Viking Report

Sun Coast Marine Surveying & Consulting

Surveyed for: Savage Yachts on behalf of Bank of America - 2006 Viking 74 Convertible. Report file #: 14-0036 2006 Viking74Surveyed by: Sun Coast Marine Surveying & Consulting, Tampa FL Page no: 1 of 99

REPORT OF MARINE SURVEYValuation appraisal inspection

of the vessel

"1st Strike"

2006 Viking 74 Convertible

PREPARED EXCLUSIVELY FOR:

Savage Yachts on behalf of Bank of America5216 West Tyson Ave.

Tampa FL 33611

CONDUCTED BY:

J. Chet Stephens SA

on

April 1st, 2014

Sun Coast Marine Surveying & Consulting"Serving All Of Florida"

888-734-7446


SURVEY REPORT TABLE OF CONTENTS

Major Systems Surveyed Page No.

SURVEY SCOPE & GENERAL INFORMATION 5

EXTERIOR HULL & BOTTOM INSPECTION 8

INTERIOR HULL & STRUCTURAL INSPECTION 21

TOP DECK & SUPERSTRUCTURE 24

FISHING EQUIPMENT 34

HELM & NAVIGATION ELECTRONICS 38

CABIN INTERIOR APPOINTMENTS 44

ELECTRICAL SYSTEMS 58

INBOARD PROPULSION SYSTEM 73

STEERING SYSTEM 79

TANKAGE 80

SAFETY EQUIPMENT 83

SEA TRIAL 92


INTRODUCTION

REPORT INTRODUCTION COMMENTS:

At the request of Savage Yachts on behalf of Bank of America regarding a Viking 74 Convertible, a 2006 74 footpower boat, I agreed to conduct a condition and valuation survey. I arrived at the vessel's location on April 1st, 2014at 7:00AM and met with Captain Tom Hulse and First Mate Ron Dick. The vessel was located at the North PalmBeach Marina located at 1037 Marina Drive Slip 90 North Palm Beach, FL 33408. The survey was conducted from7:00 AM to 7:00 PM.

The weather on the day of the survey was warm with clear skies. Moisture readings were taken of the vessel with acalibrated Model GRP 33 Marine Moisture Meter.

DC power was made available during the survey to the vessel. AC power was available from the ships shore power. The vessel's twin diesel engines were started and operated during the sea trial.

During a vessel's survey the mandatory standards promulgated by the United States Coast Guard (USCG),under the authority of title 46 United States Code (USC), Title 33, and Title 46, Code of FederalRegulations (CFR), and the voluntary standards and recommended practices developed by the AmericanBoat and Yacht Council (ABYC), and the National Fire Protection Association (NFPA) have been used asguidelines in the conduct of this survey. Findings in the summary pages of this survey reflect conditionsobserved at the time of survey.


DEFINITION OF TERMS

The following terms and words have the following meanings as used in this report of survey:

APPEARS - Indicates that a very close inspection of the particular system, component, or item was notpossible due to constraints imposed upon the surveyor (e.g. no power available, inability to remove panels,or requirements not to conduct destructive tests).

FIT FOR INTENDED SERVICE - Service for which is intended by Survey Purchaser (present orprospective owner).

ADEQUATE - Sufficient for a specific requirement.

POWERS UP - Power was applied only. This does not refer to the operation of any system or componentunless specifically indicated.

EXCELLENT CONDITION - New or like new.

GOOD CONDITION - Nearly new, with only minor cosmetic or structural discrepancies noted.

AVERAGE CONDITION - Denotes that the system, component, or item is functional as is with minorrepairs.

POOR CONDITION - Unusable as is. Requires replacement of system, component or item to beconsidered functional.

USE OF *- Use of * in the body of this report will indicate that a finding will be listed in the "Findings andRecommendations" section pertaining to the * item or the use of the text colors red, blue , and green.


SURVEY SCOPE & GENERAL INFORMATIONSCOPE OF SURVEY

Report File No: 14-0036 2006 Viking 74.Date/Time of Survey: April 1st, 2014 From 7:00 AM to 7:00 PM.Date of Written Report: April 3rd, 2014.Conducted By: J. Chet Stephens SA.Requested by: This survey was performed at the request of Savage Yachts and Bank of America,

representatives of both companies were present during the survey. Purpose of Survey: Assess the overall condition and value of vessel.Intended Use: Pleasure- Coastal Cruising.Vessel Surveyed At: North Palm Beach Marina 1037 Marina Drive Slip 90 North Palm Beach, FL

33408.Weather Conditions:

Clear & dry, Temperature was 77 degrees and the humidity at 59.7 %.How Survey Conducted: The vessel was surveyed both while afloat & hauled out of the water. Sea trail: A sea trial was performed as part of this survey. The results are included in the Sea

Trail section.Electrical SystemsChecked:

AC shore power was used to check AC electrical systems. DC power was used tocheck DC electrical systems.

Moisture Checks: The calibrated Electrophysics moisture meter, Model GRP33 was used for moisturereadings referenced in this report.

Surveyor Qualification: The surveyor is a member of SAMS (Society ofAccredited Marine Surveyors), and a CertifiedStandards Technician with ABYC (AmericanBoat and Yacht Council)

VESSEL CONDITION & VALUECondition Rating: AVERAGE CONDITION.Estimated Fair MarketValue:

$2,200,000.00.

Estimated ReplacementCost:

$8,035,000.00.

NOTE: The overall vessel condition and value was established after a complete inspectionof stated vessel, the results of which are included in this report of survey. Theestimated fair market value and replacement cost includes all listed auxiliaryequipment. See "Condition & Value Summary" section for additional details.


SURVEY REQUESTED BYClient Name: Savage Yachts on behalf of Bank of America.Street Address: 5216 West Tyson Ave. City/State/Zip: Tampa FL 33611.Business phone: 813-839-0300.

VESSEL INFORMATIONVessel Yr/Make/Model: 2006 Viking 74 Convertible. Vessel Name: 1St Strike.Hailing port: Fort Myers, FL.Hull ID NumberVerification:

VKY740181506.State validation sticker:

Current.Registration Sighted: No.Manufacturer/Builder: Viking Yacht Company, New Gretna, NJ.Vessel Description: The Viking 74 Convertible is a deep V sport fishing yacht. The "1st Strike" is

seventy four feet in length and is nineteen feet nine inches at her widest breadth.She draws five feet seven inches and weighs one hundred thirty five thousandpounds. The vessel is powered by twin V 16 Detroit Diesel engines that are rated at


two thousand thirty horse power per engine. The main helm has a complete array ofnavigation electronic and three main helm seats in addition to bench seating. Theflybridge tower helm is a standing helm with electronics, engine and steeringcontrols. The main aft deck features a Murray brand fighting chair, a live well inthe transom and fish boxes located in the teak aft deck. The main salon has a brownleather sofa and coffee table. The port side of the main salon has a retractable bigscreen color TV and entertainment system. The galley is on the port side and isseparated by a granite counter with mounted bar stools. The starboard side of themain salon has a settee with seating for up to six adults. Forward of the galley is aday head. Off the starboard side down the stairs is the companionway leadingforward to the staterooms. The forward bow has a guest stateroom with a queensize bed on an island with access on both sides. Full size hanging closets and theguest stateroom has an individual head and shower. Moving aft on the port side is aberth with bunk bed style berths and a private head. Moving further aft is the mainstateroom. A large stateroom with a queen size bed and ample seating provided bya leather sofa and amble storage. The master stateroom features a full size a headwith shower. The crew quarters are located forward of the engine room and isaccessed either from inside the cabin going down the stairs or by going through aentryway connecting the quarters to the engine room. The crew quarters alsofeatures a private head with shower. The vessel has multiple air conditioning unitand has two generators to provide power while underway.

U.S.C.G. Official Documentation No:

1177755 permanently affixed per USCG regulations.Documented use: Recreational.Documented home port: Fort Myers, FL.Documented Length: 74'Documented Breadth: 19'8"Documented Depth: 10'6"Documented Gross Tons: 104 GRT.Documented net tons: 83 NRT.


VESSEL SPECIFICATIONSType: Fiberglass, Planing, Deep Vee hull, Sport Fisherman.Length overall (L.O.A.): 74, per BUC Research.Beam: 19'9", per BUC Research.Draft: 5'7", per BUC Research.Displacement: 135,000 LBS, per BUC Research.

SURVEY STANDARDSStandards Followed: This survey was completed using as reference the federal regulations and

amendments issued and enforced by the United States Coast Guard under theauthority of Title 33 and Title 46 of the United States Code of Federal Regulations(CFR's). In addition the American Boat and Yacht Council (ABYC) and NationalFire Protection Association (NFPA-302) voluntary standards were used asreference during the survey. These ABYC and NFPA voluntary standard practicesare generally followed by most vessel manufacturers today.

SURVEY INSPECTION COMMENTSComments: All systems and components inspected and described herein are considered

serviceable and/or functional except as indicated in the survey report andrecommendations section. Electronic devices and instruments were checked forpower up only - not for functionality. If a component is not identified in thisreport, it was not inspected.

"Priority I Recommendations" are related to Safety & Regulatory findings andare listed in RED in the report.

"Priority II Recommendations" are related to Maintenance & Standards findingsand are listed in BLUE in the report.

"Other Recommendations" are findings that are relatively minor in nature andare listed in GREEN in the report.

It is the nature of marine vessels that deterioration, wear and accidents do occurand as such, this report therefore represents the condition of the vessel only atthe time the survey was conducted.

EXTERIOR HULL & BOTTOM INSPECTIONHULL EXTERIOR


Construction Material:

Fiberglass, with Atlantic Blue gel coat surface. Stem:

Solid, no cracks on external inspection. Moisture readings relatively Dry.


Side thru hull fittings:

Molded in: used for Cockpit/Deck drains, Bilge/Sump drains, Sink drains, A/Cdischarge drain(s), Chain/Rope locker drain, Engine exhaust, Generator exhaust,Vents also sighted for: Fuel vent, Water tank vent, Waste tank vent.

Rub Rail:

Rub rail is stainless steel on aluminum backing. Well secured in good conditionwith only minor scrapes.


Engine vents:

Engine room vents are molded in and in excellent condition.Transom:

Conventional transom, Well secured, no cracks or defects sighted. Moisturereadings were relatively Dry. No delamination sighted.

Transom thru hull fittings:

Molded in used for; Cockpit/Deck drains, Bilge/Sump drains, Fish cleaning station


drain, Engine exhaust, with flapper valves.Aft Deck:

Large sliding door to cabin. Attached steps to helm and fly bridge.Hull Cosmetics: Excellent condition-Well protected and no severe external scratches chips or

abrasions sighted.Moisture/Delamination: All moisture meter readings on side hull near the water line and surrounding thru

hull fittings were relatively dry with normal comparative moisture meter readings.Thermal Images

No anomalies were sighted when scanned using a calibrated FLIR thermal camera. Condition Summary: Good Condition.

HULL BOTTOM


Construction Material:

Fiberglass, with molded in prop pockets.Bottom paint:

Anti-fouling bottom paint in need of renewal. RECOMMENDATION: Remove all


loose flaking paint, prep and repaint entire bottom with fresh bottom paint beforenext launch.

Osmotic blistering: NO evidence of blisters was found on hull bottom during bottom inspection. Blister Comments: Blisters are an unknown factor on all boats and if not currently present, there is no

guarantee that they will not appear in the future. Blisters have a tendency to dryout over winter storage unless severe or large. Blisters (if any) best appear aftervessel has been in water for an entire season. In addition, the symptomaticevidence of blistering can be obscured by bottom coatings, a dry storage periodduring which blisters spontaneously depressurize, bottom laminate sanding, andother conditions or actions. Recommend full inspection for blisters immediatelyafter haul-out and power wash. Surveyor has no firsthand knowledge of the historyof bottom maintenance, blistering, repairs or prophylactic coatings on this vessel.

Moisture/Delamination: Moisture meter readings not taken since the type of bottom paint used wouldprovide false moisture readings. Percussion hammer testing showed no evidence ofany delamination on hull bottom.

Grounding damage: None noted.Strainers/Scoops/Screens:

All strainers/screens are well secured to hull bottom. Clear of debris & zebramussels.


Transducers:

Transducers for speed and depth are adequately sealed and bonded to the hull. Thespeed transducer spins freely.

Thru Hull fittings:

Mushroom type bronze fittings for all below water line sea cock locations. Well


secured to hull bottom.Grounding plate(s):

Well secured and functional.Thermal Imagine

No anomalies were sighted when scanned using a FLIR thermal camera. Condition summary: Average Condition.Findings: Recommendations:Anti-fouling bottom paint in need of renewal. Remove all loose flaking paint, prep and repaint entire

bottom with fresh bottom paint before next launch.

PROPELLER(S)/SHAFT(S) / STRUT(S)


Prop(s) description:

Props have five blades and are made of bronze alloy. No chipped or bent blades.Excellent condition. Prop nuts are secure and properly locked in place with jam nutand properly cotter pinned.

Shaft size / material:

Shafts are sized 3-1/2" and made of Stainless steel. No pitting, cracks or corrosionsighted.

Cutless (shaft) bearing(s): Good condition. No play found in cutless bearing.


Strut(s):

Single bronze P-Strut. Strut appears to be in line.Condition summary: Good Condition.

RUDDER(S)


Rudder type:

Bronze, Well secured. No abnormal horizontal or fore/aft movement in rudders.Condition summary: Good Condition.

TRIM TABS, STABILIZERS AND THRUSTER SYSTEMS


Trim tabs:

Bennett single ram hydraulic trim tabs on port and starboard side. Bennett dual ramhydraulic trim tab on the centerline. Power up and function OK from upper andlower helm.

Bow thruster(s):

Lewmar brand hydraulic powered unit. Prop drive fitting is securely mounted inside the thruster tube which is well fared into the hull and securely fastened. Nocracks sighted where thruster tube is fit into hull. Thruster fit with 5 blades on eachside. All blades intact. Unit did not power up and was not functional.

Condition summary: Average Condition.


Findings: Recommendations:Bow thruster was not functional. Have a qualified technician inspect thruster system,

repair or replace as required.

ANODESHull mounted:

"Camp" anode securely mounted on transom. Good condition. No deteriorationsighted.

Bonding: Yes.Other Notes: Monitor all anodes frequently and replace when they are no more than 50%

wasted. Anodes are normal replacement items designed to protect the running gearfrom electrolysis. Keep spares aboard vessel.

INTERIOR HULL & STRUCTURAL INSPECTIONHULL INTERIOR & STRUCTURAL COMPONENTS

Hull to Deck Joint:

Overlap (Shoe box type), Fasteners sighted were stainless steel bolts spacedapproximately 6" to 8". Appear secure. No leaks sighted thru any part of hull todeck joint area as sighted in anchor locker

Bilge(s): Clean and dry. NOTE: Whenever you visit your boat, it's good practice to check


the bilge area(s) for higher than normal levels of water or anything else that couldbe causing trouble.

Stringers: Hull stiffness provided by hollow FRP grid structure most of which is underteak/FRP sole as well as a heavy grid system in the area of the keel/bilge. Noseparation, cracks or splitting sighted in keel/bilge areas or when inspectingtransducers. Additional stringers support in engine compartment and stringers arewell glassed into hull. Complete inspection not possible due to limited access.Appears serviceable where sighted.

Bulkheads: Athwartships reinforcement enhanced by structural bulkheads bonded to the hullwith FRP (fiber reinforced plastic). All tabbing appears serviceable and sound withno cracks or separation of tabbing sighted in any compartments. No visual evidenceof movement sighted in any bulkhead.

Stem: Solid stem, no cracks or separation sighted inside.Inside of Transom: Reinforced. Secure-no cracks or separation sighted.Condition summary: Good Condition.

ALL THRU HULL FITTINGSSea Valves:

Bronze seacock ball valve(s) installed.Sea valves used for: Air Conditioner(s) raw water intake(s), Engine(s) raw water intake(s), Generator

raw water intake, Head raw water flush intake. Toilet discharge(s), Deck washdown inlet.

Sea Valve Condition: Valves work stiff-difficult to open/close. RECOMMENDATION: Recommendvalves be serviced or replaced.

Sea Valves Piping: Marine rubber covered reinforced hose.


Sea strainers:

Internal strainer(s) installed for engine raw water, generator raw water, head rawwater, air conditioner raw water pickup, Sea strainer is clear of debris.


Transducers:

Speed & Depth transducers are adequately sealed. No leakage sighted.Condition Summary: All sea valves are in average condition and all valves are operable but some are

stiff and difficult to open and close. Note: Tapered wooden plugs tied to sea valvesare an inexpensive safety item and highly recommended under current ABYCstandards.

Findings: Recommendations:Valves work stiff-difficult to open/close. Recommend valves be serviced or replaced.

TOP DECK & SUPERSTRUCTUREMAIN DECK & FITTINGS

Deck Surface:

Molded, cored fiberglass deck construction (core not sampled). White gel coat withmolded in non skid fiberglass surface. Lower fishing deck is teak.


Moisture/Delamination:

Moisture meter readings were all relatively Dry. No delamination or soft spotsdiscovered.

Toe Rail(s):

Molded in, no cracks or separation sighted.Anchor/chain locker:

Yes accessed from top deck with hatch lock. Functional.


Windlass:

Lewmar, Deck box:

Yes, built in on aft deck.Bow Pulpit/Rail:

Stainless steel, Well secured.


Stanchions/Side Rail(s):

Stainless steel, well secured.Cleats & Fairleads:

Horn cleats are all well secured to deck and functional.Joinery Stress: None noted.Cabin (house) to DeckJoint:

Molded in -- no stress cracks noted.

Aft Cockpit Equipment

Gaggeneau Electric Grill. Grill did not power up when tested.


Deck Hatches:

Yes, well secured, seals in good condition, support arm(s) in place. Screensavailable.

CabinHouse Window(s):

Fixed.Scuppers/deck drain(s):

Yes. Drains are clear, hoses secure and drains overboard.


Grab rail(s):

Sides of cabin top, painted aluminum.Aft Fishing Deck

Teak deck with molded stairs leading to the main salon and in deck fish boxes.


Exterior teak:

Teak in excellent condition.Thermal Imaging

No thermal anomalies were sighted on the decks using a FLIR thermal camera. Condition Summary: Average Condition.Findings: Recommendations:Windless does not power up. Cockpit grill does notpower up.

Have windlass serviced to restore function. Havecockpit grill inspected and repair or replace as required.


BRIDGE DECK / COCKPITCockpit & Helm Seating

The cockpit helm seating consists of three swivel pedestal chairs. Forward of the ofthe helm on port and starboard sides are cushioned bench seats, forward is benchseating facing the bow.

Sole:

FRP (fiber reinforced plastic) with molded in non skid.


Door(s):

Hydraulic powered fiberglass door leading into the main salon.


Storage:

Under most cockpit seating areas and storage compartment forward of the helm.Engine access hatch(es):

Through door at companionway on aft deck. Top/superstructure: FRP hard top that is well secured.Moisture/Delamination: All moisture meter readings on sole were relatively dry with normal comparative

moisture meter readings.Condition Summary: Good Condition.

FLYBRIDGE


Construction material:

Fiberglass sole and top with stainless steel frame. Joinery stress: Not sighted. Helm station:

Flybridge helm with padded platform, helm is a standing helm with controls. Seating: Standing helm.

FISHING EQUIPMENTFISHING GEAR


Downriggers:

A single Rupp downrigger is mounted on the center line. Outriggers:

Rupp brand outriggers with dual spreaders are mounted on the vessel.


Live bait wells:

Located on the transom, livewell functions properly. Capacity unknown.Fish Box(s)

Two fish boxes are located on port and starboard sides of the mezzanine deck.


Rod Holders:

Six gunwhale rod holders, six additional rod holders are located on the bridge deck.

Lure/Tackle storage:Refrigeration: Eskimo ice machine with discharge into cockpit solebox and fishbox. Unt not

tested.


Fighting chairs:

Murray brand fighting chair with offset stanchion and rocket launcher.Wash Down System:

Raw water and fresh water wash down. raw water powered up, fresh water pump isinoperable.

Condition summary: Average Condition.

HELM & NAVIGATION ELECTRONICSNAVIGATION ELECTRONICS


Helm Station:

Electronics mounted on cockpit bulkhead at both helms. Compass(es):

4" Ritchie, Powerdamp, at fly bridge helm, appears functional, 6" RichiePowerdadamp at the main helm.


VHF Radio(s):

Two ICOM IC M-602 radios located port and starboard of the bridge helm. OneICOM IC M-602 located on the flybridge. All units power up.

Autopilot(s):

Furuno NAV pilot. Unit powered up and functioned properly on sea trial. Depth Sounder(s):

Two Furuno RD 30 depth finders one located on each helm. Units powered up


during sea trial. Radar:

Furuno 25kW Radar w/ 8' Array Includes ARPA, 42 RPM Gearbox. The Radar didnot power up. RECOMMENDATION: Repair or replace as required.

Fish finder(s):

Furuno Color Video Sounder.


Chart Plotter(s):

Garmin 5215 Touch Screen Plotter, Garmin 5208 Back-up Plotter, Garmin 5208Plotter at the tower helm. All units powered up.

Navigation Computer(s): VEI 12V Nav Computer.Single Side band radio:

ICOM IC M-802, unit powers up. Other electronics: VEI 7.0 Visual Nav Software, Interlink RF Mouse, Gyration Mini RF KeyboardFindings: Recommendations:The Radar did not power up. Repair or replace as required.

ENGINE INSTRUMENTS AND CONTROLS


Throttle and ShiftControls:

Separate levers for each engine throttle and shift control. Control works smoothly.Engine Status:

Furuno MU155C Multi Functional Displays. Units function properly.Panel Lights: All panel lights are functional.Hour Meter(s): Port: 2682 HOURS

Starboard: 2686 HOURS.Engines synchronizer: Yes, synchronizer functioned properly during sea trial. Condition Summary: Good Condition.

OTHER ELECTRONICS AND CONTROLSAntenna(s):

Shakes 17'6" VHF Antenna, Shakes 17'8" SSB Antenna, KVH 18" Satellite TVDish, Polk XM Satellite Radio Receiver, Digital Wireless Cellular Repeater Shakes4' Cell Antenna

Trim Tabs: Trim tabs switches are operational and no leaks sighted.


Thrusters:

Lewmar thruster system. Thruster did not operate. Windlass control:

Helm controlled switch is Not functional. RECOMMENDATION: Repair windlassas necessary to make operational.

Condition summary: Average Condition.Findings: Recommendations:Windless helm control not functional. Have windless controls inspected by qualified

technician and repair or replace as required.

CABIN INTERIOR APPOINTMENTSMAIN SALON


Style:

Contemporary, Varnished teak wood bulkheads and all interior trim. Clean andunmarred.

Sole:

Carpeting installed throughout.Headliner:

Custom Baby Ostrich Headliner Throughout.Bulkheads: Cherry bulkheads.Doors: Cherry veneer.Framing Trim: Cherry trim around all doors and counter tops. Water intrusion signs: No evidence sighted.


Seat Cushions:

Ultra leather, Very good condition-No holes or tears sighted.Salon furnishings: L-Shaped Sofa w/ Storage Underneath & Teak Divider Between Dinette & Sofa on

Forward End.Light fixtures: 12 volt cabin lights throughout the vessel.Storage:

Storage under seats.Ice Maker:

Clear Icemaker Concealed in Teak Cabinetry.


Condition: Interior is in good condition.

ENTERTAINMENT ELECTRONICSStereo(s):

Bose Entertainment System with a Pioneer brand stereo receiver located in themain salon. Master stateroom has a Bose Entertainment System.

Television:

Main salon: Pioneer Elite 50" plasma retractable TV, Master stateroom: 32" SharpAquos, Guest stateroom: 20" Sharp Aquos, Port Guest stateroom 15" Sharp Aquos,Crew Quarters 15" Sharp Aquos. All units powered up with the exception of thecrew quarters television.

DVD player(s): Main salon: Sony model combined VHF and DVD player. Unit powered up but nottested with VHF tape or DVD.

Findings: Recommendations:Crew quarters television did not power up. Have a qualified technician inspect crew television and

repair or replace as required.


GALLEYLocation:

Port side with varnished teak trim and granite counter tops. Stove:

4-Burner Gaggenau Cooktop, four burner, electric. No operators manual located,unable to determine proper operation and unable to get the burners on. Recommendverification burners work.


Refrigeration:

SubZero Refrigerator / Freezer Large Capacity Deep Drawer Undercounter Stylew/ Varnished Teak Faces: (2)Refrigerator Units & (1) Freezer Unit

Water system: Pressurized hot and cold. Water pump does not power up. Sink(s):

Undermounted Stainless Steel Sink with two deep wells.


Trash Compactor:

Trash Compactor, Kenmore brand. Unit not tested.Garbage disposer: Yes- not tested. Storage:

Very good. Cabinets above and drawers and storage areas below the galley.Findings: Recommendations:Pressurized water did not operate. Inspect water pump for proper operation, repair or

replace as required.

DINETTE


Table type:

Custom Dinette Tabletop with Moppa Burl Center & Teak Inlay StripSeating: U-shaped seating around table.

BERTHS / STATEROOMSBerths: Four, forward guest stateroom, port side bunk bed guest stateroom, master

stateroom and a twin bunk crew quarters.Master stateroom:

In Mid cabin area, Amenities include: queen size island berth, sofa, full sizeclosets, TV ---See entertainment electronics section for all details., vanity privatehead.


Guest stateroom 1:

In V-berth area, Amenities include: Full size bed with mattress, raised island bedwith mattress. Hanging closet, Private head TV ---See entertainment electronicssection for all details.

Guest stateroom 2:

Port side aft of the forward guest stateroom. Amenities include: Bunk beds,Hanging closet, Private head TV ---See entertainment electronics section for alldetails.


Crew Quarters

In Aft area forward of the engine room. Amenities include: Bunk beds, Hangingcloset, Private head Equipped with separate controlled air conditioner. TV ---Seeentertainment electronics section for all details. Access to the engine room can bedone from the crew quarters.


Damage sighted:

In the master stateroom the ostrich liner has been torn where art work was secured. Findings: Recommendations:Master stateroom liner has been torn where artwork asmounted.

Have liner repaired.

HEAD(S)


Number/Location:

Five heads one in each berth and a day head located forward of the main salon.


Toilet(s):

All toilets are Headhunter Head Systems. All with the exception of the toilet in theday head off the main salon work properly.

Raw Water Supply: Raw water intake thru bronze seacock. Hose secure. Hoses are secure with doubleclamps.

Sink:

Giallo Vincenzo Granite Vanity Countertops in each head with white porcelainsinks and brass fixtures. All heads have the same sink configuration.


Shower(s):

Brass handheld, pull out shower fixtures Stand up stalls with bi-fold glass showerdoor. All showers in all heads are the same configuration.

Vent Fan: Functional.Medicine Cabinet: Yes available and fully functional.

AIR CONDITIONINGManufacturer & Type: Cruisair, 230 Volt A/C, Reverse Cycle.Locations / BTU Capacity:

Located in the aft section of the engine room on port and starboard sides are two48.000 BTU units to provide air conditioning throughout the vessel. Additional airhandling circulation pumps assist in providing climate control to every stateroomand the main salon/galley.


Temp Controls:

Digital temperature controls, SMX-ir, A/C temperature pull down was 20 degreesand within allowable limits. Unit was also checked for heating function on reversecycle. The reverse cycle heat functioned properly.

Thru hull strainer: Strainer located at A/C raw water pump inlet seacock. Strainer is clear. Hoses areclamped and secure on all fittings sighted.

Hoses & connections: Adequate size and serviceable for application, Hoses are clamped and secure on allfittings sighted.

Raw Water Cooling Pump: 220 Volt pump functioned well when testing A/C units.

ELECTRICAL SYSTEMSD.C. ELECTRICAL SYSTEMS

D.C. Voltage System: 12 and 24 volt systems installed.


Primary Batteries:

There are four batteries located in the port side battery compartment at the engineroom companionway that are Group 31 Gel cell batteries which provide service tothe house electrical and are wired in parallel producing 24 volts. Batteries are wellsecured in boxes. Cables are properly color coded and positive terminals areproperly covered with boots or box covers.


Engine Start Battery(s):

There are six batteries located in the starboard side battery compartment at theengine room companionway. Four that are Group 31 Gel Cell batteries providingservice to the two man engines, and two Group 27 Gel Cell batteries which provideservice to the two generators and are wired in parallel. Batteries are well secured inboxes. Cables are properly color coded and positive terminals are properly coveredwith boots or box covers.

Battery Set Three:

There are two batteries located on the bridge deck that are Group 34 which provideservice to the Flybridge and are wired in parallel producing 12 volts. Batteries arewell secured in boxes. Cables are properly color coded and positive terminals areproperly covered with boots or box covers.

Battery Selector Switch: Yes Rotary switch is functional. NOTE: Recommend alternating use of batteryone and two when using vessel. Only use the battery switch All position if bothbatteries are low or when charging with battery charger/alternator.


Battery monitor:

Switched digital gauge to test battery condition.


Charging System:

Both engine alternators, plus four battery chargers. Engine Battery Charger:Newmar PhaseThree PT-24-45F, House Battery Charger: Newmar Phase Three PT24-95U, Bridge Deck Battery Chargers: Newmar Phase Three PT24-45U and aCharles 30 AMP 5000 series charger.


Distribution Panel:

Yes located in main salon.Breaker(s)/Fuse(s): All D.C. circuits are adequately protected by branch breakers.Connectors: Ring spade or crimp on connectors sighted for wiring connections.Terminal strip(s)/block(s): Yes -- spark protection has been provided.D.C. usage meter(s): Digital type.D.C. wiring: All wiring runs are properly secured every 18" per ABYC E-11 recommendations.DC Electrical ground: DC electrical system is properly tied into vessels electrical ground system using the

engine as a common ground.Other notes: Note: For 12 volt systems, a fully charged battery reads 12.7 Volts, 75% charged

battery reads 12.4 Volts, 50% charged battery reads 12.2 Volts, 25% chargedbattery reads 12.0 Volts and a discharged battery reads 11.9 Volts or less. Checkbattery condition frequently.

Condition summary: Good Condition.Thermal Imaging

No anomalies were sighted when scanned using a calibrated FLIR thermal camera.

A.C. ELECTRICAL SYSTEMS


A.C. Voltage System:

50 Amp - 120/240 Volt system, Shore Power: Two inlets provided by Hubbell 50Amp capacity, located on transom.

Shore power cord(s): Two 50 AMP, 50' length, Cord(s) appear serviceable with no burnt or corrodedfittings & cord shows no cracks.

Shore power breaker:

Dual pole breaker for shore power at main power distribution panel per ABYCrecommendations. Separate shore power breaker is also available for the shorepower inlet over 10' from power distribution panel per ABYC recommendations.

A.C. Power SelectorSwitch:

AC / Generator manual break/make lever switches for each circuit located in mainAC panel.


Distribution Panel(s):

Yes combined with DC power panel. In main cabin.Branch Breakers: All A.C. circuits are adequately protected by branch breakers.Reverse polarity indicator:

Functional and outlets tested OK for proper polarity. All outlets were tested toinsure vessel voltage drops are within ABYC guidelines using an IDEAL 61-165Voltage Circuit Analyzer. All outlets were in the 4%-6% range which is consideredexcellent in marine applications.


GFCI Protection:

GFCI equipped 110V outlets have been installed in all wet locations. GFCI tripsproperly when tested in galley and head locations. One outlet on the starboard sidein the main salon and one outlet in crew quarters had no power.

A.C. Meter(s): Digital type.Wire Type: Stranded copper boat cable- size and rating, where sighted, appears correct and

serviceable for intended use. Wiring Secured: Yes all wiring secured every 18" per ABYC and NFPA recommendations.Wire Terminations: A.C. wiring is properly terminated. No wire nuts or loose connections sighted.Anti-Chafe Protection: Yes sighted at all compartment pass thru locations.A.C. Electrical Ground: A.C. electrical system is properly tied into vessels electrical ground system using

the engines as a common ground.


Galvanic Isolator:

Charles PM3, unit powered up and appears to be working properly. Thermal Imaging

No anomalies were sighted when scanned with a FLIR thermal camera. Condition summary: Average Condition.Findings: Recommendations:One outlet on the starboard side in the main salon andone outlet in crew quarters had no power.

Have a qualified marine electrician inspect AC wiringsystem and outlets and repair or replace outlets asrequired.

GENERATOR


Location/Manufacturer:

Engine space, Two Onan Marine 27.5 KW Diesel powered generators. Serial number:

Port: C050755317Starboard: J040705195.

Kilowatt/Voltage rating: 27.5 KW each.Hour meter: Port: 2567.0 HOURS

Starboard: 2680.8 HOURS.Generator test: Generators both started but were not able to remain operating.Type of installation: In enclosed box.Hoses and clamps:

Properly double clamped. Good condition-No cracks sighted.


Belts and pulleys:

Belts condition are serviceable. No cracks or splits sighted. Pulleys/belts appear tobe in line.

Cooling system(s):

Fresh water / heat exchanger cooled, -- coolant level is full and in good condition.Oil level and condition:

Port: Clean and full.Starboard: Clean, level is low.

Flame arrestor(s): Yes- USCG approved.Ignition protection: Yes -Distributor, Alternator and Starter are OEM and ignition protected.Fuel supply lines: USCG A1 flex.Engine mounts and beds: Engine mounts appear to be well secured to the support mounting.Engine ground cable: Generator is properly grounded with a proper size conductor cable.


Muffler(s):

Fiberglass water lift muffler double clamped at both ends.Ventilation: Blower and natural. Condition summary: Poor Condition.Findings: Recommendations:Generators started but would not run continuouslyduring the sea trial when both shut down.

Have a qualified Onan technician inspect both generatorsystems and repair as required.

GROUND/BONDING SYSTEMMain Bonding Conductor: Twin engines are properly connected to each other by a common conductor circuit.

The remaining ground/bonding system is well established where sighted; Electricalsystem, Seacocks, Shaft logs, Rudders, Sea Strainers, Pumps, Fuel system/tanks,Hull Zincs were all bonded. The bonding system is using individual green insulatedwire or copper strips.


Generator set(s) :

Generator engine ground bus. Through-Hull(s)Connected:

Yes.


Sea Strainer(s) Connected:

Yes.Propeller Shaft(s)Connected:

Yes.Propeller Shaft log(s)Connected:

Yes.


Rudder(s) connected:

Starboard rudder is connected, the port rudder connection is broken.Rudder Shaft Log(s)Connected:

Yes.Trim tabs connected:

Yes.Grounding plate(s): External-well secured to hull and ground wires well secured.Condition Summary: Average Condition.Findings: Recommendations:Port rudder bonding is broken. Reconnect port rudder bonding wire.

INBOARD PROPULSION SYSTEMMAIN ENGINE(S)


No./Type/Cylinders

Two, Detroit Diesel/MTU 2030 HP engines. Serial no(s): Port engine: 5362003101

Starboard engine: 5362003103.Engine(s) hours: Port: 2682 HOURS

Starboard: 2686 HOURS.Hoses and clamps:

Good condition-No cracks, soft spots or leakage sighted. Belts and pulleys: Belts and pulleys are inside a belt guard and are not accessible without removing

panels. Cooling system(s):

Fresh water / heat exchanger cooled.Oil level and condition:

Port Engine: Oil level is full.Starboard Engine: Oil level is low.

Flame arrestor(s): Yes- USCG approved.Ignition protection: Yes -Distributor, Alternator and Starter are OEM and ignition protected.Engine ventilation: Natural ventilation for engine space is provided. Power exhaust ventilation

blower(s) are installed and. Fuel pump(s): 12V electric fuel pump.


Fuel supply lines: USCG A1 flex.Fuel filter(s):

Racor fuel filter/water separator.Drip pad(s) available: Pads in place to catch fluid drippings.Engine mounts and beds:

Engine mounts appear to be well secured to the support stringers.


Engine ground cable:

Engines are properly grounded together with a proper size conductor cable.Engine(s) operated: Yes on sea trial. See sea trial section for details.Oil Sample Test Results Oil samples were taken by Pastor Arce of Florida Detroit Diesel-Allison and will

be provided under separate cover.Oil change system:

Oil Xchange-R system. Appears serviceable.Other notes: NOTE:

It is good practice when buying a used vessel that all fluids (Engine andOutdrive) be changed and the raw water cooling impeller(s) also be changed.

As stated in the Terms and Conditions agreement, It is understood that theattending surveyor is not an engine/transmission surveyor. As such, I recommendthat all gasoline engines and transmissions be inspected by a qualified enginesurveyor/mechanic to determine the internal condition of the engine(s),transmission gears, and pumps, heat exchangers, coolers, etc.

Engine room summary: Engine room is exceptionally clean and uncluttered.


Thermal Imaging

The engine(s) were viewed with a FLIR thermal camera operating under a load.Engine(s) operating temperatures, electrical connections and cooling systems allshowed no anomalies indicating engine(s) is operating within proper limits.

Findings: Recommendations:Starboard engine is low on oil. Inspect oil levels on both engines and add oil to bring to

full level.

EXHAUST SYSTEMDischarge location(s): Aft corners.


Piping/Clamps:

Stainless steel metal and flex hose. Securely double clamped as required. No crackssoft spots or evidence of leaks sighted in exhaust system.

Condition summary: Good Condition.

TRANSMISSION(S)Manufacturer/Model: ZF Hurth marine. Model ZF 2555 Hydraulic Gear driven.Serial no(s):

Port: 50015548Starboard: 50015547.

Gear ratio: Could not read label.


Fluid level and condition:

Gear oil is full and clean.Propeller shaft(s):

3-1/2" Stainless Steel.Stuffing box(es):

Dripless shaft seal system that is raw water cooled. Boot and carbon collar issecure and appears functional.

Condition summary: Good Condition.

STEERING SYSTEM


STEERING SYSTEMType:

Sea Star-Teleflex Model PSC250-9, Main deck and fly bridge, Wheel steering,Hydraulic lines and ram cylinder with attached rudder tiller on rudder stock. Powerassisted off port engine.

Steering tie bar: Well mounted with rudder steering arms connected by a stainless steel lateral bar.Packing gland(s): No leakage or water tracks sighted. NOTE: Monitor rudder packing gland

frequently for leaks. Rudder packing glands should always be totally dry.Condition Summary: Good Condition.

TANKAGEFUEL TANK(S)

No & Location: Three tanks located on the port and starboard sides, under the cabin sole.Tank Type & Capacity: 913 gallons capacity each - Fiberglass Manufacturer' s Label(s):

The USCG required label was sighted on fuel tanks.Fuel Supply Lines: USCG A1 flex hose from tank to fuel pump. No cracks, soft spots or splitting

sighted. Serviceable NOTE: Most fuel hose manufacturers now recommend fuelhoses be replaced every five years.(just like replacing older signal flares). This is


more important with the introduction of ethanol into gasoline as hoses can and dodeteriorate from the inside. The date of manufacture is imprinted on all USCGapproved fuel hoses ....... Consider replacing all flexible fuel hoses every 5 yearsas a part of routine maintenance.

Diesel Return Line(s): Engine uses grade USCG Type A1 return line. No cracks, soft spots or splittingsighted. Serviceable.

Shut Off Valve(s): On tank top, Ball valves at manifold are functional.Vent line/location: Hose type, USCG A1 on hull sides.Fill line(s) located:

Side decks, clearly marked for diesel fuel per ABYC recommendations.Fill Pipe & Condition: USCG Type A2 flex hose, No cracks sighted.Fuel fill grounded: Fuel fills are properly grounded to the fuel tanks.Tank(s) grounded: Yes-Grounded properly.Tank(s) secured: Yes straps with chafe protection.Tank(s) on flat surface: The bottoms of the tanks are adequately ventilated.Tank(s) Condition: Visually good (where accessible)

FRESH WATER TANK(S)No & Locations ofTank(s):

One tank, under cabin sole.

Tank(s) Type & Capacity: Fiberglass type with a capacity of 385 gallons.Tank(s) Secured: Yes.Tank(s) Condition: Visually good (where accessible)Water Pump(s): 12 Volt, did not power up.Tank Monitor System: Yes, appears functional.Supply Lines: Rubber reinforced hose. No leaks sighted.


Shut off valve(s): Manifold.Filling Line(s) Located: Side deck.Vent(s) location(s): Side hull.Shore Fresh Water Inlet: One, located on transom NOTE: Be sure that dockside water pressure is turned off

when the boat is unoccupied for any length of time. A burst hose or other watersystem malfunction could cause serious damage to the vessel or possibly sink thevessel at its assigned slip.

Condition Summary: Good Condition.

HOLDING TANK(S) - BLACK WATERMarine Sanitation Device: Certification Type: MSD U.S.C.G. Type III. (Holding tank). Waste tank is

connected to deck waste fitting for pump out. Overboard discharge lines andfittings are disabled to comply with USCG regulations for the Great Lakes and allinland waters.

No & Location of Tanks: Two holding tanks located under cabin sole, located in engine compartment.Tank(s) Type & Capacity: Plastic with a capacity of 250 gallons total.Tank Monitor System: Yes, Not tested.Tank(s) Secured: Yes.Tank(s) Condition: Visually good (where accessible)Lines: Sanitation hose.Discharge Line(s) Located: Deck pump out or overboard discharge thru an opened seacock.Y Valve(s) Installed: Yes but properly disabled to prevent overboard discharge per USCG regulations for

Great Lakes and Inland waters.Vent(s) Location(s): Transom.Vented loop(s): Yes. Functional.Macerator Pump(s): 12V, pump powers up. Condition Summary: Good Condition.

WATER HEATERTank Location: Engine compartment.Manufacturer/Capacity: Atwood 30 US gallons capacity.How Powered: 110V with heat exchanger coil.Water heater test: No, water pump does not operate.

WATER MAKING SYSTEMType: 1200 GPD Watermaker w/ Auto Backflush.Manufacturer:

Aqua Whisper.


Rating and capacity: 1200 GPD.Secured: Yes.Location:

Engine room starboard side.Inspection/cleaning access: Good.

SAFETY EQUIPMENTU.S.C.G. REQUIRED

Navigation Lights:

Red is functional, green and stern light are not functional. Life Jackets(PFD's):

The following USCG approved life jackets were sighted on board: Six USCG Type


I, All appear to be in good condition.Throwable Type PFD's: No USCG Type IV throwable PFD device sighted on board vessel.

RECOMMENDATION: All vessels 16 ft or more require at least one USCGapproved Type IV PFD (throwable device) per 33 CFR Section 175.15. Owner isadvised to comply with the law.

Visual Distress Signals: No visual distress signals sighted on board. RECOMMENDATION: Provide visualdistress signals to comply with USCG regulations 33 CFR 175.110 for visualdistress signals prior to using vessel. You must have at least three aerial or threered hand held signals that are current. NOTE: All visual distress signals have aprinted expiration date- 3 years from date of manufacture. It is recommended thatexpired signals be retained for backup. You must have at least three aerial orthree red hand held signals that are current.

Sound Devices: Electric horn is functional.USCG placards:

Both USCG mandated placards (Oil & Garbage) are properly posted.Engine ventilation: Natural ventilation for engine space is provided. Power exhaust ventilation

blower(s) are installed and fully operational. Functional.Inland Navigation RuleBook:

A copy of the Inland Navigational Rules was not sighted as required for vesselsover 39'4" (12M) or longer. RECOMMENDATION: Obtain a copy of the InlandNavigation Rules and be familiar with it's contents. Keep rule book on board vesselto comply with USCG regulations and to avoid a potential fine.

Waste Management Plan: A written waste management plan was not sighted on board to comply with USCGregulations. RECOMMENDATION: Vessels over 39'4" (12M) or longer with agalley and berthing require a written waste management plan describing theprocedures for collecting, processing, storing and discharging garbage, anddesignate the person who is in charge of carrying out this plan. This is a USCGCFR 33 151.57 requirement. Non compliance could lead to a fine.

Findings: Recommendations:Green and stern navigational lights are not functional.No USCG Type IV throwable PFD device sighted onboard vessel. No visual distress signals sighted onboard. A copy of the Inland Navigational Rules was notsighted as required for vessels over 39'4" (12M) orlonger. A written waste management plan was notsighted on board to comply with USCG regulations.

Have a qualified marine electrician inspect navigationlights and repair or replace as required. All vessels 16ft or more require at least one USCG approved Type IVPFD (throwable device) per 33 CFR Section 175.15.Owner is advised to comply with the law. Providevisual distress signals to comply with USCG regulations 33 CFR 175.110 for visual distress signalsprior to using vessel. You must have at least three aerialor three red hand held signals that are current. Obtain a


copy of the Inland Navigation Rules and be familiarwith it's contents. Keep rule book on board vessel tocomply with USCG regulations and to avoid a potentialfine. Vessels over 39'4" (12M) or longer with a galleyand berthing require a written waste management plandescribing the procedures for collecting, processing,storing and discharging garbage, and designate theperson who is in charge of carrying out this plan. This isa USCG CFR 33 151.57 requirement. Non compliancecould lead to a fine.

FIRE FIGHTING EQUIPMENTDry Chemical Size I:

Three USCG approved USCG approved extinguisher(s) sighted at the following


locations: Forward Guest Stateroom, Port Guest Stateroom, Crew Quarters,Flybridge.

Dry Chemical Size II:

Three USCG approved USCG approved extinguisher(s) sighted at the followinglocations: Engine Space, Main Salon, Master Stateroom, Helm.


Fixed Halon/Clean Agent:

One USCG approved clean agent FE241 Gauge reads full. Located: in the enginecompartment, Fixed fire extinguisher system has current certification tag(s).NOTE: Halon or other "clean agent" type fire extinguishers must be weighed todetermine true contents. Monitor lights and gauges only show there is pressureavailable and do not reflect the quantity available. Be sure to maintain an annualinspection and to insure serviceability and meet ABYC and NFPA standards. Keepinspection tag attached as a reminder.

Fire Alarms: Fireboy Appears functional.

BILGE PUMPS


MIDSHIP/CENTRALBILGE:

One Rule 3700 GPH pump with a float switch. Pump worked properly when testedwith the float switch.

ENGINECOMPARTMENT:

Two Rule 3700 GPH 12 V pumps with float switches were sighted for and aft ofthe engine compartment. Both pumps powered up when tested using the floatswitch.


AFT BILGE:

One Rule 2500 GPH with float switch. Unit powered up when tested with the floatswitch.

SHOWER & SUMPPUMP(S):

One Rule 3700 GPH with a float switch. Pump worked when tested using theremote float switch.

Bilge Pump Comments: CAUTION---- Bilge pumps are high maintenance items. Bilge pumps are only theinitial part of a de-watering system, which may include a strum-box, check-valvesor occasionally anti-siphon loops and valves, piping, a seacock if the exit is belowwaterline and a thru-hull tailpiece. This entire system must be understood andmaintained. Bilge pumps may fail at any time. No warranty as to longevity can beexpressed or implied at survey. Tapered wooden plugs tied to seacocks are aninexpensive safety item and highly recommended under current ABYC standards.Keeping bilges clean and free of debris is a vital part of insuring proper operation.It is also recommended that each bilge pump be periodically tested by filling theimmediate bilge area with water, to ensure the pump(s) and float switch(s) areoperating as designed.

GROUND TACKLE


Primary anchor:

Fortress No. FX-125 with 15' of raw chain and 300' 1" anchor line.

AUXILIARY SAFETY EQUIPMENTCarbon MonoxideDetectors:

NOTE: During the burning of any of fuels, Carbon Monoxide ( CO ) gas may becreated due to incomplete combustion from propulsion systems, cabin heater orstove as well as nearby boats running generators. Adequate ventilation must be provided at all times while burning any of these fuels, but CO may also be drawninto the cabin through ventilation systems. This is especially true of boats runningair conditioning. CO is a silent menace and kills without warning, Regular testingof installed CO detectors in any occupied spaces below decks is highlyrecommended.

Deck spreader lights: Yes.Search light:

Yes, NVTi brand, unable to power up.


EPIRB:

ACR Satellite 406, Class 2, manually deployable- Battery is current. Tests Ok. Findings: Recommendations:Spotlight did not power up. Have a qualified technician inspect spotlight and repair

or replace as required.


SEA TRIALSEA TRIAL DETAILS

Date & Time:

April 1st, 2014 From 2:15 PM to 4:00 PM. The sea trial was managed by PastorArce of Florida Detroit Diesel who will provide a report under separate cover. Thesea trial was terminated early due to an inability for the vessel reaching full 100%RPM. Another sea trial is being scheduled and conducted by Florida Detroit Dieselat a future date.

Vessel operated from/to: Rybovich Boat Yard out the Palm Beach Inlet, off the Atlantic Coast and back inthe inlet and to the North Palm Beach Marina.


Attendees:

Captain Tom Hulse, First Mate Ron Dick, Matt Taylor of Savage Yachts, TedSpencer of Bank of America, Pastor Arce of Florida Detroit Diesel-Allison, and J.Chet Stephens the attending surveyor.


Vessel operated by:

Captain Tom Hulse.Cruising RPM/Speed 1910 RPM/ 29.2MPH.Full Throttle RPM/Speed Vessel only reached 90% 2200 RPM/34.8 MPHBack Down Test Not Performed.Single Engine Operation: Not Performed.Findings: Recommendations:Vessel could not reach 100% throttle. Resolve fuel delivery issue and re-sea trial the vessel.

SEA TRIAL OBSERVATIONSStart test: Each engine started properly during the power up phase of the sea trial. Engine alarms: Engine alarms for the port and starboard motors worked properly during the sea

trial. Cranking: The engine(s) started without excessive cranking. Engine alarms are functional.Exhaust smoke: Limited white smoke sighted on the port engine during the sea trial.Instruments: The engine instruments all operated and within normal operating limits at idle, and

maximum throttle. Auto Pilot: Auto pilot was tested and found fully functional.Synchronizer: The engines synchronizer operated properly when tested.


Max Throttle: Engine(s) did not appear to reach manufacturer' s rated RPM's. Factors to consider:Lack of sufficient air intake, dirty fuel filters, incorrectly sized propellers, throttlesnot advancing fully, tachometer(s) reading low or numerous other conditions.RECOMMENDATION: Consult with a qualified engine mechanic to determinecause of apparent low RPM's.

Trim tabs: Both port and starboard trim tabs worked properly when tested.Thrusters system: Thruster system did not function.Steering: Steering worked properly when tested. The vessel steered a complete radius of

approximately 00 feet on the starboard and port turns hard over. Vessel stabilitywas good during turning.

Throttle levers: The throttles controls worked properly and smoothly during the sea trial.Transmissions: The transmissions operated normally/smoothly.Backdown: Test not performed during this sea trial.Vibrations Vibrations and engine noise were minimal during the sea trial.Shaft Log: The packless shaft seal system remained dry throughout the sea trial for both

shafts.Shaft Creep: There was NO noticeable shaft creep with engine(s) running and with gears in

neutral.Leaks: No leaks were sighted in any of the lines or hull spaces of the vessel.Air Conditioner: All air conditioners functioned properly in both heat and cooling modes.Rudder packing glands: Both rudder packing glands were dry at the conclusion of the sea trial.Engine shut down: Engine shut down properly using shut down button at engine panel.Single Engine Operation: Test not performed during this sea trial.


INSPECTION RECOMMENDATIONS SUMMARY

PRIORITY I - SAFETY & REGULATORY RECOMMENDATIONS: (MAY BE MANDATORY)

The items listed are required by state laws or federal laws and U.S.C.G. regulations or are considered by theattending surveyor to represent unsafe operating conditions. Recommend these items be corrected before next useof vessel.U.S.C.G. REQUIREDFindings: Green and stern navigational lights are not functional. No USCG Type IV throwable PFD device sighted on board

vessel. No visual distress signals sighted on board. A copy of the Inland Navigational Rules was not sighted as required for vessels over 39'4" (12M) or longer. A written waste management plan was not sighted on board to comply with USCG regulations.

Recommendations: Have a qualified marine electrician inspect navigation lights and repair or replace as required. All vessels 16 ft or more require at least one USCG approved Type IV PFD (throwable device) per 33 CFR Section 175.15. Owner isadvised to comply with the law. Provide visual distress signals to comply with USCG regulations 33 CFR 175.110 for visual distress signals prior to using vessel. You must have at least three aerial or three red hand held signals that are current. Obtain a copy of the Inland Navigation Rules and be familiar with it's contents. Keeprule book on board vessel to comply with USCG regulations and to avoid a potential fine. Vessels over 39'4" (12M) or longer with a galley and berthing require a written waste management plan describing the procedures for collecting, processing, storing and discharging garbage, and designate the person who is in charge of carrying out this plan. This is a USCG CFR 33 151.57 requirement. Non compliance could lead to a fine.

PRIORITY II - MAINTENANCE & STANDARDS RELATED RECOMMENDATIONS: (NOT NORMALLY MANDATORY)

These are important maintenance items sighted which in this firm's opinion should be performed. They may alsoinclude recommendations to conform to current ABYC and NFPA-302 voluntary standards which may not havebeen in effect or may not have been adhered to by the builder when the vessel was constructed. Some of these, ifnot addressed, could lead to a Priority I safety issue and/or may result in a reduced vessel market value.THRUSTER SYSTEMFindings: Bow thruster was not functional. Recommendations: Have a qualified technician inspect thruster system, repair or replace as required. MAIN DECK & EQUIPMENTFindings: Windless does not power upRecommendations: Have windlass serviced to restore functionNAVIGATION ELECTRONICSFindings: Radar system did not power up. Recommendations: Repair or replace as required.AC ELECTRICAL SYSTEMFindings: One outlet on the starboard side in the main salon and one outlet in crew quarters had no power. Recommendations: Have a qualified marine electrician inspect AC wiring system and outlets and repair or replace outlets as required.GENERATORSFindings: Generators started but would not run continuously during the sea trial when both shut down. Recommendations: Have a qualified Onan technician inspect both generator systems and repair as required. GROUND/BONDING SYSTEMFindings: Port rudder bonding is broken.Recommendations: Reconnect port rudder bonding wire.MAIN ENGINESFindings: Starboard engine is low on oil. Recommendations: Inspect oil levels on both engines and add oil to bring to full level. AUXILIARY SAFETY EQUIPMENTFindings: Spot light did not power up.Recommendations: Have a qualified technician inspect spotlight and repair or replace as required.SEA TRIAL


Findings: Vessel could not reach 100% throttle.Recommendations: Resolve fuel delivery issue and re-sea trial the vessel.

OTHER OBSERVATIONS:These are other less significant maintenance items or observations that if not addressed, could lead to moreimportant priority issues and/or could lead to a reduced vessel market value. The cost of addressing theserecommendations is generally minimal.HULL BOTTOMFindings: Anti-fouling bottom paint in need of renewal. Recommendations: Remove all loose flaking paint, prep and repaint entire bottom with fresh bottom paint before next launch. THRU HULL FITTINGSFindings: Valves work stiff-difficult to open/close. Recommendations: Recommend valves be serviced or replaced.MAIN DECK & EQUIPMENTFindings: Cockpit grill does not power up. Recommendations: Have cockpit grill inspected and repair or replace as required.ENTERTAINMENT ELECTRONICS Findings: Crew quarters television did not power up. Recommendations: Have a qualified technician inspect crew television and repair or replace as required. GALLEYFindings: Pressurized water did not operate. Recommendations: Inspect water pump for proper operation, repair or replace as required. MASTER STATEROOMFindings: Master stateroom liner has been torn where artwork as mounted. Recommendations: Have liner repaired.


CONDITION & VALUE REPORT SUMMARY

DECLARATION: Rating of vessel condition was determined upon completion and review of all reported survey information includingrecommendations and comparing vessel to the same or similar age models. Possible vessel condition ratings are asfollows:

EXCELLENT - Essentially as new or bristol in appearance.

ABOVE AVERAGE - Has had above average care with no obvious defects or limitations.

AVERAGE - Ready for sale but needs some maintenance or repairs, updates or cleaning.

BELOW AVERAGE - Needs significant maintenance, repair or service.

Estimated fair market value was determined by cross referencing data from Soldboats.com, BUC, ABOS, NADA,Powerboat Guide and other brokerage listings or local dealers. Adjustments are then made for condition orequipment as necessary. The fair market value is for the vessel in it's current condition prior to any repairs ormaintenance.

Estimated replacement cost was determined using information obtained from BUC, ABOS or local dealer pricesusing the same or similar make and model with similar equipment options.

RATING OF VESSEL CONDITION.............AVERAGE CONDITION

ESTIMATED FAIR MARKET VALUE........$2,200,000.00

ESTIMATED REPLACEMENT COST.........$8,035,000.00

INTENDED USE OF VESSEL.......................Pleasure- Coastal Cruising

SUITABILITY FOR INTENDED SERVICE: Vessel IS considered fit for it's intended useand upon correction of all listed Priority I recommendations.

NOTE: All "Priority II" and "Other Recommendations" should be thoroughly reviewed to bring vessel up to currentstandards and or improve the value of the vessel.


CONDITION & VALUE REPORT SUMMARY

CLOSING STATEMENT & SIGNATURE:

SUMMARY:

In accordance with the request for a marine survey of the 2006 Viking 74 Convertible, for the purpose ofevaluating its present condition and estimating its fair market value and replacement cost on the date of thesurvey. I herewith submit my assessment based on the preceding report. The vessel was personallyinspected by me (the undersigned) and a sea trial was performed on April 1, 2014. Subject to the corrections of thedeficiencies listed in the red and green summary page, the vessel will be considered to be suitable for its intendeduse. Other deficiencies listed in the blue findings should be attended to in a timely fashion.

SURVEYORS CERTIFICATION

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

The statements contained in this report are true and correct.

The reported analysis, opinions, and conclusions are limited only by the reported findings, but may alsoextend to the statements of the owner, captain, or representative of the vessel. My report may also belimiting based upon the conditions that the survey may bring. My findings and conclusions are from mybest efforts from professional analysis, opinions, and conclusions which are based upon my experience andtraining.

I have no present or prospective interest in the vessel that is the subject of this report, and I have nopersonal interest or bias to the parties involved.

My compensation is not contingent upon the reporting of a predetermined value from any party, nor thedirection in value or direction in a value assessment that favors the cause of the client. My compensation isnot contingent upon the amount of the value estimate, the attainment of a desired result, or the occurrenceof a subsequent event.

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

This appraisal is submitted in confidence for the exclusive use of Savage Yachts and Bank of America withoutprejudice to the rights and / or interests of any other concerned parties and may not be used for any other purpose orrelied upon by any other person.

ATTENDING SURVEYOR: J. Chet Stephens

J. Chet Stephens SA Society Of Accredited Marine Surveyors

Documents

Viking Report