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Edwards Marine Survey LLC Page 1 of 21 Marine Survey Report Condition and Valuation 2007 280 Sea Ray Sundancer M/V “XXX XXXX” Report prepared exclusively for – XXX XXXX Date of survey inspection – June 5, 2019

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Page 1: Marine Survey Report · 8/28/2019  · claim against the surveyor based on warranty or guarantee. In the event of dissatisfaction with the conduct of this marine survey, with regards

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Marine Survey Report Condition and Valuation

2007 280 Sea Ray Sundancer

M/V “XXX XXXX”

Report prepared exclusively for – XXX XXXX

Date of survey inspection – June 5, 2019

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Scope of Survey

This marine survey inspection of the 2007 280 Sea Ray Sundancer M/V “XXX XXXX” was performed on June 5, 2019. The

survey took place while out the water at XXXXXXXXXXXXXXX, WA. A vessel demonstration took place in Lake

Washington, out of Seattle, WA on a temperate day with calm lake conditions. Parties attending the vessel

demonstration were Ed Gonsorowski, the undersigned surveyor, and XXXXXXXXXX XXXXXXXXXX. The purpose of this

marine survey is to ascertain the physical condition and estimated fair market value at the request of XXXX XXXX,

Perspective purchaser. A mechanical survey was performed by XXXXXXXXXX XXXXXXXXXX XXXXXXXXXX.

The testing procedures used to perform the survey were non-destructive. Testing methods used but not limited to are

visual, soundings, and moisture meter readings. The moisture meter used during the inspection was a GE Aquant

Protimeter. Structure deficiencies specified in the report, if any, are observations that may require further investigation

using destructive testing techniques to determine the extent of the deficiency in question and to determine a plan for

repair if deemed necessary by a qualified technician or reputable full-service boatyard.

Unless otherwise stated mechanical systems such as engines and generators are not thoroughly examined and are only

visually inspected for apparent deficiencies.

Deficiencies noted during the examination process are in the opinion of the surveyor and may require further evaluation

by a qualified technician. Internal condition of mechanical systems is indiscernible without complete disassembly which

are not performed during this survey.

AC & DC power sources were used to test electronic equipment.

Tankage such as fuel, fresh water, grey water, black water, etc. are visually inspected where accessible. Inaccessible

tankage areas are not evaluated, nor are tankage interiors. The surveyor is not able to comment on the condition of

inaccessible areas of tankage systems.

The surveyor does not make any determination or representation of seaworthiness, stability characteristics or inherent

structural integrity and no opinion is expressed or implied regarding such.

If a component is not identified in this report, it was not inspected.

Although specific recommendations may be made, this survey will be a general survey only; unless specifically identified

otherwise.

This survey was completed using as reference the federal regulations and amendments issued and enforced by the USCG

under the authority of Title 33 & 46 of the United States Code of Federal Regulations (CFR’S). In addition, the American

Boat and Yacht Council (ABYC) and National Fire Protection Association (NFPA-302) voluntary standards were used as

reference during the survey.

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Conduct of Survey

This vessel was surveyed without removal or disassembly of parts including fittings, tacked carpet, fastened boards,

fixed partitions, anchors and chain, instruments, clothing, gear, spare parts and miscellaneous materials in the bilge and

lockers or other fixed or semi-fixed items. Sealed compartments or otherwise inaccessible areas would also preclude

inspection.

The user of this survey is advised that this will be a limited report. Surveys by nature are limited and are not considered

to be a complete examination. The inspection process, manner of presentation of the vessel for inspection, possibility of

latent conditions, errors and omissions by the surveyor may exist. Accordingly, no guarantee or warranty expressed or

implied will be given or made. All statements and comments are opinions only, and no statement shall be basis for any

claim against the surveyor based on warranty or guarantee.

In the event of dissatisfaction with the conduct of this marine survey, with regards to errors contained in the report, or

by omission of information, the surveyor shall correct the report. The sole and maximum remedy shall be limited to the

amount of the fee received for the report.

GENERAL INFORMATION

Survey Report Number 19021

Type of Survey Condition and Valuation at Owners Request

Vessels Intended Use Recreation

Waters to be Navigated Near Coastal Waters, US and Canada

Vessel Name “XXXX XXXX”

Hailing Port Seattle, WA

Documentation Number XXXXXX

Hull Identification Number (HIN) XXXXXXXXXXXX

WA Registration Number (WN) N/A Expires June 2020

Manufactured By Sea Ray Boats

Build Location Knoxville, TN

Model Year 2007

Make/ Model Sea Ray/ 280 Sundancer

Hull Material Fiberglass/ Fiber Reinforced Plastic (FRP)

Hull Type Deep- Vee

Length Over All (LOA) 31’ 1” As per Powerboat Guide

Beam 9’ 5” As per Powerboat Guide

Draft Down 3’ 3” As per Powerboat Guide

Weight (Dry) 8,630 lbs. A per Powerboat Guide

Current Owner N/A

Fair Market Value (FMV) $55,000

Replacement Value $220,000

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VESSEL DISCRIPTION

Vessel Pictures at End of Report

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SAFETY EQUIPMENT AND PROVISIONS

Personal Flotation Devices (PFD) (6) Type II- Serviceable Condition

Throwable Floatation Devices Not Sighted *See Deficiencies*

Visual Distress Signals/ Flare Kits Expired *See Deficiencies*

Fire Extinguishers (1) Type B-1 *See Deficiencies*

Automatic Fire Extinguisher (Fixed) Yes, *See Deficiencies*

Sound Devices Electric Horn Operational

Navigation Lights Not Operational *See Deficiencies*

Re-Boarding Ladder Yes, Operational

High Bilge Water Alarm Yes, Operational

Carbon Monoxide Alarm Hardwired *See Deficiencies*

Bilge Pumps and Auto Float Switches

(2) 1200 GPM 12VDC Float Switches Operational Pumps Power on

Manual Bilge Pumps No

Escape Hatches Yes, Operational

Smoke- Combustible Vapors Detector

Not Sighted- Consider Equipping Vessel for Safety

USCG-Inland Navigational Rules (Vessels 40’ and over)

Not Observed or Required *Recommend Acquiring and Locate at Helm*

Lifelines- Harnesses N/A

USCG Placards Oil and Garbage Plan Yes, Placard Garbage Plan not Required

Carbon Monoxide Warning Sticker Yes

GENERAL RECREATIONAL VESSEL SAFFTEY REQUIRMENTS AND RECOMMENDATIONS

✓ It is the owner/ operator’s responsibility to ensure that the vessel is outfitted with safety equipment in

accordance with Federal and State Regulations. You may find more information showing Washington State

Required Equipment Checklist at the following link.

https://www.boat-ed.com/washington/handbook/page/61/Washington-Required-Equipment-Checklist/

✓ It is recommended the owner/ operators ensure the vessel is equipped with a Carbon Monoxide Detection

system/ alarm, in accordance with ABYC recommendation detailed at the following link.

http://abycinc.org/mpage/CarbonMonoxide

✓ It is the owner/ operator’s responsibility to ensure that the vessel is equipped with Fire Extinguishing

Equipment in accordance with the USCG Code of Federal Regulations and the National Fire Protection

Association (NFPA 302). Helpful information is available at the following link.

https://www.boatus.org/fire-extinguishers/

✓ The following link is an (at a glance) Quick Reference Guide to USCG Minimum Requirements for Recreational

Vessels.

https://www.usps.org/national/vsc/conductvsc_files/USCGMinReq_2012.pdf

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✓ The following link will access the pamphlet “A BOATERS GUIDE TO THE FEDERAL REQUIREMENTS FOR

RECREATIONAL BOATERS” published by the USCG boating safety division. It is the vessel operator’s

responsibility to ensure that the vessel is outfitted in accordance with the USCG regulations.

https://www.uscgboating.org/images/420.PDF

✓ Kidde fire extinguisher recall Remember to check the recall notice issued by the Consumer Product Safety

Commission pertaining to certain Kiddie branded fire extinguishers. If you find that you have one of these on

your boat, then you should seek out replacement ASAP.

https://www.cpsc.gov/Recalls/2017/kidde-recalls-fire-extinguishers-with-plastic-handles-due-to-failure-to-

discharge-and

STRUCTURES

Hull Structure Cosmetically Average to Below Average/ No Defects Sighted

Superstructure Cosmetically Average/ No Defects Sighted

Deck Structure Cosmetically Average/ No Defects Sighted

Transom Cosmetically Average/ No Defects Sighted

Hull to Deck Joint No Evidence of Deficiencies Where Accessible

Bulkheads No Deficiencies Found Where Accessible

Stringers No Evidence of Deficiencies Where Accessible

Windows, Portlights and Hatches Cosmetically Average

Railings Cosmetically Average/ No Defects Sighted

Deck Cleats No Evidence of Deficiencies

Anti-Fouling Bottom Paint Yes *See Deficiencies*

PROPULSION SYSTEM DETAILS

Engine (1) Make/ Model Mercruiser/ 496 Magnum 8.1L *See Deficiencies*

Serial Number XXXXXXXXX

Rated Power Output 375HP

Hours 598 (Digital Gauge)

Fuel Type Gas

Outdrive Make/ Model Mercruiser Bravo III

Serial Number N/A

STEERING SYSTEM DETAILS

Number of Stations (1) Operational- No Evident Defects

Type Cable- Rack System, Operational with no Apparent Defects

Make/ Model Teleflex

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FUEL SYSTEM DETAILS

Fuel Type Gas

Number of Fuel Tanks & Location 1 Fore of Engine

Tank Material Cross-Linked Polyethylene

Total Fuel Capacity Total 100 US Gallons As per Powerboat Guide

Fuel Supply & Return Type Hose- USCG Type A-1- A-2 Serviceable Condition

Engine Fuel Filter Make/ Model Mercruiser Spin-on

Fuel Gauges/ Sight Tubes Yes, Analog & Digital, Gauge- Not Tested for Accuracy

BLACK WATER SYSTEM DETAILS

Number of Tanks/ Material (1) Plastic- No Defects Observed

Total Capacity 28 US Gallons As per Powerboat Guide

Head (Toilet) Type (1) 12VDC Vacuflush- Operational

Water Type Fresh

Tank Level Gauge Not Sighted

FRESH (POTABLE) WATER SYSTEM DETAILS

Number of Tanks/ Material (1) Plastic- No Defects Observed

Total Water Capacity 28 US Gallons As per Powerboat Guide

Water Heaters (1) 120VAC- Operational

Water Heater Capacity 6 US Gallons

Tank Level Gauge Not Observed

PUMP SYSTEM DETAILS

Bilge Pumps Qty. Float Switches (2) 1200 GPM 12VDC Float Switches Operational Pumps Power on

Shower Drain/ Sump 12VDC Rule- Operational

Fresh Water Pump (Potable Water) 12VDC SHURflo *See Deficiencies*

Head Sealand Vacuum Pump

APPLIANCE DETAILS

Refrigerator/ Freezer 12VDC/ 120VAC Norcold Fridge Freezer- Operational

Stove/ Oven Single Burner Butane Stove- Not Tested W/ Butane

Microwave 120VAC Sylvania-Operational

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NAVIGATIONAL EQUIPMENT AND ELECTRONICS DETAILS

GPS Chart Plotter-Depth- Radar N/A

Radio Clarion- Operational

TV Powers on

DVD Powers on

AC/ DC POWER SYSTEM DETAILS

AC System Voltage 120VAC

AC Circuit Protection Circuit Breakers

Shore Power Inlet Marinco 125VAC 30AMP- No Defects Sighted

DC System Voltage 12VDC

DC Circuit Protection Circuit Breakers-Fuses

Batteries Detail (2) Super Start Marine Deep Cycle (Age 3/ 2018) Two Bank System- Functional

VESSEL DEMONSTRATION RESULTS

Fast Cruise Speed/ Wide Open Throttle Speed (WOT)

30 MPH/ 38 MPH Approx. Speed Over Ground (SOG) Actual Speed Will Vary Depending on Wind, Tides and Currents/ Speed Obtained from Vessels Gauge

Oil Pressure Fast Cruise/ WOT 60 PSI Approx.

Temperature Fast Cruise/ WOT 170 Degrees Approx.

Fast Cruise/ WOT- RPMS 3400/ 4400 RPMS

DEFICENCYS FINDINGS AND RECOMMENDATIONS

Deficiencies that were found by the marine surveyor are separated into four categories

detailed below. Other deficiencies may exist that are either undetectable, inaccessible or may

have not been observed by the marine surveyor.

SAFETY RELATED DEFICIENCIES

Safety related deficiencies requiring immediate action. If safety related deficiencies are found, they will be highlighted in

red.

DEFICIENCIES REQUIRING ATTENTION

Deficiencies requiring attention are recommended by the surveyor to be corrected in a timely manner to avoid system,

structure, or equipment failure.

GENERAL NOTES AND OBSERVATIONS

Minor deficiencies that do not require immediate attention or repair, usually cosmetic.

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ABYC RECOMMENDATIONS

Recommendations published by the American Boat & Yacht Council. These recommendations are voluntary, but highly

recommended.

DEFICIENCIES AND RECOMMENDATIONS THAT ARE DEEMED BY THE

SURVEYOR TO NEED ATTENTION OR REPAIR ARE RECOMMENDED TO BE

PERFORMED BY A QUALIFIED TECHNICIAN OR REPUTABLE BOATYARD

SAFETY RELATED DEFICIENCIES

1. VISUAL DISTRESS SIGNAL FLARES: Were sighted aboard vessel but had expired dates. USCG requires a

minimum of three day-use and three night-use or three day/ night combination pyrotechnic devices.

Non-pyrotechnic substitutes: 1 orange flag (day-use) and 1 electric S-O-S signal light (night-use).

Recommend renew visual distress signal flares according to USCG minimum requirements for

recreational vessels.

2. TYPE IV THROWABLE PERSONAL FLOATATION DEVICE (PFD): Type 4 throwable personal floatation

device was not sighted. USCG requires at least (1) type 4 throwable certified PFD on vessels 16’ or larger

to be onboard in an immediately accessible location. Recommend equip vessel with type 4 USCG

certified PFD and place in an immediately accessible location.

3. FIXED FIRE EXTINGUISHER: Fixed automatic fire extinguisher located in the engine room was not tagged

and dated showing recent service. According to the NFPA-302 standards annex B.4.7: All fixed systems, if

installed, should be maintained on at least an annual basis in accordance with the manufactures

maintenance manual. It is recommended that a fixed system be maintained by a qualified fixed system

service person. Recommend have serviced and tagged by a qualified service personnel.

4. HAND-HELD FIRE EXTINGUISHER: Was not tagged and dated indicating recent service. Recommend

service and tag all extinguishers annually per National Fire Protection Association recommendations to

ensure reliability. USCG requires vessels 26 to 40’ have one B-1 handheld fire extinguisher if equipped

with a fixed system. Recommend equip vessel with correct number of fire extinguishers and properly

mount. Label any lockers which contain fire extinguishers.

5. NAVIGATION LIGHTS: Were inoperable when tested at survey. According to USCG minimum

requirements for recreational vessels: Vessels over 16’ must be equipped with sidelights, stern light, and

masthead light and must also have an all-around white anchor light capable of being independently lit

from the red/ green/ white running lights. Recommend repair navigation lights as required.

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6. CARBON MONOXIDE DETECTOR: Carbon monoxide detector was found disconnected at survey and did

not have a “replace by” date. According to ABYC H-24: CO detectors must be marked with the following:

Name of Certifying Body. Replace by date – MM/YYYY or replace by: XX months after retail sale as

determined by the manufacturer. Furthermore, Underwriters Laboratories (UL) instituted a mandate

outlining CO detectors for boats be replaced every 5 years and as of 2010, hardwired CO detectors have

an end of life alarm on all new units sold. Recommend renew CO detector with a marine grade unit.

DEFICIENCIES REQUIRING ATTENTION

7. STEERING PIN WATER ENTRY: Water is leaking into boat at the outdrive steering pin seal. Recommend

repair water leak as required.

8. ENGINE ALTERNATOR: Was inoperable at survey and not supplying a charge to the batteries.

Recommend repair or renew alternator as required.

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9. BATTERIES WING NUTS AND EXPOSED UNGROUNDED TERMINALS: Wing nut fasteners were used to

secure battery cables on house battery. Wing nuts are a poor choice to secure battery cables securely.

According to ABYC E-10: Battery cables and other conductors’ size 6AWG and larger shall not be

connected to the battery with wing nuts. Recommend replace wing nut fasteners with stainless steel hex

nut type fasteners and tightly secured.

Ungrounded (positive) DC power conductor terminals at the batteries were found unprotected from the

possibility of accidental shorting to ground causing a short circuit condition. ABYC E-11: Continuously

energized parts, such as positive battery terminals and both ends of all wires connected thereto, shall be

physically protected to prevent accidental short circuits. Protection shall cover all energized surfaces

(e.g., boots). Recommend locate and adequately cover all energized DC power conductors.

10. FRESH WATER SYSTEM LEAKS: The faucet would not turn off at the galley and head sink. There was a

water leak at the pump itself. Recommend repair all water system leaks as required.

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11. BOTTOM PAINT: Was found to be not adhering in some locations sufficiently and in need of service.

Recommend properly prepare surfaces with missing paint and apply new bottom paint throughout the

bottom.

12. ANCHOR CHAIN LOCKER HATCH SUPPORT BROKEN: Recommend renew gas shock support as required.

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13. PORTSIDE SETEE STOWAGE LOCKER: Will not latch closed. Latch appears intact but will not secure the

hatch door closed. Recommend repair or renew latch assembly as required.

GENERAL NOTES AND OBSERVATIONS

• It was reported to have a complete new outdrive; when observed only the lower unit (bottom) was new. The

outdrive appeared in satisfactory condition and functioned adequately. Brandon Farmer, the mechanical

surveyor did not inspect the outdrive because it was stated to have been renewed.

• Vinyl seat cushion at aft port was split at seam. Recommend repair if desired.

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CONDITION

It is in the professional opinion of the marine surveyor and is based on individual experiences and knowledge in which

the condition is expressed. After surveying the subject vessel, the overall condition will be assessed by the marine

surveyor using the grading scale below.

EXCELLENT (BRISTOL) CONDITION: A boat that is in new or like new condition. Usually loaded with significant

extras; a rarity.

ABOVE AVERAGE CONDITION: Has had above average care, been well maintained and is usually equipped with

extras.

AVERAGE CONDITION: Requiring very little or no additional work and normally equipped for her size.

BELOW AVERAGE CONDITON: Numerous deficiencies exist and will require significant maintenance to ensure

safety and reliability.

POOR CONDITION: Boat is not in usable condition and requires substantial repairs to bring it to a safe and reliable

operational condition.

During the conduct of this survey, all parts of the vessel accessible without removal of bulkheads, fastened partitions,

decks, etc., were carefully examined. Every effort was made to determine the vessels condition and fair market value

compared to similar vessels.

OVERALL VESSEL CONDITION: AVERAGE

SUMMARY

The vessel was found to be structurally sound and practically fitted for her intended service. The vessel was in average

overall condition. Minor repairs, if observed, appeared to be performed in an appropriate manner.

VALUATION

FAIR MARKET VALUE (FMV): The comparable vessel calculation is the most probable price in which a vessel

should bring in a competitive market under all condition’s requisite to a fair sale, the buyer and seller, each acting

prudently, knowledgeably and assuming the price is not affected by undue stimulus. Both parties are well informed or

well advised, and each is acting in what they consider their own best interest. It is an estimated price in which a vessel is

valued between an equally motivated buyer and seller.

REPLACMENT COST: An estimated cost to replace the vessel with a similar sized and equipped vessel of the same

manufacture if possible.

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ESTIMATED FAIR MARKET VALUE (FMV): $55,000

ESTIMATED REPLACEMENT COST: $220,000

Valuation Sources: Condition of vessel and options were used along with Soldboats.com, BucValuepro.com, NADA,

and similar boats currently listed for sale were used to determine the FMV.

NADA Guides location was entered as 98105 Seattle, WA.

Comparable Sales Data and Market Research

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Hull Identification Number (HIN) XXXXXXXXXXXX

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US DOCUMENTATION NUMBER- No. XXXXXXX

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CERFICATION STATEMENT

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 facts and conclusions are limited only by the reported assumptions, opinions, or limiting conditions, and

are of my personal, unbiased professional analyses.

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 estimate, the attainment of a

stipulated 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 should be considered as an entire document. No single section is meant to be used except as part of the

whole.

This report is submitted without prejudice and for the benefit of whom it may concern. This report does not constitute a

warranty, either expressed or implied. Further, it does not warrant the future condition of the vessel, latent defects, or

possible errors or omissions not observed by the undersigned surveyor. It is a statement of the condition of the vessel at

the time of the survey only.

6/5/2019

Ed Gonsorowski, Survey Associate (SA)

Society of Accredited Marine Surveyors (SAMS) Date Report Completed

Edwards Marine Survey, LLC

9611 241st PL SW

Edmonds, WA 98020

206-890-5777

https://edwardsmarinesurvey.com

[email protected]

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VESSEL PICTURES

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