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Mathers Marine Survey LLC www.MathersMarineSurvey.com ~ 360.202.7700 ~ [email protected] Page 1 of 31 REPORT OF MARINE SURVEY CONDITION & VALUATION 2005 MCKINNA 481 SEDAN M/V “CRV”

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Page 1: REPORT OF MARINE SURVEY - Squarespace · Mathers Marine Survey LLC  ~ 360.202.7700 ~ Cale@MathersMarineSurvey.com !! Page2!of!31# REPORT OF MARINE SURVEY …

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REPORT OF MARINE SURVEY CONDITION & VALUATION

2005 MCKINNA 481 SEDAN

M/V “CRV”

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REPORT OF MARINE SURVEY

OF THE VESSEL

2005 MCKINNA 481 SEDAN

M/V “CRV”

SURVEY CONDUCTED BY:

Cale Mathers - AMS® #1156 SAMS® Accredited Marine Surveyor®

PREPARED EXCLUSIVELY FOR:

Ricky Perez

January 9, 2015

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SCOPE OF SURVEY

This survey report is for the benefit of Ricky Perez only and may not be relied upon by any other person without written consent of the surveyor or the above beneficiary.

Acting at the request of Ricky Perez, the attending surveyor did attend onboard the 2005 McKinna 481 Sedan, M/V “CRV” on Friday, January 9, 2015 for vessel survey inspection while vessel lay afloat at her moorage slip at Fidalgo Marina in Anacortes, WA, and while vessel hang in the slings during haul-out inspection at Cap Sante Marine South Boatyard in Anacortes, WA. Sea trial testing was performed out of Fidalgo Bay / Puget Sound / Anacortes, WA. An out-of-the-water inspection of underwater machinery and the exterior of the hull’s wetted surface area was performed. The vessel’s engines & generator were started at time of survey inspection. AC & DC power were available and used for testing electronic equipment. Electronic equipment tested during inspection was tested for power up only. The reason for the survey was to ascertain the physical condition and value of the vessel for pre-purchase, insurance, and financing purposes.

• No reference or information should be construed to indicate evaluation of the internal condition of the engine or the propulsion system’s operating capacity.

• This vessel was surveyed without removal of any parts, including fittings, tacked carpet, screwed or nailed boards, fixed partitions, instruments, personal items, miscellaneous materials in the bilges and lockers, or and other fixed or semi-fixed items.

• All moisture related values stated in the report were derived using the GE Protimeter Aquant BLD5760 moisture detector. Moisture detector measures conductivity using a value range of 060 - 999. Moisture detector is used to assess & monitor the relative moisture level of non-conductive & porous materials. Conclusions based on moisture readings are not definitive, and confirmation may require destructive testing.

• Tankage will be inspected from visible surfaces only. No evaluations can be made or opinions rendered as to overall condition of inaccessible areas.

• Electrical system will be visually inspected where accessible. No in-depth testing or examination of the electrical system schematic will be conducted.

• Locked compartments or otherwise inaccessible areas would also preclude inspection. Buyer / owner is advised to open up all such areas for further inspection.

• No determination of stability characteristics has been made, and no opinion is expressed.

• On sailing vessels, the rig will not be inspected aloft, nor will sails be inspected unless they are visible during a sea trial. Client shall retain the services of a qualified rig surveyor or other expert to inspect such rigging and equipment.

• A visual cursory inspection of the engine(s), gearbox(es), and generator(s) machinery will be conducted and no opinion of their overall condition will be formed. It is recommended that all engines, gearboxes, and generators be surveyed by a qualified marine engine technician to determine the condition of the engine’s gears, pumps, heat exchangers, coolers, etc. This report should not be construed as a full engine mechanical survey inspection.

This survey report represents the condition of the vessel on the above date, and is the unbiased opinion of the undersigned, but it is not to be considered a complete inventory or a warranty, either specified or implied.

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CONDUCT OF SURVEY

This survey report represents the condition of the vessel as inspected by the undersigned surveyor on the date of survey. This survey report makes no representation and does not purport to describe any condition that may have changed since the date of the survey, and the recommendations herein are limited to those that in the opinion of this surveyor are reasonably necessary and appropriate based upon the conditions and circumstances, as they existed at the time of the survey.

The services rendered herein and the report rendered herewith are done with the distinct understanding that the undersigned is not responsible or liable under any circumstances whatsoever for any error, omission, negligence, or failure to properly perform the requested services and that all matters and statements contained in this report are of opinion only. They are not to be construed as representations, warranties, or guarantees. No statement made herein, or with services performed hereunder, or work done in connection herewith shall be the basis for any claim, demand, or action against the undersigned. If the work performed is deficient in any material respect, the surveyor shall correct his report or refund the fee paid. In no event shall he be liable for incidental and consequential damages, or damages exceeding the fee actually received for the work.

The market value quoted is the best estimate of the price a willing buyer would pay a willing seller, both parties having reasonable access to the relevant facts, neither party under any compulsion to buy or sell, and under market conditions at the time and place of the survey.

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

• The American Boat and Yacht Council “Standards and Recommendations,” are defined by reference to “ABYC”. These standards were developed in cooperative effort with the National Marine Manufactures Association to complement the mandatory standards promulgated by the United States Coast Guard under the authority of the Federal Boat Safety Act of 1971. The ABYC Standards and Recommendations are considered to be voluntary, but are highly suggested by this surveyor.

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GENERAL INFORMATION

SURVEY FILE NUMBER: SAMPLE

SURVEY PREPARED FOR: Ricky Perez

PHONE: 949.540.4092 EMAIL: [email protected]

TYPE OF MARINE SURVEY: Condition & Valuation DATE OF MARINE SURVEY: January 9, 2015 LOCATION OF MARINE SURVEY: Anacortes, WA VESSEL’S INTENDED SERVICE: Recreation WATERS TO BE NAVIGATED: Underwriters Discretion

HULL IDENTIFICATION NUMBER (HIN): XMC47240A505 USCG DOCUMENTATION NUMBER: 1228017 VESSEL NAME: CRV HAILING PORT: Anacortes, WA

MANUFACTURED BY: McKinna Yachts / Lien Hwa Boats LOCATION: Kaohsiung, Taiwan, R.O.C. MODEL YEAR: 2005 MAKE: McKinna MODEL: 481 Sedan

HULL MATERIAL: FRP (Fiber-Reinforced Plastic) HULL TYPE: Modified-V DEADRISE AFT: 18° LOA (W/ PULPIT): 50’ 0” BEAM: 15’ 0” DRAFT: 3’ 10” CLEARANCE: 29’ 10” WEIGHT: 29,700 lbs.

PROPULSION SYSTEM: Twin Cummins Inboard Engines FUEL TYPE: Diesel

FUEL CAPACITY: 700 Gals. FRESH WATER CAPACITY: 200 Gals. BLACK WATER CAPACITY: 40 Gals.

DC POWER: 12V DC AC POWER: 120V AC

FAIR MARKET VALUE: $ 396,800.00 USD

REPLACEMENT COST: $ 1,375,000.00 USD

* Hull dimensions cited per Power Boat Guide 2014 (www.powerboatguide.com).

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VESSEL DESCRIPTION

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DEFINITIONS OF TERMS

Please associate the following terms with the given definition as they appear throughout the following Report of Survey.

APPEARS: • Indicates that a very close inspection of the particular system, component or structure 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).

FUNCTIONAL / SOUND / ADEQUATE: • Sufficient for a specific requirement.

POWERS UP: • Power was applied only.

EXCELLENT CONDITION: • New or like new.

GOOD CONDITION: • Nearly new, may include minor cosmetic deficiencies.

FAIR CONDITION: • Adequate for its intended purpose. Cosmetic and/or minor structural deficiencies present.

POOR / DETERIORATING CONDITION: • System or component is functional as is; however, without timely service, the system or component will

degrade to an unusable condition.

WASTED CONDITION: • Unusable as is. Requires repair or replacement.

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VESSEL SYSTEMS

WETTED SURFACE AREA PHOTOS

Wetted surface photos taken Friday, January 9, 2015

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HULL STRUCTURES

STRUCTURAL SYSTEM CONDITION HULL TOPSIDES: Cosmetically Good / Structurally Sound

HULL-TO-DECK JOINT: Structurally Sound WETTED SURFACE AREA: Structurally Sound

BOTTOM PAINT: Appears Good / Adequate For Intended Purpose DECK STRUCTURE: Cosmetically Good / Structurally Sound SUPERSTRUCTURE: Cosmetically Good / Structurally Sound

WINDOW FRAMES & SEALS: Structurally Sound / Appear Water Tight STRINGERS & BULKHEADS: Structurally Sound Where Accessible

CLEATS, STANCHION & RAIL: Structurally Sound ESCAPE HATCH: Functional / See Note Below

REBOARDING LADDER: Functional / Structurally Sound SACRIFICIAL ZINC ANODES: Fair / Adequate For Intended Purpose

NOTES / COMMENTS: • There was paint chipping & deterioration identified at a painted aluminum vent fixture secured to the

port side of the vessel’s superstructure when observed during survey inspection. Damage described is a serviceable cosmetic deficiency. Recommend monitor condition of vent fixture described, and service as required.

• There was fiberglass cracking & minor laminate separation identified at the reboarding ladder hatch cover installed at the swim step structure when observed during survey inspection. Hatch cover described was in structurally adequate condition for its intended purpose when inspected. Recommend monitor the condition of the hatch cover described, and service / repair as required.

• There was minor water damage identified at interior wood trim located at the perimeter of the V-berth & guest stateroom escape hatches when observed during survey inspection. Damage described is a serviceable cosmetic deficiency. Recommend monitor the condition of the water damaged described, and service / repair as required.

• There were approx. 10 small gelcoat blisters identified at the vessel’s wetted surface area when observed during survey inspection. All blisters identified were located at areas where either the underwater exhaust terminus or shaft log components were faired into the hull structure post mold layup. All blister damage described is a serviceable cosmetic deficiency. Recommend monitor the quantity, size & location of blisters each time the vessel is hauled out of the water, and service / repair as required.

• The fitting used to secure the engine room hatch hydraulic ram-arm support to the vessel’s deck structure was loose when observed during survey inspection. Recommend service / resecure loose fitting described as required.

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Paint chipping at painted aluminum vent fixture

Fiberglass cracking at reboarding ladder hatch cover

Water damage at wood trim below escape hatch

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Blisters at wetted surface area

Hatch support arm fitting is loose

PROPULSION SYSTEM

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PROPULSION SYSTEM SPECS ENGINE QTY: 2 FUEL TYPE: Diesel

ENGINE MAKE: Cummins Engine Company ENGINE DESCRIPTION: 4-Cycle, Inline 6-Cylinder, Turbocharged & Aftercooled

ENGINE MODEL: 6BTA5.9-M3 ENGINE SERIAL: PORT: 46321740

STBD: 46321860 RATED POWER: 370 HP @ 3000 RPM DISPLACEMENT: 5.9 L / 359 CID

COOLING SYSTEM: Fresh Water Cooled EXHAUST SYSTEM: Wet Exhaust

ENGINE HOURS: PORT: 486 Hrs. – Indicated By Analog Gauge STBD: 486 Hrs. – Indicated By Analog Gauge

NOTES / COMMENTS: • This report does not represent a full mechanical / engine survey inspection. For more detailed

information pertaining to the working condition of engine components it is recommended a certified marine technician perform a detailed mechanical inspection.

• The port engine cooling temperature gauge at the helm pilot station was inaccurate when observed during sea trial testing. The port engine temp gauge at the flybridge pilot station was accurate during testing. Source of deficiency is undetermined and requires further troubleshooting. Recommend service / repair or renew inoperable temperature gauge components described as required.

• The sight glass of the main engine & generator sea strainers was dirty when observed during survey inspection. Strainer mesh was not visible through dirty sight glass. Recommend service / clean sea strainer sight glass, and monitor on a regular basis. Service as required.

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Sea strainer sight glass is dirty Engine temp gauge is inaccurate

TRANSMISSION / REDUCTION GEAR DETAILS GEAR MAKE: ZF Hurth Marine

GEAR MODEL: ZF 80 A – 2.50 GEAR RATIO: 2.50 : 1

MAIN ENGINE PROPULSION CONTROL SYSTEM DETAILS SYSTEM TYPE: Hydraulic DESCRIPTION: 4 Lever System

MAKE / MODEL: Hynautic / Teleflex Marine CONDITION: Good / Functional

PROPELLER & SHAFT DETAILS PROP TYPE: 4 Blade Bronze PROP SIZE: D28” X P25”

PROP ROTATION DIRECTION: Counter Rotating / Rotation Outboard PROP CONDITION: Appear Adequate / See Note Below

SPARE PROP: Not Sighted

SHAFT SIZE & MATERIAL: 2” Stainless Steel SHAFT SEAL TYPE & CONDITION: Strong Seal / Dripless Type / See Note Below CUTLASS BEARING CONDITION: Appear Good / Sound / Prop Shafts Tight @ Cutlass STRUT MATERIAL & CONDITION: Bronze / Structurally Sound

NOTES / COMMENTS: • There was minor wear identified at the perimeter of the vessel’s bronze prop blades when observed

during haul-out inspection. Recommend monitor the condition of the vessel’s props each time the vessel is hauled out of the water, and service / tune & balance props as required.

• There was evidence of minor seawater drips identified at the main engine shaft seal systems when observed during survey inspection. The Strong Seal systems are designed to be a dripless type shaft seal. Evidence of seawater dripping at the shaft seals is an indication that the lip seal components are beginning to wear & leak. Recommend clean bilge compartment below the main engine shaft seal systems, and monitor severity of seawater drip. Renew worn lip seal component as required.

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Wear at perimeter of prop blades

Seawater drip at main engine shaft seals

THRUSTER DETAILS DESCRIPTION: Bow Thruster

MAKE / MODEL: Side-Power SE100/185T POWER SOURCE: 12V DC

CONDITION: Appears Good / Power On / Functional

FUEL SYSTEM

MAIN ENGINE FUEL SYSTEM DETAILS FUEL TANK QTY: 2

FUEL TYPE: Diesel TANK MAKE: Chwan Yih Industrial Co. Ltd.

TANK MATERIAL: 5052 Aluminum Alloy TOTAL FUEL CAPACITY: 700 Gals. (350 Gals. Per Tank) FUEL SUPPLY LINE TYPE: USCG Approved Type A1 & Copper FUEL FILL HOSE TYPE: USCG Approved Type A2

FUEL SUPPLY LINE CONDITION: See Note Below FUEL FILL HOSE CONDITION: Appear Sound Where Accessible MAIN ENGINE FUEL FILTER: Racor 1000MA

GENERATOR ENGINE FUEL FILTER: Racor 500MA

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NOTES / COMMENTS: • There was dirt & debris accumulation identified at the sight bowls of the remote Racor fuel filters for the

main engines & generator engine systems when observed during survey inspection. Recommend service / clean fuel filter sight bowls, and monitor for recurring deficiency. Service as required.

• There was evidence of a diesel fuel leak identified at a port side fuel tank fitting when observed during survey inspection. There was diesel fuel residue found at the vicinity of the fitting described, and the white paint of the fuel tank was discolored at time of inspection. Recommend clean diesel fuel residue from fuel tank fitting described, and monitor fitting to determine severity of fuel leak. Service / adjust or renew leaking fuel fitting components as required.

• There was a diesel fuel leak identified at starboard engine fuel hose routed below the belt cover at the front of the engine when observed during survey inspection. It was undetermined where the fuel leak originated at time of inspection. Recommend renew leaking fuel hose described.

Fuel filter sight bowls are dirty

Diesel fuel leak at fuel tank fitting

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Diesel fuel leak at starboard engine fuel hose

STEERING SYSTEM

STEERING SYSTEM COMPONENTS & DETAILS STEERING SYSTEM TYPE: Hydraulic

STEERING MAKE / MODEL: Hynautic / Teleflex Marine STEERING SYSTEM CONDITION: Functional / Smooth & Responsive

AUTOPILOT MAKE / MODEL: Raymarine ST70 AUTOPILOT CONDITION: Powers On / See Note Below

RUDDER MATERIAL & CONDITION: Stainless Steel / Structurally Sound RUDDER STOCK SEAL TYPE & CONDITION: Dripless Type Lip Seal / Good / Clean & Dry

NOTES / COMMENTS: • The vessel’s autopilot system was

intermittently operational when tested during survey inspection. The compass signal to the autopilot system was interrupted during a portion of the sea trial testing, but did return at the conclusion of the test. Source of deficiency is undetermined and requires further troubleshooting. Recommend service / repair or renew inoperable autopilot system components as required.

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DC (DIRECT CURRENT) ELECTRICAL SYSTEM

DC ELECTRICAL SYSTEM DETAILS SYSTEM VOLTAGE: 12V DC

BATTERY QTY: 9 Total BATTERY BANK: Start / House & Inverter / Generator / Bow Thruster BATTERY TYPE: (7) Flooded Cell Lead Acid & (2) Sealed Gel Cell

BATTERY MAKE / DESCRIPTION QTY BANK DATE 12V Deep Cycle Group 8D Flooded Cell 4 House & Inverter Unknown 12V Interstate Group 8D Flooded Cell 2 Start Unknown 12V Interstate Group 27 Flooded Cell 1 Generator Unknown

12V Centennial Group 31 Gel Cell 2 Bow Thruster 08/2009

NOTES / COMMENTS: • DC Voltage at the bow thruster bank batteries was approx. 8V DC when tested during survey inspection.

The bow thruster bank battery charger was powered on during inspection for bow thruster testing purposes. Overall health of the bow thruster bank batteries is undetermined, and requires either load or conductance testing to accurately determine. Recommend monitor the condition of the bow thruster bank batteries, and renew batteries as required.

• Wing nut fasteners were used at the vessel’s generator bank battery to secure conductors to battery terminals when observed during survey inspection. Wing nut fasteners have the tendency to vibrate loose resulting in poor connections.

ABYC Standards recommends: Battery cables and other conductors size 6 AWG and larger shall not be connected to the battery with wing nuts (ABYC E-10.8.3).

Recommend renew wing nut fasteners at battery terminals with marine grade stainless steel hex nut type fasteners.

Bow thruster bank batteries Wing nut fasteners at battery terminals

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AC (ALTERNATING CURRENT) ELECTRICAL SYSTEM

AC ELECTRICAL SYSTEM DETAILS SYSTEM VOLTAGE: 120V AC 60 Hz

SHORE POWER INLET DESCRIPTION: (2) 30A 125V Hubbell Inlet SHORE POWER CABLE: 30A 125V Marinco Cable w/ 30A 125V Y-Adapter DISTRIBUTION PANEL: 120V AC Breaker Panel

MAIN BREAKER LOCATION: @ Aft Engine Room Bulkhead GFCI RECEPTACLE PROTECTION: Yes / Functional

CONDITION OF SHORE POWER INLET: Poor / See Note Below CONDITION OF SHORE POWER CORD: Poor / See Note Below

NOTES / COMMENTS: • One of the vessel’s Hubbell 30A 125V AC power inlet receptacles was burnt / damaged when observed

during survey inspection. The shore power cable plug ends of the Y-adapter used to supply power to the damaged inlet receptacle was also burnt / damaged when inspected. Recommend renew both the damaged AC power inlet receptacle & the damaged shore power cable plug end described.

Damaged shore power inlet receptacle Damaged shore power cable plug end

BATTERY CHARGER & POWER INVERTER SYSTEM DETAILS MAKE / MODEL DESCRIPTION SPECS

Heart Interface Freedom 20 Battery Charger & Power Inverter 100 Amp 12V DC Charger / 2000 Watt 120V AC Inverter

Guest 16102 Battery Charger 12 Amp 12V DC Charger

GENERATOR SYSTEM DETAILS GENERATOR MAKE: Onan / Cummins Power Generation

FUEL TYPE: Diesel MODEL: MDKAV-4961486 SERIAL: F010249039

RATED POWER: 9.0 kW AC POWER OUTPUT: 120/240V AC DC POWER INPUT: 12V DC

FREQUENCY: 60 Hz / Phase 1 ENGINE HOURS: 282 Hrs. – Indicated By Digital Gauge

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NOTES / COMMENTS: • This report does not represent a full mechanical / engine survey inspection. For more detailed

information pertaining to the working condition of generator engine components it is recommended a certified marine technician perform a detailed mechanical inspection.

• There was evidence of a seawater leak at the generator engine anti-siphon loop fitting when observed during survey inspection. It appears that water has been dripping onto trim tab system fasteners below resulting in corrosion. Recommend service anti-siphon loop fitting described as required to eliminate the seawater leak. Clean corroded fasteners, and monitor for recurring deficiency. Service as required.

• There was a crack identified at the sight glass of the generator engine sea strainer system when observed during survey inspection. The sea strainer was weeping seawater at the area of the cracked sight glass at time of inspection. Recommend renew damaged sea strainer component described.

Evidence of water leak at Anti-siphon loop fitting Corroded fasteners located below anti-siphon loop

Cracked sea strainer sight glass

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BONDING / GROUNDING SYSTEM

BONDING / GROUNDING SYSTEM DETAILS BONDING SYSTEM DESCRIPTION: Non-Current Carrying Grounding Wire

CONDUCTOR DESCRIPTION: Insulated, Stranded Copper, #8AWG Conductor (Green) BONDING TERMINAL CONDITION: Appear Good / Terminals Free of Corrosion

BWL THRU-HULLS & FASTENERS TERMINATED: Yes / System Appears Adequate

THRU-HULL FITTING SYSTEMS

BELOW-THE-WATERLINE (BWL) THRU-HULL FITTING DETAILS THRU-HULL MATERIAL: Bronze

SEACOCK TYPE: Ball Valve SEACOCK CONDITION: Good / Functional (All)

SEACOCK SYSTEMS (2) Main Engine Raw Water Intake

(1) Generator Engine Raw Water Intake (1) Air Conditioning Raw Water Intake

(1) Waste Tank Discharge Pump Overboard

RAW WATER & WASTE PUMP SYSTEMS

RAW WATER PUMP SYSTEM DETAILS SYSTEM COMPONENT MAKE / DESCRIPTION CONDITION

Waste Tank Discharge Pump 12V DC Diaphragm Waste Pump Appears Good / Powers On Shower Drain Pump 12V DC Sump Box Appears Good / Powers On

Air Conditioning Pump 120V AC Seawater Circulation Pump Powers On / Functional

BILGE PUMP SYSTEM DETAILS ELECTRIC BILGE PUMP QTY: 4

POWER SOURCE: 12V DC PUMP CONDITION: (3) Functional / (1) Inoperable / See Note Below

AUTOMATIC FLOAT SWITCH: (3) Functional / (1) Inoperable / See Note Below MANUAL BILGE PUMP SYSTEM: Yes / Appears Adequate

NOTES / COMMENTS: • The engine room bilge pump system was

inoperable / would not power on when tested during survey inspection. Source of deficiency is undetermined and requires further troubleshooting. The three other bilge pump systems installed onboard the vessel were fully functional when tested. Recommend either service / repair or renew components of inoperable bilge pump system described as required.

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FRESH WATER SYSTEM

FRESH WATER SYSTEM DETAILS FRESH WATER TANK QTY: 2

FRESH WATER TANK MATERIAL: Plastic TOTAL FRESH WATER CAPACITY: 200 Gals. (Per Manufacturer Specs)

SYSTEM COMPONENT MAKE / DESCRIPTION CONDITION Fresh Water Pump 12V DC Groco Water Pressure Pump Powers On / Functional

Water Heater 120V AC or Engine Heat / Raritan / 20 Gals. Powers On / Functional

SANITATION SYSTEM

SANITATION SYSTEM DETAILS SANITATION SYSTEM TYPE: USCG Approved Type III MSD (Holding Tank)

BLACK WATER TANK MATERIAL: Fiberglass / Built Into Hull Structure BLACK WATER TANK CAPACITY: 40 Gals. (Per Manufacturer Specs)

BLACK WATER TANK CONDITION: Appears Sound Where Accessible SANITATION HOSE CONDITION: Appear Adequate Where Accessible

BLACK WATER DISCHARGE OPTIONS: Dockside Pump-Out or Tank Discharge Overboard SANITATION SYSTEM Y-VALVE: Not Installed

HEAD SYSTEM DETAILS HEAD QTY: 2

TOILET TYPE: Electric Flush WATER TYPE: Fresh Water System

MAKE / MODEL: Jabsco TOILET CONDITION: Good / Functional (All)

ELECTRONICS & NAVIGATION EQUIPMENT

ELECTRONICS & NAVIGATION EQUIPMENT DETAILS EQUIPMENT MAKE / MODEL CONDITION

Magnetic Compass (2) Ritchie Powerdamp Good VHF Radio (2) Raymarine RAY54VHF Functional (All)

GPS Chartplotter / Depth Sounder / Marine Radar / Camera (2) Raymarine E120 Powers On / See Note Below

Hydraulic Trim Tabs Boat Leveler Functional

NOTES / COMMENTS: • There was “No GPS Fix” at the vessel’s GPS chartplotter

system when tested during survey inspection. Source of deficiency is undetermined and requires further troubleshooting. Recommend either service / repair or renew components of the GPS chartplotter antenna system as required.

• The aft facing camera system was inoperable when tested during survey inspection. Operating procedure is unknown. Recommend consult vessel owner about operating procedure, and either service or renew inoperable components as required.

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GALLEY APPLIANCES & CABIN INTERIOR

GALLEY APPLIANCES & CABIN INTERIOR SYSTEM DETAILS EQUIPMENT MAKE / MODEL POWER SOURCE CONDITION Water Tap Hot & Cold 12V DC Functional

Galley Refrigerator U-Line 120V AC Functional Microwave GE Profile 120V AC Functional Ice-Maker U-Line 120V AC Functional

2-Burner Stovetop Kenyon 120V AC Functional Air Conditioning /

Reverse Cycle Heat Marine Air Systems (2-Units) 120V AC Functional (All)

GROUND TACKLE & DECK EQUIPMENT

GROUND TACKLE & DECK EQUIPMENT DETAILS ANCHOR WINDLASS DETAILS

MAKE / MODEL: Maxwell 1200 POWER SOURCE: 12V DC

CONDITION: Good / Functional

ANCHOR DETAILS MAKE / MODEL: 45 Lbs. Stainless Steel Plow

CONDITION: Sound / Adequate For Intended Purpose

CHAIN & RODE DETAILS CHAIN DESCRIPTION: Galvanized Steel CHAIN CONDITION: Sound / Adequate For Intended Purpose

TENDER, DAVIT & MOTOR DETAILS

TENDER DETAILS DESCRIPTION / TYPE: RIB (Rigid Inflatable w/ Fiberglass Hull)

MAKE / MODEL: Rendova Baytender HULL IDENTIFICATION NUMBER: RHD15167E000

MODEL YEAR: 2000 CONDITION: Sound / Adequate For Intended Purpose / See Note Below

Tender HIN

NOTES / COMMENTS: • Two cleats formerly installed at the bow area of the RIB tender were missing when observed during

survey inspection. As a result, there were eight unsealed / open holes at the tender’s fiberglass structure. Recommend either reinstall missing deck cleats, or fill / seal the open holes described.

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• The tender’s steering system was inoperable when tested during survey inspection. The rack & pinion steering cable appeared to be seized. Recommend either service / repair or renew rack & pinion steering components as required.

Unsealed holes at tender bow Tender steering system is inoperable

ENGINE DETAILS MAKE / MODEL: Mercury Marine DESCRIPTION: 4 Stroke Outboard Motor DATE OF MFG: 2001

MODEL: 25ELPT4S SERIAL: 0T206954

RATED POWER: 25 HP CONDITION: Appears Adequate / Started During Inspection

DAVIT DETAILS DESCRIPTION: Flybridge Crane

MAKE / MODEL: Browner Systems POWER SOURCE: 12V DC Winch Motor

CONDITION: Structurally Sound / Powers On / Functional

SAFETY EQUIPMENT

SAFETY EQUIPMENT DETAILS FIRE EXTINGUISHER DETAILS

HANDHELD EXTINGUISHER QTY: 3 Sighted Onboard EXTINGUISHER TYPE: USCG Approved Size B-1 / Type BC INSPECTION TAGS: Not Equipped / See Note Below

PERSONAL FLOATATION DEVICE (PFD) DETAILS PFD QTY: 10+ Sighted Onboard PFD TYPE: USCG Approved Type II & Type III

USCG APPROVED TYPE IV THROWABLE: Yes  

 

Outboard Engine Label  

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NOISE SIGNALING DEVICE DETAILS HARD WIRED HORN: Powers On / See Note below

HANDHELD AIR HORN: Yes WHISTLE: Yes

DISTRESS SIGNAL FLARE DETAILS FLARE QTY: All EXPIRED / See Note Below

OTHER: Orange Flag / Signal Mirror / Spot Light

NAVIGATION LIGHT DETAILS PORT (RED): Functional

STARBOARD (GREEN) Functional MASTHEAD (WHITE) Functional

STERN (WHITE) Functional ANCHOR (WHITE) Functional

NOTES / COMMENTS: • Vessel’s fire extinguishers were not equipped with inspection tags when observed during survey

inspection. Date of last inspection / service is unknown.

ABYC Standards recommends: At one-year intervals, a full maintenance check should be made by a qualified fire extinguishing system service facility in accordance with the manufacture’s maintenance instructions. A tag should be attached showing the date of such maintenance check (ABYC A-4 Ap.6.3).

Recommend a qualified technician inspect & service vessel’s fire extinguisher systems in accordance with ABYC Standards stated above.

• All distress signal flares sighted onboard the vessel during survey inspection were EXPIRED.

USCG CFR regulations state: All vessels 16ft. and larger are required to carry 3 distress signal flares suitable for day & night use (3 day & 3 night, or 3 rated for day or night use). (46 CFR 175.110). No person may use a boat unless each signal required by sec. 175.110 is in serviceable condition and the service life of the signal, if indicated by a date marked on the signal, has not expired. (46 CFR 175.125).

Equip vessel in accordance with USCG CFR regulations stated above.

• The vessel’s horn was partially disassembled when observed during survey inspection. The horn did power on when tested. Reason for disassembly is unknown. Recommend reassemble vessel’s horn.

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FINDINGS & RECOMMENDATIONS

All safety equipment aboard this vessel, including VHF channel 16, fire extinguishers, flares, and PFD’s have been checked and deficiencies noted. New NFPA (National Fire Protection Association) or ABYC (American Boating and Yacht Council) standards, as quoted, may have gone into effect since this vessel was built. Noted under SAFETY DEFICIENCIES is where these standards apply to the safety of the vessel and it occupants, and should be addressed before the vessel is next underway. Findings may also be in violation of USCG Regulations. While NFPA and ABYC standards are not always retroactive, except for where there is a distinct hazard of life or property, this firm suggests their compliance for safety reasons. All CFR (Code of Federal Regulations) and 72 COLREGS (Navigation Rules) quoted herein are mandatory for correction.

• SAFETY DEFICIENCIES & USCG CFR REQUIREMENTS

• DEFICIENCIES REQUIRING ATTENTION

• NOTES & OBSERVATIONS

• ABYC RECOMMENDATIONS

A. SAFETY DEFICIENCIES & USCG CFR REQUIREMENTS

1. Vessel’s fire extinguishers were not equipped with inspection tags when observed during survey inspection. Date of last inspection / service is unknown.

ABYC Standards recommends: At one-year intervals, a full maintenance check should be made by a qualified fire extinguishing system service facility in accordance with the manufacture’s maintenance instructions. A tag should be attached showing the date of such maintenance check (ABYC A-4 Ap.6.3).

Recommend a qualified technician inspect & service vessel’s fire extinguisher systems in accordance with ABYC Standards stated above.

2. All distress signal flares sighted onboard the vessel during survey inspection were EXPIRED.

USCG CFR regulations state: All vessels 16ft. and larger are required to carry 3 distress signal flares suitable for day & night use (3 day & 3 night, or 3 rated for day or night use). (46 CFR 175.110). No person may use a boat unless each signal required by sec. 175.110 is in serviceable condition and the service life of the signal, if indicated by a date marked on the signal, has not expired. (46 CFR 175.125).

Equip vessel in accordance with USCG CFR regulations stated above.

3. The vessel’s horn was partially disassembled when observed during survey inspection. The horn did power on when tested. Reason for disassembly is unknown. Recommend reassemble vessel’s horn.

B. DEFICIENCIES REQUIRING ATTENTION

1. The port engine cooling temperature gauge at the helm pilot station was inaccurate when observed during sea trial testing. The port engine temp gauge at the flybridge pilot station was accurate during testing. Source of deficiency is undetermined and requires further troubleshooting. Recommend service / repair or renew inoperable temperature gauge components described as required.

2. There was evidence of a diesel fuel leak identified at a port side fuel tank fitting when observed during survey inspection. There was diesel fuel residue found at the vicinity of the fitting described, and the white paint of the fuel tank was discolored at time of inspection. Recommend clean diesel fuel residue from fuel tank fitting described, and monitor fitting to determine severity of fuel leak. Service / adjust or renew leaking fuel fitting components as required.

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3. There was a diesel fuel leak identified at starboard engine fuel hose routed below the belt cover at the front of the engine when observed during survey inspection. It was undetermined where the fuel leak originated at time of inspection. Recommend renew leaking fuel hose described.

4. One of the vessel’s Hubbell 30A 125V AC power inlet receptacles was burnt / damaged when observed

during survey inspection. The shore power cable plug ends of the Y-adapter used to supply power to the damaged inlet receptacle was also burnt / damaged when inspected. Recommend renew both the damaged AC power inlet receptacle & the damaged shore power cable plug end described.

5. There was a crack identified at the sight glass of the generator engine sea strainer system when observed during survey inspection. The sea strainer was weeping seawater at the area of the cracked sight glass at time of inspection. Recommend renew damaged sea strainer component described.

6. The engine room bilge pump system was inoperable / would not power on when tested during survey inspection. Source of deficiency is undetermined and requires further troubleshooting. The three other bilge pump systems installed onboard the vessel were fully functional when tested. Recommend either service / repair or renew components of inoperable bilge pump system described as required.

7. There was “No GPS Fix” at the vessel’s GPS chartplotter system when tested during survey inspection. Source of deficiency is undetermined and requires further troubleshooting. Recommend either service / repair or renew components of the GPS chartplotter antenna system as required.

8. The aft facing camera system was inoperable when tested during survey inspection. Operating procedure is unknown. Recommend consult vessel owner about operating procedure, and either service or renew inoperable components as required.

9. The tender’s steering system was inoperable when tested during survey inspection. The rack & pinion steering cable appeared to be seized. Recommend either service / repair or renew rack & pinion steering components as required.

C. NOTES & OBSERVATIONS

1. There was paint chipping & deterioration identified at a painted aluminum vent fixture secured to the port side of the vessel’s superstructure when observed during survey inspection. Damage described is a serviceable cosmetic deficiency. Recommend monitor condition of vent fixture described, and service as required.

2. There was fiberglass cracking & minor laminate separation identified at the reboarding ladder hatch

cover installed at the swim step structure when observed during survey inspection. Hatch cover described was in structurally adequate condition for its intended purpose when inspected. Recommend monitor the condition of the hatch cover described, and service / repair as required.

3. There were approx. 10 small gelcoat blisters identified at the vessel’s wetted surface area when

observed during survey inspection. All blisters identified were located at areas where either the underwater exhaust terminus or shaft log components were faired into the hull structure post mold layup. All blister damage described is a serviceable cosmetic deficiency. Recommend monitor the quantity, size & location of blisters each time the vessel is hauled out of the water, and service / repair as required.

4. The fitting used to secure the engine room hatch hydraulic ram-arm support to the vessel’s deck structure was loose when observed during survey inspection. Recommend service / resecure loose fitting described as required.

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5. The sight glass of the main engine & generator sea strainers was dirty when observed during survey

inspection. Strainer mesh was not visible through dirty sight glass. Recommend service / clean sea strainer sight glass, and monitor on a regular basis. Service as required.

6. There was minor wear identified at the perimeter of the vessel’s bronze prop blades when observed during haul-out inspection. Recommend monitor the condition of the vessel’s props each time the vessel is hauled out of the water, and service / tune & balance props as required.

7. There was evidence of minor seawater drips identified at the main engine shaft seal systems when observed during survey inspection. The Strong Seal systems are designed to be a dripless type shaft seal. Evidence of seawater dripping at the shaft seals is an indication that the lip seal components are beginning to wear & leak. Recommend clean bilge compartment below the main engine shaft seal systems, and monitor severity of seawater drip. Renew worn lip seal component as required.

8. There was dirt & debris accumulation identified at the sight bowls of the remote Racor fuel filters for the main engines & generator engine systems when observed during survey inspection. Recommend service / clean fuel filter sight bowls, and monitor for recurring deficiency. Service as required.

9. DC Voltage at the bow thruster bank batteries was approx. 8V DC when tested during survey inspection. The bow thruster bank battery charger was powered on during inspection for bow thruster testing purposes. Overall health of the bow thruster bank batteries is undetermined, and requires either load or conductance testing to accurately determine. Recommend monitor the condition of the bow thruster bank batteries, and renew batteries as required.

10. There was evidence of a seawater leak at the generator engine anti-siphon loop fitting when observed during survey inspection. It appears that water has been dripping onto trim tab system fasteners below resulting in corrosion. Recommend service anti-siphon loop fitting described as required to eliminate the seawater leak. Clean corroded fasteners, and monitor for recurring deficiency. Service as required.

11. The vessel’s autopilot system was intermittently operational when tested during survey inspection. The compass signal to the autopilot system was interrupted during a portion of the sea trial testing, but did return at the conclusion of the test. Source of deficiency is undetermined and requires further troubleshooting. Recommend service / repair or renew inoperable autopilot system components as required.

12. Two cleats formerly installed at the bow area of the RIB tender were missing when observed during survey inspection. As a result, there were eight unsealed / open holes at the tender’s fiberglass structure. Recommend either reinstall missing deck cleats, or fill / seal the open holes described.

D. ABYC STANDARDS RECOMMENDATIONS

1. Wing nut fasteners were used at the vessel’s generator bank battery to secure conductors to battery terminals when observed during survey inspection. Wing nut fasteners have the tendency to vibrate loose resulting in poor connections.

ABYC Standards recommends: Battery cables and other conductors size 6 AWG and larger shall not be connected to the battery with wing nuts (ABYC E-10.8.3).

Recommend renew wing nut fasteners at battery terminals with marine grade stainless steel hex nut type fasteners.

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CONDITION

STATEMENT OF OVERALL VESSEL RATING OF CONDITION:

It is the surveyor’s experience that develops an opinion of the overall vessel rating of condition after a complete survey has been performed and the findings organized in a logical manner. The grading of condition as developed by BUC RESEARCH, found within BUC USED BOAT PRICE GUIDE, is widely accepted in the marine industry for a vessel at the time of survey. It determines the adjustment to the range of base values 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: • Vessel is maintained in mint or Bristol fashion – usually better than factory new – loaded with extras – a

rarity.

ABOVE AVERAGE CONDITION: • Has had above average care and is equipped with extras.

AVERAGE CONDITION: • Ready for sale. Normally equipped for her size. May require normal maintenance and/or wear & tear

improvements.

FAIR CONDITION: • Requires repairs to return vessel to usable condition.

POOR CONDITION: • Substantial & costly repairs are required.

RESTORABLE CONDITION: • Enough of hull and engine exists to restore the boat to usable condition.

As a result of my investigation, as shown in the SYSTEMS and FINDINGS & RECOMMENDATIONS section, my opinion is:

OVERALL VESSEL RATING:

AVERAGE

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VALUATION

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:

• Buyer and seller are typically motivated.

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

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

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

• 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.

Vessel valuation range is determined by using the following sources: www.soldboats.com, www.yachtworld.com, BUC Used Boat Price Guide, N.A.D.A Price Guides, and other current vessel listings. Local market demands, and current vessel condition can affect the valuation.

CLOSEST COMPARABLE:

1. 2005 McKinna 481 Sedan – Listed: $449,900 USD (02/2011) – Sold: $449,000 USD (02/2011) – Oceanside, CA – Note: Same engine configuration. Appears similarly equipped.

2. 2006 McKinna 481 Sedan – Listed: $459,000 USD (04/2009) – Sold: $435,000 USD (05/2009) – Olympia, WA – Note: Same engine configuration. Appears similarly equipped.

3. 2004 McKinna 481 Sedan – Listed: $449,000 USD (07/2008) – Sold: $400,000 USD (10/2008) – San Diego, CA – Note: Same engine configuration. Appears similarly equipped.

4. 2004 McKinna 481 Sedan – Listed: $395,000 USD (12/2012) – Sold: $360,000 USD (02/2013) – Newport Beach, CA – Note: Same engine configuration. Appears similarly equipped.

5. 2004 McKinna 481 Sedan – Listed: $374,900 USD (03/2012) – Sold: $340,000 USD (06/2012) – San Diego, CA – Note: Same engine configuration. Appears similarly equipped.

FAIR MARKET VALUE: $396,800.00 USD

Three hundred ninety-six thousand eight hundred dollars and zero cents

REPLACEMENT COST: $1,375,000.00 USD

One million three hundred seventy-five thousand dollars and zero cents

VALUATION NOTE: • Valuation figures are statements of opinion. No guarantees can be made. Figures should not be considered

absolute.

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CONCLUSION

In accordance with the request for Report of Marine Survey on the 2005 McKinna 481 Sedan, M/V “CRV”, for the purpose of evaluating its present condition, and estimating its Fair Market Value & Replacement Cost, I herewith submit my conclusion based upon the preceding report. The subject vessel was inspected on January 9, 2015, and was found to be a well-constructed, appointed, and comfortable vessel. In consequence of this inspection, I am of the opinion that the vessel is in suitable condition and fit for her intended service, subject to the above recommendations for safety. SURVEYORS 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 of 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 stipulate results, 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 in good faith. The statements and information contained in it are not to be construed that other unforeseen or undetected defects or damages do not exist. All the findings reflect conditions observed at the time of the survey inspection. The surveyor reserves the right to amend or extend this report upon receipt of additional relevant information. The above report is a statement of opinion made, signed and submitted without prejudice. Respectfully submitted,

Cale Mathers - AMS® #1156 Mathers Marine Survey LLC 151 Polo Park Dr. Bellingham, WA 98229 360.202.7700 [email protected] www.MathersMarineSurvey.com SAMS® Accredited Marine Surveyor® Member ABYC – Standards Certified

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MATHERS MARINE SURVEY LLC 151 Polo Park Dr. ~ Bellingham, WA 98229

www.MathersMarineSurvey.com ~ 360.202.7700 ~ [email protected]

HULL IDENTIFICATION NUMBER

I CERTIFY THAT THE PHOTO OF THE HULL IDENTIFICATION NUMBER (HIN), WHICH APPEARS BELOW ON THIS DOCUMENT, WAS TAKEN ON THE DATE INDICATED BELOW.

HIN: XMC47240A505

USCG DOC. NO.: 1228017

January 9, 2015

Cale Mathers - AMS® #1156 SAMS® Accredited Marine Surveyor®

Date