steven c. macnear

Peyton / Registration No: CF 1745 FZ of 24

STEVEN C. MACNEAR Technical Valuation/Marine Survey

2004 Whittier Drive Davis, California 95618 Office: (530) 753-6408 Office: (209) 956-6400

Account No.: 10033

POWER BOAT SURVEY & APPRAISAL FOR INSURANCE SURVEY REQUESTED BY: Dennis Peyton OWNER: Dennis Peyton 120 Haswell Court Auburn, CA 95603 209-986-0508 – Cellular 530-878-5651 - Residence [email protected] OWNER PRESENT: Yes THIS SURVEY CONTAINS 24 Pages SURVEY DATE: June 4, 2015

BY: Steven C. MacNear Steven C. MacNear Technical Valuation Yacht/Survey

Report made, signed and submitted without prejudice to rights and/or interests of whom it may concern.


GENERAL INFORMATION: DATE INSPECTED: June 4, 2015 REGISTRATION NUMBER: CF 1745 FZ. Surveyor did view a current Certificate of Registration. WHERE INSPECTED: RiverPoint Landing on a trailer. (Surveyor did not attend a “water test”). NAME OF YACHT: HELL AINT HALF FULL HULL NUMBER: DMBC00070476 VESSEL PURCHASED: Used DATE ACQUIRED: July 4, 2013 BUILDER: DiMarco Boats, Sylmar, CA. The entire hull was rebuilt in 2006. The engine is brand new. The transmission and V-

Drive has been completely re-built. All new: sea strainers pick up hoses and fittings, water pump headers and switchable exhaust with a muffler option, oil lines and rigging. For all intents and purposes this is a brand new boat.

YEAR: 1976/2006/2015 L.O.A.: 21' VESSEL EVER CHARTERED: Not to surveyor’s knowledge. CONSIDER FOR CHARTER: No. MAINTENANCE: Excellent. Vessel shows pride of ownership

throughout. HOUSEKEEPING: Excellent. REMARKS: Vessel is in Bristol condition, better than factory

new-a rarity. CONSTRUCTION: HULL: CONFIGURATION: Semi-Vee.


FRAMING: Fiberglass Reinforced Plastic over Wood.

MATERIAL: Fiberglass Reinforced Plastic

FASTENINGS: Fiberglass Reinforced Plastic

DECKS:

MATERIAL: Fiberglass Reinforced Plastic TYPE: Open Ski Boat

REMARKS: No structural deficiencies were noted. Approximately 0.25" thick aluminum plate has been added to the inboard stringers. Extra layers of fiberglass-reinforced plastic have been added to the bottom of the hull and overhead on the foredeck. The vessel has two skegs on the bottom of the hull. There are two longitudinal tie rods between cross member and V-drive housing. ENGINE: Was not run at the time of survey. MANUFACTURER: Teague Custom Marine MODEL: 565 C.I.D. YEAR: 2015 SINGLE: Yes FUEL: Gasoline H.P.: 550 NUMBER CYLINDERS: V- 8 REDUCTION GEAR: Turbo 400 GM 3-Speed automatic transmission rebuilt by Art Carr with Casale V-Drive Ratio 40:1

(40% over) APPROXIMATE HOURS: 1.6 (indicated). PROPELLER: 3-Blade bronze 12 LH 16

SHAFTING: 1" K-Monel (new). REMARKS: Electric fuel pump runs with separate switch at the helm. Steel braided fuel supply hoses (non-approved). No fuel shut off valves or anti-siphon valves. Littlefield supercharger


with two double pumper Holly Dominator 1050 4-barrel carbs. Clamshell vents for engine room ventilation. Engine room is open to the atmosphere via the annular space around the supercharger. Carburetors have backfire flame arrestors installed. ELECTRIC SYSTEM: SHIPS VOLTAGE: 12 Volts D.C. BATTERY SWITCH: None noted. BATTERIES NO.: 1-12Volt Optima “Red Top” (‘wing’ nut utilized for one of the battery connections) MAIN ENGINES: ALTERNATOR: Marine. SWITCHBOARD: Helm Console CIRCUIT BREAKERS: None noted. GROUNDED: Not determined. Fuel tanks appear to be bonded by steel braided fuel lines. REMARKS: There are no non-conductive covers on any of the positive wiring connections in the engine room. TANKS: FUEL: NO.: 2 CAPACITY: 42 gallons each. MATERIAL: Aluminum ACCOMMODATIONS: SEATING:


SINGLE: Helmsman’s and companion seats. LOUNGE: In the cockpit aft. RUGS: Average-Good condition. UPHOLSTERY: Very good condition CUSHIONS: Good condition BILGE STORAGE: Amidships in the cockpit sole and under the lounge seat. SAFETY EQUIPMENT: CUSHIONS: 1 LIFE JACKETS: Eight Type III PORTABLE FIRE EXTINGUISHERS: NO.: 1 MAKE: Kidde TYPE: B:C Size I, Dry chemical LOCATION: Outboard of the helmsman’s seat (MFR’D ’90, gauge reads full). AUTOMATIC HALON 1211 SYSTEM: 2-Engine room. No indicator light outside of the protected space. Gauges on the extinguishers read full. MAKE: Fyre Watch BLOWERS: None


BILGE PUMP: NO.: 1 AUTO: 1 (not tested) ELECTRIC: 1 (operational) ANCHORS: NO.: 1 TYPE: Fluke ANCHORLINE: Coated chain and rope rode. HORN: Operational HAND: Air horn SWIM PLATFORM: 2-powder coated aluminum bolt on port and starboard on the transom with stainless steel rod support. REMARKS: Neither running lights nor anchor light are displayed. No visual distress signals noted. 1- paddle. EQUIPMENT: CONTROLS: LOCATION: Port forward in the cockpit

MANUAL: Cables for: detent shift, foot throttle and Morse (new) dual cables push-pull steering.

ELECTRIC/HYDRAULIC: Trim Tab planes

ENGINE HOUR METER: New Livorsi in the engine room.


GPS SPEEDOMETER: New with recall system. REMARKS: New tachometer and new (4) pop-up cleats.

TRAILER:

MFR’D: 1976. CA PTI MS 3962, surge brakes (not tested) on forward tandem axle, ‘C’ channel steel construction, tongue jack (not tested), spare tire carrier, bow chock with manual winch with nylon strap (not tested), 4-fixed bunks some rust present on the fenders, aluminum wheels with LT 195/75R14 tires. SAFETY RECOMMENDATIONS:

1. Provide the 2nd N.F.P.A. 302 required U.S.C.G. approved fire extinguisher mounted in a U.S.C.G. approved bracket in a readily accessible location. This requirement would be waived if the automatic Halon extinguishers were provided with a means to indicate discharge outside of the protected space.

2. Make necessary corrections to the power supply (oil pressure switch or momentary switch) to the electric fuel pump so that the pump only runs while the engine is running or cranking.

3. Replace all the non-approved (steel braided) fuel hoses with U.S.C.G. Type A fuel hose. 4. Provide fuel shut off valves or anti siphon valves at the outlet of the fuel tanks. 5. Provide a master battery switch located outside of the machinery space. 6. Provide an engine room exhaust blower that draws air from the lower third of the engine

room. 7. Verify electrical bond between fuel fill deck plates and tanks and between fuel tanks and

engine block (there should be no more than 1 ohm of resistance). REGULATORY RECOMMENDATIONS:

8. Current visual distress signals would be required if vessel were to be used in “coastal waters”.

9. Properly display the required running lights if the vessel is to be used after sundown or before sunrise.

10. An anchor light must be displayed if the vessel were to be moored at night in a navigable waterway.

MAINTENANCE RECOMMENDATIONS:

11. Have the existing fire extinguisher inspected and tagged by a professional service or replace it with a new one.


This Survey sets for the apparent condition of the vessel, including hull, machinery equipment, fittings and gear, to the best of the Surveyor’s ability without removal of bulkheads, paneling, ceilings and other portions of her structure and without the opening of her machinery or auxiliaries for the internal examination of their operation for performance study. It represents the Surveyor’s honest and unbiased opinion, but in submitting the Survey, it is understood by all parties concerned that the Survey is not to be considered a guarantee of its accuracy, nor does it create any liability on the part of the Surveyor or his employers, arising out of the reliance on information contained in this Survey.

It is the Surveyor’s opinion that the DiMarco Open Ski Boat known as HELL AINT HALF FULL, Registration No. CF 1745 FZ is structurally sound. It is also the Surveyor’s opinion that after the Recommendations set out in this report have been complied with and the propulsion system is in satisfactory operating condition the vessel will be fit for her intended service as a Open Ski Boat. In arriving at Approximate Market Value of subject Open Ski Boat, Surveyor researched comparable vessels in the general market place, Soldboats.com, the BUC Used Boat Price Guide and N.A.D.A. Boat Appraisal Guide; also considered were the state of the local market for this type of Open Ski Boat, the EXCELLENT condition of subject Open Ski Boat and the quality of installation. After having considered all pertinent influencing factors known to him or reported to him, Surveyor is of the opinion that at the time of survey evaluation of subject Open Ski Boat 1was as follows: APPROXIMATE MARKET VALUE: $130,000.00 – Vessel $3,000.00 – Trailer $133,000.00 - Total REPLACEMENT COST NEW THIS EXACT MODEL IS NO LONGER AVAILABLE COMPARABLE: REPLACEMENT COST NEW: $200,000.00 – Vessel $8,000.00 – Trailer $208,000.00 - Total


BY: Steven C. MacNear Steven C. MacNear

FACTS, ASSUMPTIONS AND CONDITIONS GOVERNING THIS REPORT

The information contained in this report is founded upon a thorough and diligent examination and analysis of information gathered and obtained from numerous sources. Certain information has been accepted at face value. Other empirical data required interpretive analysis pursuant to the objective of this Survey. For these reasons, the following Contingent and Limiting Conditions have been prepared to summarize the basic factors and circumstances which govern, in part, the analyses, opinions and conclusions contained in this report.

1. This survey is valid only for the purpose states herein. Any other use of reliance by a third party is invalid.

2. This firm assumes no responsibility for matters legal in character, nor do we render any

opinion as to title, which is assumed to be good.

3. This firm believes the information mentioned in this report as being furnished by others, to be reliable, but assumes no responsibility for its accuracy.

4. Possession of any report or copy thereof prepared by the Surveyor will not carry with it

the right of publication, and copyright in the report remains with the Surveyor. Neither any report nor any copies nor any part thereof are to be delivered or sold to any person other than the applicant and his representatives, other than as may be required by law.

5. In no event shall any of the report be used, shown or delivered to any person separately

from the whole report, including all qualifications thereon by the Surveyor.

6. This firm is not required by reason of this Survey to give testimony or evidence in court with reference to the vessel in question unless arrangements have been made therefore.

7. This firm warrants that it has no interest in the subject vessel nor is the fee for making the

Survey in any way contingent upon the reported condition. This Survey is subject to revision upon the presentation of data, which might be later made

available, that is undisclosed or unavailable at the completion date of this report.


CERTIFICATION

I certify that, to the best of my knowledge and belief:

1. The statement of facts contained in this survey report, upon which my personal, unbiased professional analyses, opinions and conclusions expressed herein are based, and are true and correct.

2. I have no present or contemplated future interest in the vessel that is the subject of this

appraisal report.

3. I have no personal interest or bias with respect to the subject matter of this survey report or the parties involved.

4. 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 stipulated result, or the occurrence of a subsequent event.

5. This survey report sets forth all the limiting conditions (imposed by the terms of my

assignment or by the undersigned) affecting the analyses, opinions and conclusions contained in this report.

6. My analyses, opinions, and conclusions were developed, and this survey report has been

prepared in conformity with and is subject to the requirements of the Code of Professional Ethics and Standards of Professional Conduct of the American Society of Appraisers and the Uniform Standards of Professional Appraisal Practice.

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

8. No one other than the undersigned prepared the analyses, conclusions, and opinions

concerning property that are set forth in this survey report.

Steven C. MacNear Steven C. MacNear

steven c. macnear

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