Embed Size (px)
Citation preview
Edwards Marine Survey LLC
Page 1 of 28
Marine Survey Report Condition and Valuation
2005 Nordic Tugs 37
M/V “XXX XXXXX” Report prepared exclusively for – XXXX XXXXX
Date of survey inspection – July 1, 2019
Edwards Marine Survey LLC
Page 2 of 28
Scope of Survey
This marine survey inspection of the 2005 Nordic Tug 37 M/V “XXXX XXXX” was performed on July 1, 2019. The survey
took place in the water moored at XXXX XXXX, XXXXXXX, WA. The out of water inspection of the wetted surfaces and
running gear took place at XXXXXXXX, XXXXXX, WA. The vessel demonstration took place in Puget Sound out of
XXXXXXX, WA. Parties in attendance of vessel demonstration were Ed Gonsorowski, the undersigned surveyor, XXXXX
XXXXX, prospective purchaser, XXXXXXXX of XXXXX Marine and XXXX XXXXXX of XXXXXX Yachts on a temperate day with
clam sea conditions. The purpose of this marine survey is to ascertain the physical condition and estimated fair market
value at the request of XXXXX XXXXXXX, prospective purchaser. No electrical survey was performed. A mechanical survey
was performed by Ed Gonsorowski, the undersigned surveyor.
The testing procedures used to perform the survey were non-destructive. Testing methods used but not limited to are
visual, soundings, and moisture meter readings. The moisture meter used during the inspection was a GE Aquant
Protimeter. Structure deficiencies specified in the report, if any, are observations that may require further investigation
using destructive testing techniques to determine the extent of the deficiency in question and to determine a plan for
repair if deemed necessary by a qualified technician or reputable full-service boatyard.
Unless otherwise stated, mechanical systems such as engines and generators are not thoroughly examined and are only
visually inspected for apparent deficiencies.
Deficiencies noted during the examination process are in the opinion of the surveyor and may require further evaluation
by a qualified technician. Internal condition of mechanical systems is indiscernible without complete disassembly which
are not performed during this survey.
AC & DC power sources were used to test electronic equipment.
Tankage such as fuel, fresh water, grey water, black water, etc. are visually inspected where accessible. Inaccessible
tankage areas are not evaluated, nor are tankage interiors. The surveyor is not able to comment on the condition of
inaccessible areas of tankage systems.
The surveyor does not make any determination or representation of seaworthiness, stability characteristics or inherent
structural integrity and no opinion is expressed or implied regarding such.
If a component is not identified in this report, it was not inspected.
Although specific recommendations may be made, this survey will be a general survey only; unless specifically identified
otherwise.
This survey was completed using as reference the federal regulations and amendments issued and enforced by the USCG
under the authority of Title 33 & 46 of the United States Code of Federal Regulations (CFR’S). In addition, the American
Boat and Yacht Council (ABYC) and National Fire Protection Association (NFPA-302) voluntary standards were used as
reference during the survey.
Edwards Marine Survey LLC
Page 3 of 28
Conduct of Survey
This vessel was surveyed without removal or disassembly of parts including fittings, tacked carpet, fastened boards,
fixed partitions, anchors and chain, instruments, clothing, gear, spare parts and miscellaneous materials in the bilge and
lockers or other fixed or semi-fixed items. Sealed compartments or otherwise inaccessible areas would also preclude
inspection.
The user of this survey is advised that this will be a limited report. Surveys by nature are limited and are not considered
to be a complete examination. The inspection process, manner of presentation of the vessel for inspection, possibility of
latent conditions, errors and omissions by the surveyor may exist. Accordingly, no guarantee or warranty expressed or
implied will be given or made. All statements and comments are opinions only, and no statement shall be basis for any
claim against the surveyor based on warranty or guarantee.
In the event of dissatisfaction with the conduct of this marine survey, with regards to errors contained in the report, or
by omission of information, the surveyor shall correct the report. The sole and maximum remedy shall be limited to the
amount of the fee received for the report.
GENERAL INFORMATION
Survey Report Number 19027
Type of Survey Condition and Valuation Pre-Purchase
Vessels Intended Use Recreation
Waters to be Navigated Near Coastal Waters, US and Canada
Vessel Name “XXXXX XXXXXX”
Hailing Port XXXXXXXXX
Documentation Number No. XXXXXXX
Hull Identification Number (HIN) XXXXXXXXXXXX
WA Registration (WN) N/A
Manufactured By Nordic Tug
Build Location Burlington, WA
Model Year 2006
Make/ Model Nordic Tug 37
Hull Material Fiberglass/ Fiber Reinforced Plastic (FRP)
Hull Type Modified-V
Length Over All (LOA) 39’ 2” As per Powerboat Guide
Beam 12’ 11” As per Powerboat Guide
Draft Down 4’ 4” As per Powerboat Guide
Weight (Dry) 22,600 Lbs. As per Powerboat Guide
Current Registered Owner XXXX XXXXXX
Estimated Fair Market Value (FMV) $320,000
Estimated Replacement Value $750,000
Edwards Marine Survey LLC
Page 4 of 28
VESSEL DISCRIPTION
SEE VESSEL PICTURES AT END OF REPORT
Edwards Marine Survey LLC
Page 5 of 28
SAFETY EQUIPMENT AND PROVISIONS
Personal Flotation Devices (PFD) (5) Type II PFD- New Condition
Throwable Floatation Devices Not Sighted *See Deficiencies*
Visual Distress Signals/ Flare Kits Yes, Expired *See Deficiencies*
Fire Extinguishers (2) USCG B-I Gauges in Green *See Deficiencies*
Automatic Fire Extinguisher (Fixed) Fireboy FE241 *See Deficiencies*
Sound Devices Operational
Navigation Lights *See Deficiencies*
Boarding Ladder Yes, Operational
High Bilge Water Alarm Yes, Powered On
Carbon Monoxide Alarm Not Sighted *See Deficiencies*
Bilge Pumps and Auto Float Switches (3) 12VDC Rule 2000 GPM Operational-Not Tested W/ Water
Manual Bilge Pumps Not Observed
Escape Hatches Functional
Smoke- Combustible Vapors Detector No Smoke Detector Sighted, Consider Installing for Safety/ (1) Combustible Vapor Detector- Powers on
USCG-Inland Navigational Rules (Vessels 40’ and over)
Not Sighted- Not Required
Lifelines- Harnesses Yes, Serviceable Condition
USCG Placards- Oil Discharge and Garbage Plan Yes
Carbon Monoxide Warning Sticker Not Sighted *Required by Law in Wash. State*
Life Raft Winslow Life Raft/ Service Tag Expires 11/2019- Appears in Serviceable Condition
EPIRB ACR Electronics Service Tag Expires 4/2020
GENERAL RECREATIONAL VESSEL SAFFTEY REQUIRMENTS AND RECOMMENDATIONS
✓ It is the owner/ operator’s responsibility to ensure that the vessel is outfitted with safety equipment in
accordance with Federal and State Regulations. You may find more information showing Washington State
Required Equipment Checklist at the following link.
https://www.boat-ed.com/washington/handbook/page/61/Washington-Required-Equipment-Checklist/
✓ It is recommended the owner/ operators ensure the vessel is equipped with a Carbon Monoxide Detection
system/ alarm, in accordance with ABYC recommendation detailed at the following link.
http://abycinc.org/mpage/CarbonMonoxide
✓ It is the owner/ operator’s responsibility to ensure that the vessel is equipped with Fire Extinguishing
Equipment in accordance with the USCG Code of Federal Regulations and the National Fire Protection
Association (NFPA 302). Helpful information is available at the following link.
https://www.boatus.org/fire-extinguishers/
✓ The following link is an (at a glance) Quick Reference Guide to USCG Minimum Requirements for Recreational
Vessels.
https://www.usps.org/national/vsc/conductvsc_files/USCGMinReq_2012.pdf
✓ The following link will access the pamphlet “A BOATERS GUIDE TO THE FEDERAL REQUIREMENTS FOR
RECREATIONAL BOATERS” published by the USCG boating safety division. It is the vessel operator’s
responsibility to ensure that the vessel is outfitted in accordance with the USCG regulations.
https://www.uscgboating.org/images/420.PDF
Edwards Marine Survey LLC
Page 6 of 28
✓ Kidde fire extinguisher recall Remember to check the recall notice issued by the Consumer Product Safety
Commission pertaining to certain Kiddie branded fire extinguishers. If you find that you have one of these on
your boat, then you should seek out replacement ASAP.
https://www.cpsc.gov/Recalls/2017/kidde-recalls-fire-extinguishers-with-plastic-handles-due-to-failure-to-
discharge-and
STRUCTURES
Hull Structure Cosmetically Average to Above Average/ No Defects Sighted
Superstructure Cosmetically Average to Above Average/ No Defects Sighted
Deck Structure Cosmetically Average to Above Average/ No Defects Sighted
Transom Cosmetically Average to Above Average/ No Defects Sighted
Hull to Deck Joint No Evidence of Deficiencies Where Accessible
Bulkheads No Evidence of Deficiencies Where Accessible
Stringers No Evidence of Deficiencies Where Accessible
Windows, Portlights and Hatches Cosmetically Average/ No Defects Sighted
Railings No Evidence of Deficiencies
Deck Cleats No Evidence of Deficiencies
Anti-Fouling Bottom Paint Adequate for Intended Purpose
PROPULSION SYSTEM
Engine Make/ Model Cummins 6BTA5.9-M3- Perfromed Adequately
Serial Number XXXXXXXXX
Rated Power Output 380HP
Fuel Type Diesel
Cooling Freshwater Heat Exchanger Cooled/ No Defects Sighted
Exhaust Wet Exhaust – No Defects Sighted
Engine Hours 1093 (Analog Gauge)
Mounts Satisfactory
Transmission Twin Disc MG5050SC/ Functioned Satisfactory
Ratio 2.45:1
Description Straight Drive Reduction Gear
Serial Number XXXXXXX
GENERATOR DETAILS
Unit Make/ Model Onan MDKAV-5671696 Spec. “A” / Functioned Satisfactory
Serial Number XXXXXXXXXXXX
Rated Output 9 Kilowatts (KW)
Fuel Type Diesel
Cooling Freshwater Heat Exchanger Cooled/ No Defects Sighted
Exhaust Wet Exhaust- No Defects Sighted
Unit Hours 404 Digital Gauge
Edwards Marine Survey LLC
Page 7 of 28
RUNNING GEAR DETAILS
Propeller Shaft Size/ Type 2”/ Stainless Steel/ No Defects Sighted
Prop Size/ Type 28” X 23”/ 4 Blade Bronze/ No Defects Sighted
Propeller Rotation Left Hand
Rudder(S) (1) Stainless Steel Single Rudder Shoe Support/ No Defects Sighted
Propeller Shaft Seal Type Dripless PYI Marine- Serviceable Condition
Rudder Shaft Seal Type Dripless Tides Marine- Serviceable Condition
THRU HULL FITTINGS BELOW WATERLINE
Thru-Hull Material/ Condition Bronze/ Adequate for Intended Purpose
Seacock Type Ball Valves
Seacock Material Bronze
CORROSION CONTROL SYSTEM
Zincs New Condition
Bonding System Connected/ Serviceable Condition
PROPULSION CONTROL SYSTEM
Description Electronic Single Lever Shift- Throttle/ Functioned Satisfactory
Make/ Model 12VDC ZF Micro Commander- Functioned Adequately
STEERING SYSTEM
Number of Stations (2) Operational- No Evident Defects
Type Hydraulic
Make/ Model Teleflex/ Capilano
Auto Pilot 12VDC Raymarine ST7001- Operational
FUEL SYSTEM DETAILS
Fuel Type Diesel
Number of Fuel Tanks & Location (2) Midship Aft Outboard- No Defects Observed
Tank Material Aluminum
Total Fuel Capacity Total 324 Total US Gal. As per Tank Labels
Fuel Supply & Return Type USCG Type A-1 No Defects Sighted, Serviceable Condition
Engine Fuel Filter Make/ Model Racor Twin Fuel Filter/ Water Separator/ No Defects Sighted
Fuel Gauges/ Sight Tubes Sight Tubes/ Adequate Condition/ Gauges Not Tested For Accuracy
Edwards Marine Survey LLC
Page 8 of 28
BLACK WATER SYSTEM DETAILS
Number of Tanks/ Material (1) Fiberglass Integral to Hull/ No Defects Sighted
Total Capacity 32 US Gal. As per Powerboat Guide
Head (Toilet) Type (1) 12VDC Vacuflush- Operational No Defects Sighted
Water Type Fresh
Tank Level Gauge Analog Gauge- Powers on- Not Tested for Accuracy
FRESH (POTABLE) WATER SYSTEM DETAILS
Number of Tanks/ Material (1) Aluminum- Midship Aft Center Bilge- No Defects Observed
Total Water Capacity 144 Total US Gal. As per Powerboat Guide/ No Defects Observed
Water Heaters (1) Force 10 120VAC/ Operational
Water Heater Capacity 11 Gallons
Tank Level Gauge Analog Gauge- Powers on- Not Tested for Accuracy
PUMP SYSTEM DETAILS
Bilge Pumps Qty. Float Switches (3) 12VDC Rule 2000 GPM Operational-Not Tested W/ Water
Shower Drain/ Sump 12VDC Operational
Fresh Water Pump (Potable Water) (1) Jabsco 12VDC Operational
Washdown Pump Jabsco 12VDC- Operational
Washdown Water Source Sea Water
Cockpit Shower Yes, Operational
Black Water Overboard Discharge Pump
Sealand 12VDC- Operational
GROUND TACKLE DETAILS
Anchor (1) Galvanized, Rocna
Anchor Chain Galvanized Steel 200’+ Estimated
Anchor Rode Unknown Length- Serviceable Condition
Anchor Windlass 12VDC Lofrans- Operational
NAVIGATIONAL EQUIPMENT AND ELECTRONICS DETAILS
GPS- Chart Plotter-Depth-Radar (2) Raymarine C80/ C120 (1) Powers on/ intermittent Reading *See Deficiencies*
VHF Radio Standard Horizon GX2360S-Powers On
Trim Tabs N/A
Compass (2) Danforth, Magnetic- Not Tested for Accuracy
Edwards Marine Survey LLC
Page 9 of 28
APPLIANCE DETAILS
Refrigerator/ Freezer (1) Nova Kool Freezer (1) Nova Kool Refrigerator/ Both 12VDC/ 120VAC
Stovetop/ Oven Force 10 3 Burner/ Stove Propane (LPG)- Operational
Microwave Sharpe 120VAC Powers On
ADDITIONAL EQUIPMENT OBSERVED
Stereo Panasonic 12VDC- Operational
Satellite Radio N/A
Search Light 12VDC Guest Inoperable *See Deficiencies*
TV N/A
DVD N/A
Diesel Heater Webasto Hydronic Thermo 90ST 12VDC- Operational/ No Apparent Defects
Oil Change System 12VDC Jabsco/ Not Tested
HVAC 120VAC (3) Zone Technicold/ All Failed to Function Properly *See Deficiencies*
Water Maker 120VAC Aqua Marine/ Not Functional *See Deficiencies*
TENDER AND DAVIT SYSTEM DETAILS
Tender Type/ Make/ Model RIB Aluminum Bottom/ AB Inflatables/ Tiller Steering- No Apparent Defects Sighted
Hull ID Number (HIN) CAN50005A112
Outboard Motor Make/ Model Yamaha F15CMSH Pull Start Tiller Steering/ Operated Satisfactory
Serial Number S1038997
Fuel Type Gas
Davit Make/ Model 12VDC Unknown Make/ Operational
BOW THRUSTER DETAILS
Description (1) Electric Bow Thruster- Operational/ No Apparent Defects
Make/ Model Side Power/ SP75T
Power Source (1) 12VDC 4-D Lead Acid Battery
VESSEL DEMONSTRATION RESULTS
Cruise Speed/ Wide Open Throttle (WOT) Speed
8/ N/A Knots Speed Over Ground (SOG) Actual Speed Will Vary Depending on Wind, Tide and Currents. Data Obtained from Vessels Electronics
Oil Pressure Cruise/ WOT 60PSI Approx.
Temperature Cruise/ WOT 180 Degrees Approx.
RPM Cruise/ WOT 1700/ 2800 RPM’S Approx.
Edwards Marine Survey LLC
Page 10 of 28
AC AND DC POWER SYSTEMS DETAILS
AC System Voltage 120VAC
AC Circuit Protection Yes, Circuit Breakers
DC System Voltage 12VDC
DC Circuit Protection Yes, Circuit Breakers/ Fuses
Shore Power Inlet (1) Marinco 125VAC/ 30AMP/ (1) Marinco 125VAC/ 250VAC- No Defects Sighted
Battery Charger (1) True Charge 40AMP 120VAC/ 12VDC/ Operational
Inverter Charger Magnum MagnaSine MS2812 120VAC/ 12VDC- Operational/ No Apparent Defects
Battery Bank(s) Detail (1) 12VDC Bow Thruster/ Canadian Energy 4-D Lead Acid (Age 4/2014) Functioned Adequately (1) 12VDC Generator Start/ Interstate Group 24 Lead Acid (Age Unknown) Functioned Adequately (1) 12VDC Engine Start/ Brand Unknown 4-D Lead Acid (Age Unknown) *See Deficiencies* (4) 6VDC House- Inverter Bank Interstate Deep Cycle Golf Cart Lead Acid Configured in Series Parallel to 12VDC Bank (Age Unknown) Functioned Adequately
DEFICENCYS FINDINGS AND RECOMMENDATIONS
Deficiencies that were found by the marine surveyor are separated into four categories detailed below. Other
deficiencies may exist that are either undetectable, inaccessible or may have not been observed by the marine surveyor.
SAFETY RELATED DEFICIENCIES
Safety related deficiencies requiring immediate action. If safety related deficiencies are found, they will be highlighted in
red.
DEFICIENCIES REQUIRING ATTENTION- MECHANICAL DEFICIENCIES REQUIRING ATTENTION
Deficiencies requiring attention are recommended by the surveyor to be corrected in a timely manner to avoid system,
structure, or equipment failure.
GENERAL NOTES AND OBSERVATIONS
Minor deficiencies that do not require immediate attention or repair, usually cosmetic.
ABYC RECOMMENDATIONS
Recommendations published by the American Boat & Yacht Council. These recommendations are voluntary, but highly
recommended.
Edwards Marine Survey LLC
Page 11 of 28
DEFICIENCIES AND RECOMMENDATIONS THAT ARE DEEMED BY THE SURVEYOR TO NEED
ATTENTION OR REPAIR ARE RECOMMENDED TO BE PERFORMED BY QUALIFIED SERVICE
PERSONNEL
SAFETY RELATED DEFICIENCIES
1. CABON MONOXIDE (CO) DETECTORS: No CO detectors were sighted aboard vessel. According to ABYC H-24: CO
detectors must be marked with the following: Name of Certifying Body. Replace by date – MM/YYYY or replace
by: XX months after retail sale as determined by the manufacturer. Furthermore, Underwriters Laboratories (UL)
instituted a mandate outlining CO detectors for boats be replaced every 5 years and as of 2010, hardwired CO
detectors have an end of life alarm on all new units sold. Recommend equip with marine approved CO detectors
in all living quarters.
2. VISUAL DISTRESS SIGNAL FLARES: Were aboard but were past their expiration date. USCG requires a minimum
of three day-use and three night-use or three day/ night combination pyrotechnic devices. Non-pyrotechnic
substitutes: 1 orange flag (day-use) and 1 electric S-O-S signal light (night-use). Recommend equip vessel as
required by the USCG.
3. TYPE IV THROWABLE PERSONAL FLOATATION DEVICE (PFD): Was not sighted aboard vessel during survey.
USCG requires at least (1) type IV throwable certified PFD on vessels 16’ or larger to be onboard in an
immediately accessible location. Recommend equip vessel with type IV USCG certified PFD and place in an
immediately accessible location.
4. HAND-HELD FIRE EXTINGUISHERS: Were not tagged and dated indicating recent service. Recommend service
and tag all extinguishers annually per National Fire Protection Association recommendations to ensure
reliability. USCG requires vessels 26’ to 40’ have one B-II or two B-I if not equipped with a fixed system or have
one B-I that are equipped with a fixed automatic fire extinguishing system. Recommend equip vessel with
correct number of fire extinguishers and properly mount. Label any lockers which contain fire extinguishers.
5. FIXED AUTOMATICE FIRE SUPPRESION SYSTEM: located in the engine room was not tagged and dated.
According to the NFPA-302 standards annex B.4.7: All fixed systems, if installed, should be maintained on at least
an annual basis in accordance with the manufactures maintenance manual. It is recommended that a fixed
system be maintained by a qualified fixed system service person.
Edwards Marine Survey LLC
Page 12 of 28
6. NAVIGATION LIGHTS: The aft anchor/ All-Round light bulb did not illuminate when tested. According to USCG
minimum requirements: Vessels over 16’ must be equipped with sidelights, stern light, and masthead light and
must also have a 360 degrees all-around white anchor light capable of being independently lit from the red/
green/ white running lights. At Anchor-All around white light must be visible for 2NM at night unless in a chart-
designated anchorage. Recommend repair as required and prove operational.
DEFICIENIES REQUIRING ATTENTION
7. HOLDING TANK DISCHARGE VALVE: Located aft of engine in the mid-bilge compartment was found in the open
position. As of May 10, 2018, Washington State Puget Sound and certain adjoining waters by law, became a No
Discharge Zone (NDZ). Acceptable methods of securing overboard discharge are: Closing seacock and removing
handle. Padlocking the seacock in the closed position or using a non-releasable wire-tie to hold the seacock in
the closed position. Recommend apply one of the acceptable methods described above.
Edwards Marine Survey LLC
Page 13 of 28
8. ESCAPE HATCH: Was operable however it was sighted leaking water onto the mattress below. Recommend
repair water leak as required.
9. HVAC SYSTEM: All three zones were inoperable at survey. Recommend repair as required and prove
operational.
10. WATERMAKER: Was not tested by the surveyor but it was reported that it was not operational. Recommend
repair or renew as required and prove operational.
11. AFT AUTOMATIC BILGE PUMP FLOAT SWITCH: Was operational when tested, however; the is was not securely
fastened because one of the mounting flanges was broken. Recommend renew bilge pump automatic float
switch.
Edwards Marine Survey LLC
Page 14 of 28
12. WING NUTS ON BATTERIES: Wing nut fasteners were used to secure battery cables on the engine start and bow
thruster batteries. Wing nuts are a poor choice to secure battery cables securely. According to ABYC E-10:
Battery cables and other conductors’ size 6AWG and larger shall not be connected to the battery with wing nuts.
Recommend replace wing nut fasteners with stainless steel hex nut type fasteners and tightly secure.
13. ENGINE START BUTTON: Was not labeled “Engine Start” and could easlily be mistakenly pushed when the
engine is running and cause damage to the engine starter and/ or flywheel ring gear. Recommend properly label
engine start button.
Edwards Marine Survey LLC
Page 15 of 28
MECHANICAL DEFICIENCIES REQUIRING ATTENTION
14. ENGINE START BATTERY: The engine cranked slowly at survey. Start battery was tested with a Midtronics PBT-
300 electronic battery tester and found in need of replacement. The battery had electrolyte oozing from one of
the cells and appeared older. Recommend renew engine start battery.
GENERAL NOTES AND OBSERVATIONS
• Chart plotter powered on at survey and was observed fully operational at one point. After the haulout when
tested again, it did power up, but all functions were not operational. The plotter appeared to be intermittent.
This could be due to operator error. Recommend consult with an approved marine electronics technician for
service options if desired.
CONDITION
It is in the professional opinion of the marine surveyor and is based on individual experiences and knowledge in which
the condition is expressed. After surveying the subject vessel, the overall condition will be assessed by the marine
surveyor using the grading scale below.
EXCELLENT (BRISTOL) CONDITION: A boat that is in new or like new condition. Usually loaded with significant extras; a
rarity.
ABOVE AVERAGE CONDITION: Has had above average care, been well maintained and is usually equipped with extras.
AVERAGE CONDITION: Requiring very little or no additional work and normally equipped for her size.
BELOW AVERAGE CONDITON: Numerous deficiencies exist and will require significant maintenance to ensure safety and
reliability.
POOR CONDITION: Boat is not in usable condition and requires substantial repairs to bring it to a safe and reliable
operational condition.
Edwards Marine Survey LLC
Page 16 of 28
During the conduct of this survey, all parts of the vessel accessible without removal of bulkheads, fastened partitions,
decks, etc., were carefully examined. Every effort was made to determine the vessels condition and fair market value
compared to similar vessels.
OVERALL VESSEL CONDITION: AVERAGE to ABOVE AVERAGE
SUMMARY
The vessel was found to be structurally sound and well equipped for her intended service. Other than the deficiencies
noted, the vessel was found to be in average to above average overall condition. Mechanical systems were found to be
adequately maintained, and in average to above average overall condition. Minor repairs observed, appeared to be
performed in an appropriate manner.
VALUATION
FAIR MARKET VALUE (FMV): The comparable vessel calculation is the most probable price in which a vessel should bring
in a competitive market under all condition’s requisite to a fair sale, the buyer and seller, each acting prudently,
knowledgeably and assuming the price is not affected by undue stimulus. Both parties are well informed or well advised,
and each is acting in what they consider their own best interest. It is an estimated price in which a vessel is valued
between an equally motivated buyer and seller.
REPLACMENT COST: An estimated cost to replace the vessel with a similar sized and equipped vessel of the same
manufacture if possible.
ESTIMATED FAIR MARKET VALUE (FMV): $320,000
ESTIMATED REPLACEMENT COST: $750,000
Valuation Sources: Condition of vessel, options, and additions were used along with recently sold boats on
Soldboats.com and using BucValuepro.com along with using similar boats currently listed for sale were used to
determine the FMV. Valuation is relevant the day the vessel was observed by the undersigned surveyor.
Edwards Marine Survey LLC
Page 17 of 28
Comparable Sales Data
Edwards Marine Survey LLC
Page 18 of 28
Edwards Marine Survey LLC
Page 19 of 28
Hull Identification Number (HIN) XXXXXXXXXXXX
Tender Hull Identification Number (HIN) XXXXXXXXXXXX
Vessel Documentation Number: No.XXXXXXX
No documentation information could be found when researched online; Canadian documentation.
Edwards Marine Survey LLC
Page 20 of 28
CERFICATION STATEMENT
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 facts and conclusions are limited only by the reported assumptions, opinions, or limiting conditions, and
are of my personal, unbiased professional analyses.
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 estimate, the attainment of a
stipulated 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 should be considered as an entire document. No single section is meant to be used except as part of the
whole.
This report is submitted without prejudice and for the benefit of whom it may concern. This report does not constitute a
warranty, either expressed or implied. Further, it does not warrant the future condition of the vessel, latent defects, or
possible errors or omissions not observed by the undersigned surveyor. It is a statement of the condition of the vessel at
the time of the survey only.
7/5/2019
Ed Gonsorowski, Survey Associate (SA)
Society of Accredited Marine Surveyors (SAMS) Date Report Completed
Edwards Marine Survey, LLC
9611 241st PL SW
Edmonds, WA 98020
206-890-5777
https://edwardsmarinesurvey.com
Edwards Marine Survey LLC
Page 21 of 28
EXTERIOR ABOVE DECKS PICTURES
Edwards Marine Survey LLC
Page 22 of 28
SALON, GALLEY AND PILOTHOUSE PICTURES
Edwards Marine Survey LLC
Page 23 of 28
MASTER STATEROOM PICTURES
HEAD AND SHOWER PICTURES
ELECTRICAL PANELS
Edwards Marine Survey LLC
Page 24 of 28
BOW THRUSTER
ENGINE AND GENERATOR
Edwards Marine Survey LLC
Page 25 of 28
WETTED SURFACES AND RUNNING GEAR PICTURES
Edwards Marine Survey LLC
Page 26 of 28
TENDER AND DAVIT SYSTEM PICTURES
Edwards Marine Survey LLC
Page 27 of 28
MECHANICAL SURVEY TERMS CONDITIONS AND LIMITATIONS Before relying on this report, you should know mechanical surveys by nature are inexact. Except as noted, we have not disassembled nor removed parts from the boat’s engine or other machinery. Consequently, there is a possibility that in addition to those items noted there may be additional mechanical problems that despite our best efforts were unable to detect without extensive disassembly, examination. And reassembly which, unless specifically noted, we have not done. IN RELYING ON THIS MECHANICAL SURVEY, THE CUTOMER AND/ OR PERSONS ORDERING THIS SURVEY ACKNOWLEDGES THE ABOVE AND AGREES TO THE FOLLOWING:
• Although specific recommendations may be made, this survey will be a general survey only, unless specifically identified; otherwise and an extra fee is charged. A general survey is cursory by nature and permits only limited time for inspection on a random basis of the machinery. Not all conditions may be found with this survey.
• Except as noted, the surveyor does not operate the vessel, or make any representation of operational conditions, or seaworthiness. Equipment operation is judged from age, appearance, and some limited operation as noted.
• The actual condition of engine(s), transmission(s), or generator(s) with certainty is indiscernible without removal and complete disassembly. Other problems also may exist other than the ones found, including but not limited to coolant loss, oil leakage and consumption.
• The purchaser/ user of this report is advised the survey report is limited. It is limited by the inspection process, manner of presentation of the vessel for inspection, and possibility of latent conditions. Accordingly, no guarantee or warranty whatsoever will be given or made. All statements and comments regarding this vessels mechanical systems or any other systems, are opinions only, and no statement shall be basis for any claim against the surveyor based on warranty or guarantee.
IN THE EVENT OF DISSATISFACTION WITH THE CONDUCT OF THE MECHANICAL SURVEY, WITH ERRORS CONTAINED IN THE REPORT, OR BY OMISSION OF INFORMATION, THE SOLE AND MAXIMUM REMEDY SHALL BE LIMITED TO THE AMOUNT OF FEE ACTUALLY RECEIVED FOR THIS REPORT.
Limited Report: Our report constitutes only statements of opinion and are not to be construed or considered as
representations, warranties, or guarantees. Any statements made by the surveyor are not to be interpreted in any way as bearing upon the possible existence of insurance coverage.
Limited Liability: Edwards Marine Survey, LLC, shall not be liable to customer for any claim, loss, cost, penalty, or
damages of whatsoever kind or nature arising out of, in connection with, or incident to, the work requested except that caused by the direct sole negligence of Edwards Marine Survey LLC. Negligence must be affirmatively established. Edwards Marine Survey, LLC, shall not be liable to customer except on the limited basis identified above. Edwards Marine Survey, LLC, shall specifically not be liable for incidental, special, or consequential damages, nor loss of use, loss of profits/ earnings, crew wages, shares, salvage repair, tug expense, demurrage, loss of time, loss of freight, loss of charter, and/ or similar and/ or substituted expenses.
Edwards Marine Survey LLC
Page 28 of 28
In addition, Edwards Marine Survey, LLC, shall not be liable to customer any legal basis other than negligence as stated above. Liability to customer for breach of contract, breach of warranty or workmanlike service, strict and/ or products liability, liability for breach of warranties of merchantability or fitness for a particular purpose or any other legal theory or basis for liability, and liability (directly or indirectly) to customers insurers, are specifically agreed by customer and Edwards Marine Survey, LLC, to be excluded. It is understood by customer that Edwards Marine Survey, LLC, charges for services are based upon this limited liability. Edwards Marine Survey, LLC, agrees to assume additional liabilities only if requested by customer and a written agreement setting forth liabilities and additional charges are signed by both Edwards Marine Survey, LLC, and customer.
USCG: The USCG and other governmental agencies may require additional equipment and/ or modifications to the
vessel depending upon its use. Edwards Marine Survey, LLC, shall not be liable for anticipation of these requirements.
Markings: Edwards Marine Survey, LLC, assumes no legal or financial liability for any cosmetic work necessary to
remove marks or blemishes caused by the inspection process.
Notice, Claim, Time Limits, or Suit: Edwards Marine Survey, LLC, shall in no event be liable even on the limited
basis identified above, unless notice of claim thereof is presented in writing to Edwards Marine Survey, LLC, within ninety (90) days of completion of the work. Customer must also commence suit on any claim or controversy arising under this work order or the work performed pursuant to the work order, within six (6) months form completion of work. If customer fails to do either, then Edwards Marine Survey, LLC, shall be discharged from all liability to customer on any basis.
Law and Venue: Any work performed by Edwards Marine Survey, LLC, and any report issued by Edwards Marine
Survey, LLC, shall be construed in accordance with the laws of the state of Washington. Any action, claim, or suit between the parties must be brought in the state courts located in Seattle, King County, Washington. If Edwards Marine Survey, LLC, is the prevailing party in any litigation, it shall be entitled to recover all costs including reasonable attorney fees.
