EFTA01117833.pdf

CONDITION AND VALUATION SURVEY REPORT M.V. SEA EAGLE (Privileged and Confidential) Mark T. Perkins, AMS Marine Surveyor MARK T. PERKINS SURVEYOR, INC. January 28, 2014 2828 Staples Ave. File No. 01281-S-14 Key West FL 33040 Tel. Fax EFTA01117833  SURVEY REPORT M.V.SEA EAGLE GENERAL PARTICULARS: A welded aluminum, twin inboard diesel powered, crew/dive motor vessel of conventional design with curved stem and transom stem. OFFICIAL NUMBER: 666373 L.O.A.: 48.5' Reg. BEAM: 15.5' Reg. DRAFT: 6.6' Reg. NET TONNAGE: 25 BUILT: 1984 BUILDER: Custom, Port Everglades, Florida POWER: 2 - Detroit 871, naturally aspirated, 8 cylinder diesels. HOME PORT: Key West, Florida PRESENT AT TIME OF SURVEY: Mark T. Perkins WATERS TO BE NAVIGATED: As per USCG COI INTENDED SERVICE: Utility/charter ACTUAL USAGE: Dive/charter 49 passengers FOR THE ACCOUNT OF: Captain's Corner 125 Ann Street Key West, FL 33040 NOTE: All capacities and dimensions are approximate. No investigation into ownership or title has been made. EFTA01117834 A MARK T. (REEF) PERKINS SURVEY Page 3 SEA EAGLE/Captains Corner Our File No. 01281-5-14 January 28, 2014 TO WHOM IT MAY CONCERN: THIS IS TO CERTIFY That the undersigned, Mark T. Perkins, at the request of Capt. Bill Grosscup, proceeded on the 281° day of January, 2014 to the Conch Republic Seafood Docks, Key West, FL and there did attend the M.V. SEA EAGLE, while afloat at regular dock for the purpose of surveying particulars and condition of said vessel. The following survey represents the full findings of the attending surveyor on the date of survey, and is subject to the following limitations. 1. No withdrawal of shafting taken. 2. No opening of joinenvork, paneling, void spaces or tankage rendered. 3. No removals or destructive testing undertaken. 4. No disassembly of engines, machinery, electrical, plumbing or other equipment undertaken: assessment thereof is limited to what was externally visible or ascertainable from operation. Testing of propulsion machinery limited to dockside testing if afloat. 5. Survey does not contain a full inventory, and any items not mentioned, or items put aboard at a later date that would normally be included under insurance should be listed, and the list appended hereto. 6. A short sea trial was requested and conducted. 7. Tanks not fully pressed. No pressure testing undertaken. Vessel specifications taken from provided literature only. No field measuring undertaken. Contractual Limitations 1. Older boats. It is agreed that boats older than five years will not have all obvious cosmetic flaws listed on the survey other than the statement of condition in the summary. This includes nicks, dings, and minor scratches in the gel coat, worn upholstery, headliners, seat cushions, Bimini tops, dodgers or other worn gear obvious to the owner/purchaser at the time of his or her inspection, unless written requests are made for specific detailed information. 2. Limits of non-destructive survey. The essential function of pre-purchase/condition and valuation survey is diagnosis and discovery. The limits are the use of electronic or radio devices, percussion sounding and observation. Pre-existing damage especially to the keel area from improper blocking/handling may not be discovered during this type of survey. Thermal photography and other methods are available should the owner/buyer choose to employ them. Disassembly, core sampling, sectioning of engine bed stringers, stress testing or any other destructive testing procedure needs written permission from the owner and special considerations subject to negotiation. NOTE: Specifically excluded are illegal or dangerous installations deliberately designed to be hidden and unobservable. If illegal or dangerous items are observed they will be written in the report. 3. Specifically excluded are: rigging above deck level, internal components of engines or machinery, electronics and navigation equipment and any other item not addressed by name in the survey. Personal, decorative, or other items and installations: i.e. stereo systems, kerosene lamps, heaters, will not be inspected unless specifically contracted. EFTA01117835 A MARK T. (REEF) PERKINS SURVEY Page 4 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 HULL CONSTRUCTION AND CONDITION Welded marine grade aluminum with welded decks, beams, longitudinals, verticals and gussets. Customized welded aluminum dive platform and ladders. The hull underwent a complete re-finish in 2004 and the finishes are currently in average condition. The vessel was last hauled in November, 2013 at 3D Marina, Key West, Fl for major bottom re-plating in order to satisfy the USCG Certificate of Inspection criteria regarding wasted hull shell plating. The work was performed by a certified marine welding company (Trace) in accordance with best standards and practices and USCG guidelines. During the haul out the running gear was re-fitted, all zincs renewed and custom fixed trim tabs installed. The SEA EAGLE is undergoing an in the water USCG/COI inspection on this date which will validate her COI until 2017. The hull was found to be in average condition overall as viewed while afloat with no signs of new or significant electrolytic deterioration or impact damage. NOTE: On November 27, 2013 I attended the vessel for the purpose of regular C&V survey. Upon arrival I was notified that the vessel had been inspected out of the water and numerous structural (hull plating) issues were observed. USCG required certified repairs prior to continuance of the vessels current COI (expires 2017). The value of the SEA EAGLE at that time was significantly affected by these findings and the survey was postponed until this date. The value of the MV SEA EAGLE at that time, considering the damage discovered, prior to repairs required and condition of machinery and appointments was, in my opinion, $ 90,000.00. The repairs were undertaken and completed at an approximate cost of $ 50,000.00. DECK ARRANGEMENT AND CONDITION Welded aluminum decks and super structure with applied (2004) AwlGrip non-skid surfaces on all weather decks. Adequate freeing ports. Welded aluminum safety rails as per USCG/COI, tank racks and pilot house. Good access to engines and steering gear. Aluminum bulkheads as per USCG/COL The decks were found to be clean and workable and in good condition overall. INTERIOR ARRANGEMENT AND CONDITION Enclosed head forward with manual MSD. Main cabin with seating, tables and wet and dry gear storage. Some deterioration of overhead mica covering and insulation. Pilot house with safety glass windscreen, seating, and control console. EFTA01117836 A MARK T. (REEF) PERKINS SURVEY Page 5 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 MACHINERY A visual inspection only was made. ENGINES: 2-Detroit, 8 cylinder, naturally aspirated, fresh water cooled, marine diesels with hydraulically actuated, counter rotating marine reduction gears and "Drive Saver" couplings. Primary (Racor 900FG) and secondary fuel filters. Serial numbers not visible. Welded aluminum engine beds with hard mount installations. Mechanical engine kill cables. Hours reported are since rebuild. Port-Model: 8V71NA Serial number. Not viewed Hours reported: 2000 Stbd-Model: 8V7 INA Serial number. Not viewed Hours reported: 2000 EXHAUST: Dual risers, aluminum pipe, water injected to fiberglass mufflers/expansion chambers. PUMPS: I- Engine driven bilge/fire to properly labeled, 5 station bilge/fire manifold system. 1 - 2VDC submersible bilge with auto switch. 2 - Manual bilge. 1 - Wash down I -Waste transfer I -Oil change BATTERIES: 4 - Group 31, 12VDC, AGM secured in acid proof FRP box in ventilated engine compartment to approved vapor proof switches. WIRING: Thermoplastic covered boat cable gauged, routed, secured and connected as per NFPA 302 and ABYC Standards in effect at the time of construction. Commercial I 2VDC breaker panel. 30 amp shore service fitted with marine connections and main breaker, serves only battery charger. TANKS: I - 500 gallon welded aluminum diesel fuel, vented, bonded and secured. 2 - 25 gallon aluminum water 1 - 25 gallon PVC waste holding fitted as per USCG and municipal requirements HULL PENETRATIONS: All valved, SS ballibronze quarter throw seacock type. STEERING: Single station, single ram, Hynautic pressurized hydraulic. INSTRUMENTATION: Each engine - RPM, Oil Pressure, Water Temperature, Volts, Gear Oil. ENGINE CONTROLS: Single station, dual lever cable type. EFTA01117837 A MARK T. (REEF) PERKINS SURVEY Page 6 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 (Machinery cont.) VENTILATION: Adequate natural and forced air in steering gear/engine compartment LIGHTS: All required under International Rules. COAST GUARD AND SAFETY EQUIPMENT 53 - Adult Type I PFD 6 - Child Type I PFD 1 - Fire pump/emergency bilge manifold system 1 - ACR 406 MHz EPIRB, rigged for rapid deployment on cabin top 2 - Approved life floats 3 - Type N throwing device 5 - B-1I thy chemical fire extinguishers 1 - B-I thy chemical fire extinguisher 2 - 10 LB A:B:C fire ext. in engine space 1 - Oil Discharge Plaque 1 - MARPOL sticker 1 - Current 12 gauge flare kit as per COI 2 - High water alarms 1 - Emergency 02 system 1 - All notices, labels and warnings as required. Enrolled in DAN (Diver Alert network) GROUND TACKLE I - 65 lb. Claw anchor I - 150' x 3/4" nylon rode I - 20' x 3/8" stainless steel chain I - Rock anchor INVENTORY I - West Marine VHF radio I - Ritchie 4" compass I - Gartnin 340C video depth sounder 1 - JRC 1000 LCD radar 1 - Sony AM/FM/CD player and speakers 1 - Gartnin 182C GPS 1 - Set Bose speakers EFTA01117838 A MARK T. (REEF) PERKINS SURVEY Page 7 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 RECOMMENDATIONS I. Protect port side battery cables from chafe-see photo. 2. Clean engine room bilge and provided new oil zorbant materials in bilge. 3. Clean battery tops. 4. Clean stbd engine inboard air intake-see photo. 5. Replace inboard stbd engine exhaust riser insulating material-see photo. 6. Cleans stbd engine inboard air intake box. VALUATION It is the undersigned surveyor's opinion that the subject vessel, as equipped, and with the above recommendations attended, has a present day approximate value of $150,000.00 (ONE HUNDRED FIFTY THOUSAND DOLLARS), and a present day new replacement value in excess of $1,000,000.00 (ONE MILLION DOLLARS). COMMENTS After repairs, the M.V. SEA EAGLE was found to be in average condition overall for a vessel of this age and service. She has been crew maintained and sees regular service within her prescribed navigational limits. No apparent conflict with NFPA 302 Guidelines, ABYS and U.S. Coast Guard Standards. The SEA EAGLE holds a current USCG Certificate of Inspection. Boarding is conducted alongside a fixed wooden dock with crew supervision. Security, fire and pump out services available nearby. Financial and Insurance Survey: Is a condition and valuation survey for marine risk only. It informs the insurance underwriter and financial institution of the type and construction of the vessel, equipment and machinery. Items which comply and do not comply with the majority of accepted National Fire Protection Association (NFPA) 302 Standards, American Boat and Yacht Council (ABYC) Standards, Insurance Underwrite Standards and United States Coast Guard Requirements are listed. Generally, the vessel is not dry docked for bottom inspection, unless requested by the underwriter, yet the interior hull is observed where accessible and remarks are noted. A trial run is not conducted unless requested: however, if the owner is aboard it is recommended that engines be started to assure operation. Approximate current market value and replacement values are reported with the assumption that all equipment and machinery are fully operational. This type survey should not be misconstrued as being a full buyer's pre-purchase survey and is not intended to be assumed as such. This survey is for the use of the named account only. The market value appearing in this report is based on an average selling price of a vessel of this type and size according to materials at hand, considering all extras and accessories on board fairly depreciated, and is intended for insurance and financial evaluation but is not intended to influence the purchase or non-purchase of the vessel. EFTA01117839 A MARK T. (REEF) PERKINS SURVEY Page 8 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 (Comments cont.) This survey is based on my opinion of the facts presented and discovered with no warranty either specified or implied thereof. Latent defects which cannot be determined without the opening up or removal of sheathing, joiner work, deck covering, and/or the assembly or disassembly of machinery, plumbing, engines, wiring, or other parts of this vessel are not intended to be covered by this report. SUMMARY Upon completion of the aforementioned "Recommendations" it is the opinion of this surveyor, that the M.V. SEA EAGLE DO 666373 would be considered a good marine and fire insurance risk. NOTE: While the Officers and Surveyor, MARK T. PERKINS, INC., use their best endeavor to insure the correctness of all reports and certificates and opinions expressed, let it be known, understood and agreed in accepting this report that no representative or agent of MARK T. PERKINS, INC., is - under any circumstances - to be held responsible or liable for any error in judgment, inaccuracy, oversight or mis- statement in conducting survey and issuing of report covering the above named M.V. SEA EAGLE. I, the undersigned, certify that I have no interest, present or contemplated, in the vessel described in this report and that, subject to the implied assumptions herein contained and the limiting conditions stated herein, all statements in this report are true to the best of my knowledge, belief and opinion. Report made, signed and submitted without prejudice to rights and/or interests of whom it may eventually concern. Respectfully, MARK T. PERKINS, INC. Sire& eiectronicatly Mark T. Perkins, SAMS #27 Marine Surveyor EFTA01117840 A MARK T. (REEF) PERKINS SURVEY Page 9 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 PORT BOW VIEW AT REGULAR DOCK COSMETIC/ COATING REQUIREMENTS EFTA01117841 A MARK T. (REEF) PERKINS SURVEY Page 10 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 STERN VIEW AFT DECK VIEW EFTA01117842 A MARK T. (REEF) PERKINS SURVEY Page 11 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 STATES OF AMERICA NATICAAL DOCmama.% ci.• CERTIFICATE OFDOCUMEMATI0N DOCUMENT EFTA01117843 A MARK T. (REEF) PERKINS SURVEY Page 12 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 Certificate of Inspection Ittlia•U Min *mons ;ZO;r4.100.11•ft ••••••••• •• • COI EFTA01117844 A MARK T. (REEF) PERKINS SURVEY Page 13 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 COI EFTA01117845 A MARK T. (REEF) PERKINS SURVEY Page 14 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 WHEELHOUSE MAIN ELECTRIC DISTRIBUTION PANEL EFTA01117846 A MARK T. (REEF) PERKINS SURVEY Page 15 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 DECK VIEW AFT FROM WHEELHOUSE STBD ENGINE TOP VIEW EFTA01117847 A MARK T. (REEF) PERKINS SURVEY Page 16 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 GEAR LOCKER GEAR LOCKER EFTA01117848 A MARK T. (REEF) PERKINS SURVEY Page 17 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 HEAD/MSD AS PER USCG GEAR LOCKER VIEW AFT EFTA01117849 A MARK T. (REEF) PERKINS SURVEY Page 18 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 TYPICAL EXHAUST SYSTEM PORT ENGINE EFTA01117850 A MARK T. (REEF) PERKINS SURVEY Page 19 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 OILS IN BILGE/REMOVE TYPICAL EXHAUST SYSTEM-UPGRADED EFTA01117851 A MARK T. (REEF) PERKINS SURVEY Page 20 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 STBD REDUCTION GEAR PORT REDUCTION GEAR EFTA01117852 A MARK T. (REEF) PERKINS SURVEY Page 21 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 TYPICAL SHAFT LOG/DRIPLESS WITH SHAFT-SAVER COUPLING BATTERY ARRANGEMENT EFTA01117853 A MARK T. (REEF) PERKINS SURVEY Page 22 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 STBD REDUCTION GEAR DATA PLATE EMERGENCY BILGE PUMP MANIFOLD SYSTEM EFTA01117854 A MARK T. (REEF) PERKINS SURVEY Page 23 SEA EAGLE/Captains Corner Our File No. 01281-5-14 January 28, 2014 EMERGENCY BILGE PUMP STBD INBOARD RISER-REPLACE INSULATING MATERIAL EFTA01117855 A MARK T. (REEF) PERKINS SURVEY Page 24 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 CLEAN STBD ENGINE INBOARD AIR BOX USE BETTER MATERIAL TO ISOLATE PORT SIDE BATTERY CABLES EFTA01117856 A MARK T. (REEF) PERKINS SURVEY Page 25 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 INBOARD PORT ENGINE INBOARD STBD ENGINE EFTA01117857 A MARK T. (REEF) PERKINS SURVEY Page 26 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28. 2014 FIRE EXT. AS PER COI NEW INSET PLATING-NOVEMBER 26. 2013 EFTA01117858 A MARK T. (REEF) PERKINS SURVEY Page 27 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 INSET PLATING-RENEWED NOVEMBER 26, 2013 CORRODED CUT-OUT PLATING EFTA01117859 A MARK T. (REEF) PERKINS SURVEY Page 28 SEA EAGLE/Captains Corner Our File No. 01281-S-14 January 28, 2014 CUT OUT PLATING TYPICAL INSET REPAIR EFTA01117860