"CONTENDER 23T HIN xxxxxxxxxx" - LEASURE MARINE SURVEY
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LEASURE MARINE SURVEY
RICHARD LEASURE, SA. leasuremarinesurvey.vpweb.com
CONTENDER 23 T
"CONTENDER 23T HIN xxxxxxxxxx"
RICHARD LEASURE SA, MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS
10370 Crepe Myrtle Road Grand Bay, AL 36541
(251) 865-2569
REPORT OF MARINE SURVEY
OF THE VESSEL
"CONTENDER 23T HIN xxxxxxxxxx"
CONTENDER 23 T
CONDUCTED BY
Richard E. Leasure AMS.
INDEPENDANT MARINE SURVEYOR
PREPARED FOR:
sample survey
July 13, 2010
RICHARD LEASURE SA, MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS
TABLE OF CONTENTS
SECTION PAGE NO.
I. INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
II. GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
III. SYSTEMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
HULL DECK AND SUPERSTRUCTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
PROPULSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
FUEL SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
ELECTRICAL SYSTEMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
STEERING SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
GROUND TACKLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
ELECTRONICS AND NAVIGATION EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
THRU-HULLS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
SAFETY EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
OUT OF WATER INSPECTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
IV. FINDINGS AND RECOMMENDATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
V. SUMMARY AND VALUATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
VI. PHOTOGRAPHS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey TOC
Grand Bay, AL 36541
I. INTRODUCTION
SCOPE OF SURVEY
Acting at the request of sample survey, the attending surveyor did attend onboard the CONTENDER 23 T,
"CONTENDER 23T HIN xxxxxxxxxx" beginning on , 7/13/2010 beginning at 1700 and ending at 1900
where an ''OUT of-the-water-survey'' WAS conducted at Owner Residence. The ship's papers were on
board and appeared to be in order. The Hull Identification Number XXXXXXXXXXXXX WAS verified
from the transom. A sea trial WAS NOT performed. An out-of the water inspection of underwater machinery
and the exterior of the hulls wetted surface area WAS performed. The reason for the survey, was to ascertain
the physical condition and value of the vessel. Moisture readings taken and referenced throughout the body of
the report, were taken with the GRP 33 Moisture meter. AC and DC power WAS used to check operation
of the electrical systems specified in this report only. No reference or information should be construed to
indicate evaluation of the internal condition of the engines or the propulsion system's operating capacity.
Electronic equipment was checked for ''power up'' only.
This vessel was surveyed without removals of any parts, including fittings, tacked carpet, screwed or nailed
boards, anchors and chain, fixed partitions, instruments, clothing, spare parts and miscellaneous materials in the
bilges and lockers, or other fixed or semi-fixed items. Locked compartments or otherwise inaccessible areas
would also preclude inspection. Owner is advised to open up all such areas for further inspection. Further, no
determination of stability characteristics or inherent structural integrity has been made and no opinion is
expressed with respect thereto. This survey report represents the condition of the vessel on the above dates,
and is the unbiased opinion of the undersigned, but it is not to be considered an inventory or a warranty either
specified or implied.
NOTE: It is recommend and understood that all engines be surveyed by a qualified Engine Surveyor to
determine the condition of the engines, gears and pumps, heat exchangers, coolers, etc.
CONDUCT OF 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 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
CONDUCT OF THIS SURVEY.
The use of the word ''appears'' is intended to indicate that a close or complete inspection was not possible or it
was not deemed appropriate at the time of this survey. The deficiencies reported herein reflect the conditions
observed at the time the survey was conducted.
Use of asterisks * in the body of the report will indicate that a finding will be listed in the Findings and
Recommendations section pertaining to the asterisked item, following the body of the report.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 1 of 17
Grand Bay, AL 36541
I. INTRODUCTION
VESSEL DESCRIPTION
The Contender 23T is an open Deep V express tournament fishing craft of high quality. She has a center
console open arrangement with all the requirements for the discerning angler. She is built in high tech closed cell
foam/ FRP lay up to keep weight light. Her deck layout is uncluttered with wide decks, built in fish and bait
tanks, and a recessed bow rail.
There is some damage to the area around the trim tabs and she shows some gelcoat hairline stress cracks in
areas, but this Contender 23 T is a well kept vessel.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 2 of 17
Grand Bay, AL 36541
II. GENERAL INFORMATION
GENERAL INFORMATION
FILE NUMBER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100713
SURVEY PREPARED FOR: . . . . . . . . . . . . . . . . . . . sample survey
NAME OF VESSEL: . . . . . . . . . . . . . . . . . . . . . . . . . "CONTENDER 23T HIN xxxxxxxxxx"
TYPE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . . Pre-Sale for Owner
OVERALL VESSEL RATING:. . . . . . . . . . . . . . . . . **** FAIR
...............
ESTIMATED MARKET VALUE: $49,500.00
..........
ESTIMATED REPLACEMENT COST: $115,00.00
YEAR/MAKE/MODEL OF VESSEL: . . . . . . . . . . . . 2005 Contender Tournament 23
BUILDER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contender Boats, Homestead, FL.
YEAR BUILT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005
HULL IDENTIFICATION NUMBER (HIN): . . . . . . JDJ3T105K405
STATE REGISTRATION NUMBER: . . . . . . . . . . . . AL 1682 LC
OWNER'S NAME: . . . . . . . . . . . . . . . . . . . . . . . . . . sample survey
OWNER'S ADDRESS: . . . . . . . . . . . . . . . . . . . . . . . sample survey
PLACE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . Owner Residence
DATE/TIME OF SURVEY: . . . . . . . . . . . . . . . . . . . . July 13, 2010, 1500 to 1700
HULL MATERIAL: . . . . . . . . . . . . . . . . . . . . . . . . . . Fiberglass (FRP) with foam core
HULL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deep V
LENGTH OVER ALL (L.O.A).: . . . . . . . . . . . . . . . . 23 Ft (BucValue Pro)
BEAM: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8'3" (BucValue Pro)
DRAFT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1'6" (BucValue Pro)
PROPULSION SYSTEM: . . . . . . . . . . . . . . . . . . . . . Twin 200hp Yamaha Outboards
FUEL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gasoline.
FUEL CAPACITY: . . . . . . . . . . . . . . . . . . . . . . . . . . Not Known
INTENDED USE/BUYER: . . . . . . . . . . . . . . . . . . . . Recreational
INTENDED CRUISING AREA: . . . . . . . . . . . . . . . . Texas Coastal and near offshore.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 3 of 17
Grand Bay, AL 36541
II. GENERAL INFORMATION
DEFINITION OF TERMS:
The terms and words used in this report 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 not possible 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 USE:
Use which is intended by Survey Purchaser(present or prospective owner).
SERVICEABLE: ADEQUATE:
Sufficient for a specific requirement.
POWERS UP:
Power was applied only. This does not refer to the operation of any system or component unless specifically
indicated.
EXCELLENT CONDITION:
New or like new.
GOOD CONDITION:
Nearly new, with only minor cosmetic or structural discrepancies noted.
FAIR CONDITION:
Denotes that system, component or item is functional as is with minor repairs. (MONITOR OFTEN)
POOR CONDITION:
Unusable as is. Requires repairs or replacement of system, component or item to be considered functional.
USE OF *:
Use of * in the body of this report will indicate that a finding will be listed in the ''Findings and
Recommendations'' section pertaining to the * item.
Asterisks * in this General Information section refers to the source of such information as follows:
* Per Manufacturer's Specifications
**Refer to Summary and Valuation Section
*** Per USCG Documentation
**** Per Buc Book
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 4 of 17
Grand Bay, AL 36541
III. SYSTEMS
HULL DECK AND SUPERSTRUCTURE
HULL CONSTRUCTION
MATERIAL:
FRP (fiber reinforced plastic) exterior laminates with an foam core material.
EXTERIOR HULL:
White gel coat over FRP. Condition good.
BULKHEADS:
Appears serviceable where sighted from the forward and aft cockpit access ports.
STRINGERS:
Hull stiffness provided by FRP over assumed foam full length stringers. Stringers were serviceable
where seen through the forward and aft centerline access hatches.
STEM:
The chain locker was empty allowing inspection of the stem area internally. The stem both inside
and out shows no sign of damage. The stem head fitting fasteners, as seen from below, in the chain
locker appear adequate in size and number and show no signs of corrosion or water ingress.
TRANSOM:
*B1
FRP Transom with gate. Some damage in transom area around recess for trim tabs. Damage
consist of gelcoat chips and missing covers and screws. Transom was tapped sound and showed no
elevated moisture readings. Serviceable.
DECK CONSTRUCTION
MATERIAL:
Cored FRP (fiber reinforced plastic) with white gelcoat, molded non-skid surface.
COCKPIT:
*B2
Center console cockpit with fish boxes. Cockpit sole shows some stress cracks around access
hatches.
NOTE:
*B3
T-top upright bases show elevated moisture reading where attached to cockpit sole.
DECK FITTINGS
TOE RAILS:
Vinyl rub rail over deck joint. Serviceable
CHOCKS AND CLEATS:
Chocks and cleats appeared to be stainless steel all sighted were thru-bolted and serviceable.
ADDITIONAL EQUIPMENT AND ACCESSORIES
GENERAL EQUIPMENT:
Vessel is devoid of extra equipment.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 5 of 17
Grand Bay, AL 36541III. SYSTEMS
HULL DECK AND SUPERSTRUCTURE
ADDITIONAL EQUIPMENT AND ACCESSORIES(Continued)
BOAT TRAILER:
"There is a trailer supporting this vessel. The trailer is made of Aluminum by Load Master and
has dual torsion bar axle with ST225/75R15 tires and dual brakes. The trailer VIN as
stamped at tongue is 4YPAB25235T0385600. NO SURVEY OR INSPECTION OF SAID
TRAILER has been conducted by this surveyor beyond an appraisal of approximate value, based on
the overall appearance of the trailer. All trailers should be inspected by a qualified trailer
maintenance person and the electrical system and brakes tested with the owner's towing vehicle
prior to use."
FISHING EQUIPMENT
LIVE BAIT WELLS:
Aft in transom area. Has live well pump and circulation system Appears serviceable.
OUTRIGGERS:
None
PROPULSION
MAIN ENGINES
MAKE:
Two 2 Stroke 200 HP Yamaha Outboards.
MODEL AND SERIAL NUMBERS:
Port: L200TXRD SER# 1002866. Starboard: Z200TXRD, SER# 1017798
HORSE POWER:
200 HP
INDICATED HOURS:
Port hours 1017. Starboard hours 1008.
THROTTLE CONTROLS:
Dual controls, serviceable
NOTE:
The surveyor did not operated the engines . All findings in this section were by observation.
FUEL SYSTEM
MAIN ENGINE(S) FUEL SYSTEM
FUEL TYPE:
Gasoline.
TANK MATERIAL:
Reportedly Aluminum.
NUMBER OF TANKS:
One
FILL PIPE GROUNDED:
Appears to be properly grounded.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 6 of 17
Grand Bay, AL 36541III. SYSTEMS
FUEL SYSTEM
MAIN ENGINE(S) FUEL SYSTEM(Continued)
FILL PIPE MATERIAL:
Type A1 USCG approved hose. Appears serviceable.
HOSE CONNECTIONS, CLAMPS:
*A1
Port fuel filter has loose hose clamp at inlet. All else Appears serviceable and approved where
sighted aft by filters and through tank inspection port.. Very limited access to fuel tank
FUEL LINES AND FITTINGS:
Grade USCG type A1 ,clamped with marine grade SS clamps; serviceable.
FUEL MANIFOLD VALVES:
Ball type valves at fuel filters. Valves operate and appear adequate.
FUEL FILTERS:
Screw on type located aft under cockpit sole access hatch. Showed corrosion but appeared
serviceable.
ELECTRICAL SYSTEMS
ELECTRICAL SYSTEM (D.C. SYSTEM)
VOLTAGE:
Lead acid battery powered 12 volt system.
BATTERIES:
Two banks of one group 24 battery each.
MAIN BATTERY SWITCHES:
Two switches located by batteries, Serviceable
PANEL:
DC connections are in center console and consist of fuses, circuit breakers and terminal strips with
ring type connections. All appeared serviceable.
STEERING SYSTEM
STEERING SYSTEM
TYPE/MANUFACTURE:
Hydraulic, by Hynautic. Hoses and connections where sighted in center console and at transom
appeared serviceable with no leaks. System operated smoothly from stop to stop.
NUMBER OF STATIONS:
One
MODEL #:
SEA STAR HH 5271 Helm pump, and HH 5358 Cylinder actuator.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 7 of 17
Grand Bay, AL 36541III. SYSTEMS
GROUND TACKLE
GROUND TACKLE
ANCHORS:
*A2
One Guardian 11 aluminum anchor with no rode and chain.
ELECTRONICS AND NAVIGATION EQUIPMENT
ELECTRONICS AND NAVIGATION EQUIPMENT
VHF:
ICOM M502 DSC ,powered up.
RADAR:
Raymarine C-70 system with radome on T-top
GPS:
Raymarine System
CHART PLOTTER:
Ray Marine System
FISH FINDER:
Raymarine HD System with C 70 Display
COMPASSES:
KVH Fluxgate input to Raymarine System. Sunto magnetic compass at helm. Serviceable.
ELECTRONICS (ENTERTAINMENT)
STEREO SYSTEM:
Sony CDX F50005X, did not power up.
SPEAKERS:
Four located around cockpit.
THRU-HULLS
THRU-HULLS:
MATERIAL:
All thru hulls below water line are bronze ball valves. There are four aft for bait tank and cockpit
drains. Serviceable.
SAFETY EQUIPMENT
SAFETY EQUIPMENT (UNITED STATES COAST GUARD)
NUMBER AND TYPE OF PFD'S:
None onboard
NUMBER OF THROWABLE PFD'S:
None onboard
FIRE EXTINGUISHERS:
One BI located at in center console Not mounted in manufacturer's bracket.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 8 of 17
Grand Bay, AL 36541III. SYSTEMS
SAFETY EQUIPMENT
SAFETY EQUIPMENT (UNITED STATES COAST GUARD)(Continued)
VISUAL DISTRESS SIGNALS:
None Found.
SOUND DEVICES:
None Sighted.
NAVIGATION LIGHTS:
*A3
All navigation lights are not serviceable.
NOTE:
*A4
No USCG required safety equipment on board.
AUXILIARY SAFETY EQUIPMENT
LIFE RAFT:
None.
E.P.I.R.B.:
None Sighted. But highly recommended.
BILGE PUMPS
LIST:
Two Rule 2000 bilge pumps located in deep bilge AFT. Both are serviceable.
COMMENTS:
I recommend that all bilge pumps have a SS intake screen installed to prevent pump binding and
burnout if foreign material is ingested. Also use bilge pump hose which is smooth internally (not
cheap flexible hose with convoluted rings) and proper size marine grade 100% tinned wiring with a
minimum number of water proof butt splices. This allows pumps to operate at rated capacity in
event that a serious leak occurs.
NOTE:
Note:
Both bilge pumps have remote auto float switches. Manual operating switches in the main DC panel
are well marked and are operable.
OUT OF WATER INSPECTION
BELOW WATERLINE MACHINERY
PROPELLER(S):
SS 21-ml port, and 21-m starboard. Serviceable.
TRIM TABS:
Bennett trim hydraulic tabs operated normally.
CONDITION OF HULL (WETTED SURFACE)
BLISTERS:
None Sighted.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 9 of 17
Grand Bay, AL 36541III. SYSTEMS
OUT OF WATER INSPECTION
CONDITION OF HULL (WETTED SURFACE)(Continued)
CONDITION OF BOTTOM PAINT:
No bottom paint. Boat kept on trailer or lift.
NOTE:
Bottom is in good condition with a few minor scratches.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 10 of 17
Grand Bay, AL 36541IV. FINDINGS AND RECOMMENDATIONS
Deficiencies noted under ''SAFETY'' should be addressed before vessel is next underway. These findings
represent an endangerment to personnel and/or the vessel's safe and proper operating condition. Findings
may also be in violation of U.S.C.G. regulations.
Deficiencies noted under ''OTHER DEFICIENCIES'' should be corrected in the near future so as to
maintain standards and to help the vessel to retain it's value.
Deficiencies will be listed under the appropriate heading:
A. SAFETY DEFICIENCIES
B. OTHER DEFICIENCIES NEEDING ATTENTION
C. SURVEYORS NOTES AND OBSERVATIONS
A. SAFETY DEFICIENCIES:
A.1 (PAGE 7) HOSE CONNECTIONS, CLAMPS:
Port fuel filter has loose hose clamp at inlet. All else Appears serviceable and approved where sighted aft by
filters and through tank inspection port.. Very limited access to fuel tank
FINDINGS RECOMMENDATIONS
Port fuel filter has loose hose clamp at inlet. Tighten hose clamp.
A.2 (PAGE 8) ANCHORS:
One Guardian 11 aluminum anchor with no rode and chain.
FINDINGS RECOMMENDATIONS
No ground tackle on board. Ground tackle can be important safety equipment,
properly sized, rigged, stowed and ready for use.
Chapman piloting seamanship and small boat
handling is an excellent reference.
A.3 (PAGE 9) NAVIGATION LIGHTS:
All navigation lights are not serviceable.
FINDINGS RECOMMENDATIONS
All navigation lights are not serviceable. Comply with USCG Enforcable 72 COLREGS on
Navigation at Sea and repair all navigation lights.
A.4 (PAGE 9) NOTE:
No USCG required safety equipment on board.
FINDINGS RECOMMENDATIONS
No USCG required safety equipment on board. Comply with USCG Safety Regulations.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 11 of 17
Grand Bay, AL 36541IV. FINDINGS AND RECOMMENDATIONS
B. OTHER DEFICIENCIES NEEDING ATTENTION:
B.1 (PAGE 5) TRANSOM:
FRP Transom with gate. Some damage in transom area around recess for trim tabs. Damage consist of
gelcoat chips and missing covers and screws. Transom was tapped sound and showed no elevated moisture
readings. Serviceable.
FINDINGS RECOMMENDATIONS
Some damage in transom area around recess for Further investigate and repair with like kind
trim tabs. Damage consist of gelcoat chips and materials in keeping with accepted marine repair
missing covers and screws. Transom was tapped practices.
sound and showed no elevated moisture
readings.
B.2 (PAGE 5) COCKPIT:
Center console cockpit with fish boxes. Cockpit sole shows some stress cracks around access hatches.
FINDINGS RECOMMENDATIONS
Cockpit sole shows some stress cracks around Further investigate and repair with like kind
access hatches. materials in keeping with accepted marine repair
practices.
B.3 (PAGE 5) NOTE:
T-top upright bases show elevated moisture reading where attached to cockpit sole.
FINDINGS RECOMMENDATIONS
T-top upright bases show elevated moisture Recommend removing re-bedding and reattaching.
reading where attached to cockpit sole. I recommend using the WEST SYSTEM EPOXY
for attachment.
NOTE: If cruising more than 25 nautical miles offshore it is also recommended that a USCG
approved self-inflating life raft be fitted to the vessel. And a first aid kit and small manual
watermaker be added to the ships safety gear.
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 12 of 17
Grand Bay, AL 36541V. SUMMARY AND VALUATION
STATEMENT OF OVERALL VESSEL RATING OF CONDITION:
It is the surveyor's experience that develops an opinion of the OVERALL VESSEL RATING OF
CONDITION After a the survey has been completed and the findings have been organized in a logical manner.
The grading of condition, developed by BUC RESEARCH, and accepted in the marine industry, for a vessel at
the time of survey, determines the adjustment to the range of base values in the BUC USED BOAT PRICE
GUIDE, for a similar vessel sold within a given time period, as a consideration to determine the Market Value.
The following is the accepted marine grading system of condition:
''EXCELLENT (BRISTOL) CONDITION'', is a vessel that is maintained in mint or bristol fashion
- usually better than factory new - loaded with extras - a rarity.
''ABOVE AVERAGE CONDITION'', has had above average care and is equipped with extra electrical and
electronic gear.
''AVERAGE CONDITION'', ready for sale requiring no additional work and normally equipped for her size.
''FAIR CONDITION'', requires usual maintenance to prepare for sale.
''POOR CONDITION'', substantial yard work required and devoid of extras.
''RESTORABLE CONDITION'', enough of hull and engine exists to restore the boat to usable condition.
As a result of my investigation, as shown in the SYSTEMS AND FINDINGS AND
RECOMMENDATIONS section of this REPORT OF SURVEY, and by virtue of my experience, my opinion
is
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 13 of 17
Grand Bay, AL 36541V. SUMMARY AND VALUATION
STATEMENT OF VALUATION:
1. The ''FAIR MARKET VALUE'' is the most probable price in terms of money which a vessel should bring in
a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting
prudently, knowledgeably and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to
buyer under conditions whereby:
a. Buyer and seller are typically motivated.
b. Both parties are well informed or well advised, and each acting in what they consider their own best interest.
c. A reasonable time is allowed for exposure in the open market.
d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
e. The price represents a normal consideration for the vessel sold unaffected by special or creative financing or
sales concessions granted by anyone associated with the sale.
Several sources were used in the determination of "FAIR MARKET VALUE" for the surveyed vessel. They
included recent NADA and PowerBoat Guide editions, BUCValuPro.com, boattraderonline.com, and
yachtworld.com. As stated in the "SUMMARY AND VALUATION" statement , all data collection was
based on a vessel rating of "FAIR CONDITION". BUC provided a range between $44,645 to $47,645
adjusted for the southeast region. The average asking price on 7 vessels with similar details and descriptions as
advertised on boattrader.com and yachtworld.com was $56,500.
Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition
of the vessel, it is your surveyor's opinion that the ''FAIR MARKET VALUE'' of the subject vessel is:
$49,500.00
Forty Nine Thousand Five Hundred Dollars and Zero cents
2. The ''ESTIMATED REPLACEMENT COST'' indicates the retail cost of a new vessel of the same
make/model with similar equipment offered by the same manufacturer. ''ESTIMATED REPLACEMENT
COST'' of the subject vessel is:
$115,00.00
Eleven Thousand Five Hundred Dollars and Zero cents
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 14 of 17
Grand Bay, AL 36541V. SUMMARY AND VALUATION
SUMMARY:
In accordance with the request for a marine survey of the "CONTENDER 23T HIN xxxxxxxxxx", for the
purpose of evaluating its present condition and estimating its Fair Market Value and Replacement Cost, I herewith
submit my conclusion based on the preceding report. The subject vessel was personally inspected by the
undersigned on 07/13/2010 and was found to be a well constructed, appointed and comfortable vessel. The
vessel is very capably captained and well-kept. Subject to correction of deficiencies listed in section IV A.
(Safety), the vessel is considered to be suitable for its intended use. Other deficiencies list should be attended to
in a timely fashion.
SURVEYOR'S CERTIFICATION:
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 analyses, opinions, and conclusions are limited only by the reported assumptions and limiting
conditions, and are my personal, unbiased professional analyses, opinions, and conclusions.
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 or direction in value or direction in
value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulate 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 is submitted without prejudice and for the benefit of whom it may concern.
ATTENDING SURVEYOR:
Richard E Leasure
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 15 of 17
Grand Bay, AL 36541VI. PHOTOGRAPHS
BOW2.JPG CONSOLE2.JPG
BOW.JPG STERN.JPG
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 16 of 17
Grand Bay, AL 36541VI. PHOTOGRAPHS
ELECTRONICS.JPG STBD SIDE.jpg
TRANSOM.JPG
"CONTENDER 23T HIN xxxxxxxxxx" surveyed by Leasure Marine Survey Page 17 of 17
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