What should I expect from a marine survey report?
What is a Condition and Value Survey?• Simply put, a Condition and Value Survey (C & V) is a report which details the current condition of a boat and estimates its value. The surveyor will complete a thorough visual inspection of the boat to insure it conforms with accepted marine standards as a safe floating platform. Some non-destructive testing, such as sounding the laminate with a hammer or testing with a moisture meter, may be included. The survey report will cover the areas inspected and include recommendations regarding problem areas. It will also include a current market value estimate.
Basis of the Survey• You should be aware of the guidelines a marine surveyor uses for his comparisons, such as: "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 Federal Regulations (CFR), and the Voluntary Standards and Recommended Practices developed by the American Boat and Yacht Council (ABYC) and the National Fire Protection Association (NFPA) have been used as guidelines in the conducting of this survey. "• This tells you the exact information the marine surveyor used as a baseline for his comments and recommendations. Also be sure you understand how the marine surveyor determined the market value and/or replacement value for the boat and what those values mean.
What good does it do me as a boat owner?• Most importantly, the survey helps determine the overall condition of your vessel, that it meets the safety criteria which safeguard your passengers and crew. For individuals buying or selling a boat, a Condition and Value Survey helps determine the actual value of a craft. The survey also helps the insurance company determine that they are underwriting a safe working platform. Remember that you are hiring a surveyor for his or her objective opinion of the condition of the boat and its value. You may not agree with the final findings in either regard but you have benefited from their professional opinion.
What components are examined?• The hull, decks, overall cosmetic appearance, structural integrity, electrical, mechanical, plumbing, and propulsion systems are examined as well as the electronics and navigation equipment
Bottom and Hull SidesDelamination or Inflated Moisture in Core
Wooden Hulls• Provide a different set of challenges. Typically they are old and suffer from the various forms of degradation unique to wooden hulls; from worm damage and decay,
to degraded fasteners anddelignafication from bonding
Running Gear - Prop nuts tight, tipssound, blade dezincification, shaftzinc, strut and cutless bearing ABYC recommends, “The distance between the forward end of the propeller hub and the aft end of the last strut bearing shall be limited to one shaft diameter.”
Interior Joinerwork, Leaks in windows, Hatches and Port Lights• Gaskets supple, all dogs sound, with no gaps when tightened
CO and Smoke Detector• For gasoline propelled vessels and those with liquid propane gas stoves, a CO monitor is required by ABYC;• NFPA recommends, “All vessels 26 feet or more in length with accommodation spaces intended for sleeping shall be equipped with a single station smoke alarm that is listed to UL217 for recreational vehicles and is installed and maintained according to the device manufacturers instructions “. As this is a relatively inexpensive commodity capable of a huge safety return, it is the opinion of this office that a smoke detector is installed to accommodate these recommendations.
Engines• Securely Mounted, annual maintenance performed, inclusive of raw water impellers• Clean and Free from oil• Linkage Free• Hoses sound
Damaged hose caused by lack of maintenance toraw water pump impeller
Fuel system• Tank Composition and Condition - Is it properly supported• The interior of older steel tanks should be inspected• Fuel fill hoses are not cracked, are grounded and double clamped• Supply lines and vents are provided with adequate support• Fuel Filters, Manifold
Exhaust• Connections Tight, double clamped, hoses sound, no rust streaking at manifolds and risers• Lagging on un cooled components
Steering SystemFree movement of quadrant from stop to stopStuffing tube recently packedSupport SecureNotable leaks in hydraulic fittings
Ventilation Federal Regulations Stipulate *for gasoline powered vessels): A powered ventilation system is required for each compartment in a boatthat has a permanently installed gasoline engine with a cranking motor forremote starting. A powered ventilation system consists of one or more exhaust blowers.Each intake duct for an exhaust blower must be in the lower one-third of thecompartment and above the normal accumulation of bilge water.ABYC recommends,H-22.214.171.124 There shall be at least one powered blower for eachgasoline engine used for propulsion.” Because the safety benefits faroutweigh the cost, we recommend providing an additional blower as part ofthe engine ventilation system.
Stern GearStuffing Box Double Clamped,No cracks in boot, no excessive leaks,Packing in good condition or recently re-packedShaft run not too long without support
Electrical System• DC System – Batteries Secure, Wires supported, breakers and fuses where appropriate, appliances ignition protected where appropriate, Battery charger grounded, and suited to battery size and number
Buss Bars in place of excessive terminationsSwitches provided for battery banks with a CCA rating greater than 800 amperes (Group 24)
Electrical System• AC - Shore Power connections, Transfer switch Double Pole Breakers, within 10’ of connection Wires Neatly Run, Reverse Polarity, GFCI, Ignition Protected, where appropriate
• Galvanic Isolator or Isolation transformer• Excessive amperage on one circuit• GFCI outletsScorched Wire Termination
Through Hull Fittings• Freely operable, and free from extensive Verdigris• Above water discharge fittings sound
Habitability• Liquid propane gas stoves – hoses and copper lines sound, solenoid control valve• Heads – Required holding tank & tank composition and condition, hoses sound• Fresh water system – water heater secured, ignition protected (if in gasoline engine compartment), pressure relief valve
Navigational and Electronic Gear Adequate for the intended operational area Running LightsRecreational vessels are required to display navigation lights between sunsetand sunrise and other periods of reduced visibility (fog, rain, haze etc.). The U.S.Coast Guard Navigation Rules, International-Inland encompasses lightingrequirements for every description of water craft. The information providedhere is intended for power-driven sailing vessels less than 20 meters
Fire and Safety EquipmentAll recreational boats must carry one Type I, II, III or V PFD(wearable) for each person aboard. For Type V PFDs to becounted they must be used according to their labelrequirements. Any boat 16ft and longer (except canoes andkayaks) must also carry one Type IV (throwable) PFD Off-Shore Life JacketPFDs must be Coast Guard approved, in goodand serviceable condition, and of appropriatesize for the intended user. Wearable PFDs mustbe readily accessible, meaning you must beable to put them on in a reasonable amount of Near-shore Buoyancy Vesttime in an emergency (vessel sinking, onfire, etc.). They should not be stowed in plasticbags, in locked or closed compartments orhave other gear stowed on top of them.Throwable devices must be immediatelyavailable for use. Type III Flotation Aid
Visual Distress SignalsAll vessels used on coastal waters, the Great Lakes, territorial seas,and those waters connected directly to them, up to a point where a body ofwater is less than two miles wide, must be equipped with U.S.C.G. Approvedvisual distress signals. Vessels owned in the United States operating on the high seas must be equipped with U.S.C.G. Approved visual distress signals.The following vessels are not required to carry day signals but must carry nightsignals when operating from sunset to sunrise:* Recreational boats less than 16 feet in length.*Boats participating in organized events such as races, regattas, or marine parades.*Open sailboats less than 26 feet in length not equipped with propulsion machinery.*Manually propelled boats. Red Flare Parachute Flare(hand-held/day and night) (day and night) Orange Flag Arm Signals Orange Smoke Signal Floating Orange Smoke (day only) (day only) Signal (hand-held/day only) (day and night) Electric Distress Signals (night only) Red Meteor (day and night)
Fire Extinguishers Minimum number of hand portable fire extinguishers required:Vessel Length No Fixed System With approved Fixed SystemsLess than 26 1 B-1 026 to less than 40 2 B-1 or 1 B-II 1 B-I40 to 65 3 B-I or 1 B-II and 1 B-I 2 B-1 or 1 B-II For the CME, Halon units to be counted toward the minimum requirementsmust be inspected and tagged by a recognized authority within 6 months of theexamination. The pressure gauge is not an accurate indicator that Halonextinguishers are full. The units should be checked regularly. All portable extinguishers must be mounted in a readily accessibleposition. The Auxiliary requires at least 1 B-1 handheld fire extinguisher on allmotorboats and sailboats (without motors) 16 feet or longer.
Sailboat Rigging Age of shrouds Condition at mast base Condition of Swages and Compression PostPossible Crevice Corrosion in Chain Plates
ValuationMarket value is generally the price of the vessel would bringon the open market, that price agreed upon between a willingbuyer and a willing seller, with neither being required to actand both having reasonable knowledge of the relevant facts.Evaluate Market conditionsIdentify Comparable Listings - The concept of“comparable”, noted as vessels of similar vintage, and servingthe same function with similar capacity