Sample J108 Survey Report

8/17/2019 Sample J108 Survey Report

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701 S. Howard Ave Tampa, FL 336063109 Grand Ave Miami, FL 33133

“Serving All of Florida”Telephone: 888-734-7446

[email protected]

Marine Survey ReportS/V FINN

2011 J Boat J/108

Prepared Exclusivelyfor

Ms. Michealon WrightReport Date: April 21, 2016


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Sun Coast Marine Surveying & Consulting LLC

Surveyed for: Ms. Michealon Wright - 2011 J Boats J/108. Report file #: 16068 2011 J-108

Surveyed by: Sun Coast Marine Surveying & Consulting LLC, Tampa FL Page no: 1 of 39

SURVEY REPORT TABLE OF CONTENTS

Major Systems Surveyed Page No.

GENERAL INFORMATION 2

EXTERIOR HULL, DECK & BOTTOM INSPECTION 4

STANDING RIGGING 13

RUNNING RIGGING 16

SAILS INVENTORY 18

HELM STATIONS & NAVIGATION ELECTRONICS 20

CABIN INTERIOR APPOINTMENTS 21

ELECTRICAL SYSTEMS 23

PROPULSION SYSTEM 24

STEERING SYSTEM 26

TANKAGE 29

SAFETY EQUIPMENT 31

SEA TRIAL 33


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GENERAL INFORMATION

OPENING REMARKS & VESSEL SPECIFICSThis Is To Certify that the undersigned Marine Surveyor acting on behalf of SunCoast Marine Surveying & Consulting, LLC inspected the referenced the singleauxiliary diesel powered fiberglass sailing vessel on the dates specified.

Purpose of Survey The survey was made at the request of the named client and for her account, in

order to ascertain the vessel's general condition and valuation for (pre-purchase)consideration.

Attending Surveyor: Attending Surveyor Representing Buyers Interest: J. Chet Stephens SA.Circumstances of Survey: The vessel was inspected while afloat in its berth and later hauled for an inspection

of the waterline hull, appendages and machinery. All accessible compartmentswere entered, but do to paneling, liner, tanks, and installed equipment only about20 percent of the hulls interior surface could be observed. The specific materialsand lay up schedule for the fiberglass moldings could not be determined with thenon-destructive techniques available for inspection. A formal sea trial wasperformed. Machinery and equipment were inspected while operating unlessspecifically noted. Electrical power was available and used during the inspection.The deck and superstructure were examined visually and by way of ransom

percussion testing, random moisture meter readings, and thermal imaging. Thebelow draw waterline hull and appendages were examined visually and by of random percussion testing and thermal imaging were applicable. Moisture meterreadings were not taken because of the presence of metallic based antifouling paintand limited drying time.

NOTE: Ownership, HIN and Official numbers from documents. Numbers verifiedon hull. All specifications included in report are from official documents or sourcessuch as USCG Documentation, state registration, manufacturer's data or otherreference materials and were not measured during the inspection.

Surveyor Qualifications: The surveyor is a member of SAMS (Society of Accredited Marine Surveyors), and a Certified Standards Technician with ABYC

(American Boat and Yacht Council)Intended use: Recreational.

Sailboat rigging: All standing rigging was installed and checked only at eye level and below unlessotherwise specified.

CLIENT

Client name:Ms. Michealon Wright.

Street address:201 West Big River Road Suite

1420.

City/State/Zip:Troy, MI 48084.

SURVEY LOCATIONIn Water Portion: Hamilton Harbor Yacht Club 7065 Hamilton Ave.

Naples, FL

Out of Water Portion: Naples Boat Yard 2775 Bayview Dr, Naples, FL 34112.

VESSEL INFORMATIONVessel Yr/Make/Model: 2011 J Boats J/108.

Vessel name: FINN.

Hailing port: Naples, FL.


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Hull ID number (HIN):

JBC18001J011 A true digital photograph of the hull ID number of the referencedvessel is shown here.

Manufacturer/Builder: J BOATS INC, NEWPORT, RI.

VESSEL SPECIFICATIONSLength overall (L.O.A.): 35'0" per manufacturer spec's.

Load length water line(L.W.L.)

30'.6'"per manufacturer spec's.

Beam: 11'6" per manufacturer spec's.

Draft: 4'/6'8" per manufacturer spec's.

Displacement: 11400lbs per manufacturer spec's.

Ballast: 4400 lbs per broker/owner.

Fuel Capacity: 18.5 U.S. Gallons total.

Fresh Water Capacity: 33 U.S. Gallons.

BLK Water Tank

Capacity:

Unknown Capacity.

Hot Water Tank Capacity: 15 U.S. Gallons.

U.S.C.G. OFFICIAL DOCUMENTATIONOfficial DocumentationNo:

1259120.

Documented name:FINN.

Documented use:Recreational.

Documented hailing port:Naples, FL.

Documented gross tons:

15 GRT.

Documented net tons:

14 NRT.

Documented restrictions:

None.

Documented owner:

J-Charters LLC.

Documentation current:Yes Expires:07/31/16.


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EXTERIOR HULL, DECK & BOTTOM INSPECTION

DESIGN CHARATERISTICSStandard

Standard Manufactures Model

HULL: Displacement type hull with moderately raked bow, vertical withincreasing flare forward, straight reverse sheer and square stern with driveplatform. The bottom is a keel design, with a steered by twin balanced spaderudders.

DECK(S) & SUPERSTRUCTURE: Single level deck with raised foredeck andrecessed cabin house superstructure.

WATERTIGHT INTEGRITY: A single water tight compartment divided intoseparate cabins by apparently non-watertight bulkheads and a overboard self draining anchor locker at the fore peak. The hatches and portholes opening to theexterior hull, weather decks, and cockpit were apparently water tight types (ABYCStandards H-3), cockpit locker hatches were apparently water tight. Thecompanionway can be made watertight by closing the hatch and the cockpit was aself draining type via scuppers located at the aft corners of the cockpit or removalof aft section making it an open cockpit.

HULL, DECK & SUPERSTRUCTUREHull Deck &Superstructure:

Conventional fiberglass reinforced plastic (FRP) moldings with end grain balsacore material, white gel coat exterior shell below the waterline and white gel coatabove the waterline with bulkheads grafted to the hull with FRP laminates. Deck has end grain balsa core with white exterior gel coat surfaces and molded inanti-skid texture in tread areas. Hull-deck joint is an inward flange design sealedwith an elastomeric type compound and secured with stainless steel fasteners andFRP tabbing where observed.

Structural Members: Transverse longitudinal and athwartship framing system comprised of FRPlongitudinal box stringers and frames infused into the hull. Full and partialplywood bulkheads and plywood floors grafted to the hull with FRP laminates andfull and partial plywood bulkheads secured with mechanical fasteners.

Interior Construction: Veneered plywood bulkheads and doors, vinyl covered bulkheads, vinyl head andhull liner sections, pre molded FRP liner sections. Laminated formica type countertops, plywood cabin sole with laminated teak below deck.

Bottom Paint: Bottom paint is white ablative paint with minor flaking.


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Photograph(s):


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Recommendations:


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ABOVE WATERLINE HULL, DECK, SUPERSTRUCTURE, HARDWARE & FITTINGSDeck Floorplan:

Standard manufactures deck layout with no modifications to the original design.

(See Findings & Recommendations Other Observations)Anchor Platform: FRP molded platform, no gelcoat cracks or moisture sighted when tested. A single

stainless steel roller in serviceable condition with minimal wear and tear.

Toe Rails, Rails,Stanchions & Life Lines:

Molded FRP toe rail, part of deck lay up, polished stainless steel bow rail mountedto the deck with stainless steel fasteners and fitted with double row stainless steelwire rope lifelines with swaged end terminals and adjustment turn buckles,polished stainless steel grab rails secured with stainless steel fasteners at selectedareas. Firmly mounted and serviceable except as otherwise noted.

Mooring Hardware: Polished stainless steel horn cleats firmly attached with stainless steel fasteners.Hatches, Portholes,Portlight, Doors &Windows:

Sliding companionway hatch and aluminum framed hatches with Lexan typewindow at the forward end of the coach roof. Hatch sufficiently sized to act as afire escape per NFPA 302. Stainless steel framed portholes with Lexan typewindows at the ADWL hull and cord FRP hatches. Intact and serviceable except asotherwise noted.

Exterior Seating & Tables: Standard pedestal steering sailboat cockpit configuration.

Cockpit Equipment: JSI Cockpit Sunbrella and Stainless Steel Bimini (See Findings &

Recommendations Other Observations)Boarding Ladder: A stainless steel collapsible boarding ladder that is removable and stored in the

starboard cockpit locker. Ladder appears to be in like new condition.

Swim Platform: Molded in FRP swim platform, no gel coat damage sighted.

Above Draw Water Line(DWL) Thru Hulls:

Marelon thru hull fittings with stainless steel vents for fuel, waste and water tanks.All fittings show minimal to no wastage.

Photograph(s):


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BELOW DRAW WATERLINE SKIN FITTINGS, MACHINERY & HARDWAREBelow DWL Thru HullFittings:

Marelon flush mounted thru hull fittings. No wastage visible appear to be in likenew condition.

Transducer(s): Plastic type. Intact.

Sea Valves / Sea CockType:

Bronze sea cocks with mounting flanges. (See Findings & RecommendationsPriority II)

Sea Strainers: Plastic Internal strainer(s) installed. Strainers were inspected visually for cracks orany evidence of blockage. Strainers were not opened and inspected due todestructive testing restrictions. It is recommend the buyer open and inspect eachstrainer prior to taking delivery.

Note: This company suggests the sea cock/ sea valves be serviced according to themanufactures recommendations as a preventative measure upon purchasing a used

vessel and thereafter as recommended by the sea cock/ sea valve manufacturer or

more frequently as a part of the vessel's regular maintenance program. We alsostrongly recommend that one of vessel was left unattended that all below waterline

sea valves be closed with the exception of scuppers, bilge pump discharge, or other

valves that are required to be in the open position to prevent flooding of the vessel

during inclement weather. This provides an extra measure of safety for the vessel

as well as the added benefit of familiarizing the crew with safety valve locations

and to exercise the valves to prevent seizure.

Moreover, if not already done so, it is strongly suggested that properly sized

tapered wooden plugs be kept in the vicinity of each sea cock/sea valve/thru hull to

be used as a plugging device in the case of an emergency. Finally, when renewing

the vessels protective coatings, it must be kept in mind that antifouling paints

containing copper or other metals must not be applied to metal fittings and/or

machinery without first having an insulated coating such as underwater metal primer or epoxy barrier coat applied. Failure to do so can result in harmful

galvanic corrosion damage to the fittings and/or machinery.

Condition & Comments: In apparent serviceable condition except as noted in the Findings &

Recommendations.


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Photograph(s):


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KEELKeel type:

Iron keel epoxy coated including FRP centerboard with a control line led to stopperand the secondary winch. No separation or cracking was sighted at the keel to hullconnection. All keel bolts sounded were intact and no vibration when tested. Thecenterboard was deployed and retracted without incident.

Photograph(s):


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CATHODIC PROTECTIONLighting Protection: Grounded in accordance with industry practice. The mast, shroud chainplates,

stemhead fitting, backstay fitting, stanchion bases, engine, and electrical system aregrounded to the keel.

Additional Remarks: A separate bonding system survey was not performed, and a corrosion meter was not used to establish the level of protection. If a more detailed analysis is

required, a complete separate bonding system survey is recommended.

Note: A vessels bonding system should be checked as part of the vessel's regular maintenance program. Each bonding wire should be checked regularly for

corrosion, and its connection should be checked for connectivity. Resistance

should be less than one (1) Ohm.


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STANDING RIGGING

SPARSMast(s):

Tapered painted aluminum mast with double air foil spreaders that is keel stepped.The mast showed minimum wear and tear, the mast boot was in serviceablecondition and no signs of leakage were sighted. Halyards run internal inside the

mast and the mast head has a wind vane, wind speed and NHF antenna. (See

Findings & Recommendations Other Observations)Boom(s): Painted aluminum mast secured with a black anodized gooseneck fitting. Boom has

an internal outhaul and mainsail reef line sheaves, main sheet and rigid vang tangs.A solid boomvang with cascade purchase.

Condition: All spars in good working condition unless otherwise noted in the Findings & Recommendations Summary.


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Photograph(s):


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STAYS & SHROUDSMaterial & Condition: Continuous stainless steel dyform standing rigging. Hydraulic backstay adjuster

and all stainless steel chainplates. All appear in like new condition.

Ends: Swaged-Stainless steel.

Turnbuckles: Stainless steel open barrel design, No cracks or corrosion sighted on turnbuckles.

Condition: All standing rigging in good working condition unless otherwise noted in the Findings & Recommendations Summary.

Photograph(s):


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STANDING RIGGING STATEMENT All standing rigging was observed at eye level only. It is recommend when buying

a used sailing vessel to have a professional rigger inspect all standing rigging and report on it's condition.

RUNNING RIGGING

FURLING GEARFurling type: Foresail furler is a Harken, with aluminum furling foil over forestay. with single

furler line. The control line on furling spool is serviceable and shows no abnormalwear. Sail unfurled/furled --fully functional.


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Photograph(s):

HALYARDS / SHEETSAll halyards and Sheets: All halyards sighted are colored yacht braid and in good condition showing

minimal wear and tear. All lines run to the cockpit and are controlled by clutchesmounted on the cabin top.

Photograph(s):

WINCHESCOCKPIT: Harken #40 & #46 two speed self tailing. Winches were in good working

condition, secure and sun freely when tested. Winches showed minimal wear andtear.


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CABIN TOP: The following winches were sighted on both port and starboard sides of the cabintop: Harken #35 two speed self tailing. Winches were in good working condition,secure and sun freely when tested. Winches showed minimal wear and tear.

Winch handles: Sighted aboard and appear serviceable.

Photograph(s):

OTHER SAIL HANDLINGTraveler: Harken, Blocks and track appear serviceable and well secured.

Traveler car runs smoothly side to side.

Blocks: Harken.

Genoa Sailtracks / Cars: Securely mounted on both side decks.

Battens: Fiberglass battens-Appear serviceable.

RUNNING RIGGING & OTHER SAIL HANDLING EQUIPMENT STATEMENT All running rigging was observed at eye level only. It is recommend when buying

a used sailing vessel to have a professional rigger inspect all running rigging and

report on it's condition.

SAILS INVENTORY

MAINSAIL(S)Type of sail(s): Doyle GPL14 carbon full batten main. Sail appeared to be in serviceable condition,

no loose threads were sighted and all battens intact.


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Photograph(s):

FORESAIL(S)Type of sail(s): Doyle GPL14 carbon jib. Jib unfurled and appeared to be in good condition with

no lose threads,

Photograph(s):

SPINNAKER(S)Type of sail(s): Reaching 97 SM .75 oz. spinnaker, sail was bagged and not inspected.

SAILS COMMENTSSail inspection note: Recommend all sails be fully inspected by a qualified sail maker to determine

sail stretch, tears, loose or worn seams, batten pockets if equipped etc.


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HELM STATIONS & NAVIGATION ELECTRONICS

NAVIGATION ELECTRONICSHelm Station: Electronics mounted on cockpit bulkhead and at Navigation station inside cabin

and mounted on the pedestal and cockpit. ICOM M504 VHF radio at the Navstation and Commander remote mic at the helm. Suunto compass in the cockpit

(accuracy not verified), Garmin GPS Map 740. Raymarine ST 70 wind

direction/speed, vessel speed and depth. Next to the helm is a Raymarine autohelm.All electronics are in like new condition and functioned properly when tested.Autohelm functioned when tested.

Photograph(s):


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CABIN INTERIOR APPOINTMENTS

ACCOMMODATIONSManufactures Image:

Standard manufacture layout, no interior changes to the original factory

designed interior. Not to scale. For general information purposes only.

Entertainment/Berthing &Salon:

Fusion brand in dash type (automotive style) 12 VDc model RA200 /MP3/Satelitte/AM/FM digital stereo mounted in the cabin near the electricaldistribution panel. A forward V berth, An aft berth accessed on the port side. Thecenter cabin area is the salon featuring two settees on the port and starboard sidewith a fold town teak center table. All upholstery is in like new condition. Theappliances powered up and appeared to function normally and showed negligiblewear and tear. Furthermore the berthing and entertainment provisions were

considered to be satisfactory for the vessels type. (See Findings &Recommendations Other Observations)

Interior Lighting: 12 VDc . Operable except as noted in the findings.

Galley/ Dinette &Navigation Station:

The galley was fitted with a Corian like counter top, storage lockers, cabinets anddrawers. Dual stainless steel sink and piped with flex type drain hose secured withhose clamp and polished stainless steel faucet and seaward foot pump. Gimbaledmounted Techimpex Top Three stove/oven, Waeco refrigerated ice box. All of thegalley appliances and equipment operated normally and presented low exterior

wear and tear. The galley arrangement was also considered adequate for the vesseltype. The navigation station is to starboard forward of the water closet withopening chart table and seat.

Water Closet(s): One water closet formed with pre-molded FRP liner module with gelcoat andexterior surfaces and Corian type counter. Wash basin piped with flex hose andsecured with hose clamp to polished stainless steel faucet that can be hand held.Integrated shower stall with drain on sole. 12VDc exhaust fan. A Sealand brandmarine head (Toilet) that operates on a vacuum flush system piped with reinforcedhoses and secured with hose clamps. The installed equipment operated normallyand presented low wear and tear.

Additional Remarks: If the galley appliances are to be used while underway, at anchor, or during other conditions were vessel movement may take place it is strongly suggested that a

galley strap and strong attachment points be installed at the galley stove. We alsostrongly suggest that a fire blanket and a water gel burn blanket be placed in the

galley area.


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Photograph(s):


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ELECTRICAL SYSTEMS

DIRECT CURRENT (D.C). SYSTEMSDirect Current System(s)Type:

The vessel was equipped with a single 12VDc system consisting of two batterybanks. (1) Group 24 12VDc wet cell lead acid batteries located in the enginecompartment. The battery was well secured and positive terminal was covered witha boot. The house battery is a single 12-150 AGM battery located below the salontable in a special battery compartment. Three rotary switches located below thenavigation station. Where visible the vessel was wired with multi stranded copperconductors with plastic type insulation. Much of the wire did not appear to havebeen modified from its factory installation. Furthermore, were observed, noindications of overheating conductor insulation was observed. The terminals weresplices could be seen, consisted of ring terminals, terminal plugs, spade and bladeterminals, fork terminals, common butt splices, and waterproof butt splices. Batterycharging was accomplished by 12 VDc unknown amperage alternators on eachengine, and shore power by the Christec battery charger that powered up. The mainDC panel board is located at the navigation station. All panels were clearly markedfor voltage. Over current protection of the system was provided by a variety of

in-line fuses of different types, push button thermal reset breakers and circuitbreakers.

Photograph(s):


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ALTERNATING CURRENT (A.C.) SYSTEM(S)Shore Power System: The vessel was equipped with two 120 VAc Marinco 50amp single phase Ac

system. The vessel shore power connection is located on the starboard side of thecockpit and is to the system. The operable main shore power circuit breaker islocated on the Cristec charger system.

Photograph(s):

PROPULSION SYSTEM

MAIN ENGINE(S)No./Type/Cylinders: Inboard Volvo Penta D1-30F Diesel, Naturally aspirated Sail Drive system. The

engine has a closed water system. Coolant level was full. All hoses, belts andclamps were in usable condition No evidence of oil leaks were sighted and allmotor mounts were secure.

Serial no(s): 869645.

Engine(s) Hours: 355 Hours.


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Photographs:

EXHAUST SYSTEMDischarge Location(s): Transom.Piping/Clamps: Flex hose- No cracks sighted.

Muffler(s): In line.

Photographs:

TRANSMISSION(S)Manufacturer/Model: ZF Hurth sail drive unit with folding two bladed prop. Sail drive lube oil in good

condition. Intake screens on the sail drive were clear and prop was in good

condition.


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Photograph(s):

STEERING SYSTEM

STEERING SYSTEMManufacturer & Type: Edson Chain and sprocket using a stainless steel bearing system operating two

rudders. A large stainless steel helm wheel at the helm. All chain, rudder bearingsin good condition with minimal wear and tear. A stainless steel tie bar betweenrudders in good condition. Two fiberglass rudders with minimal movement. An

emergency tiller with mounts in the cockpit were sighted and tested. (See Findings

& Recommendations Other Observations)


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Photograph(s):


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TANKAGE

FUEL TANK(S) & PIPINGNo & Location: One tank located below the aft berth with visible manufactures label on the top of

the tank. The tank weas secured with aluminum and stainless steel fasteners to thebulkhead and due to the location access was limited and only part of the inboard

sides and tops could be observed. Grounding conductor weas observed at the tank.The fill hoses were USCG approved Type A hoses secured with double hoseclamps where visible. The tank was vented to topside mounted fittings with flamesscreens and were plumbed with SAE j1527 hoses secured with hose clamps. Thefuel supply and return hoses were also SAEj1527 with swaged mechanical fittings,and the engines were equipped with OEM type flexible fuel lines and metal fueltubing. Tank appear to be original and in serviceable condition.

Photograph(s):

FRESH WATER TANK(S)No & Locations of Tank(s):

One water tank is mounted below the port settee. A analog tank level meter islocated on the electrical distribution panel. The freshwater system is equipped witha Jabsco brand 12VDc on demand water pump located in the settee, water pump

was functional when tested. A plastic accumulator tank was also mounted next tothe water pump.

Photograph(s):

HOLDING TANK(S) - BLACK WATERMarine Sanitation Device: Certification Type: MSD U.S.C.G. Type III. (Holding tank). Waste tank is

connected to deck waste fitting for pump out.


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Photograph(s):

WATER HEATERTank Tyoe & Location: Engine compartment. Nautic boiler fiberglass tank with heat exchanger hoses and

connected to the VAc shore power. Tank appears to be in like new condition.

Photograph(s):


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LPG (PROPANE) TANK(S)No & Location of Tanks:

One tank, Cockpit dedicated LPG locker. Tank is fully secured and fitted withpressure gauge and OPD device. The locker was properly vented.

SAFETY EQUIPMENT

U.S.C.G. REQUIRED

Navigation Lights: All Navigation lights are fully operational.Life Jackets(PFD's): The following USCG approved life jackets were sighted on board: (4) Adult USCG

Type II, (6) Adult USCG Type III all in like new condition.

Throwable Type PFD's: The type of USCG approved throwable PFD devices sighted were: (1) USCGapproved buoyant cushion(s), (1), USCG approved Lifesling rescue system deviceboth show minimal wear and tear.

Visual Distress Signals: (8) Red hand held, Signals are current NOTE: All visual distress signals have a printed expiration date- 3 years from date of manufacture. It is recommended that

expired signals be retained for backup. You must have at least three aerial or three red hand held signals that are current.

Sound Devices: Hand held air horn is available and was functional when tested.

USCG placards: (See Findings & Recommendations Priority I)

Flame arrestor(s): Yes- USCG approved.Engine ventilation: Power exhaust ventilation blower(s) are installed and fully operational.

Ignition protection: Yes - all electrical equipment sighted in the engine space appears to be OEM / Ignition protected equipment.


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Photograph(s):

FIRE FIGHTING EQUIPMENTFIRE EQUIPMENTOBSERVATION:

(See Findings & Recommendations Priority I)


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BILGE PUMPSMIDSHIP/CENTRALBILGE:

Whale 12VDc 650 LPH pump in the bilge area. Pump powered up when tested.

MANUAL PUMPS: Whale manual operated bilge pump. Appears serviceable.

Photograph(s):

GROUND TACKLE & WINDLESSAnchors & Rodes: Delta 44Lb stainless steel anchor with undetermined raw chain and rode with a

Quick brand windless operated from a remote connected from the forward V berth.Windless functioned properly when tested.

Photograph(s):

SEA TRIAL

SEA TRIAL DETAILSObservations: A formal sea trial was conducted while in route back from the vessel haul out

returning to the vessels berth. Weather conditions were partly cloudy skies, atemperature of approximately 85°F and a moderate chop on the waterway. Thevessel was operated by Craig Crossley the listing broker. Attending were thebuyers Ms. Michealon Wright, Craig Crossley and attending surveyor.


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The total operational time considered sea trialing was from 12:41 PM andcompleted at 2:01 PM. Total sea trial time was approximately one hour and 15minutes.

The vessel responded to throttle, and helm manipulation in a normal andpredictable manner, and visibility from helm considered adequate for the vessels

type. Wide open throttle speed of the engine was observed at approximately 2700RPM which resulted in his speed over ground of 8.7 mph SOG. No water leaks intothe vessel were discovered nor were any abnormal movements or noises emanatingfrom the vessel's structure discovered. All observed engine temperatures, oilpressures and RPMs as per the vessels gauges appeared to operate at acceptabletemperature ranges and pressure ranges. The running rigging, furling and sails benton vessel at the time of the survey were all deployed and tested.

Photograph(s):


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INSPECTION RECOMMENDATIONS SUMMARY

PRIORITY I - SAFETY & REGULATORY RECOMMENDATIONS: (MAY BE MANDATORY)

The items listed are required by state laws or federal laws and U.S.C.G. regulations or are considered by theattending surveyor to represent unsafe operating conditions. Recommend these items be corrected before next use

of vessel.

SAFETY EQUIPMENTU.S.C.G. REQUIRED

Findings:

No placards sighted for oil or garbage. These are required for any vessel 26' or longer.

Recommendations:

To avoid a potential large fine, install a USCG ''No Discharge of Oil'' placard in or near engine space tocomply with -33 CFR 155.450 and post a trash disposal placard near the waste area to comply with USCG33 CFR 151.59.

FIRE FIGHTING EQUIPMENTFindings:

Insufficient number of Fire fighting equipment sighted.

Recommendations:

USCG standards for vessels 26 to 40 feet require two (2) BI extinguishers or one (1) BI and (1) one Fixedsystem. ABYC A4.6.3 and NFPA 10.2.1 recommend three (3) extinguishers: one(1) outside the enginecompartment, One at steering position and One near the galley or passenger cockpit. Recommendcompliance with ABYC and NFPA for this size vessel and fire extinguishers should be permanentlymounted and readily available using the mounting system for the brand chosen.

PRIORITY II - MAINTENANCE & STANDARDS RELATED RECOMMENDATIONS: (NOT NORMALLY MANDATORY)

These are important maintenance items sighted which in this firm's opinion should be performed. They may alsoinclude recommendations to conform to current ABYC and NFPA-302 voluntary standards which may not havebeen in effect or may not have been adhered to by the builder when the vessel was constructed. Some of these, if not addressed, could lead to a Priority I safety issue and/or may result in a reduced vessel market value.

EXTERIOR HULL, DECK & BOTTOM INSPECTIONBELOW DRAW WATERLINE SKIN FITTINGS, MACHINERY & HARDWAREFindings:

Hose clamps on a sea valve below the galley sink has corrosion on both clamps.

Recommendations:Replace all hose clamps showing any signs of corrosion.


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OTHER OBSERVATIONS:These are other less significant maintenance items or observations that if not addressed, could lead to moreimportant priority issues and/or could lead to a reduced vessel market value. The cost of addressing theserecommendations is generally minimal.

EXTERIOR HULL, DECK & BOTTOM INSPECTIONHULL, DECK & SUPERSTRUCTUREFindings:

1. Minor bottom paint flaking.

2. Two minor gelcoat chips sighted on the port hull and a repair was sighted on the starboard hull where thedeck meets midship.

Recommendations:

1. Touch up bottom paint.

2. Repair small gelcoat chips to make hull like new or better condition and monitor starboard repair andtake action if required to maintain vessel appearance.

ABOVE WATERLINE HULL, DECK, SUPERSTRUCTURE, HARDWARE & FITTINGS

Findings:Bimini shows some wear and tear with several small holes.

Recommendations:

Repair or replace the bimini to make in like new or better condition.

STANDING RIGGINGSPARSFindings:

Fasteners at the foot of the mast need to be tightened.

Recommendations:

Tightened all mast fittings.

CABIN INTERIOR APPOINTMENTSACCOMMODATIONSFindings:

Stains were sighted on the starboard side port light curtain and sill.

Recommendations:

Clean curtain and remove stain from port light sill.

STEERING SYSTEMSTEERING SYSTEMFindings:

Elevated moisture meter readings were sighted on the port rudder. Percussion soundings and thermalimaging did not support the elevated moisture readings and no anomalies were identified other then the useof a moisture meter.

Recommendations:

Monitor the port rudder and take action if further evidence exists of moisture.


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CONDITION & VALUE REPORT SUMMARY

VALUATION:The definition of "Fair Market Value" as used in this report is that as issued by the Machinery & Technical Specialtiesof the American Society of Appraisers-July 25, 2010.

The" Fair Market Value" "is, "an opinion, expressed in terms of money, at which a property would change handsbetween a willing buyer and a willing seller, neither under any compulsion to buy or sell, and both having reasonableknowledge of relevant facts, as of a specific date." Implicit in this definition is the consummation of a sale as of aspecified date and of 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 acting in what they consider their own best interest.c. A reasonable amount of time is allowed for exposure in the open market.d. Payment is made in terms of cash in US dollars or in terms of financial arrangements comparable thereto; ande. The price represents a normal consideration for the vessel sold unaffected by special or creative financing or salesconcessions granted by anyone associated with the sale.

The valuation offered in this report is based on the vessel's apparent condition on the date of the survey andassumes that the vessel's engines and/or other installed equipment not proven during the survey inspection are in

fact operational. Discoveries made as a consequence of additional testing/inspection procedures may significantlylower this valuation. Also, there is no warranty given, or implied, of the future useful life of engines or machinerydescribed herein. Valuations are developed by using some or all of the following resources; commercially publishedused boat price guides(BUC, NADA, Boats & Harbors, Soldboats.com, Yactworld, etc.), commonly accepted Marinedepreciation schedules, and consultations with knowledgeable boat brokers not involved with this specifictransaction. The "ESTIMATED REPLACEMENT COST" indicates the retail cost of a new vessel of the samemake/model with similar equipment offered by the same manufacturer or comparable vessel with the sameequipment.

A. The current BUC ValuePro provides a value range of approx. No BUC Valuation Available for the J/108

B. NADA database query resulted in a value range of approx. No NADA Valuation Available for the J/108

C. There are no Soldboat listings for the J108 due to the vessels very limited production. The following were the verified actualsales found for this year, make and best comparable model vessel with sales between Feb. 2015 to March 2016 listed bySoldboats. Both models were J/111 36' J Boats.1. Vessel year: 2011 Location: UK Date Sold: 04/15 Sale Price: $231,800.00 USD2. Vessel year: 2011 Location: WA Date Sold: 03/16 Sale Price: $210,000.00

D. There are no current active listings for any J/108 vessels that could be located. Therefore, consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel the:

Estimated Fair Market Value is: $215,000.00Estimated Replacement Cost is: $340,000.00


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CERTIFICATION:Acting on behalf of Sun Coast Marine Surveying & Consulting LLC, the undersigned surveyor certifies that to the best of myknowledge and belief: That the statements of fact in this report are true and correct. The reported analysis, opinions andconclusions are limited only by the reported assumptions and limiting conditions at the time of inspection and are mypersonal, impartial and unbiased professional analysis, opinions and conclusions. I have no present or prospectiveinterest in the property that is the subject of this report and no personal interest with respect to the parties involved. I

have no bias with the respect to the property that is the subject of this report or to the parties involved with thisassignment. My engagement in this assignment was not contingent upon development or reporting of apredetermined value or direction in value that favors the cause of the client or seller, the amount of the value opinion,the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use ofthe report content including the appraisal.

REPORT SUBMITTED WITHOUT PREJUDICE

Sun Coast Marine Surveying and Consulting LLC

J Chet Stephens By:

Operating Manager

J. Chet Stephens, SAMS-SA

Documents

Sample J108 Survey Report