water tank, HVAC system, eleven cabins

 

SUMMARY
The vessel is an aluminum passenger fishing vessel designed and built by Mr. Bill Poole in San Diego, CA.  The vessel has a current certificate of inspection (COI) for 35 passengers in zone 4 / extended ocean, expiration 08 May 2022. The keel of the vessel was reportedly laid in 1986 and the vessel was launched in 1987.  There is no known hull identification number (HIN).  The current owners report that the engines were installed new in 2000, completely rebuilt seven years ago and the top ends were rebuilt two years ago.  The vessel is an active passenger fishing vessel taking long range fishing trips.  The vessel was inspected while afloat, between fishing trips.  The vessel is actively and well maintained.  The vessel is well suited for its intended purpose as a passenger fishing vessel.

 

Overall Summary: Good

 

 VALUES

 

ACTUAL CASH VALUE NEW REPLACEMENT VALUE INVESTMENT
$1,800,000.00 $4,000,000.00 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.

This survey is for the express purpose of insurance and financing.  It is not meant as a buyer’s survey.

 

 

RECOMMENDATIONS

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.

 

PRIMARY

 

  1. The bow anchor is bent, either straighten the bow anchor or replace it with one of the other anchors aboard.
  2. A light bulb is exposed near the upper bunk berth in cabin D, properly cover the bulb to prevent personal injury.

 

SECONDARY

 

  1. The starboard engine’s murphy coolant gauge is cracked, address as necessary.
  2. There is oil in the engine room bilge, clean to remove the oil and service to eliminate oil leaks as applicable.
  3. Replace the broken light bulb to port aft in the engine room.
  4. Service and prove the inoperative light in the lazarette functional.
  5. There is paint failure about the exterior of the vessel, address as desired.
  6. There are minor hull scrapes on the starboard hull side forward, at the dock level, address as desired.
  7. The vessel has no hull identification number, address if / as necessary.

 

 

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.

By:  Mr. Kells Christian, Surveyor   SAMS – AMS #301               Date: June 20, 2018