C
& V SURVEY
Condition & Valuation
Client:
Removed for privacy
Date of report: Removed for privacy
Our file #: Removed for privacy
Location:
Marina
Baja California, Mexico
Date of inspection: March 16th 2007
Builder:
Swan
Model/type: Swan 61
Year: 1987
Length: 61’
Draft: 7’ 2”
Beam: 16.8
Hailing Port: Removed for privacy
Doc. #: Removed for privacy
Name: Removed for privacy
HIN: Removed for privacy
Engine/MFG: (1) Yanmar model 4JH2DTE
H.P. per: 124
Serial number: Removed for privacy
Type of instal. : Diesel, 4-cylinders, inboard, freshwater
cooled, turbocharged
Generator: Northern Lights
The
vessel was inspected while hauled. Hull construction material
is molded fiberglass. Deck is constructed of teak planks over
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
– excellent. The vessel’s weight is 65,000 lbs.
Vessel weight and engine specifics were reported by insured.
Exterior rails and hardware appear good – excellent.
Mast, mast step, standing rigging and chain plates, where
visible, appear good – excellent. Cosmetic condition
of vessel appears excellent externally and excellent internally.
Vessel’s external colors are white with blue boot stripes
and blue cove stripe. Hull bottom has blue anti-fouling paint.
Below waterline through hull fittings appear good. The vessel
is equipped with two manual and one electric/automatic bilge
pumps that appear good and the bilge is holding minimal water
and fuel. The ventilation system consists of blowers and natural
ventilation and appears good. General housekeeping appears
excellent.
Summary:
Good – Excellent
Engine
external surfaces appear good and exhibit no rust, oil or
coolant leaks. Engine hour meter exhibits 466-hours. Motor
mounts appear satisfactory – good. Cooling system appears
good. Fuel system and components appear good. Exhaust system
and components appear good. Electrical system and components
appear good. Engine control system appears good and shaft
log appears good. Steering control system appears good and
rudder port appears good. Propulsion components appear good.
Generator surfaces and motor mounts appear good. Generator’s
peripheral components and systems appear good. 8 KW Northern
Lights model 8434-30750C with 1,790 hours on meter. Waste
system and components appear good. General service seawater
systems appear good.
There
is 286-gallon capacity in three stainless steel tanks, located
in saloon 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
shutoff valves are located at manifold in saloon sole and
appear good.
Summary:
Good – Excellent
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 switch. DC wiring appears good.
Circuit protection for the AC and DC branch system appears
good. Wire terminations and connections appear good. Wire
organization and arrangement appears good.
Vessel
has four portable fire extinguishers, three with current and
one with expired certification. Vessel has no fixed fire suppression
system. The safety components include: numerous PFDs including
inflatables with strobes and one horseshoe buoy with MOB strobe
light; distress flares with current certification; 8-man life
raft with current certification (below cockpit hatch –
not inspected); a 75 lb. stainless steel CQR anchor aboard
with a 200’ and 300’ chain and appears good, 75
lb. CQR and a large Fortress which were not aboard. Navigational
and anchor lights appear good. Other safety equipment includes
MOM8-A, life sling, 406 MHz EPIRB and two radar reflectors.
Summary:
Good – Excellent
Vessel
is equipped with LP gas which fuels the galley range. Tanks’
external appearance is good – excellent and they are
properly secured. Ventilation appears good. Tank valves were
opened and an odor was not noticed. Feed line is equipped
with a reducing regulator, a pressure gauge and an electric
shutoff solenoid and feed lines appear good.
The
vessel was not inspected at its normal slip location.
ELECTRONICS,
TENDER(S), ACCESSORIES
Accessories
include: Spurs line cutters, kelp cutter for rudder, dodger,
Navtec hydraulic backstay tensioner, bimini top (currently
down), satellite antenna mast, outboard mount on stern rail,
ICOM AT-140 automatic antenna tuner, transformer, two shore
power cords, spreader lights, foredeck floodlight, windex,
TV directional antenna, insulated backstay, 50A/125/250V inlet
to starboard aft of cockpit, electric cockpit winches include
two Lewmar 66, two Lewmar 55, two Lewmar 46, and one Lewmar
65, turning blocks and various deck sailing hardware, passerelle,
Simrad AP26 autopilot, Aquatic AV stereo remote control, engine
instrumentation includes tachometer, oil and temperature,
Raymarine C120 multi-function instrument (plotter/radar),
fuel tank level gauge, Side Power bow thruster, Sitex Navigate
instrument, B & G Hydra 2000 multi-function instrument,
Suunto compass, cockpit VHF (not installed), two aft deck
hatches, aluminum toe rails, Navtec hydraulic boom vang, B
& G instruments include wind speed, boat speed, magnified
wind and wind direction, cockpit speakers, two spinnaker poles,
four Lewmar 46 self tailing winches (2-covered today), Reckman
roller furling main sail assembly, roller furling main sail,
six foredeck hatches, double anchor roller, Reckman master
roller furling head sail assembly, Reckman roller furling
inner headsail assembly, Lofrans electric windlass, wash down,
Weems & Plath ship’s clock and barometer, master
vanity, manual and electric aft shower sump pumps, Wild Thing
bear, water tank level gauge, Xantrex 1800 watt inverter,
Newmar 32-12-15C electrical converter, main electrical distribution
panel includes AC source selector switch, AC voltmeter, AC
ammeter, two DC ammeters, DC voltmeter, Xantrex Link 2000
inverter controller, branch AC & DC fuses and generator
control panel, genset panel includes oil psi., temperature,
volts and hour meter, Sea Recover Aqua Whisper water maker,
head foot water pump, cabin fans, Reverso oil change system,
flexible propeller shaft coupler, water heater, ZF Hurth transmission
model AZG6A 2.5 (serial number 23449M), water heater, three
12V gel batteries below chart table seat, chart table, computer
printer by HP, Simrad AP26 autopilot, Uniden ES VHF, ICOM
IC-M802 HF transceiver, Dell computer flatscreen monitor,
B & G Hydra 2000 unit, ICOM IC-M45 (cockpit) VHF, Dell
computer, safe, two keyboards, Kenyon Sestrel hand bearing
compass, second ship’s clock and barometer, hygrometer,
Ritchie Powerdamp compass, internal sea strainers, double
galley sink, Emerson MW8115 stainless steel microwave oven,
refrigeration unit with three entries, Force 10 3-burner LP
gas range, two galley foot pumps for freshwater and cooler/icebox
drain, galley exhaust fan, three Racor fuel/water separator
filters, fuel manifold, electric fuel pump for generator,
icemaker, Jensen TV, Aquatic AV stereo system with Bose speakers,
heart interface freedom 25 inverter, smart alternator regulator
V3, ship’s vacuum, second manual head, second electric
and manual shower sump pump, raw water wash down pump, water
pressure pump, water pressure accumulator tank, third manual
head, third manual and electric shower sump pumps, crew cabin
sink, feathering 3-blade bronze propeller, 277-gallon water
capacity, two larger 12V gel batteries, binoculars, sails
– 3-years old, suit of 4 dacron-North, new suit of North
3 DL sails awaiting retrieval, lost of components stored aft
of vessel, cockpit cushions, swim step (side mount)
The
vessel is a fiberglass performance cruising sailboat manufactured
in Finland to a German Frers design. The client reports that
fourteen of this model vessel were built. The vessel is equipped
with a diesel inboard engine. The client purchased the vessel
in January 2006 in Newport, Rhode Island. The vessel underwent
a 3,000-hour (reported) restoration at Jamestown Boat Yard.
Among the restoration projects was a blister repair to the
hull, rebuilt rudder, removal and replacement of tankage along
with cleaning of the bilges, replaced heads and sanitation
system, rework of freshwater plumbing system, reconfigured
and/or repaired charging system, replaced the galley stove
and the entire propane system, serviced motors, through hulls,
pumps, running gear, water maker, refrigeration systems etc…
The rigging was serviced. Carpentry work included replacement
of the companionway steps, reconfiguring the galley and miscellaneous
joinery and veneer work. The vessel was then sailed to Florida
where it was shipped to Ensenada, Mexico. Baja Naval Boat
Yard in Ensenada, Mexico has painted the hull, deck and superstructure,
varnished extensively, installed a bow thruster and are currently
installing new glass in the deck hatches. The vessel was inspected
while hauled. The vessel was not taken on a sea trial or sailed;
the engine, transmission and generator were not test operated.
All components are reportedly and assumed to be properly functional.
The vessel appears to be structurally sound. The vessel is
in excellent cosmetic condition. The owner exhibited extensive
knowledge of the vessel and its systems. The vessel is well
suited for its intended purpose as a coastal and offshore
cruising vessel.
Overall
Summary: Good – Excellent
VALUES
ACTUAL
CASH VALUE - $1,175,000
NEW
REPLACEMENT VALUE - $2,700,000
INVESTMENT
- $1,300,000
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.
1.
Provide and install a locking ring for the shore power cord,
which is currently in use.
2. Complete the installation of the cockpit VHF and prove
it properly functional.
3. Service and prove the horn properly functional.
4. Complete re-commissioning procedures including attaching
the anchor to the rode, replacing components which are currently
removed including hatches etc…
5. Provide and install suitable covers for all primary battery
connections including battery terminals and the winch connections
exposed in the starboard locker in the master stateroom.
6. Determine the significance of the electrical component
disconnected from the transmission, address appropriately.
7. Service to eliminate the fuel leak apparent atop the starboard
forward saloon bilge fuel tank. Clean the fuel from the tank
and the bilge to allow detection of any other leaks.
8. Display the documentation number per federal regulations.
1.
The anchor rode locker was not accessed during the survey.
2. The heat exchanger hoses between the water heater and the
engine are damaged by the hose clamps at the engine, address
appropriately.
3. The engine’s sea strainer exhibits surface corrosion,
service 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 Date
S.A.M.S. – A.M.S. # 301
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1276 Scott Street
San Diego, CA 92106
800-944-4789
619-223-7380
kellschristian@cox.net
Call for individual surveyor's cell numbers
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