C & V SURVEY
Condition & Valuation
Client:
Removed for privacy
Date of report: September 25th 2009
Our file #: Removed for privacy
Location:
California
Date of inspection: September 25th 2009
VESSEL
DESCRIPTION
Builder:
Symbol Yacht Co.
Year: 1990 (model year)
Model/type: Symbol 53
Doc. #: Removed for privacy
Length: 52’ 8” *
Draft: 3’ 7” *
Beam: 17’ 1” *
Name: Removed for privacy
Hailing Port: Removed for privacy
HIN: Removed for privacy
Engine/MFG: Two Caterpillars
H.P. per: 425
Serial numbers: P – Removed for privacy
S – Removed for privacy
Type of instal. : Diesel, 8-cylinders,freshwater cooled, inboard
* Documentation Generator: Kohler
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 satisfactory with
no fractures or delaminated fiberglass tabbings seen. The
vessel’s weight is unknown. Exterior rails and hardware
appear good, except the chain locker deck hatches have had
the securing latches removed. Cosmetic condition of vessel
appears satisfactory externally and good internally. Vessel’s
external colors are white with a blue accent stripe. Below
waterline through hull fittings appear satisfactory but there
is an unused through in the port side transom and aft of the
port engine that is not mechanically sealed. The vessel is
equipped with three electric/automatic bilge pumps that appear
satisfactory except the aft bilge pump’s automatic switch
is not functional. The bilge has minimal standing water with
more to aft where the bilge pump is not working. There is
light debris in the bilges that can potentially obstruct the
function of a bilge pump. The ventilation system consists
of forced air and natural and appears satisfactory. General
housekeeping appears good.
Summary:
Satisfactory
MACHINE SYSTEMS
Engine
external surfaces appear satisfactory and exhibit no significant
corrosion. Engine hour meters exhibit P – 648, S –
655 hours. Motor mounts appear good. Cooling systems appear
satisfactory except the port engine’s raw water pump
exhibits signs of leaking, there is moderate salt build up
about transmission cooler gaskets and seawater discharge hoses
to exhaust are due for replacement. The bow thruster’s
oil cooler exhibits corrosion about the zinc fitting. Fuel
systems and components appear good. Exhaust systems and components
appear satisfactory except for corrosion on the stainless
steel bulkhead tubes and hull discharge through hulls. Electrical
systems and components appear good. Engine control systems
appear good and shaft logs appear satisfactory but the raw
water supply hose clamps are corroded. Steering control systems
appear satisfactory except for corrosion on the rudder support
frame and rudder ports appear satisfactory but both rudder
ports exhibit weeping water from the seals. Propulsion components
were not inspected externally (vessel was not hauled). Generator
surfaces and motor mounts exhibit isolated areas of rust.
Generator’s peripheral components and systems appear
satisfactory. Waste system and components appear satisfactory.
General service seawater systems appear satisfactory but most
hoses appear original and are nearing the end of their serviceable
life.
Summary:
Satisfactory
FUEL
SYSTEM
There
is an 805 gallon capacity in four black iron tanks located
outboard of engines, below the master berth, and in the lazarette.
Fuel tank surfaces, where visible, appear faulty – satisfactory
as there is significant corrosion on the lazarette tank’s
surfaces and it appears there is fuel residue on the tank’s
shelf. Fuel tank securing is satisfactory. The fuel fill,
vent, feed and return lines and components appear satisfactory
but fill hoses are near the end of serviceable life and sight
gauges are aged and brittle. Fuel shutoff valves are located
at the tanks and forward bulkhead and appear good.
Summary:
Marginal – Satisfactory
ELECTRICAL
SYSTEMS
The
AC shore cord was not separated from the inlet. The AC wiring
and outlets appear good. The AC main feed are protected with
circuit breakers. Battery arrangement appears satisfactory.
Batteries are equipped with a disconnect switch. DC wiring
appears good except there are two positive battery cables
(2nd battery aft) with significant deterioration and most
battery cables are not marked indicating they are marine grade
wire. Circuit protection for the AC and DC branch system appears
excellent. Wire terminations and connections appear satisfactory.
Wire organization and arrangement appears good.
Summary:
Satisfactory
SAFETY
AND LIFE SAVING
Vessel
has six portable fire extinguishers with expired certification.
Vessel has one fixed fire suppression system with expired
certification. The safety components include: thirteen adult
and three youth PFDs and one throwable PFD; distress flares
were not seen; suitable first aid kit; one anchor with chain
and line rode that appears satisfactory. Navigational and
anchor lights appear satisfactory.
Summary:
Satisfactory
LP
GAS SYSTEMS
Vessel
is equipped with LP gas that fuels the range. Tank was not
inspected as it is stowed within a plywood box. Ventilation
appears marginal as the vent hose has a high loop. Tank valves
were opened and an odor was not noticed. Feed line is equipped
with a reducing regulator and an electric shutoff solenoid
and feed lines appear satisfactory.
Summary:
Satisfactory
DOCKING
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 a gated marina.
Summary:
Good
ELECTRONICS,
TENDER(S), ACCESSORIES
Accessories
include: Xantrex 40-amp True Charge, Trace inverter/charger,
Norcold Tek II freezer, six & ten gallon water heaters,
double basin stainless steel sink, Modern Maid 3-burner range/grill,
Danby microwave, White Westinghouse refrigerator/freezer,
J.C. Penny microwave oven, Phillips 28” (approx.) TV,
Toshiba SD-3950 DVD player, Kenwood KDC-MP228 stereo, U-Line
icemaker, AC/DC volt-amp meters, Trace RC7 remote control
panel, Brooksonic TV with built in DVD player, aluminum outriggers,
three and nine rod rocket launcher type rod holders, six transom
rod holders, plastic bait tank, fiberglass swim platform with
swim ladder, Raytheon R41 radar, hydraulic trim tabs, Danforth
compass, Simrad ECC-206 color sounder, Raytheon V820 color
sounder, Raytheon Ray 90 VHF, RayNav 780 loran, Garmin 215
GPS MAP, Robertson AP200DL autopilot, Uniden MC620 VHF, Royal
Mariner bronze clock and barometer, bimini top with isinglass
enclosure, fiberglass aft deck hard top with isinglass enclosure,
Maxwell electric windlass, Brower davit, Achilles tender with
HIN ACH00078B292, Mercury 5 h.p. outboard with serial number
OA895 (last two digits not legible).
SUMMARY
The
vessel is a fiberglass cockpit motor yacht equipped with twin
inboard diesel engines. The client reportedly purchased the
vessel in 2001 and has installed a new charging system, holding
tank and performed general maintenance. The vessel has low
engine hours (per gauges) for its age. Cosmetics of vessel
appear to be maintained but machinery systems are due for
routine maintenance. Upon completion of the recommendations
the vessel should be suitable for its intended purpose as
a near coastal pleasure cruiser.
Overall
Summary: Satisfactory
VALUES
ACTUAL
CASH VALUE - $200,000
NEW REPLACEMENT VALUE - $950,000
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.
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.
Replace the forward v-berth’s floorboard pull ring,
access the bow thruster, inspect for condition and service
if/as required.
2. Service the aft bilge pump and prove it properly functional.
3. Have a qualified technician inspect the aft fuel tank due
to significant corrosion and service as required.
4. Have a qualified electrician replace the deteriorated battery
cables on the second battery and inspect all battery cables.
Assure all battery cables are suitable for continued use,
or replace as required.
5. Service to eliminate any apparent leaks on the port engine’s
raw water pump.
6. Service the engines’ transmission coolers and bow
thruster hydraulic oil cooler due to salt build-up and corrosion
about the gaskets and zincs.
7. Replace corroded hose clamps on the propeller shaft logs’
raw water supply hoses.
8. Remove corrosion from both engines’ exhaust stainless
steel bulkhead elbows and through hulls, inspect for deterioration
and service/replace as required.
9. Remove surface rust from isolated areas of the generator
and paint to arrest further corrosion.
10. Remove rust from various steel components in the lazarette
(rudder supports and pump mounts), inspect for deterioration
and service as required.
11. Service to eliminate weeping water from both rudder port
seals.
12. Provide chafe protection for the starboard engine’s
raw water hose at the engine mount and both engines fuel hoses
where they rest against the drive belt/pulley cover.
13. Replace fuel sight gauges due to age and deterioration.
14. As most raw water service hoses appear original and are
approaching the end of their service lives; closely monitor
and replace as required.
15. Clean the bilge of debris.
16. Maintain the portable and automatic fire extinguishers
per N.F.P.A. recommendations.
17. Provide federally required, approved and current distress
signal flares.
18. Remove the high loop on the propane storage box’s
vent hose to allow proper venting.
19. Install securing latches on the chain locker’s hatches.
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.
________________________________
September 25th 2009
By: Mr. George Jarvie, Surveyor Date
S.A.M.S. – A.M.S. # 941
