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C & V SURVEY
Condition & Valuation

Client: Removed for privacy
Date of report: October 3rd 2006
Our file #: 06 - 25433

Location: Marina xxx
San Diego, CA 92101
Date of inspection: September 27th 2006

VESSEL DESCRIPTION

Builder: Removed for privacy
Model/type: Escape 76/Catamaran
Year: 2006
Length: 76.5’
Draft: 4’
Beam: 28.5’
Name: Removed for privacy
HIN: Removed for privacy
Doc. #: Removed for privacy
SV Engine/MFG: (2) Cummins 6CTA83-M3
H.P. per: 450
Serial numbers: P – 45459729 S – 45697670
Type of instal. : Diesel, 6-cylinders, fresh water cooled, turbocharged, inboard, after cooled
Generator: 8KW & 20 KW Northern Lights


HULL & STRUCTURE

The vessel was inspected while afloat. Hull construction material is cored fiberglass. Deck and above deck structures are constructed of cored fiberglass. Coring is Divynicell foam. Bulkheads are constructed of cored fiberglass. Overall condition of the hull structure appears good. Cross members are fiberglass and plywood “club sandwich” construction. The vessel’s weight is reportedly 85,000 lbs. Exterior rails and hardware appear good. Mast, mast step and standing rigging are not installed. Chain plates, where visible, appear good. Cosmetic condition of vessel appears satisfactory externally and satisfactory internally. Vessel’s external colors are white. Below waterline through hull fittings appear good. The vessel is equipped with eight electric/automatic bilge pumps that appear good and the bilge is holding minimal water. The ventilation system consists of natural ventilation and appears satisfactory. General housekeeping appears good but the project is not yet completed.

Summary: Good – Excellent

MACHINE SYSTEMS

Engines external surfaces appear good and exhibit no rust, oil or coolant leaks. Engine hour meters were not energized. Motor mounts appear good. Cooling systems appear good – excellent. Fuel systems and components appear good – excellent. Exhaust systems and components appear good – excellent. Electrical systems and components appear good – excellent. Engine control systems appear satisfactory, the reservoir pressure is low and shaft logs appear good. Steering control systems appear good and rudder ports appear good – excellent. Propulsion components were not examined. Generators surfaces and motor mounts appear excellent. Generator’s peripheral components and systems appear excellent. Generator is an 8 KW Northern Lights model M753W2.3 with serial number 7532-37143C. Second generator is a 20 KW Northern Lights model M844LW2.3 and serial number 8442-37494C. Waste systems and components appear excellent. General service seawater systems appear good.

Summary: Good – Excellent

FUEL SYSTEM

There is 2100-gallon capacity in four fiberglass tanks, located forward of both engines and forward in both hulls. Fuel tank surfaces, where visible, appear excellent and the securing mechanism appears excellent. The fuel fill, vent, feed and return lines and components appear excellent.

Summary: Excellent

ELECTRICAL SYSTEMS

The AC shore cords, inlets and connections appear good. The AC wiring and outlets appear good. The AC main feeds 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 – excellent. Wire terminations and connections appear good. Wire organization and arrangement appears satisfactory.

Summary: Good

SAFETY AND LIFE SAVING

Vessel has three portable fire extinguishers tagged 2005 or purchased 11/2004. Vessel has two Sea Fire FM-200 units in the engine rooms and one at the electrical panel. The safety components include: fifteen PFDs and no throwable PFDs were sighted; distress flares were not seen; two anchors (reported – one seen). The anchor rode is not aboard. Navigational lights appear satisfactory, but were not tested. No anchor light is installed. Other safety equipment includes a canister air horn.

Summary: Satisfactory

DOCKING

The vessel was inspected at its normal slip location. Line condition and arrangement appears good. Boarding hazards appear insignificant.

Summary: Good

ELECTRONICS, TENDER(S), ACCESSORIES

Accessories include: Captain’s auxiliary bunk, flybridge venturi windscreen, Ritchie Powerdamp compass, nine solar panels, Furuno 300 search light sonar, two Navnet C-MAP NT Max multi-function units, flybridge helm station with engine instruments including two tachometers, two oil pressure, two water temperature, two gear oil pressure and two volts, Furuno Navpilot autopilot, Uniden ES VHF, stainless steel radar arch, aft floodlights, one DC bait pump, one bait tank, one AC bait pump, macerator fish box drain pump, internal sea strainers, two swim platforms, two transom doors, shore power cord, two shore power 150A/120/240V inlets outboard in cockpits, port cockpit spigot and hose, air compressor for tools, PYI propeller shaft, CV couplers, dripless shaft seals, ZF type IRM280A transmissions – ratio 1.960/1 – port serial number 95-17855, starboard serial number 97-11197, two Atlantic Marine T20E water heaters with heat exchangers, two fuel polishing systems with electric pump and Racor fuel/water separator filters, engine room tachometers, temperature and oil pressure, Phase Three PT-24-20CE battery charger, Newmar ABC 12-25 battery charger, six underwater lights, fighting chair, starboard cockpit spigot and hose, Floscan fuel monitor system, two Barient 32 self tailing winches, three section refrigerator/freezer on aft deck, various rod holders, vacuum bag sealer, two Lewmar 65 self tailing winches, forward bait tank, eight foredeck hatches, hydraulic winch, two Muir hydraulic windlasses, anchor rode cable spool, two anchor rollers on each hull, chocks, bow bits, opening port lights, bar trash compactor, wet bar to starboard aft, center sponson forward, garbage disposal, ship’s clock and barometer, U-Line U-C02075FB-00 refer, 24V to 12V converter, generator instruments include two temperature, two oil psi., two volts and two hour meters, pilothouse helm instruments include two Floscan instruments, two oil pressure, two water temperature, two gear temperature and two exhaust temperature, Furuno Nav Pilot autopilot controller, inverter remote controller, 4800 watt Newmar inverter, DC voltmeter, DC ammeter, AC voltmeter, AC ammeter, AC hertz meter, AC source selector slides, LG microwave oven, three Tecma heads, day head, Newmar 32-12-25 battery charger, second (redundant) autopilot pump, hydraulic steering, hydraulic engine controls, granite counter tops, GE Profile microwave/convection oven, 5-burner GE electric range, GE Profile dishwasher, three galley refrigeration units, trash compactor (pending installation), Sony DAV-DX150 DVD, Toshiba SD-V393 VCR/DVD, Toshiba TV, three flat panel TVs (not aboard), two Jacuzzi type tubs, two Headhunter XCalibur water pressure pumps, Asko clothes washer and dryer (dryer pending installation), two holding tanks, clothes wash room sink, two electric macerator waste discharge pumps, two shower enclosure with glass doors, Air Marine wind generator (pending installation), shower sump pump and collector, refrigeration unit in starboard hull (pending installation), fiberglass tender, tuna tubes

SUMMARY

The vessel is a custom fiberglass catamaran motor sailor equipped with two diesel inboard engines and two diesel generators. The client states that he and removed for privacy manufactured the vessel. Client stated that he has ownership of several (previous) removed for privacy tools and the superstructure and flybridge were constructed using those tools. The hulls were manufactured based on a mold pulled from a removed for privacy hull. The components have been modified to function in this particular design. The vessel is made of foam cored fiberglass with various thicknesses and numbers of laminate/core depending upon need. There are also reportedly single skin areas including areas about the struts. The hulls were made in female molds. The entire vessel has been painted with Awlgrip; no gelcoat was used. The client stated that the vessel has been constructed over the past four – five years. The pieces were manufactured in North San Diego County and the vessel was assembled at Driscoll, Mission Bay Boatyard. The client has used the vessel several times since assembly. The client states that he has purchased the mast but will not install the mast for several months. The vessel was inspected while afloat in a slip. No machine systems were test operated. No sea trial was performed and the vessel was not hauled for survey. Upon completion of the recommendations and the last construction details, the vessel should be suitable for its intended purpose as a coastal cruising and long range fishing vessel.

Overall Summary: Good

VALUES

ACTUAL CASH VALUE - $1,500,000

NEW REPLACEMENT VALUE - $2,500,000

INVESTMENT - $700,000 (plus 4 years labor)


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. Remove rust stains and moisture from atop the port strut bolts, determine if any leaks exist, service as necessary to eliminate any leaks and clean the stains to allow detection of any future leaks.
2. Complete the installation of the fixed fire extinguishers, assure that they have sufficient coverage for the intended area of use and determine the best method of addressing open engine room ventilation ports.
3. Mechanically secure the bilge pumps and make sure they are functional in the automatic mode; they were not tested during the survey.
4. Provide and install face plates on the various electrical components currently without face plates including outlets in the engine room and outlets and switches throughout the interior of the vessel.
5. Complete the installation of the Floscan system and the fuel level gauges.
6. The port starter cables are in contact with a sharp metal edge at the mounting base for the solenoid; modify to eliminate potential for chafe damage.
7. Properly secure the portable fire extinguishers located in the engine rooms and the interior of the vessel.
8. There is an apparent fluid leak at the starboard engine control actuator; the pressure in the engine control reservoir is low. Service to eliminate any leaks and return the system and reservoir to the proper pressure, test and prove system properly functional.
9. Replace the starboard transmission oil hose as it has three spots that exhibit chafe damage; modify if necessary to prevent future damage.
10. There are at least two locations on the starboard engine room bulkhead forward where fuel hoses are in contact with sharp edges of hose clamps; modify these components and check other fuel components, particularly forward in the port engine room and eliminate any similar conditions.
11. Complete the installation of the hydraulic system including the securing of the base of the davit, completion of the installation of the windlasses, testing and proving all components.
12. Connect the forward fuel tank fill hoses to their deck fittings, or block of the deck fittings to prevent accidentally filling the hull. The forward fuel tank fill hoses are disconnected from the deck fittings.
13. Provide and install the missing fasteners in the two stanchion bases for the port forward bow rail.
14. Utilize the unused fastening holes for the port bow bit, as not all holes are in use.
15. Complete the installation of the anchor cable reel.
16. Certify all portable fire extinguishers per N.F.P.A. recommendations.
17. Provide U.S.C.G. required, proved and current distress signal flares.
18. Assure that the anchors are properly mounted; the anchor rode is aboard and attached to the anchors and the vessel as necessary.
19. Prior to any extended offshore cruising, assure that the vessel is equipped with suitable safety devices, consider life raft, EPIRB, safety harnesses, jack lines, MOB pole, MOB light, first aid kits etc…
20. Provide an anchor light; prove it properly functional.

NOTES

1. There is an extensive amount of finish work, which is pending completion on the exterior of the vessel, flybridge and interior. Finish work includes cosmetic fairing, painting, carpeting, hatch handles, wallpaper etc…
2. The shore power cord and inlets have no locking rings; assure the shore cords comply with applicable A.B.Y.C. recommendations.
3. Remove the fluid from on top of the port transmission and the port engine’s outboard aft motor mount. The client reports a prior leak caused this oil accumulation.
4. Service to eliminate the water leak at the port water heater. Provide and install hoses to both water heaters’ pressure relief valves to drain the water away from the heaters.
5. The engine room primary ventilation is via vents cut in the bottom of the superstructure located between the hulls, forward of the engine rooms. This area is currently extremely moist; the client stated his intention to install dorades in this area. Assure that the moisture accumulation is acceptable and no significant water intrusion can occur or modify this system.
6. The starboard steering components have no pins installed in their primary pin connectors; the port side was not inspected for safety pins. Consider installing safety retaining devices in the primary steering components’ pins.
7. There is currently water in the hull aft of the starboard fish box, the source of the water is beyond the scope of this survey. Determine the source of the water, eliminate the source and remove the water to allow detection of any future leaks.
8. The starboard engine’s through hull valve handle is currently loose on the stem and the handle is in an awkward location, modify to allow the valve to be used.
9. The tender cradles are not currently installed.
10. The dishwasher at the wet bar is not currently installed.
11. A second set of Rolls batteries are pending installation.
12. Wires and cables at the DC distribution panel are pending bundling and securing.
13. The enclosures for both Jacuzzi tubs are pending installation.
14. There are at least two unused and uncapped through hulls. Either use these components or provide and install threaded caps or plugs.
15. A hose is cut near an electric water pump in the port forward cabin bilge, determine the significance of this condition and rectify.

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


1276 Scott Street
San Diego, CA 92106

800-944-4789
619-223-7380

kellschristian@cox.net

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