C & V SURVEY
Condition & Valuation
Client: Removed for Privacy
Our file #: 18 – 29347web
Date of inspection: July 25, 2018
|Builder: Mark Collins
|Doc. #: Removed
|Model/type: Power Catamaran
|Engine/MFG: Two Cummins 6CTA 8.3
|H.P. per: 450 @2600 rpm
|Stbd: not visible
|Beam: 28’ 3”
|Type of instal. : Diesel, six cylinders, turbocharged, aftercooled
|Generator: 8 Kw Northern Lights (port), 20 Kw Northern Lights (starboard
|Hailing Port: Wilmington, DE
HULL & STRUCTURE
The vessel was inspected while afloat. Hull construction material is composite fiberglass. Deck is constructed of composite fiberglass and above deck structures are constructed of composite fiberglass. Coring is honey comb (where visible) and Divinycell foam (reported). Bulkheads are constructed of plywood and composite fiberglass. Overall condition of the hull structure appears good. The vessel’s weight is unknown. Exterior rails and hardware appear satisfactory. Cosmetic condition of vessel appears marginal externally and satisfactory internally. Vessel’s external colors are white with black boot and accent stripes. Below waterline through hull fittings appear satisfactory. The vessel is equipped with five electric bilge pumps that appear satisfactory and the bilge is holding minimal fluid. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears satisfactory.
Summary: Satisfactory – Good
Engines’ external surfaces appear satisfactory. Engine hour meters were not seen. Motor mounts appear satisfactory. Cooling system appears satisfactory. Fuel system and components appear satisfactory. Exhaust system and components appear satisfactory. The client stated his intentions to replace the engines in the near future. Electrical system and components appear satisfactory. Engine control system appears satisfactory, and shaft logs appear satisfactory. Steering control system appears satisfactory and rudder ports appear satisfactory. Propulsion components were not inspected. Generator surfaces and motor mounts appear satisfactory. Generator’s peripheral components and systems appear satisfactory. Generator port model no. M753W2.3 with serial no. 7532-37143C and starboard model no. M844LW2.3 with serial no. 8442-37494C. Waste system and components appear satisfactory. General service seawater systems appear satisfactory.
There is 2,200 gallon capacity in four fiberglass tanks located forward of engines and forward of the aft cabins (bilge). Fuel tank surfaces, where visible, appear good, and the securing mechanism appears good. The fuel fill, vent, feed and return lines and components appear good. Fuel fill to tank bonding appears satisfactory.
The AC shore cord, inlet and connections appear satisfactory / marginal. The AC wiring and outlets appear satisfactory. The AC main feed are protected with circuit breakers. Battery arrangement appears satisfactory. Batteries are equipped with a 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 two portable fire extinguishers, one – 2006 & one with no tag visible. Vessel has Seafire FM-200 fixed fire suppression system with no visible date to port and 8/2006 manufacture date to starboard. The safety components include: numerous type II PFDs and horseshoe buoy throwable PFDs; distress flares with expired certification (Nov. 2006); 35 Kg and 50 Kg CQR type anchors with chain and line rode that appears satisfactory. Navigational and anchor lights appear satisfactory (not tested). Other safety equipment includes canister air horn, ship’s bell.
Summary: Marginal – Satisfactory
The vessel was inspected at its normal slip location. Lines condition and arrangement appears satisfactory. Boarding hazards appear insignificant. All entry points were found locked. Other security consists of marina personnel.
Two transom doors, flybridge hard top, venturi windscreen, flybridge side enclosure panels, Furuno Navpilot autopilot, Uniden ES vhf, two Furuno Navnet multi-function devices, Furuno sonar with extending transducer, flybridge engine instrumentation includes tachometers, engine and transmission oil psi., temperature and volts, Iridium satellite phone, Kenwood stereo, Ritchie compass, radar arch, hydraulic steering with flybridge and port aft deck stations, cockpit bait tanks, flood lights, underwater lights, Racor filters with vacuum gauges, Aqua drive shaft couplers, PSS dripless shaft seals, ZF IRM280A transmissions, Newmar PT-24-20CE and ABC 12-25 battery chargers, fuel transfer pump with filter, two Atlantic T20 water heaters, electric hydraulic motor and reservoir, fishing equipment, three compartment aft deck freezer, two Barient 32 self- tailing winches, internal sea strainers, two Lewmar 65 self-tailing winches, Marquipt tender davit, Bauer Junior II air compressor, two Muir electric windlasses, bow bait tank, fiberglass forward cross member, hydraulic anchor windlass with drum (not in use), fiberglass tender with 25 h.p. Honda outboard engine serial no. BAJS – 3200880 50 amp shore power inlet, dinette, ship’s clock and barometer, saloon sink, garbage disposal, trans compactor, small galley appliances, tools, two handheld vhf radios, walky talkies, LG microwave oven, U-line refrigeration, main electrical distribution panel in saloon includes main and branch AC and DC circuit breaks, AC and DC volt and ammeters, Hz meter, interior helm station and bench seat, several pairs of binoculars, pilothouse engine instrumentation includes FloScan digital tachometers, engine oil psi., engine and transmission temperatures, Furuno Navpilot autopilot, two water and two fuel level gauges, day head, generator instrumentation in pilothouse includes temperature, oil psi., volts and hour meters (778 & 3823), Toshiba, Toshiba dvd / vcr, Sony DAV-DX150 home theater system, four drawer Perlick refrigeration, two freezers, GE Profile five burner electric range, GE Profile dishwasher, trash compactor, double galley sink with trash compactor, GE advantium 120 microwave oven, starboard hull refrigeration unit, both aft cabins have ensuite heads with exterior spa tubs, two electric macerator waste discharge pumps, waste y valves, forward cabins include queen berths, separate bunk berths and heads with separate showers, Bosch Axxis clothes dryer and Axxis and clothes washer, shower sump collector and pumps, double sink in port bunk cabin,
The vessel is a custom, one of a kind, power catamaran. The client built the vessel. The vessel is equipped with two diesel engines. The client stated his intention to replace the engines in the near future. The vessel was inspected while afloat, the engines were not test operated, no sea trial was performed and the vessel was not hauled for survey. The vessel appears basically structurally sound. The vessel is in marginal cosmetic condition externally, with wear, scratches and paint failure on the hull sides and deck. The vessel is not completely cosmetically finished; there are exposed fiberglass areas in lockers and storage areas. The vessel is very well laid out practically and is suitable for its intended purpose as a long range power vessel.
Overall Summary: Satisfactory
ACTUAL CASH VALUE
$Removed for Privacy
$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. 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.
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.
1. Display the HIN per federal regulations.
2. Remove corrosion from steering components, inspect, service if / as necessary.
3. Secure the bait pump and the strainer in the port aft bilge.
4. Free up and prove all through hull valves properly functional, several were tested and were found to be seized, including two in the port hull aft, both engines’ and the port generator’s through hull valve was difficult to reach.
5. Provide and install face plates on switches and AC outlets in both engine rooms which currently have no faceplates.
6. There is rust staining about both propeller shaft seals, more significantly to port. Address any leaks, determine the source of the rust (potentially propeller shafts) and address appropriately.
7. Secure the battery by the port generator; cover the battery to prevent accidental short circuiting. Remove the unused battery in the port engine room. Comply with ABYC recommendations.
8. The port Racor fuel filter bowls are dark and there is alga in the starboard Racor bowls. Clean the fuel filter bowls and fuel as necessary.
9. Maintain the fixed and portable fire extinguishers per NPFA recommendations and assure that the fixed extinguishers are properly installed. The fixed extinguishers’ wires are not connected. Extinguishers should be inspected and tagged annually and inspected by a qualified technician or replaced every six years.
10. Provide and install a locking ring on the shore power cord.
11. Remove the “sludge” from the starboard aft cabin bilge.
12. Properly secure the batteries below the exterior bridge deck sole.
13. Display the documentation number per federal regulations.
1. Address the cosmetic deficiencies externally as desired. Cosmetic deficiencies include scrapes and dings by the anchors, scratches in the hull sides, “patches”, paint failure, varnish failure and similar conditions.
2. A sea water hose junction in the port aft bilge is taped over, remove the tape, access, inspect and address any deficiencies.
3. The port shore power inlet has been removed; wires are protruding from the hole for the fixture. Reinstall the fixture or assure there is no liability associated with the wires exposed.
4. There is only line in the port anchor rode locker. A hydraulic drum in this locker is not currently in use, modify if / as desired or necessary.
5. We did not test any bilge pumps and did not see a bilge pump in the port aft cabin bilge. Test and prove all bilge pumps properly functional. Assure that the vessel is equipped with a high water alarm.
6. There are dead ended wires in the starboard engine room forward for the fuel flow and fuel transfer pumps. Assure that these devices are properly installed and functional or that there is no liability associated with these systems.
7. There is a broken y valve in the starboard aft cabin bilge, replace as desired or as necessary.
8. Provide federally required, approved and current distress signal flares.
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 29, 2018
By: Mr. Kells Christian, Surveyor SAMS – AMS #301