|
The
following is an example of a Condition & Valuation Survey
completed for the owner of a similar 58' Hatteras motoryacht.
An Adobe
Acrobat file of this survey can be downloaded by clicking
here.
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C
& V SURVEY
Condition & Valuation
| Client:
Removed for privacy |
Date
of report: May 22nd 2006 |
| Address:
Removed for privacy |
Date
of inspection: May 16th 2006 |
| San
Clemente, CA 92672 |
Our
file #: 06-25256 |
VESSEL
DESCRIPTION
| Builder:
Hatteras |
Doc.
#: Removed for privacy |
| Model/type:
Flybridge Motor Yacht |
Engine/MFG:
(2) Detroit Diesel |
| Year:
1979 |
H.P.
per: Unknown |
| Length:
58’ |
Serial
numbers: S – 8VF038160 P – 8VF?434 |
| Draft:
4’ 9” * |
Type
of instal. : Diesel, 8-cylinders, IB, twin turbocharged |
| Beam:
15’ 10” * |
HIN:
Removed for privacy |
| Name:
Removed for privacy |
Generator:
None seen |
| *
sister ship’s listing specifications |
Hailing
Port: Wilmington, DE |
HULL & STRUCTURE
The
vessel was inspected while afloat. 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 satisfactory.
Cosmetic condition of vessel appears satisfactory externally and
satisfactory – good internally. Vessel’s external
colors are white with black stripes. Below waterline through hull
fittings appear satisfactory – marginal. The vessel is equipped
with two manual and four electric/automatic bilge pumps that appear
satisfactory and the bilge is holding minimal water and oil in
the engine room. The ventilation system consists of a blower in
one engine room and natural ventilation and appears satisfactory.
General housekeeping appears good.
Summary:
Satisfactory – Good
MACHINE
SYSTEMS
Engines’
external surfaces appear satisfactory and exhibit moderate oil
leaks. Engine hour meters exhibit Starboard – 1759 &
959 hours and Port – 1633 & 966 hours. Motor mounts
appear satisfactory. Cooling systems appear satisfactory. Fuel
systems and components appear satisfactory. Exhaust systems and
components appear satisfactory, with apparent leak(s) outboard
of port engine. 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 were not
examined. Waste systems and components appear satisfactory. General
service seawater systems appear satisfactory.
Summary:
Satisfactory
FUEL
SYSTEM
There
is an unknown capacity in several fiberglass tanks. Fuel tank
surfaces are mostly inaccessible and the securing mechanism appears
good. The fuel fill, vent, feed and return lines and components
appear satisfactory. There are apparent fuel leaks inboard and
aft of both engines.
Summary:
Satisfactory
ELECTRICAL
SYSTEMS
The
AC shore cords, inlets and connections appear satisfactory. The
AC wiring and outlets appear satisfactory. The AC main feeds are
protected with circuit breakers. Battery arrangement appears satisfactory.
Batteries are equipped with a disconnect switch. 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.
Summary:
Satisfactory
SAFETY
AND LIFE SAVING
Vessel
has seven portable fire extinguishers – July 2005. Vessel
has a CO2 fixed fire suppression system – 1995. The safety
components include: numerous PFDs and two throwable PFDs; distress
flares with expired certification; suitable first aid kit; 80
lb. Danforth anchors with chain and line rode that appears good.
Navigational and anchor lights appear satisfactory but the steaming
light is inoperative. Other safety equipment includes an 8-person
Avon life raft and a ship’s bell.
Summary:
Satisfactory
DOCKING
The
vessel was inspected at its normal slip location. Line condition
and arrangement appears satisfactory – good. Boarding hazards
appear insignificant. All entry points were found locked. Other
security consists of marina personnel.
Summary:
Excellent
ELECTRONICS,
TENDER(S), ACCESSORIES
Accessories
include: Fiberglass swim platform, boarding ladder, enclosed aft
deck, aft deck table and chairs, video monitor with three cameras,
flybridge bimini top, radar arch, venturi windscreen, flybridge
engine instruments include two tachometers, two oil pressure,
two drive oil, two water temperature and two volts, Signet knotmeter,
Danforth Constellation compass, Datamarine Depth – Corinthian
Series S200DL, Simrad Robertson AP22 autopilot, rudder angle indicator,
Wood Freeman 500 autopilot, two pedestal helm chairs, intercom,
Triton VHF, portable BBQ, flybridge refrigerator, flybridge dinette,
tender davit with electric winch, Boston Whaler with HIN BWC413177J?
equipped with a 15-hp Johnson outboard engine model J15EEUC and
serial number G04231329, tender chocks, two saloon sofas, coffee
table, Sharp TV, Goldstar microwave oven, Panasonic DVD-LV55 portable
DVD player, AIWA stereo, Pioneer CT-W302R double cassette deck,
Pioneer PD-M423 CD player, Pioneer VSX-Y0Z AV receiver, Whirlpool
trash compactor, GE refrigerator, Modern Maid 4-burner electric
range, Modern Maid dishwasher, various kitchen appliances, Instant
water heater, garbage disposal, four Cruis-Air air-conditioners,
six shore power inlets, two water pressure inlets, foredeck sun
pad and bench, Galley Maid electric windlass, transom and foredeck
spigots, chocks, cleats, folding side boarding ladder, two TV/telephone
inlets, foredeck hatch, deck wash down fitting, six AC source
selector switches, six AC ammeters, three AC voltmeters, three
windshield wipers, Simrad RA41 bottom scope, Simrad CP40 chart
plotter, second video monitor, Datamarine 2200 Navigator Knotlog,
Air Temp thermometer, VDO wind direction and speed instruments,
inclinometer, Sea-Temp instrument, Datamarine 2650 Kodiak fathometer,
remote spotlight, Simrad Robertson AP20 autopilot, Ritchie compass,
rudder angle indicator, Modar Triton 55/75 VHF, Raytheon Ray 350
loud hailer, Stephens SEA 116 SSB, lower helm engine instruments
include two tachometers, two oil pressure, two drive oil, two
water temperature and two volts, push/pull cable engine controls
with dual levers, Boston ship’s clock and barometer, five
electrical converters below lower helm, hydraulic steering with
flybridge and lower helms, 32-volt DC voltmeter, fiberglass tank
aft, lead ballast aft, Toshiba TV, Village Marine water maker,
vanity desk, electric head, shower enclosure with tub, second
electric head, second shower enclosure, fiberglass tank under
inboard berth in port cabin, split engine rooms, two Galley Maid
electric waste pumps, hour meters – starboard engine 1759
and 959, AC generator 1458 and 2329, Racor fuel/water separator
filters, engine room lights, drive oil psi. gauges in engine rooms,
fuel tank(s) in passageway bilge (inaccessible), model MM20 Capitol
Gear transmissions, Glendinning engine synchronizer, trim tabs,
two water pressure pumps with accumulator tank, port engine hour
meter 1633 and 962, standby AC generator ammeter, compressed air
collector, electrical sub panels, third electric head, three guest
cabins, dinette, master stateroom aft, fourth electric head and
third shower stall, electro-guard corrosion prevention device,
dock steps
SUMMARY
The
vessel is a fiberglass flybridge motor yacht equipped with two
diesel inboard engines. The purchase and ownership history was
not obtained. No disclosure statement was obtained regarding any
known problems with the vessel, any previous claims or significant
events such as submersions, collisions, fires etc… The vessel
was visually inspected only while afloat in its slip. A sea trial
was not taken; the engines were not test operated and the vessel
was not hauled for survey. The survey included only a very limited
testing of the vessel’s systems and components, for the
purposes of value and condition it is assumed that most systems
function normally. Overall, the vessel appears to be in satisfactory
condition and suitable for its intended purpose as a coastal cruising
motor yacht.
Overall
Summary: Satisfactory
VALUES
ACTUAL
CASH VALUE |
NEW
REPLACEMENT VALUE |
INVESTMENT |
$275,000 |
$1,500,000 |
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.
C
& V Form Key: All systems are rated based upon their appearance,
ratings include: Not examined, Not applicable, Faulty, Marginal,
Satisfactory, Good, Excellent.
RECOMMENDATIONS
1.
Properly secure the hand rail for the transom boarding ladder.
2. There is corrosion visible on the faceplates of the electrical
outlets on the aft deck, thoroughly inspect these components,
service or replace components as necessary, eliminate any leaks
and assure these outlets are protected with G.F.C.I. mechanisms.
3. Service to eliminate the air bubble in the flybridge compass.
4. Service or replace the flybridge VHF which exhibits “no
display”.
5. Certify the life raft per the manufacturer’s recommendations
and properly secure the life raft.
6. The anchor/all around light is taped over; replace the lens
if/as necessary to assure compliance with federal regulations
regarding visibility.
7. Service and prove the masthead/steaming light properly functional.
Check and prove the stern and anchor lights properly functional,
service if necessary.
8. Clean the fuel filter bowls and fuel as necessary as the fuel
filter bowl exhibits “cloudy debris”.
9. There are absorbent rags aft and inboard of both engines that
are wet with fuel, determine the source of the fuel, service to
eliminate any leaks and remove/replace the absorbent rags to allow
detection of any future leaks.
10. The port engine’s exhaust system is leaking outboard
and aft of the engine. Service to eliminate the leaks, clean stains
below the exhaust system to allow detection of any future leaks.
11. There is soot on the port engine’s outboard turbo “blanket”,
service to eliminate any exhaust leak.
12. Refill the steering reservoir to its proper pressure; service
the system to eliminate any leaks.
13. Certify the fixed and portable fire extinguishers per N.F.P.A.
recommendations.
14. Provide U.S.C.G. required, approved and current distress signal
flares.
NOTES
1.
Repair the broken handle to the sliding door between the saloon
and the aft deck.
2. There are crystalline deposits on many seawater components
including through hulls, sea strainers and the engines’
seawater pumps. Remove the crystalline deposits, clean as necessary
to allow careful inspection and service or replace component as
needed.
3. A few hoses exhibit age related damage including hoses to starboard
in the master stateroom. Inspect and replace as necessary. Many
hoses have apparently been replaced.
4. At the time of this survey, the shower sump pump’s float
switch was inoperative and the sump was full of water. Service
and prove the automatic function of the sump pump.
5. The vessel is equipped with fiberglass fuel tanks; there are
recent reports of damage to the interior of similar tanks apparently
due to exposure to ethanol. The existence of any damage to the
interior of these tanks is beyond the scope of this survey.
6.
Several through hull valves are seized, free-up and prove all
through hull valves properly functional.
7. There are unused, exposed wires on the starboard forward engine
room hull side; there is a blower in this location on the port
side. Return the missing blower and install it.
8. There appears to be a float switch for a high water alarm in
the bilge forward of the starboard engine, when lifted nothing
was heard. I strongly encourage the repair or installation of
a high water alarm.
9. The generators were not seen, there is an area below the port
forward cabin and forward dinette that may house the generators;
it was not accessed.
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 Date
