C
& V SURVEY
Condition & Valuation
Client:
Removed for privacy
Date of report: April 16th 2007
Our File #: 07-25594
Location:
XXXX
XXX Street Afloat: April 13th 2007
XXXX, CA 91910
Date of inspection: March 29th 2007
VESSEL
DESCRIPTION
Builder:
Jeanneau
Model/type: Racing Trimaran
Year: 1994
Length: 60’ *
Draft: 12’ 6” *
Beam: 45’ *
Hailing Port: Not on hull
Name: Removed for privacy
HIN: Removed for privacy
Reg. #: Removed for privacy
Engine/MFG: Volvo Penta
H.P. per: 35 (approx.)
Serial number: Removed for privacy
Type of instal. : Diesel, 4-cylinders, freshwater cooled,
sail drive
*Reported
HULL & STRUCTURE
The
vessel was inspected while hauled and afloat. Hull construction
is fiber reinforced plastic. Deck is constructed of fiber
reinforced plastic. Coring material is unknown. Bulkheads
are constructed of foam cored fiberglass. Overall condition
of the hull structure appears excellent. The hull bottoms
and beams were percussion sounded and there were no significant
audible differences. There were no stress fractures sighted
at hull to beam connections or interior framing. Exterior
rails and trampoline appear excellent. Mast, mast step, standing
rigging (stainless steel rod) and chain plates, where visible,
appear good - excellent. Mast is constructed of carbon fiber.
Cosmetic condition of vessel appears excellent externally
and excellent internally. Vessel’s external colors are
off white with a gray boot stripe. Below waterline through
hull fittings appear excellent. The vessel is equipped with
one manual and two electric/automatic bilge pumps that appear
satisfactory and the bilge is dry. The ventilation system
consists of one blower and natural ventilation and is currently
being installed.
Summary:
Excellent
MACHINE
SYSTEMS
Engine
external surfaces appear satisfactory and exhibit no significant
rust, oil or coolant leaks. Engine hour meter exhibits 361-hours.
Motor mounts appear good. Cooling system appears satisfactory
but the seawater discharge hose in chafing on the water pump’s
hose connection hose clamp. Fuel system and components appear
good. Exhaust system and components appear satisfactory –
good. Electrical system and components appear good. Engine
control system appears good. Steering control system appears
excellent and rudder ports appear good. Sail drive components
appear satisfactory – good. Waste system and components
appear excellent (new self contained head is being installed).
General service seawater systems appear excellent (new water
maker and through hull).
Summary:
Good
FUEL
SYSTEM
There
is 20-gallon (approximately) capacity in one stainless steel
tank located in lazarette. Fuel tank surfaces, where visible,
appear satisfactory and the securing mechanism appears satisfactory.
The fuel fill, vent, feed and return lines and components
appear marginal – satisfactory as there is significant
deterioration to the vent and supply hoses. Fuel shutoff valves
are located at the tank and appear satisfactory.
Summary:
Satisfactory
ELECTRICAL
SYSTEMS
Shore
power is an extension cord to battery charger only. Battery
arrangement appears satisfactory. Batteries are equipped with
a disconnect switch. DC wiring appears good. Circuit protection
for the DC branch system appears good. Wire terminations and
connections appear good. Wire organization and arrangement
appears good.
Summary:
Good
SAFETY
AND LIFE SAVING
Vessel
has three portable fire extinguishers with expired certification.
Vessel has no fixed fire suppression system. The safety components
were not on board during the inspection but equipment is reportedly
new and includes: six person life raft and EPIRB with current
certification, new PFD suspenders with whistles and strobe
lights, new jacklines and tethers, MOB module and Solaris
signal flares. As the vessel is scheduled for racing, it will
conform to both Transpac and Ocean Racing Council safety requirements
that far surpass U.S.C.G. requirements. Distress flares with
current certification and two anchors with chain and line
were aboard.
Summary:
Excellent
DOCKING
The
vessel was inspected at its normal slip location. Line condition
and arrangement appears insignificant. Boarding hazards appear
insignificant. All entry points are reportedly kept locked.
Other security consists of a gated marina.
Summary:
Good
ELECTRONICS,
TENDER(S), ACCESSORIES
Accessories
include: Garmin 182C chart plotter, Ockam Matrix system, Raymarine
C80 GPS plotter, radar, video fathometer, ICOM IC-M45 VHF,
single side band, satellite telephone (electronics were pending
completion of installation at the time of the survey), Blue
Seas 8248 multi-meter battery monitor, Spectra water maker,
StatPower True Charge 20 battery charger, single basin sink,
2-burner butane range, Profurl roller furling, Harken winches:
two # 74 racing, two # 64 and one # 74-3, kevlar sails: main,
staysail, solent, downwind solent, light air down wind, reach,
heavy reach
SUMMARY
The
vessel is a semi custom built trimaran built by Jeanneau and
originally built for and used in the movie removed for privacy.
The client reportedly purchased the vessel in 1998 and restored
the vessel to its original design racing configuration. The
vessel is undergoing upgrades including waste system, galley
and water maker to conform to the Transpac (racing) requirements.
New electronics were being installed at the time of inspection.
The vessel appears structurally sound and suitable for its
intended purpose as a long range competitive ocean racer.
Overall
Summary: Good – Excellent
VALUES
ACTUAL
CASH VALUE - $400,000
NEW
REPLACEMENT VALUE - $1,500,000
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 fuel supply, vent and return hoses due to deterioration.
2. Provide chafe protection on the engine’s raw water
supply hose at the raw water pump.
3. Assure all U.S.C.G. required safety equipment is aboard
the vessel prior to use.
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. George Jarvie, Surveyor
