Condition & Value Survey Report 1996 Hunter 336 “Tradewind ... · be used. AC ELECTRICAL SYSTEM: Vessel is fitted with two (2) MARINCO 30-amp AC shore power connections located

Page 1 of 31 Report of Survey 1996 Hunter 336 File# SL1810-12

Offices in St. Louis, MO / Buffalo, IA / Chicago, IL www.rlsmithsurvey.com / 312-420-1214

Condition & Value Survey Report 1996 Hunter 336 “Tradewind II”

File: SL1810-12

At the request of Mr. Scott Dachtyl, and for his account, the undersigned Independent Marine Surveyor, Sam M. Littlefield, did attend survey of said vessel at Crowley’s Yacht Yard, in Chicago, IL. on October 24th, 2018. The vessel was examined while ashore on its cradle for the purpose of ascertaining its general condition and conforming value. Date of Report: November 8th, 2018


Introduction & Scope: This survey report is for the exclusive benefit of those named as Client or Authorized user on the cover page. This report may not be resold or relied upon by any other party not listed in this report. The scope of service includes the physical and visual evaluation of the property, herein identified as the vessel, to ascertain its overall condition and conforming market value.

TABLE OF CONTENTS

1. General vessel information 2. Hull Condition 3. Propulsion Machinery 4. Running Gear 5. Fuel Systems 6. Ventilation 7. Engine Exhaust Systems 8. Bilge Systems 9. Potable Water Systems 10. Cooking Fuel Systems 11. Marine Sanitation Systems 12. Electrical Systems 13. Electronic & Navigation Equipment 14. Safety Equipment 15. Fire Fighting Systems 16. Ground Tackle 17. Canvas & Covers/Sails & Rigging 18. Through Hull Fittings 19. Hull Arrangement 20. Valuation 21. Recommendations 22. Photographs

Upon examination, the vessel was found as follows:


SECTION 1

GENERAL VESSEL INFORMATION:

Vessel Name: “Tradewind II” Hull Identification Number: H N33125F596 Year Built: June 1995 Model Year: 1996 Manufacturer: Hunter Marine – Alachua, FL Model: 336 Hull Type: Displacement Rigging Type: B&R Length over all: 33.50’* Length at Waterline: 28.58’* Beam: 11.67’* Draft(max.): 4.50’* Displacement: 11,030 lbs.* Hull Material: FRP Hull Frames: Wood cored FRP Deck Material: Balsa cored FRP Bulkhead Material: Plywood Ballast: 4,100 lbs. lead wing keel* Intended Use: Pleasure *information provided by sailboatdata.com

SECTION 2

HULL CONDITION:

As examined, the vessel was found in average condition for its age. The culmination of condition was formed through examination of the following components:

In addition to visual inspection, the vessel transom, hull, and decks were measured for moisture, where accessible, with a recently calibrated Electrophysics GRP33 moisture meter. Further nondestructive testing included percussive sounding of the hull, transom, decks, and internal framing with a small rubber mallet. Weather conditions the day of survey were sunny and 50° Fahrenheit.

The exterior hull finish was found in overall average condition with no measurable weather fading and only minor cosmetic scratches and/or scuffing. The hull sides displayed a nice luster with no stress cracking or indications of prior repair noted with the exception of a 1” diameter indent in the starboard hull side near the stem. The bottom coating was found in below average condition with numerous random areas of


disbonding noted throughout. Moisture readings throughout the hull sides above the waterline were 0.5%, which is considered a dry reading and serves as a baseline for all other moisture readings taken of the hull and decks. The decks were examined and found to be in average condition with moisture readings of 0.5-0.7% throughout. Percussive sounding of the forward deck and side decks produced sharp retorts, indicative of a solid wood core with no rot and/or delamination. The cabin top was examined and found to be in average condition with moisture readings of 0.5-0.7% throughout and sharp retorts as produced by the sounding mallet. The cockpit sole was examined and found in overall average condition throughout with readings of 0.7% as displayed by the moisture meter. Percussive sounding of the cockpit sole produced sharp retorts throughout, indicative of a solid core with no rot and/or delamination. The stainless steel stanchions were found generally tight at their bases throughout with no indication of strain. The perimeter line appeared to be made out of nylon was found in average condition with no abnormal conditions noted. The transom was examined, and the moisture meter results were unremarkable throughout with readings of 0.5%. No abnormal conditions were noted on the vessel transom except for a 1” wide gouge in the gelcoat which appears to have been caused by the swim ladder when folded down. The keel and keel stub joint were examined and found to be in average condition with a small crack noted in the fairing material at the leading edge of the joint. The keel bolts were examined in the bilge and found to be in good order with no abnormal condition noted. The transverse framing in the bilge was examined and found in average condition with no indication of rot and/or delamination.

SECTION 3

PROPULSION MACHINERY: Engine Manufacturer: Yanmar Model: 3GM30F Diesel Serial Number: 16927 Cylinders: Three (3)


Horsepower: 27* Hours: Unknown Reduction Gear: Kanzaki Hurth Model: KM3P Ratio: 2.64:1 Serial Number: 25857 *information found on sailboatdata.com Condition of hoses and electrical wiring: Hoses and electrical wiring appeared to be original installation and in generally average condition throughout. The wiring throughout the engine appeared in serviceable condition and properly secured. The exhaust hoses were found properly secured to the lift system and in serviceable condition. Engine Remarks: The engine was not operated as part of the survey. The engine appeared to be in average cosmetic condition with no indication of excessive heat, leaks, or abnormal conditions except for paint peeling off in some areas.

SECTION 4

RUNNING GEAR: Prop Manufacturer: Martec Propeller Size: RH 16”x13P Blades: Two (2), fixed. Propeller Material: Marine bronze Shaft Material: Stainless steel Shaft Size: 1” Cutlass Bearing: Aged and cracked. Comments: The running gear was found intact and in serviceable condition throughout. The cutlass bearing was found with the rubber cracked and missing pieces and should be replaced. The shaft log and shaft strut were found in average condition and solid. The fiberglass spade type rudder was examined and found in below average condition with approximately 1/4” of give at the bearing. The lower Delrin rudder bushing ring appears to have become dislodged.

SECTION 5

FUEL SYSTEMS: Fuel: Diesel Filters & Separators: Vessel equipped with fuel filter/separators. Fuel Feed Lines: USCG type A1 flexible rubber hose. Fuel Shut Off: Petcock located on fuel tank.


Comments: No fuel odors were noted during examination. No leaks were discovered or noted during examination. Engine Fuel Tanks: Tank Material: Crosslink Polypropylene Number of tanks: One (1) Capacity: 29 gallons Location: Accessible below port aft cockpit bench. Fill Hose: USCG Type A2 flexible hose. Double Clamped: Fill hose double clamped at tank and at fill inlet. Ground: Metallic fuel fill fitting and tank both grounded. Vent hose: USCG Type A1 flexible hose. Comments: Fuel fill hose was found cracked at the inlet fitting and tank fitting and should be replaced.

SECTION 6

Ventilation: Number of Blowers: One (1) Voltage of Blowers: 12VDC Size of Blower Hose: 3” flexible blower hose. Comments: Blower was not tested at time of survey. Flexible blower hose was found with several holes along its length. Recommend replacing the blower hose.

SECTION 7

ENGINE EXHAUST: Engine exhaust is situated as typical inboard application, which provides for wet engine exhaust through an FRP lift muffler with properly labeled rubber marine wet exhaust hose and exiting at the stern.

SECTION 8

BILGE PUMPS: Bilge Pumps: 12VDC auto, manual pump Number: Two (2) Manufacturer: 12VDC Rule Comments: Not tested at time of survey. High Water Alarm: None Condition of Thru-hull Fittings: Through hull fittings not tested for


functionality. Through hull fittings, where seen, appear to be in good cosmetic condition throughout.

SECTION 9

POTABLE WATER SYSTEM: Pump: 12VDC Shurflo 3091-0216 Potable Water Tank Location: V-berth Tank Material: Polypropylene Capacity: 80 gallons* Hot Water Heater: Seaward S600 Pressure relief: 150 PSI Comments: Potable water system was not tested for functionality at the time of survey. *information found on sailboatdata.com

SECTION 10 COOKING FUEL SYSTEMS: Cooking Fuel: Liquified Petroleum Gas (LPG) Tank Material: Steel Location: LPG tank locker located starboard aft cockpit bench. Comments: The LPG tank was rusted at the bottom. No LPG shutoff switch or valve near the appliance.

- ABYC A-1.7.3.1 The valve(s) or its control shall be operable in the vicinity of the appliance(s) in the event of a fire at any appliance(s). If the cylinder shutoff valve is readily accessible from the vicinity of the appliance, the shutoff valve on the supply line is not required.

SECTION 11

MARINE SANITATION DEVICES: Marine Sanitation Device & System: USCG Type III Tank Material: Polypropylene Capacity: Unknown Location: Accessible below starboard cockpit bench. Pump: Manual JABSCO pump. Through Hull Condition: N/A Comments: The sanitation system was not tested at the time of survey.


SECTION 12

DC ELECTRICAL SYSTEM: Battery Type: lead acid group 27 Number of Batteries: Three (3) Battery Storage: Accessible below starboard cockpit bench in plastic boxes. Battery boxes not secured in place. Battery Ventilation: None Battery Isolation: Not seen. Battery Charger Make: Xantrex TrueCharge 40+

- Input: 115VAC - Output: 12VDC - DC Wiring: Secured throughout.

DC Circuit Protection: Fuse panel Air Conditioner: Arctic Marine Air. AC pump could not be viewed in its entirety without the removal of panels. Comments: Lights, electronics, bilge pumps not tested during survey. Wing nuts on battery terminals. No ventilation for batteries was found. Batteries not secured in place. The icebox compressor conductors are connected with wire nuts.

- ABYC E-10.7.9 A vent system or other means shall be provided to permit the discharge from the boat of hydrogen gas released by the battery.

- 33 CFR 183.420 (a) Each installed battery must not move more than one inch in any direction when a pulling force of 90 pounds or twice the battery weight, whichever is less, is applied through the center of gravity of the battery as follows: (1) Vertically for a duration of one minute. (2) Horizontally and parallel to the boat's center line for a duration of one minute fore and one minute aft. (3) Horizontally and perpendicular to the boat’s center line for a duration of one minute to starboard and one minute to port.

- ABYC E-10.8.3 Battery cables and other conductors size 6 AWG (13.3 mm²) and larger shall not be connected to the battery with wing nuts.

- ABYC E-11.14.3.6 Twist on connectors (i.e., wire nuts) shall not be used.

AC ELECTRICAL SYSTEM: Vessel is fitted with two (2) MARINCO 30-amp AC shore power connections located on the starboard aft side of the cockpit. AC electrical system was not tested at the time of survey.


GENERATOR: None

SECTION 13

ELECTRONIC NAVIGATION EQUIPMENT: VHF Radio: iCOM Model: IC-M402 Depth Finder: Autohelm Model: Tridata Radar: None Model: N/A GPS: Raymarine Model: Unknown Compass: Ritchie Model: Powerdamp Speed Indicator: Autohelm Model: Tridata Auto Pilot: Autohelm Model: ST4000 Additional Equipment: Raymarine ST60 wind indicator Comments: The navigation equipment was not tested at the time of survey.

SECTION 14

SAFETY EQUIPMENT: Number of PFD’s: Ten (10) sighted Size & Type: USCG Type II, III Number of Throw-able Devices: Two (2) USCG type IV sighted Sound Signal per 33 CFR part 86: Air horn Nav. Lights operational: Not tested Visual Distress Signal: Flares Expiration: Expired 2013 Vapor Detector: N/A Navigation Rules Present per 33 CFR part 88.05: Not required Smoke Detectors per NFPA 302: No Trash Placard Sighted: Yes Oil Pollution Placard Sighted: Yes CO Monitor per the recommendations of ABYC A-24: No Comments: Smoke detectors were not found on the vessel at the time of survey. Flares were expired.

- NFPA 302 chapter 12 section 12.3 All vessels 26 ft. or more in length with accommodation spaces intended for sleeping shall be equipped with a single station smoke alarm that is listed to UL 217, Standard for Single and Multiple Station Smoke Alarms, for recreational vehicles and is installed and maintained according to the device manufacturer’s instructions.”

- 33 CFR 175.110 Visual distress signals required.(a) No person may use a boat 16 feet or more in length, or any boat operating as an uninspected passenger vessel subject to the requirements of 46 CFR chapter I, subchapter C, unless visual distress signals selected from the list in Sec. 175.130 or the alternatives in Sec. 175.135,


in the number required, are onboard. Devices suitable for day use and devices suitable for night use, or devices suitable for both day and night use, must be carried.

- ABYC A-24.7.1 A carbon monoxide detection system shall be installed on all boats with an enclosed accommodation compartment(s).

SECTION 15

FIRE EXTINGUISHING SYSTEMS: Fixed System: None Hand held Extinguisher Type: USCG Type BC Size: USCG Size I Number of handheld Extinguishers: Two (2) sighted Locations: Located in main salon and aft bunk. Expiration Date: The fire extinguisher located in the aft bunk had no visible manufacture or expiration date.

- NFPA 10-13 6.3.3.1 Non-rechargeable fire extinguishers shall not be hydrostaticallv tested but shall be removed from service at a maximum interval of 12 years from the date of manufacture.

SECTION 16

GROUND TACKLE: Anchor Type: Danforth Anchor Size: Unknown Anchor Type: Plow Anchor Size: Unknown Anchor Rode: Rope and chain Rode Size: Not measured Windlass Make: N/A Windlass Type: N/A Comments: Anchors stowed in chain locker located in the forepeak.

SECTION 17

CANVAS AND COVERS/SAILS AND RIGGING: Canvas & Covers: None aboard vessel at time of survey Sails & Rigging: All rigging appeared serviceable and in average condition however was not tested for functionality at time of survey. Vessel fitted with cable rigging and two (2) swept spreaders on the mast. The sails were not surveyed at the time of survey. Winches:

- Two (2) Lewmar 30s Perimeter Railing: Nylon line, appears intact and serviceable. Comments: All winches appeared serviceable.


SECTION 18 THROUGH HULL FITTINGS: Seacocks: Ball valves were found in good visible condition as observed. Valves not tested for functionality at time of survey.

SECTION 19 HULL AND ARRANGEMENT: The vessel’s main deck is arranged as a typical sloop with a cockpit aft, side and forward decks, and a raised main cabin. The main cabin entrance is just forward of the cockpit. The main cabin is an open arrangement which features a small galley, dinette, navigation table, head, V-berth and aft berth. The interior was found to be in average condition throughout. Narrative: As examined, the vessel was found to be in average condition overall for its age. This vessel was inspected visually and non-destructively for relative condition with no indication of structural damage or abnormal hull flex as examined. There is no expressed or implied warranty by issuance of this report. The estimated current market value of this vessel was developed through a review of published listings for similar boats and reported prior sale prices, published in one or more national listing services. Once these figures were established, the condition and equipment of the surveyed boat was considered, and a final figure was established.

SECTION 20 VALUATION:

DEFINITION OF APPRAISAL TERMS: Market Value (MV) is the established amount expressed in terms of money that may reasonably be expected for the property in exchange between a willing buyer and a willing seller with equity to both, with neither under any compulsion to buy or sell and both fully aware of all relevant facts as of a specific date. Actual Cash Value (ACV) is computed by subtracting depreciation, based on age and condition, from replacement cost. Replacement Cost is another method of valuation. Replacement cost new, is the current cost new, of a similar new property


having the nearest equivalent utility as the property being appraised. APPROACHES TO VALUE: Cost Approach – The cost approach in appraisal analysis is based on the proposition that an informed purchaser would pay no more for an asset than the cost of producing a substitute with the same utility as the subject asset. The concept is also known as the principle of substitution. The cost approach assumes the maximum value an asset to a knowledgeable buyer to be the amount currently required to construct a new asset of equal utility. The starting point or basis of the cost approach is reproduction cost new, replacement coast new or a combination of both. Sales Comparison Approach – The sales comparison approach in appraisal analysis involves the collection of market data pertaining to the subject assets being appraised. This analysis is also known as the “market approach”. The primary purpose is to determine the desirability of the assets, through the analysis of recent sales and offerings of similar assets currently on the market, to arrive at an indication of the most probable selling price for the assets being appraised. If the assets being compared are not exactly similar to the asset being appraised, adjustments must be made to the comparative sales to bring them as close as possible to the subject. Income Approach – The income approach considers value to be represented by the present worth of future benefits derived from ownership and is usually measured through capitalization of a specific level of income. CONDITION AND EQUIPMENT SCALE: Excellent- Maintained in mint or Bristol fashion-usually better than factory new-and loaded with extras – a rarity. Above Average- Has had above average care and equipped with extra electrical and electronic gear. Average- Ready for sale requiring no additional work and normally equipped for her size. Fair- Requires usual maintenance to prepare for sale. Poor (below average) – Substantial yard work required and devoid of extras.


VALUATION WORKSHEET

Used Boat Price Guide: BUC Used Boat Price Guide (BUC ValuePro) Low: $41,400 High: $46,000 Price Digests - revision date: September 1, 2018 Low: $21,534 High: $27,645 Retail: $34,677 Current Similar Listings: Year/Model: 1996 Hunter 336 Engines: Single diesel Listed: US$ 49,000 (11/18) Location: Mystic, CT YW#: 77698-3477025 Year/Model: 1996 Hunter 336 Engines: Single diesel Listed: US$ 39,500 (11/18) Location: Mamaroneck, NY YW#: 77487-3217746 Sold Comps: Year/Model: 1996 Hunter 336 Engines: Single diesel Last Listed Price: US$ 39,900 (Feb 21 2018) Sold: US$ 32,000 (Mar 27 2018) Location: Daytona Beach, FL YW#: 10144-3181042 Year/Model: 1996 Hunter 336 Engines: Single diesel Last Listed Price: US$ 39,900 (May 08 2017) Sold: US$ 34,000 (May 03 2018) Location: Bristol, RI YW#: 77154-3064348 Year/Model: 1996 Hunter 336 Engines: Single diesel Last Listed Price: US$ 39,000 (Jun 01 2016) Sold: US$ 35,000 (May 11 2018) Location: Hull, MA YW#: 39384-2949823


Note: In calculating OPINION of estimated Market Value through the Sales Comparison Approach, the undersigned considered the average book values at $34,251, along with the average current similar listings at $44,250, and average sold records at $33,667 to obtain an opinion of value at $38,000. Which remains unadjusted for average condition. Calculations used to reach opinion of Estimated Market Value are as follows: Replacement Cost New was not used in calculating opinion of value as the undersigned was able to obtain recent sales records. Sales Comparison Approach: The most recent Yachtworld.com listings were relied upon to form opinion of value; however, under hypothetical conditions and extraordinary assumptions, the undersigned assumes the sales recorded to have been recently affected under fair market conditions and within a reasonable time on the market. The undersigned also relied upon the information contained within each report to be accurate pertaining to condition and amenities.

EST. MARKET VALUE: $38,000 EST. REPLACEMENT COST: $169,000 Estimated replacement costs were obtained from BUCValuepro used boat price guide. The market or sales approach was solely relied upon to form opinion of value.

SECTION 21:

RECOMMENDATIONS: Not all deficiencies will be listed in this section and may have been detailed within the body of this report. Note: New NFPA (National Fire Protection Agency or ABYC (American Boat & Yacht Council) standards may have gone into effect since this vessel was constructed. Some of these safety standards have impact on personal or vessel safety and are cited herein. CFR (Code of Federal Regulation), 72 COLREGS and State Codes are Regulatory when cited herein. “A. Regulatory Deficiencies” – Per Federal Regulation, State Statute, or other legal requirement as cited. “B. Standards Minimum Safety Recommendations” – These items appear to be incongruent with recognized standards of care, quality control during manufacturing or standards set forth by ABYC, NFPA or other as cited herein. “C. Surveyor’s Notes and Observations” – Unless specifically stated, we know of no published standard or requirement governing the deficient item listed; however, suggest the item be addressed based upon good practice and/or maintenance.

TYPE A DEFICIENCIES

A1- Battery boxes not secured. 33 CFR 183.420 (a) Each installed battery must not move more than one inch in any direction when a pulling force of 90 pounds or twice the battery weight, whichever is less, is applied through the center of gravity of the battery as follows: (1) Vertically for a duration of one


minute. (2) Horizontally and parallel to the boat's center line for a duration of one minute fore and one minute aft. (3) Horizontally and perpendicular to the boat’s center line for a duration of one minute to starboard and one minute to port. A2- No smoke alarm. NFPA 302 chapter 12 section 12.3 All vessels 26 ft. or more in length with accommodation spaces intended for sleeping shall be equipped with a single station smoke alarm that is listed to UL 217, Standard for Single and Multiple Station Smoke Alarms, for recreational vehicles and is installed and maintained according to the device manufacturer’s instructions.” A3- Expired flares. 33 CFR 175.110 Visual distress signals required.(a) No person may use a boat 16 feet or more in length, or any boat operating as an uninspected passenger vessel subject to the requirements of 46 CFR chapter I, subchapter C, unless visual distress signals selected from the list in Sec. 175.130 or the alternatives in Sec. 175.135, in the number required, are onboard. Devices suitable for day use and devices suitable for night use, or devices suitable for both day and night use, must be carried. A4- No date on fire extinguisher. NFPA 10-13 6.3.3.1 Non-rechargeable fire extinguishers shall not be hydrostatically tested but shall be removed from service at a maximum interval of 12 years from the date of manufacture. A5- Recommend replacing cracked fuel fill hose. A6- Recommend replacing blower hose.

TYPE B DEFICIENCIES B1- LPG solenoid switch not in the vicinity of the appliance. ABYC A-1.7.3.1 The valve(s) or its control shall be operable in the vicinity of the appliance(s) in the event of a fire at any appliance(s). If the cylinder shutoff valve is readily accessible from the vicinity of the appliance, the shutoff valve on the supply line is not required. B2- Batteries not ventilated ABYC E-10.7.9 A vent system or other means shall be provided to permit the discharge from the boat of hydrogen gas released by the battery. B3- Battery cables secured to batteries with wingnuts. ABYC E-10.8.3 Battery cables and other conductors size 6 AWG


(13.3 mm²) and larger shall not be connected to the battery with wing nuts. B4- Icebox compressor wires attached with wire nuts. ABYC E-11.14.3.6 Twist on connectors (i.e., wire nuts) shall not be used. B5- No CO detector. ABYC A-24.7.1 A carbon monoxide detection system shall be installed on all boats with an enclosed accommodation compartment(s).

TYPE C DEFICIENCIES C1- Recommend repairing the rudder bearing. C2- Recommend replacing the cutlass bearing.
















The statements of fact contained in this report are believed to be true and correct. The reported analyses and conclusions are limited only by the reported assumptions and limiting conditions, and is my personal, impartial, and unbiased professional analyses, opinions and conclusions. The attending surveyor hereby certifies to have no present of prospective interest to the parties and/or property involved or any other interest, which might prevent a fair and unbiased finding. The undersigned has not performed any services, as an appraiser or in any other capacity, regarding the property that is subject of this report within the three-year period immediately preceding this assignment. 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 estimated, the attainment of a stipulated result, or the occurrence of a subsequent event. No one provided significant personal property appraisal assistance to the person signing this certification. The undersigned personally inspected the vessel that is subject of this report. The undersigned reserves the right to amend or extend this report upon receipt or discovery of additional information.

The undersigned certifies the digital photographs contained within this report have not been modified as to content.

_____________________________ _______________________________ Roy Smith, NAMS-CMS/SAMS-AMS Sam Littlefield, NAMS-Apprentice ABYC Master Technician ABYC Certified Advisor - Systems Independent Marine Surveyor Apprentice Marine Surveyor (In Review) (Attending)

Documents

Condition & Value Survey Report 1996 Hunter 336 “Tradewind ... · be used. AC ELECTRICAL SYSTEM: Vessel is fitted with two (2) MARINCO 30-amp AC shore power connections located