LAKE EFFECT SURVEYING AND CONSULTING 1986 Sabre Sloop Shannara · LLOYD KITTREDGE LAKE EFFECT SURVEYING AND CONSULTING 1986 Sabre Sloop "Shannara" 801 Ivy Street Chesterton, IN 46304

LLOYD KITTREDGELAKE EFFECT SURVEYING AND CONSULTING

1986 Sabre Sloop

"Shannara"

801 Ivy Street Chesterton, IN 46304(219) 926-5186

MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS

Report of Marine Survey

Of The Vessel

"Shannara"1986 Sabre Sloop

Conducted byLloyd Kittredge, Jr. AMS #971

&Lloyd Kittredge, Sr. AMS #796

Lake Effect Surveying & Consulting

PREPARED EXCLUSIVELY FOR:

Greg Freeman

May 20, 2014

MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS

TABLE OF CONTENTS

TOC"Shannara" surveyed by Lloyd Kittredge - Chesterton, IN 46304

SECTION PAGE NO.

I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .INTRODUCTION 1II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .GENERAL INFORMATION 2III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SYSTEMS 4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HULL DECK AND SUPERSTRUCTURE 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CABIN APPOINTMENTS 7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PROPULSION 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FUEL SYSTEM 12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ELECTRICAL SYSTEMS 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FRESH WATER SYSTEM 15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SANITATION 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .STEERING SYSTEM 18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .GROUND TACKLE 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ELECTRONICS AND NAVIGATION EQUIPMENT 20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BONDING SYSTEM 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SAFETY EQUIPMENT 21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .OUT OF WATER INSPECTION 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .LIQUIFIED PETROLEUM GAS SYSTEM (LPG) 23

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .STANDING RIGGING 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .RUNNING RIGGING 24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SAILS 25IV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FINDINGS AND RECOMMENDATIONS 26V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SUMMARY AND VALUATION 27

TOC"Shannara" surveyed by Lloyd Kittredge - Chesterton, IN 46304

I. INTRODUCTION

Page 1 of 28"Shannara" surveyed by Lloyd Kittredge - Chesterton, IN 46304

SCOPE OF SURVEYActing at the request of Greg Freeman, the attending surveyordid attend onboardthe 1986 Sabre Sloop, "Shannara"beginning on , may 20, 2014 at 0900 hours where an ''in-the-water-survey'' WAS NOT conducted at , Crowley's Yacht Yard, Chicago, IL. The ship's papers were on boardand appearedto be in order. The Hull IdentificationNumber (HWS36037I586)WAS verified from the transom. A sea trial WAS NOT performed. An out-of the water inspection of underwater machinery and the exterior of the hulls wetted surface area WAS performed at Crowley's Yacht Yard. The reason for the survey, was to ascertain the physical condition and value of the vessel. Moisture readings taken and referenced throughout the body of the report, were taken with the Skipper Moisture meter. AC and DC power WAS used to check operation of the electrical systems specified in this report only. No reference or information should be construed to indicate evaluation of the internal condition of the engines or the propulsion system's operating capacity. Electronic equipment was checked for ''power up'' only.

This vessel was surveyed without removals of any parts, including fittings, tacked carpet, screwed or nailed boards, anchors and chain, fixed partitions, instruments, clothing, spare parts and miscellaneous materials in the bilges and lockers, or other fixed or semi-fixed items. Locked compartments or otherwise inaccessible areas would also preclude inspection. Owner is advised to open up all such areas for further inspection. Further, no determination of stability characteristics or inherent structural integrity has been made and no opinion is expressed with respect thereto. This survey report represents the condition of the vessel on the above dates, and is the unbiased opinion of the undersigned, but it is not to be considered an inventory or a warranty either specified or implied.

NOTE: It is recommend and understood that all DIESEL engines be surveyed by a qualified Engine Surveyor to determine the condition of the engines, gears and pumps, heat exchangers, coolers, etc.

CONDUCT OF SURVEY:

THE MANDATORY STANDARDS PROMULGATED BY THE UNITED STATES COAST GUARD (USCG), UNDER THE AUTHORITY OF TITLE 46 UNITED STATES CODE (USC); TITLE 33 AND TITLE 46, CODE OF FEDERAL REGULATIONS (CFR), AND THE VOLUNTARY STANDARDS AND RECOMMENDED PRACTICES DEVELOPED BY THE AMERICAN BOAT AND YACHT COUNCIL (ABYC) AND THE NATIONAL FIRE PROTECTION ASSOCIATION (NFPA) HAVE BEEN USED AS GUIDELINESIN THE CONDUCTOF THIS SURVEY.

The use of the word ''appears'' is intended to indicate that a close or complete inspection was not possible or it was not deemed appropriate at the time of this survey. The deficiencies reported herein reflect the conditions observed at the time the survey was conducted.

Use of asterisks * in the body of the report will indicate that a findingwill be listed in the Findings and Recommendationssection pertaining to the asterisked item, following the body of the report.

II. GENERAL INFORMATION

GENERAL INFORMATION


. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FILE NUMBER: 05SAB3686 . . . . . . . . . . . . . . . . . . . . .SURVEY PREPARED FOR: Greg Freeman

. . . . . . . . . . . . . . . . . . . . . . . . . .NAME OF VESSEL: "Shannara" . . . . . . . . . . . . . . . . . . . . . . . . . . .TYPE OF SURVEY: Condition and Value

. . . . . . . . . . . . . . . . . . . .OVERALL VESSEL RATING: **** AVERAGE . . . . . . . . . . . . . . . . . . .ESTIMATED MARKET VALUE: $64,000

. . . . . . . . . . . . . .ESTIMATED REPLACEMENT COST: $328,500 . . . . . . . . . . . . . . .YEAR/MAKE/MODEL OF VESSEL: 1986 Sabre 36' Sloop

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .YEAR BUILT: 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .MODEL YEAR: 1986

. . . . . . . . . . . . .HULL IDENTIFICATION NUMBER (HIN): HWS36037I586 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HAILING PORT: Chicago

. . . . . . . . . . . . . .USCG DOCUMENTATION NUMBER: 691993 . . . . . . . . . . . . . . . . . . . . .USCG DOCUMENTED FOR: Recreation

. . . . . . . . . . . . . . . .STATE REGISTRATION NUMBER: IL 5370 HU . . . . . . . . . . . . . . . . . . . . . . . . . . . .OWNER'S NAME: Greg Freeman

. . . . . . . . . . . . . . . . . . . . . . . . .OWNER'S ADDRESS: 155 N. Harbor Dr. #2410Chicago, IL 60601

. . . . . . . . . . . . . . . . . . . . . . . . . .PLACE OF SURVEY: Crowley's Yacht Yard, Chicago, IL . . . . . . . . . . . . . . . . . . . . . .DATE/TIME OF SURVEY: May 20, 2014

. . . . . . . . . . . . . . . . . . . . . . . . . . . .HULL MATERIAL: FRP (Fiber Reinforced Plastic). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HULL TYPE: Full displacement hull, fin keel and spade rudder.

. . . . . . . . . . . . . . . . . . . .LENGTH OVER ALL (L.O.A).: 36' 0" . . . . . . . . . . . .(LOAD) LENGTH WATERLINE (L.W.L).: 29' 4"

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BEAM: 11' 3" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .DRAFT: 6' 4"

. . . . . . . . . . . . . . . . . . . . . . . . . . . .DISPLACEMENT: 13,200 lbs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .GROSS TONS: 11 GRT

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NET TONS: 10 NRT . . . . . . . . . . . . . . . . . . . . . . .PROPULSION SYSTEM: Sail and auxiliary diesel.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FUEL TYPE: Diesel. . . . . . . . . . . . . . . . . . . . . . . . . . . . .FUEL CAPACITY: Reportedly 30 gallons.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .AC POWER: Yes 110 volt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .DC POWER: Yes, 12 volt.

. . . . . . . . . . . . . . . . . . . . .FRESH WATER CAPACITY: 2 tanks at approx 38 gallons each. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HOLDING TANK: Reportedly 30 gallons.

II. GENERAL INFORMATION

GENERAL INFORMATION(continued)


. . . . . . . . . . . . . . . . . . . .INTENDED CRUISING AREA: Great Lakes mainly Lake Michigan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .INTENDED USE: * Recreational, Offshore Cruising.

DEFINITION OF TERMSThe terms and words used in this report have the following meanings as used in this Report of survey:

APPEARS:Indicates that a very close inspection of the particular system, component or item was not possible due to constraints imposed upon the surveyor(e.g. no power available, inability to remove panels, or requirements not to conduct destructive tests).

FIT FOR INTENDED USE:Use which is intended by Survey Purchaser(present or prospective owner).

SERVICEABLE: ADEQUATE:Sufficient for a specific requirement.

POWERS UP:Power was applied only. This does not refer to the operation of any system or component unless specifically indicated.

EXCELLENT CONDITION:New or like new.

GOOD CONDITION:Nearly new, with only minor cosmetic or structural discrepancies noted.

FAIR CONDITION:Denotes that system, component or item is functional as is with minor repairs. (MONITOR OFTEN)

POOR CONDITION:Unusable as is. Requires repairs or replacement of system, component or item to be considered functional.

USE OF *:Use of * in the body of this report will indicate that a findingwill be listed in the ''Findingsand Recommendations''section pertaining to the * item.

Asterisks * in this General Information section refers to the source of such information as follows:* Per Manufacturer's Specifications

**Refer to Summary and Valuation Section *** Per USCG Documentation **** Per Buc Book

III. SYSTEMS


HULL DECK AND SUPERSTRUCTUREHULL CONSTRUCTION

TYPE: Full displacement with fin keel and skeg rudder.

MATERIAL: FRP (fiber reinforced plastic)

EXTERIOR HULL: White gelcoat with a double blue boot top.

Overall view of vessel Overall view of vessel

Overall view of vessel

HIN NUMBER:HWS36037I586

HIN Number

BULKHEADS:Athwartships reinforcement enhanced by wood bulkheads bonded to the hull with FRP (fiber reinforced plastic).

III. SYSTEMS


HULL DECK AND SUPERSTRUCTUREHULL CONSTRUCTION(continued)

STRINGERS: Hull stiffness provided by FRP longitudinal stringers. Complete inspection not possible due to limited access.Appears serviceable where observed.

STEM: Slanted

TRANSOM: Molded FRP with a bolt on swim ladder. The transom is a reverse style.

Transom

BILGE: A smooth maroon gelcoat surface was used in the shallow bilge area, condition was generally clean.

Bilge

CHAIN LOCKER (DRAINAGE):The chain locker drains to the starboard side of the vessel.

KEEL: Fin style. Very well faired to the hull.

Keel Keel

III. SYSTEMS


HULL DECK AND SUPERSTRUCTUREHULL CONSTRUCTION(continued)

BALLAST (KEEL BOLTS): Eight stainless steel keel bolts were sighted in the bilge area of the boat.

LIMBER HOLES: Limber holes are of adequate size and clear where sighted.

MOISTURE CONTENT: No moisture of significant amounts were found in the hull or stringers.

NOTE: It appears that there may be some blistering on the hull. This doesn't effect the hull integrity.

DECK CONSTRUCTIONTYPE: Molded FRP (fiber reinforced plastic) with white gelcoat and non-skid surface.

Deck Deck

MATERIAL: Cored FRP (fiber reinforced plastic) with white gelcoat, molded non-skid surface.

COCKPIT: White gelcoat with molded non-skid. Condition is serviceable.

HULL-TO-DECK JOINTTYPE: Hull has inward turning flange for the deck joint. The deck is thru-bolted every 4'' or so with stainless steel 1/4'' fasteners.

Appears serviceable where sighted.

Hull to deck joint

FASTENERS: Thru-bolted stainless steel nut and bolts where sighted.

BEDDING COMPOUND:Appeared to be elastomeric compound.

REINFORCEMENT:None Sighted.

DECK FITTINGSSTANCHIONS: Stainless steel stanchions and cable lifelines, run perimeter of deck from boarding gate to boarding gate port to

starboard. Appears serviceable.

III. SYSTEMS


HULL DECK AND SUPERSTRUCTUREDECKFITTINGS(continued)

BOW PULPIT (BOW RAIL): Stainless steel stanchions and rail system. Appears serviceable.

TOE RAILS: 1" teak varnished toe rails.

SCUPPERS: Cockpit has scuppers at port and starboard aft corners. Appears serviceable.

CHOCKS AND CLEATS: The vessel has aluminum cleats with stainless steel chocks.

PUSHPIT (STERN PULPIT): Stainless steel rail system with a stainless steel boarding ladder.

DECK SURFACE:White gel coat with molded in non-skid. Condition is serviceable.

LIFE LINES: There are two rows of life lines, plastic coated stainless wire with swage stainless fittings at the boarding gates and pulpits. All fittings.

ANCHOR PLATFORM: Aluminum anchor platform with bow roller. Appears serviceable.

Anchor platform

SUPERSTRUCTUREMATERIAL: Cabin house and deck are one unit molded FRP (fiber reinforced plastic).

DECK HATCHES: The superstructure has two (2) opening hatches. The forward hatch is 24" X 24" and the mid-ship hatch is 20" X 20".

FITTINGS AND HARDWARE:Various teak mounted in strategic places. Appears serviceable.

JOINERY STRESS:The joinery stress found on the vessel is slight for a vessel of this age.

SUPERSTRUCTURE HOUSE TO DECK JOINT:Deck house and deck appeared to be molded seamlessly, no joint was observed .

MOISTURE CONTENT: No significant moisture was found in the decks at the time of inspection.

ADDITIONAL EQUIPMENT AND ACCESSORIESACCESSORIES: Four (4) rubber dorade, radar reflector, two boat hooks, and cockpit cushions.

FENDERS:Six (6) fenders were on the vessel at the time of the survey.

DOCK LINES: Serviceable

CABIN APPOINTMENTSINTERIOR DESCRIPTION:

JOINERY AND FINISH:The joinery and finish of the teak interior was above average.

III. SYSTEMS


CABIN APPOINTMENTSINTERIORDESCRIPTION:(continued)

* JOINERYAND FINISH: (continued)

Interior Interior

Interior Interior

Interior Navigation station

CABIN BRIGHT WORK:Satin varnish finish. Appeared serviceable.

INTERIOR BULKHEADS:The interior teak bulkheads were finely fit where sighted.

WATER INTRUSION SIGNS:None Sighted.

STORAGE AREAS: The cabinets, lockers, drawers, and shelving were well crafted and finely fit where sighted.

III. SYSTEMS


CABIN APPOINTMENTSINTERIORDESCRIPTION:(continued)

HEADLINERS:White FRP headliner. Appeared serviceable.

DOORWAYS: The doors on the vessel are solid wood.

FABRIC AND CUSHIONS:Appeared Serviceable.Note:The general appearance of the cushions and fabrics reflect good care and normal wear and tear for a vessel of this age.

FLOOR AND WINDOW COVERINGS:The floor is teak and holly sole with blue curtains.

ACCOMMODATIONS: The vessel can accommodate up to seven (7) people.

HEADS: One head is on the vessel.

SHOWERS: Hand held.

FAUCET FIXTURES:Appeared serviceable.

LIGHT FIXTURES: 12 volt cabin lights throughout the vessel were operable.

CABIN FURNISHINGS:The cabin furnishings on the vessel were built in.

CABIN SOLE: Teak and holly sole. Very good condition.

VENTILATION: Provided by the opening hatches and ports.

STEREO, ETC.: Yes.

CONDITION AND DEFICIENCIES:The overall house keeping for this vessel was above average. It reflects the care of a conscientious crew, with good sea keeping skills.

GALLEYLOCATION: Port salon.

Galley

SINKS: Double stainless steel.

REFRIGERATION:Sea Frost system. Powered up.

STOVE/OVEN: Gas Systems Inc two (2) burner with oven. Not tested.

HEAT PROTECTION (INSULATION): None.

NOTE: There is a Jabsco Parmate 12 volt pump for the ice box. Powered up.

III. SYSTEMS


CABIN APPOINTMENTSGALLEY(continued)

* NOTE: (continued)

Ice box pump

PROPULSIONMAIN ENGINES

TYPE: Auxiliary power plant is a Westerbeke four (4) cylinder diesel naturally aspirated.

Engine

SERIAL NUMBERS:Tag was not able to be read.

LABELS AND NOTICES: Not sighted.

HORSE POWER:Reportedly 27 horsepower.

INDICATED HOURS:3319.0 on meter at helm.

THROTTLE CONTROLS: Mechanical lever/cable type.

FLAME ARRESTOR: Yes, USCG approved.

EMERGENCY SHUT DOWN:Pull cable at helm.

ENGINE MOUNTS AND BED:The engine mount are metal adjustable mounts. Appear serviceable.

DRIP PANS: Fiberglass.

III. SYSTEMS


PROPULSIONMAIN ENGINES(continued)

* DRIPPANS: (continued)

Drip pan

LUBRICATION: Full. Appears serviceable.

VENTILATION: Power blower with flex tubing appears adequate. Natural, flow ventilation provided by hull vents.

EXHAUST SYSTEM: Double clamped and serviceable were sighted.

INSULATION: Aluminized foam rubber sound deadening insulation was noted in engine room. Appears serviceable.

PROP SHAFTS: 1" bronze.

ENGINE ALARMS: Not tested.

ENGINE SHUT DOWN:Pull cable at helm.

STUFFING BOX: Stuffing box and packing gland, was bronze hex nut type boot was double clamped and appeared serviceable. Monitor Frequently for leakage and proper adjustment.

Packing gland

CONDITION AND DEFICIENCIES:The overall condition of the engines and engine compartment was clean.

COOLING SYSTEMTYPE: Closed reservoir type cooling with raw water cooled exhaust.

RAW WATER STRAINERS:Groco bronze alloy with sight glass. Appears serviceable.

* COOLANT LEVEL: [C1] Appeared a little low.

HOSES AND CLAMPS: Re-inforced rubber hose well routed and supported, where sighted.

III. SYSTEMS


PROPULSIONCOOLINGSYSTEM(continued)

BELTS AND PULLEYS: Belts condition appears serviceable.

TRANSMISSIONSTYPE: Marine grade.

MANUFACTURER: Hurth

Transmission

DRIVE TYPE: Straight Drive.

GEAR RATIO: 2.47 to 1

FLUID LEVEL AND CONDITION:Level must be checked in neutral with engines running. Not checked.

CONTROLS: Mechanical cable and linkage.

PROP SHAFT: 1" Bronze.

COUPLER (SAFETY WIRE):Yes, safety Wired.

PACKING GLAND: Hex type bronze nut packing glands. Appeared serviceable. Note: It is recommended that a wrench of the proper size be acquired and kept onboard in order to adjust or service the packing gland stuffing boxes as needed.

FUEL SYSTEMMAIN ENGINE(S) FUEL SYSTEM

FUEL TYPE: Diesel.

MATERIAL: Aluminum.

Fuel tank

III. SYSTEMS


FUEL SYSTEMMAIN ENGINE(S)FUEL SYSTEM(continued)

NUMBER OF TANKS:One (1)

TANKS CAPACITY: Reportedly 30 gallons.

SECURED:Strapped under cockpit sole.

MANUFACTURING LABEL: None Sighted.

FILL PIPE LOCATIONS: Starboard quarter.

FILL PIPE MATERIAL: Type A USCG approved hose. Appears serviceable.

FILL PIPE FITTINGS: Fill deck fitting clearly marked as to fuel type: Yes.

HOSE CONNECTIONS, CLAMPS: Appears serviceable and approved where sighted.

FUEL LINES AND FITTINGS:Both supply and return are copper lines with copper alloy fittings. Flexible hose to engine connections. Appears serviceable.

RETURN LINES:Return are copper lines with copper alloy fittings. Flexible hose to engine connections. Appears serviceable.

VENT LOCATION: Transom.

SHUT-OFF VALVE: Ball type located in the starboard berth.

FUEL FILTERS: Remote Racor filters.

ELECTRICAL SYSTEMSELECTRICAL SYSTEM (D.C. SYSTEM)

VOLTAGE: Lead acid battery powered 12 volt system.

BATTERIES: Three (3) series 27 batteries located under the starboard aft berth.

Batteries Battery

MAIN BATTERY SWITCHES: Two (2) Perko switches located at the navigation station.

PANEL: Located at the navigation station.

III. SYSTEMS


ELECTRICAL SYSTEMSELECTRICALSYSTEM (D.C. SYSTEM)(continued)

* PANEL: (continued)

Electrical panel

BREAKERS/FUSES:The vessel has both breakers and fuses.

TYPE CONNECTORS: Round Lugs: Captive type, where sighted. Condition: Appears serviceable.

ROUTING/SUPPORT: Well supported and secured where sighted.

CHARGING SYSTEM (BATTERY CHARGER):True Charge 40 amp charger. Powered up.

Battery charger

CHARGING SYSTEM (ALTERNATOR): On engine. Tag not sighted.

OUTLETS: Three (3) cigarette type located at the navigation station.

ELECTRICAL SYSTEM (A.C. SYSTEM)SHORE POWER INLET:Single Marino with weather cover. The unit is 30 amp 125 volt.

SHORE POWER:Two (2) 30 amp cords.

III. SYSTEMS


ELECTRICAL SYSTEMSELECTRICALSYSTEM (A.C. SYSTEM)(continued)

* SHOREPOWER: (continued)

Electrical lines

MAIN BREAKER: Located at the panel.

BRANCH BREAKERS:The vessel has three (3) individually switched branch breakers.

CIRCUIT LOAD MONITORS: AC and DC volts.

CONNECTIONS (TYPE): Captive lug type. Appears serviceable where sighted.

WIRE TYPE (SIZE AND RATING):Size and rating, where sighted, appears well routed and supported, serviceable for intended use.

ROUTING: Well routed and supported where sighted.

OUTLETS: Various A.C. outlets available throughout yacht, appear adequate and conveniently located. Tested ok for proper polarity.

POLARITY: Checked: At A.C. outlets, polarity normal.

FRESH WATER SYSTEMFRESH WATER SYSTEM: (POTABLE WATER)

STORAGE TANKS: Two (2)

CAPACITY: Reportedly two tanks with 38 gallons each.

ACCESS: Adequate.

LOCATION: Tanks are located under the port and starboard berths in the salon.

INSPECTION/CLEANING ACCESS:Sighted on the starboard tank.

MATERIAL: Polyethylene.

Potable water tank starboard

III. SYSTEMS


FRESH WATER SYSTEMFRESHWATER SYSTEM: (POTABLEWATER)(continued)

FILL PIPE LOCATION: Port and starboard side decks.

VENT PIPE LOCATION: Port and starboard topsides.

ACCUMULATOR TANK: Jabsco

PUMPS: Par 12 volt pump located under the starboard aft berth.

FILTERS: Yes.

HOSES AND CLAMPS: Flexible hoses with screw on type fittings. Appears serviceable.

DOCK SIDE PRESSURE REGULATOR:Yes. Not tested.

FRESH WATER SYSTEM (HOT WATER SYSTEM)TYPE: 110 electric. Marine grade.

MANUFACTURER: Raritan

Water heater

CAPACITY: 6 gallons.

PRESSURE RELIEF VALVE:Yes, copper pressure relief valve built into tank.

HEAT EXCHANGER AND PLUMBING:Engine mounted heat exchanger. Appears serviceable.

IGNITION PROTECTION: Yes.

SANITATIONSANITATION (BLACK WATER)

MANUFACTURER: Unknown.

MANUAL OR ELECTRIC TYPE: Electric.

NUMBER OF HEADS:One (1)

III. SYSTEMS


SANITATIONSANITATION(BLACKWATER)(continued)

* NUMBEROF HEADS: (continued)

Head

LOCATION OF HEADS: Forward to port.

M.S.D TYPE USCG SYSTEM: Certification Type: MSD U.S.C.G. Type III. (Holding tanks)

RAW WATER SUPPLY AND CLAMPS: Yes, appears serviceable where sighted.

DISCHARGE HOSES AND CLAMPS:Serviceable.

PUMP-OUT LOCATION: Starboard side decks.

"Y" VALVES: Disabled.

"Y" valve

SYSTEM INSTALLATION: Good.

HOLDING TANK: Polyethylene.

III. SYSTEMS


SANITATIONSANITATION(BLACKWATER)(continued)

* HOLDINGTANK: (continued)

Black water tank

CAPACITIES: Reportedly 30 gallons.

SANITATION (GREY WATER)BASINS, SHOWERS, HOSES AND CLAMPS:The basins and showers on this vessel drain overboard in the near vicinity of the

specific basin. No sump collection sighted.

SHOWER DRAIN PUMPS:12 located under the sink in the head. Brand unknown. Powered up.

STEERING SYSTEMSTEERING SYSTEM

TYPE: Edson pedestal.

Helm

MANUFACTURER: Edson Mfg leather covered wheel.

NUMBER OF STATIONS: One, aft cockpit.

PULLEYS, CABLE AND CHAIN CONDITION:Appeared serviceable where sighted.

III. SYSTEMS


STEERING SYSTEMSTEERINGSYSTEM(continued)

* PULLEYS, CABLE AND CHAIN CONDITION: (continued)

Steering gear

MOUNTING: Appeared serviceable.

RUDDER STOCK:Serviceable.

Rudder stock

UPPER RUDDER BEARING SUPPORT:Serviceable.

EMERGENCY TILLER: Located in the port cockpit locker.

Emergency tiller

III. SYSTEMS


GROUND TACKLEGROUND TACKLE

ANCHORS: Bruce 33 lb plow style anchor.

Anchor

* RODE CONSTRUCTION: [C2] Galvanized thimble and shackle. Appears serviceable.

LINE: 3/4" three strand. Length unknown.

CHAIN: 3/8" BBB.

Chain locker

ELECTRONICS AND NAVIGATION EQUIPMENTELECTRONICS AND NAVIGATION EQUIPMENT

VHF: ICom model IC-M59. Powered up.

RADAR: Furuno model 1830. Powered up.

GPS: Garmin model GPS120. Powered up.

AUTOHELM: Ceteck Pilot 730. Powered up.

SPEED LOG: Raymarine model ST60. Powered up.

DEPTH SOUNDER:Raymarine model ST60. Powered up.

WIND INSTRUMENT: Raymarine model ST 60. Powered up.

COMPASSES: 5'' Ritchie.

ANTENNAS: All antennas sighted appear to be well mounted and serviceable.

BAROMETER: Boston.

III. SYSTEMS


ELECTRONICS AND NAVIGATION EQUIPMENTELECTRONICSAND NAVIGATIONEQUIPMENT(continued)

SHIPS CLOCK: Boston.

ELECTRONICS (ENTERTAINMENT)STEREO SYSTEM: Sony model MC3. Powered up.

SPEAKERS: Optimus. Powered up.

BONDING SYSTEMBONDING SYSTEM

MAIN BONDING CONDUCTOR:The bonding system is mostly well established where sighted. A separate bonding system was not performed and I did not use a corrosion meter to establish the level of protection. However the bonding system is using individual green insulated wire and appeared to be serviceable were sighted.

SAFETY EQUIPMENTSAFETY EQUIPMENT (UNITED STATES COAST GUARD)

NUMBER AND TYPE OF PFD'S:One PFD needs to be supplied for each occupant on the vessel.

NUMBER OF THROWABLE PFD'S:One (1) Type IV-U.S.C.G. approved throwable device.

FIRE EXTINGUISHERS:2 lb extinguishers on board. In green on gauge.

VISUAL DISTRESS SIGNALS: Flares were 12 gauge Day/night visual distress signals and hand held flares. Expire Oct 2016.

SOUND DEVICES:Hand held air horn. Not tested.

FLAME ARRESTORS: Yes, USCG approved.

NAVIGATION LIGHTS: The navigation lights were functioning at the time of the survey.

"NO OIL DISCHARGE" PLAQUE:Yes, found properly displayed in engine space.

TRASH DISPOSAL PLACARD: Yes.

AUXILIARY SAFETY EQUIPMENTTHROW LINE: A monkey fist was found on board.

BILGE WATER ALARM AND SAFETY SWITCHES:No. This item is very highly recommended.

FIXED FIRE EXTINGUISHING SYSTEM (HALON TYPE):No. This item is highly recommended.

FIRST AID KIT: Yes.

FUME SNIFFER ALARM SYSTEMS: Carbon monoxide fume detectors are highly recommended.

MAN OVERBOARD SYSTEM: Yes. Life Sling.

BILGE PUMPSLIST: Hand operated Whale pump in the cockpit and a Rule with a float in the bilge. Unit powered up.

Bilge pump Manual bilge pump

III. SYSTEMS


OUT OF WATER INSPECTIONBELOW WATERLINE MACHINERY

PROPELLER(S): May Bianchi two (2) blade bronze feathering 16" diameter propeller.

Propeller and shaft Propeller

PROPELLER SHAFT(S): 1" Bronze.

PROPELLER SHAFT (LOGS) TUBE(S):Appears serviceable.

SHAFT BEARING (CUTTLESS BEARING):Cuttless bearing showed no signs of sloppiness or end play.

STRUTS: Single I-beam strut.

RUDDER(S) MATERIAL: FRP 54" high and 25" wide.

Rudder Rudder

RUDDER(S) MOUNTING:Serviceable.

THRU-HULLS: Clear.

TRANSDUCERS: Clear.

GROUNDING PLATES:None Sighted.

ZINCS: A zinc is on the shaft.

CONDITION OF HULL (WETTED SURFACE)* BLISTERS: [C3] Sign of blistering was found on the bottom of the boat.

CONDITION OF BOTTOM PAINT: Bottom well painted. Condition good. See overall photos.

III. SYSTEMS


LIQUIFIED PETROLEUM GAS SYSTEM (LPG)LIQUIFIED PETROLEUM GAS SYSTEM (LPG)

TYPE: CNG.

LOCATION: Starboard transom locker.

CNG system

MOUNTING: Appears serviceable.

REGULATOR: Yes, appears serviceable, passed leak test.

PRESSURE GAUGE:Yes

VENTILATION: Yes, appears adequate.

SHUT-OFFS: Yes at tanks.

LINES AND FITTINGS: Appears serviceable.

STANDING RIGGINGSTANDING RIGGING

MAST: Aluminum by Hall Spars.

MAST STEP: Serviceable.

Mast step

SPREADERS:Double spreader rig. The spreader ends appear serviceable.

SHROUDS AND STAYS:Rod rigging. Appears serviceable.

BOOMS: Aluminum boom with hydraulic vang. Appeared Serviceable.

III. SYSTEMS


STANDING RIGGINGSTANDINGRIGGING(continued)

* BOOMS: (continued)

Boom vang

TURNBUCKLES:Stainless turnbuckles of the open design appeared serviceable.

CHAIN PLATES: Internal chain plates bolted to bulkhead or knees where sighted appeared serviceable.

Chain plate Chain plate

RUNNING RIGGINGRUNNING RIGGING

WINCHES: The primary winches are Lewmar 48 two speed self tailing. The vessel has five (5) Lewmar 24 winches and one Lewmar 16 winch. All are two speed.

SAIL TRACK: The vessel has four (4) 12' long aluminum sail tracks. Two each port and starboard. They have cars.

BLOCKS: Harken and Schaefer.

III. SYSTEMS


RUNNING RIGGINGRUNNINGRIGGING(continued)

* BLOCKS: (continued)

Deck at mast

TOPPING LIFT: Yes. Line.

MAIN SHEET TRAVELER: Harken mainsheet traveler. Appeared serviceable.

REEFING SYSTEM:Jiffy reefing system appeared serviceable.

HALYARDS: All line.

SHEETS: The sheets onboard appeared in serviceable condition.

ROLLER FURLING GEAR:Harken. Appeared serviceable.

Roller furler

CAM CLEATS: The vessel has 12 Spin lock units on board.

SAILSSAILS

NOTE: All sails were off the boat at the time of inspection.

IV. FINDINGS AND RECOMMENDATIONS


Deficiencies noted under ''SAFETY'' should be addressed before vessel is next underway. These findings represent an endangermentto personneland/or the vessel's safe and properoperatingcondition. Findings may also be in violation of U.S.C.G. regulations.

Deficiencies noted under ''OTHERDEFICIENCIES'' should be corrected in the near future so as to maintain standards and to help the vessel to retain it's value.

Deficiencies will be listed under the appropriate heading:

A. SAFETY DEFICIENCIES

B. OTHER DEFICIENCIES NEEDING ATTENTION

C. SURVEYORS NOTES AND OBSERVATIONS

C. SURVEYOR'S NOTES AND OBSERVATIONS:FINDINGS RECOMMENDATIONS

C.1 (PAGE 11) COOLANT LEVEL:The coolant level was a little low at the time of the survey.

Add coolant.

C.2 (PAGE 20) RODE CONSTRUCTION:The shackle was not safety wired. Safety wire shackle to prevent fitting from coming

adrift.C.3 (PAGE 22) BLISTERS:

Sign of blistering was found on the bottom of the boat.

Refit, refinish, refurbish, or replace as necessary.

NOTE: If cruising more than 25 nautical miles offshore it is also recommended that a USCG approved self-inflating life raft be fitted to the vessel. And a first aid kit and small manual watermaker be added to the ships safety gear.

V. SUMMARY AND VALUATION


STATEMENT OF OVERALL VESSEL RATING OF CONDITION:It is the surveyor's experience that develops an opinion of the OVERALLVESSELRATINGOFCONDITION After a the survey has been completed and the findings have been organized in a logical manner.

The grading of condition, developed by BUCRESEARCH, and accepted in the marine industry, for a vessel at the time of survey, determines the adjustment to the range of base values in the BUCUSEDBOATPRICEGUIDE, for a similar vessel sold within a given time period, as a consideration to determine the Market Value.

The following is the accepted marine grading system of condition:

''EXCELLENT(BRISTOL)CONDITION'', is a vessel that is maintained in mint or bristol fashion - usually better than factory new - loaded with extras - a rarity.

''ABOVEAVERAGECONDITION'', has had above average care and is equipped with extra electrical and electronic gear.

''AVERAGECONDITION'', ready for sale requiring no additional work and normally equipped for her size.

''FAIRCONDITION'', requires usual maintenance to prepare for sale.

''POOR CONDITION'', substantial yard work required and devoid of extras.

''RESTORABLECONDITION'', enough of hull and engine exists to restore the boat to usable condition.

As a result of my investigation, as shown in the SYSTEMSANDFINDINGSANDRECOMMENDATIONSsection of this REPORT OF SURVEY, and by virtue of my experience, my opinion isOVERALL VESSEL RATING: AVERAGE

STATEMENT OF VALUATION:1. The ''FAIRMARKETVALUE'' is the most probable price in terms of money which a vessel should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus.

Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:

a. Buyer and seller are typically motivated.

b. Both parties are well informed or well advised, and each acting in what they consider their own best interest.

c. A reasonable time is allowed for exposure in the open market.

d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and

e. The price represents a normal consideration for the vessel sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel, it is your surveyor's opinion that the ''FAIRMARKETVALUE'' of the subject vessel is:

$64,000Sixty Four Thousand Dollars

2. The ''ESTIMATEDREPLACEMENTCOST'' indicates the retail cost of a new vessel of the same make/model with similar equipment offered by the same manufacturer. ''ESTIMATEDREPLACEMENTCOST'' of the subject vessel is:

$328,500Three Hundred Twenty Eight Thousand Five Hundred Dollars

V. SUMMARY AND VALUATION


SUMMARY:In accordance with the request for a marine survey of the "Shannara", for the purpose of evaluating its present condition and estimating its Fair Market Value and Replacement Cost, I herewith submit my conclusion based on the preceding report. The subject vessel was personally inspected by the undersigned on May 20, 2014 and was found to be a well constructed, appointed and comfortable vessel. The vessel is very capably captained and well-kept. Subject to correction of deficiencies listed in section IV A. (Safety), the vessel is considered to be suitable for its intended use. Other deficiencies list should be attended to in a timely fashion.SURVEYOR'S CERTIFICATION:I certify that, to the best of my knowledge and belief:

The statements of fact contained in this report are true and correct.

The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions, and conclusions.

I have no present or prospective interest in the vessel that is the subject of this report, and I have no personal interest or bias with respect to the parties involved.

My compensation is not contingent upon the reporting of a predetermined value or direction in value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulate result, or the occurrence of a subsequent event.

I have made a personal inspection of the vessel that is the subject of this report.

This report is submitted without prejudice and for the benefit of whom it may concern.

ATTENDING SURVEYOR:

Buck Kittredge A.M.S.

Documents

LAKE EFFECT SURVEYING AND CONSULTING 1986 Sabre Sloop Shannara · LLOYD KITTREDGE LAKE EFFECT SURVEYING AND CONSULTING 1986 Sabre Sloop "Shannara" 801 Ivy Street Chesterton, IN 46304