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Ian M. White MARINE SURVEYOR 1985 CARVER 28 VOYAGER “SAMPLE” 1171 Crossfield Ave., Kingston, ON, K7P 0A2 613 483‐0393
REPORT OF MARINE SURVEY OF THE VESSEL " SAMPLE" 1985 CARVER 28 VOYAGER CONDUCTED BY Ian M. White MARINE SURVEYOR PREPARED FOR: xxxxxxx JULY xx, 200x “SAMPLE” surveyed by Ian M. White 2 of 30 1. INTRODUCTION ................................................................................................................ 5 1.1. DEFINITION OF TERMS: ............................................................................................................. 6 1.2. VESSEL DESCRIPTION ................................................................................................................ 7 2. GENERAL INFORMATION ............................................................................................... 8 3. SYSTEMS .............................................................................................................................. 9 3.1. HULL DECK AND SUPERSTRUCTURE........................................................................................... 9 3.3. ACCOMMODATIONS: ............................................................................................................... 12 3.4. PROPULSION ........................................................................................................................... 13 3.5. FUEL SYSTEM ........................................................................................................................... 14 3.6. ELECTRICAL SYSTEMS ............................................................................................................... 14 3.7. FRESH WATER SYSTEM (POTABLE WATER) ............................................................................... 15 3.8. SANITATION ............................................................................................................................ 16 3.9. STEERING SYSTEM ................................................................................................................... 16 3.10. GROUND TACKLE ..................................................................................................................... 16 3.11. ELECTRONICS AND NAVIGATION EQUIPMENT .......................................................................... 18 3.12. THRU‐HULLS ............................................................................................................................ 19 3.13. BONDING SYSTEM ................................................................................................................... 22 3.14. SAFETY EQUIPMENT ................................................................................................................ 22 3.15. AIR CONDITIONING AND HEAT ................................................................................................ 23 4. FINDINGS AND RECOMMENDATIONS ...................................................................... 24 “A” SAFETY DEFICIENCIES ..................................................................................................................... 25 “B” OTHER DEFICIENCIES NEEDING ATTENTION .................................................................................... 25 “SAMPLE” surveyed by Ian M. White 3 of 30 “C” SURVEYORS NOTES AND OBSERVATIONS ..................................................................................... 25 5. SUMMARY AND VALUATION ....................................................................................... 26 5.1. STATEMENT OF OVERALL VESSEL RATING OF CONDITION: ....................................................... 26 5.2. STATEMENT OF VALUATION: ................................................................................................... 27 5.3. SUMMARY: ............................................................................................................................. 28 5.4. SURVEYOR'S CERTIFICATION: ................................................................................................... 29 6. APPENDICES ..................................................................................................................... 30 6.1. Photos ..................................................................................................................................... 30 “SAMPLE” surveyed by Ian M. White 4 of 30 1. INTRODUCTION Acting at the request of XXXXXX the attending surveyor did go on board the “SAMPLE” on July xx, 200x from 8:00 am to 2:00 pm where an ''in‐the‐water‐survey and out of water survey'' was conducted at xxxxxx in xxxxx, Ontario. The Hull Identification Number is xxxxxxxx . A sea trial was not performed. The reason for the survey was to ascertain the physical condition and value of the vessel. Moisture readings taken and referenced in the report were taken with a Skipper Plus meter. DC power was used to check operation of the electrical systems specified in this report only. AC power was not available. 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 also preclude inspection. The 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 date(s), and is the unbiased opinion of the undersigned, but it is not to be considered an inventory or a warranty either specified or implied. TRANSPORT CANADA “CONSTRUCTION STANDARDS FOR SMALL VESSELS, TP1332e”, AND TRANSPORT CANADA “SAFE BOATING GUIDE “TP 511E (01/2009), AND THE VOLUNTARY STANDARDS AND RECOMMENDED PRACTICES DEVELOPED BY THE AMERICAN BOAT AND YACHT COUNCIL (ABYC) HAVE BEEN USED AS GUIDELINES IN THE CONDUCT OF THIS SURVEY. Findings reflect conditions observed AT THE TIME OF SURVEY. HIN xxxxxxx “SAMPLE” surveyed by Ian M. White 5 of 30 1.1.
DEFINITION OF TERMS: The following terms and words 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 SERVICE: Service for which it was designed and manufactured by the naval architect and/or builder. FIT FOR INTENDED USE: Use which is intended by Survey Purchaser (present or prospective owner). 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. 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 finding will be listed in the ''Findings and Recommendations'' section pertaining to the * item. “SAMPLE” surveyed by Ian M. White 6 of 30 1.2.
VESSEL DESCRIPTION The Carver 28 Voyager is a Flybridge Sedan cruiser. The vessel is powered by twin V‐8 gasoline motors with v drives. She has an ample foredeck, a low profile cabin forward and a raised deck house and an aft cockpit. Below decks she has a forward cabin with double berth and a vanity sink. Aft to port is a helm station and a convertible dinette. To starboard is a hanging locker and a settee with storage and drawers under. Aft to starboard is an L shaped galley with alcohol stove, refrigerator, and sink with pressure hot/cold water. Aft to port is a head with vanity sink, manual marine toilet and shower. The main salon has sliding windows with screens and there is one opening hatch forward. The cabin sole is carpeted and the cabin joinery work is synthetic covered with teak trim. “SAMPLE” surveyed by Ian M. White 7 of 30 2. GENERAL INFORMATION SURVEY PREPARED FOR: Name: Address: Phone: E‐Mail NAME OF VESSEL: SAMPLE TYPE OF SURVEY: Condition and Valuation, Pre purchase YEAR/MAKE/MODEL O F VESSEL: 1985 Carver 28 Voyager HULL IDENTIFICATION NUMBER xxxxxxxxxxxx (HIN): PLACE OF SURVEY: Xxxxx,xxxxx, Ontario DATE/TIME OF SURVEY: July xx, 200x 8AM‐ 2PM HULL MATERIAL: Fiberglass Reinforced Plastic (FRP) HULL TYPE: Semi Displacement LENGTH OVER ALL (L.O.A): 31’ * BEAM: 11’ 1” * DRAFT: 2’ 10” * DISPLACEMENT: 10300 # * PROPULSION SYSTEM: Twin v8 Gasoline engines FUEL TYPE: Gasoline INTENDED USE: Inland waters cruising Asterisks denote source of information * Per Broker ** Per Transport Canada Documentation *** Per BUC Book ****ships papers “SAMPLE” surveyed by Ian M. White 8 of 30 3. SYSTEMS 3.1.
HULL DECK AND SUPERSTRUCTURE 3.1.1. HULL TYPE: Semi Displacement MATERIAL: Fiberglass Reinforced Plastic (FRP) DESCRIPTION: White hull, deck and superstructure with Stainless Steel (SS) fittings and railings and black canvas enclosure. 3.1.1.1.
A BOVE W ATERLINE STEM: Sighted as Serviceable TRANSOM: Sighted as Serviceable PORTLIGHTS: None in Hull 3.1.1.2.
B ELOW WATERLINE AND MECHANICAL EQUIPMENT PROPELLERS: 16 ½ “ diameter 3 blade bronze SHAFTS: 1 ¼” SS STRUTS: 2. cast TRIM TABS: 2 THRU HULLS STRAINERS, SCOOPS AND SCREENS: TRANSDUCERS: Clear of Debris 1 clean GROUNDING PLATES: Struts are used as grounding points ZINCS: 1 on each shaft. Serviceable *C1 CONDITION OF HULL (BLISTERS, BORERS, PAINT) : No evidence of blisters or delamination. The hull percussion tested as sound throughout. There is some evidence of high moisture readings throughout the hull below the waterline. RUDDERS: “SAMPLE” 2 metal rudders. Both are clean and firm in their installation. surveyed by Ian M. White 9 of 30 3.1.1.3.
I NTERIOR BULKHEADS AND TABBING: Sighted as sound where visible in engine compartment and bilges. STRINGERS: Percussion tested sound BILGE: Clean except where noted. Some standing water LIMBER HOLES: Clear 3.1.2. DECK, COCKPIT AND SUPERSTRUCTURE Foredeck with anchor platform, low coach roof and cabin structure with Flybridge and cockpit aft. The full area was tested with the Skipper Plus Moisture meter and found to be dry. *C3 There are cracks in the Gelcoat at the point of intersection of the cockpit rails with the deck house and along the bottom of the cockpit floor near the front. MATERIAL: FRP *C7 DECK FITTINGS: SS Cleats 5x10”; 4x8”. All cleats are slightly loose *B 3 STANCHIONS: ¾” SS stanchions, rails and pulpit. Serviceable. The five aft stanchions on both sides appear to be slightly loose. HATCHES AND VENTILATION: 1 hatch in forward cabin with solar ventilator. Both are serviceable. No evidence of water leakage. FIXED PORTS: Sliding windows on Port and Starboard and aft of main cabin. All include screens. All show no sign of leakage. All are serviceable. GRAB RAIL: ¾” SS. Serviceable *C 1 SWIM PLATFORM: throughout. Percussion tested as sound. Moisture meter indicated wet * C4 ANCHOR PLATFORM: center cleat. Tested as sound. There are stress cracks in the gel under the “SAMPLE” surveyed by Ian M. White 10 of 30 3.1.3. HULL‐TO‐DECK JOINT No evidence of water incursion at this joint where sighted in the anchor locker. TYPE: External flange FASTNERS: Screw type, metallic on 6” BEDDING COMPOUND: REINFORCEMENT: Not visible Joint is screwed through the rub rail, through the join and into a wooden backing 3.1.4. BRIDGE DECK MATERIAL: FRP SEATS: U shaped seating with convertible seating for 2 facing forward or aft. Serviceable . WINDHIELD: Plexi splash guard under ¾” SS rail. Serviceable 3.1.5. ADDITIONAL EQUIPMENT AND ACCESSORIES CANVAS AND COVERS: Black canvas with clear plastic enclosures over Flybridge and cockpit. All fasteners and zippers appear serviceable. Material and stitching appears serviceable. 3.2. CABIN APPOINTMENTS *C5 WATER INTRUSION SIGNS: There are signs of water intrusion below the port chain locker bulkhead on the upholstery. The upholstery on both sides aft of the chain locker show signs of mildew. STORAGE AREAS: Ample clean and dry HEADLINERS: Clean and serviceable DOORWAYS: 3. forward cabin, head and aft cabin. All are serviceable FABRIC AND CUSHIONS: “SAMPLE” Clean and serviceable surveyed by Ian M. White 11 of 30 FLOOR AND WINDOW COVERINGS: Clean and serviceable LIGHT FIXTURES: 2 in forward cabin – serviceable 3 in main salon – serviceable 1 in Head – serviceable 2 under galley counter at floor level – serviceable *C6 2 in cockpit; port serviceable; starboard unserviceable *C6 1 on Flybridge ‐ unserviceable FANS: 1 Head exhaust fan is serviceable 1 fan in forward cabin is serviceable VENTILATION: Adequate through hatches and windows 3.3.
ACCOMMODATIONS: 3.3.1. HEAD LOCATION: Aft of main salon. HEADS: 1 manual toilet – serviceable SHOWERS: 1 not tested. Drains to sump in head floor and is pumped overboard with a 12v pump. Pump powers up. FAUCET AND FIXTURES: serviceable 3.3.2. GALLEY SINKS: 1 SS ‐ serviceable REFRIGERATION: 1 12 V. Appears clean. Powers up STOVE/OVEN: 1 2burner alcohol stove. Not tested MICROWAVE: 1 under stove. Not tested 3.3.3. SALON FURNISHINGS: Settee, dinette, dinette table and all associated cushions are serviceable “SAMPLE” surveyed by Ian M. White 12 of 30 3.4.
PROPULSION 3.4.1. MAIN ENGINE TYPE: Twin Mercruiser V8 SERIAL NUMBER: Port A459297 Starboard A 459332 HORSE POWER: 230 hp each (as per Broker Specs) NUMBER OF CYLINDERS: INDICATED HOURS: 8 not sighted THROTTLE CONTROLS: At main salon helm station and Flybridge ENGINE MOUNTS AND BED: sighted and percussion tested as sound EXHAUST SYSTEM: sighted as sound ENGINE ALARMS: none sighted BLOWERS: 1 powers up EMERGENCY SHUT DOWN: not sighted DRIP PANS: none. There is some evidence of oil below the port engine – aft; and below the Hynautic unit at the transom. Some oil on top of both engines. VENTILATION: adequate through two vents on each quarter SYNCHRONIZER: Digital tachometer synchronizer on Flybridge – not tested 3.4.2. COOLING SYSTEM TYPE: Raw water cooled. Intake forward of each engine. Ball type sea cocks. Port sea cock is stiff. Starboard not tested due to inaccessibility HOSES AND CLAMPS: firm, well routed and clamped BELTS AND PULLEYS: appear serviceable STRAINORS: none sighted 3.4.3. TRANSMISSION TYPE: V drive CONTROLS: at main helm and Flybridge PACKING GLAND: “SAMPLE” 2 Sighted. Appear serviceable but access is difficult for close inspection surveyed by Ian M. White 13 of 30 SHAFTS: 3.5.
FUEL TYPE: 1 ¼” SS ‐ serviceable FUEL SYSTEM Gasoline TANK LOCATION: 2; Port and starboard – outboard of engines MATERIAL: Aluminum CAPACITY: 150 gal. MANUFACTURING LABEL: not sighted FILL PIPE LOCATIONS: Port and starboard deck – forward of cockpit both marked GAS FILL PIPE GROUNDED: Both grounded HOSE CONNECTIONS, CLAMPS AND FITTINGS: appear serviceable TANK GUAGE: At main helm station and Flybridge. Did not appear serviceable VENT LOCATION: SECURED: on hull below fill point yes FUEL MANIFOLD VALVES: 3.6.
on starboard side forward of engine ELECTRICAL SYSTEMS 3.6.1. ELECTRICAL SYSTEM (D.C. SYSTEM) VOLTAGE: 12V BATTERIES: 2 12 V located in boxes aft of engines MAIN BATTERY SWITCHES: PANEL: aft of main cabin, below sliding door under aft dinette settee. AC –DC combined CONDUCTOR CONNECTORS & ROUTING/SUPPORT: CHARGING SYSTEM: Where visible in engine compartment and bilges all wiring is well routed, supported and connected battery charger not sighted CHARGING SYSTEM (ALTERNATORS): Alternators on both engines. Not tested. 3.6.2. ELECTRICAL SYSTEM (A.C. SYSTEM) SHORE POWER INLET: cockpit, portside forward “SAMPLE” surveyed by Ian M. White 14 of 30 SHORE POWER CORD: 30 amp. 50’ cord (as per Broker Specs) MAIN BREAKER: on main panel with reverse polarity indicator BRANCH BREAKERS: 6 *A1 OUTLETS: 4 sighted. None were tested for serviceability or polarity. 1 in head (GFCI); 1 in galley (GFCI); 1 forward above cabin door (not GFCI); 1 below dinette (not GFCI) GALVANIC ISOLATOR: None sighted WIRING AND CONECTORS: Wiring where sighted at the Air Conditioning Unit and Hot water heater appears serviceable. 3.7.
FRESH WATER SYSTEM (POTABLE WATER) STORAGE TANKS: 1 located under Salon floor‐ forward *B2 PUMP: Electric located in the bilge directly aft of tank. There is a water leak at the tank /line to pump connector (see pictures) MATERIAL: plastic FILL PIPE LOCATION: starboard deck – amidships. Marked WATER VENT PIPE LOCATION: Below fill HOSES AND CLAMPS: plastic hoses; well clamped appears serviceable *B1 DOCKSIDE PRESSURE REGULATOR: There is a domestic water intake fitting on the port side of the transom; unable to determine if this is a pressure regulator 3.7.1. HOT WATER SYSTEM TYPE: A/C Hot water heater. MANUFACTURER: Seaward PRESSURE RELIEF VALVE: PLUMBING: “SAMPLE” yes; routed overboard. appears serviceable surveyed by Ian M. White 15 of 30 3.8.
SANITATION 3.8.1. SANITATION (BLACK WATER) NUMBER OF HEADS: 1 TYPE: 1 manual toilet RAW WATER SUPPLY AND CLAMPS: supplied from seacock; forward of holding tank; well clamped DISCHARGE HOSES AND CLAMPS: serviceable PUMP‐OUT LOCATION: port deck‐ amidships. Marked WASTE HOLDING TANK: under main salon floor – aft of water tank. 3.8.2. SANITATION (GREY WATER) HEAD BASINS, SHOWERS, HOSES AND CLAMPS: 2 basins – 1 forward, 1 in head and 1 in shower. All hoses and clamps where sighted in the bilge and in the vanities appear serviceable GALLEY SINK: 1 sink. Hoses and clamps appear serviceable 3.9.
STEERING SYSTEM MANUFACTURER AND TYPE: STATIONS: Hynautic 2. 1 in main salon; 1 at Flybridge PULLEYS, CABLE AND CHAIN CONDITION: appears serviceable. RUDDER STOCKS: Appears serviceable UPPER RUDDER BEARING SUPPORT: PACKING GLAND: where sighted in the engine compartment appears serviceable no visible leakage 3.10.
ANCHORS: “SAMPLE” GROUND TACKLE 1 Plow on roller at anchor platform surveyed by Ian M. White 16 of 30 1 Danforth in center engine compartment with chain and line rode. RODE MATERIAL: on foredeck. “SAMPLE” chain and line. Stowed in anchor locker with access through Hawse pipe surveyed by Ian M. White 17 of 30 3.11.
ELECTRONICS AND NAVIGATION EQUIPMENT 3.11.1. NAVIGATION EQUIPMENT *C2 Depth Sounder* Not sighted Knot Meter* Not sighted VHF* Not sighted Compass Ritchie Not tested NOTE: Box at Flybridge was locked. 3.11.2. ELECTRONICS (ENTERTAINMENT) *C2 1 Polaris AM FM cassette Located at Salon Helm Powers up 1 Polaris speaker Located at Salon Helm
Not tested 2 speakers Located at Flybridge Not tested “SAMPLE” surveyed by Ian M. White 18 of 30 3.12.
THRU‐HULLS 3.12.1. THRU‐HULLS ABOVE WATER LINE (DIAGRAM): (Locations are approximate) 9
VENT
8
7
6
13
14
15
1
Engine 12
11
10
16
VENT
5
4
3
2
1 Anchor Locker Drain 2 Unknown 3 Water Tank Vent 4 Galley Grey Water 5 Gas Tank Vent 6 Exhaust 7 Exhaust 8 Pressure Water 9 Cockpit Drain 10 A/C condensate drain 11 Cockpit Drain 12 Wash basin Drain 13 A/C Drain “SAMPLE” surveyed by Ian M. White 19 of 30 14 Pressure relief – hot water tank 15 Wash basin drain 16 Cockpit drain “SAMPLE” surveyed by Ian M. White 20 of 30 3.12.2. THRU‐HULLS BELOW WATER LINE (DIAGRAM): (Locations are approximate) 6
5
7
1
4
2
3
1 2 3 4 5 6 7 Knot Meter Depth Transducer Starboard Engine Raw water Drain Plug Port Engine Raw Water Raw Water – Head and AC Unknown “SAMPLE” surveyed by Ian M. White 21 of 30 3.13.
BONDING SYSTEM GALVANIC ISOLATION: None sighted LIGHTNING PROTECTION: Not sighted 3.14.
SAFETY EQUIPMENT 3.14.1. TRANSPORT CANADA *A2 NUMBER PFD’S: 6 Sighted NUMBER OF THROWABLE PFD’S: 1 life ring with floating line FIRE EXTINGUISHERS: 2 (1A10 BC) – both indicators are green neither has an inspection tag. VISUAL DISTRESS SIGNALS: not sighted SOUND DEVICES: Horn at both helms. Powers Up. NAVIGATION LIGHTS: All power up from Salon helm station. Flybridge not tested. *A8 BOARDING LADDER: There is a transom mounted folding ladder. When folded, this ladder is not accessible from the water. 3.14.2. AUXILIARY SAFETY EQUIPMENT *A3 SMOKE DETECTOR: None sighted *A4 FIRE ALARMS: None sighted *A5 BILGE WATER ALARM AND SAFETY SWITCHES: None sighted *A6CARBON MONOXIDE DETECTOR: None sighted *A7 FUME SNIFFER ALARM SYSTEMS: None sighted MAN OVERBOARD SYSTEM: None sighted 3.14.3. BILGE PUMPS 2 Electric “SAMPLE” One located in bilge under salon floor with float switch. Powers Up. One located in engine compartment surveyed by Ian M. White 22 of 30 under center hatch. Powers Up. 3.15.
AIR CONDITIONING AND HEAT 3.15.1. AIR CONDITIONING TYPE: Reverse Cycle MANUFACTURER: Dometic NUMBER OF UNITS: 1 LOCATION: under aft dinette seat THRU HULL STRAINOR: under salon floor HOSES CLAMPS AND CONNECTIONS: serviceable PUMP: under salon floor to starboard of water tank. Not tested CONDENSATE DRAIN AND DRIP PAN: Both installed. 3.15.2. HEAT Portable ac heater sighted in settee locker – not tested “SAMPLE” surveyed by Ian M. White 23 of 30 4. FINDINGS AND RECOMMENDATIONS Deficiencies noted under ‘’SAFETY’’ should be addressed before vessel is next underway. These findings represent an endangerment to personnel and/or the vessel’s safe and proper operating condition. Findings may also be in violation of TRANSPORT CANADA regulations. Deficiencies noted under ‘’OTHER DEFICIENCIES’’ should be corrected in the near future so as to maintain standards and to help the vessel to retain its value. Deficiencies will be listed under the appropriate heading: A. SAFETY DEFICIENCIES B. OTHER DEFICIENCIES NEEDING ATTENTION C. SURVEYORS NOTES AND OBSERVATIONS “SAMPLE” surveyed by Ian M. White 24 of 30 “A” SAFETY DEFICIENCIES A1 AC Outlets not tested. A2 Transport Canada equipment requirements A3 A4 A5 A6 A7 A8 Smoke Detector Fire alarm Bilge alarm Carbon Monoxide Detector Fume Sniffer Boarding ladder Check polarity and ensure that each outlet is GFCI Protected prior to use of the vessels AC System Insure that the vessel is equipped in accordance with Transport Canada required safety equipment prior to first setting sail. (Transport Canada link in appendix). Install Smoke detector Install Fire alarm Install High Bilge alarm Install Carbon Monoxide Detector Install Fume Sniffer Equip the vessel with a means of re boarding from the water. The boarding ladder can not be released from the water. “B” OTHER DEFICIENCIES NEEDING ATTENTION B1 Dockside pressure water inlet. B2 B3 Leak in potable water line Loose Stanchions Ensure that this is a pressure relief valve that is functioning. Recommend the addition of a timer or water meter that will automatically cut off the supply of water through this intake. Repair leak Re bed and refasten stanchions “C” SURVEYORS NOTES AND OBSERVATIONS C1 C2 High moisture readings on wetted surface. Boat has been in the water and probably is retaining moisture in the anti foul paint. Equipment not sighted C3 C4 C5 Cracks in gel coat Cracks in Gel coat Water intrusion signs and mold. C6 C7 Lights not working Cleats are loose “SAMPLE” Monitor Ensure that equipment is on board and tested during sea trials. Repair and monitor Repair and monitor Monitor situation as to a possible leak. Remove mold. Repair. Tighten cleat fasteners surveyed by Ian M. White 25 of 30 5. SUMMARY AND VALUATION 5.1.
STATEMENT OF OVERALL VESSEL RATING OF CONDITION: It is the surveyor's experience that develops an opinion as to a vessel’s OVERALL VESSEL RATING OF CONDITION immediately after a complete survey has been performed and the findings organized in a logical manner. The grading of condition, as developed by BUC RESEARCH, 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 BUC USED BOAT PRICE GUIDE, 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'' ‐ A vessel that is maintained in mint or Bristol fashion ‐ usually better than factory new ‐ loaded with extras ‐ a rarity. ''ABOVE AVERAGE CONDITION'' ‐ The vessel has had above average care and is equipped with extra electrical and electronic gear. ''AVERAGE CONDITION'' ‐ The vessel is ready for sale requiring no additional work and normally equipped for her size. ''FAIR CONDITION'' ‐ The vessel requires usual maintenance to prepare for sale. ''POOR CONDITION’’ ‐ Substantial yard work required and devoid of extras. ''RESTORABLE CONDITION'' ‐ Enough of the hull and engine exists to restore the boat to usable condition. As a result of my investigation, as stated in the SYSTEMS AND FINDINGS AND RECOMMENDATIONS, section of this REPORT OF SURVEY, and by virtue of my experience, my opinion is: OVERALL VESSEL RATING: AVERAGE CONDITION “SAMPLE” surveyed by Ian M. White 26 of 30 5.2.
STATEMENT OF VALUATION: The ''FAIR MARKET VALUE'' 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 ''FAIR MARKET VALUE'' of the subject vessel is: $x0,00000 xxxxxx Thousand Dollars The ''ESTIMATED REPLACEMENT COST'' indicates the retail cost of a new vessel of the same make/model with similar equipment offered by the same manufacturer. ''ESTIMATED REPLACEMENT COST'' of the subject vessel is: $xx0,000 “SAMPLE” xxxxxxxxx Thousand Dollars surveyed by Ian M. White 27 of 30 5.3.
SUMMARY: In accordance with the request for a marine survey of the SAMPLE, 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 SAMPLE was personally inspected by the undersigned on July xx, 200x. The “A” Deficiencies list should be attended to prior to next putting to sea. The vessel is generally in average shape and equipped for inland waters cruising. The vessel is considered to be suitable for its intended use of recreational cruising. The overall rating and fair market value shown above are based on an in the water inspection and an out of water inspection only. Sea trial was not performed. “SAMPLE” surveyed by Ian M. White 28 of 30 5.4.
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 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: Ian M. White DATE: _July xx, 200x__ “SAMPLE” surveyed by Ian M. White 29 of 30 6. APPENDICES 6.1.
PHOTOS Crack in Gel Leak at water tank Crack in Gel Transport Canada – CONSTRUCTION STANDARDS FOR SMALL VESSELS, TP1332e Transport Canada ‐ SAFE BOATING GUIDE “TP 511E Oil under Port Engine http://www.tc.gc.ca/marineSafety/tp/TP1332/
menu.htm www.tc.gc.ca/marinesafety/tp/tp511/menu.
htm “SAMPLE” surveyed by Ian M. White 30 of 30