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Report No.:       BV110756

 

SMALL CRAFT – CONDITION AND VALUATION SURVEY

 1. General:

Survey requested by: David Tingle

Address: 4609 Bainridge Crt., Wilmington, NC 28412

Home Phone No.:

Business Phone No.: 910-274-6716

Fax No.:

E-Mail Address: smallpt@bellsouth.net

Afloat or other: afloat

General area in which vessel will be used: Great Lakes and Bahamas

 

 2. Particulars of Vessel:

Type of Vessel: motor yacht

Name of Vessel: Milestone V

Manufacturer: Kong and Halvorsen, Kowloon, Hong Kong.

Model: Cockpit motor yacht

Model Year: 1987

Hull No.: KHE70006J888

Registration or License Number: 827813

Port of Registry: Toronto

Registered Tonnage: 92.60

Length: 20.77 meters

Beam: 6.02 meters

Draft: 3.68 meters

 

 3. Description of Vessel:

Custom built motor yacht by Kong and Halvorsen, Kowloon, Hong Kong.  Hard chine, vee bottom hull configuration powered by twin inboard engines and bow thruster.   Flush deck with moulded fiberglass superstructure with flying bridge over and aft cockpit.

  

Hull: Material and type of construction

Moulded fiberglass layup employing mat and roving with encapsulated stringers and sub assemblies.  Moulded fiberglass decks and superstructure.  Teak overlay and caulked seams on deck.   Plywood and solid timber bulkheads and interior fittings.   Teak trimmed exterior.

  

Any change from original design? none known

  

4. Deck Equipment:

Bow platform, anchors in hawse tubes with chain to dual Maxwell windlasses.   Stainless steel deck cleats, stainless steel bowrail.  Teak capped stanchions on raised bulkwarks.  Fender holders.   Aft cockpit with transom platform and dinghy.   Dinghy crane on sundeck.  Bimini enclosure on bridge.

 

 5. Navigation Equipment:

Danforth compass (2)

KVH digital compass

Datamarine depth sounder

Datamarine Dart

Datamarine speed

HP ship computer

Autohelm navdata

Simrad Tanyo TD-L1550

Furuno GPS Navigator

Raymarine ST60 wind

West marine VHF

Icom IC-M100 VHF

McMando EPIRB with GPS

Icom IC-700 HF transceiver

Icom IC-725 HF transceiver

Northstar 941X Navigator

Simrad autopilot

Ray Jefferson 350 hailer

 

6. Engine Compartment:

Number of engines: 2

Gasoline or diesel: Diesel

Manufacturer: Detroit Diesel Division of General Motors

Type: 1292 TA

Horse power: 2870 KW

Serial number: not sighted

Type of carburetor fitted to engine: fuel injected turbo charged and after cooled

Flame arrestor fitted? yes

Drip pan fitted? yes

Type of cooling system: closed cooled

Type of engine controls: Levers and cables at lower bridge, flying bridge and aft cockpit

Gauges fitted:

tachometer

temperature

oil

volts

rudder angle

 

Description and condition of exhaust system:

Cast iron manifolds with after coolers and jacketed/insulated pipes exiting into fabricated mufflers.    All appear to be in good order although we are unable to view the inner pipes due to the insulation encapsulation.

 

Condition of engine compartment: good

Is engine compartment ventilation satisfactory: yes

Number of outlets: 2

Number of intakes: 2

Hoses fitted: not applicable

Blowers: yes

Gas detector: not sighted

 

Number, type and location of bilge pumps:

2000 gph electric with float switch between engines

2000 gph electric with float switch and alarm forward

2000 gph electric in lazarette aft

two 2000 gph electric aft of engines

sump pump in engine compartment with float switch

  

Is auxiliary generator fitted? yes - two

Name and type: Westerbeke

Gas or diesel? Diesel

Serial number: not visible

Exhaust for generator: iron manifold with reinforced rubber exhaust hose to water box muffler.

  

7. Underwater Running Gear:

Type of propulsion: twin inboard engines with bow thruster

Propellers: not sighted - vessel afloat

Rudders: not sighted

Stuffing box: standard shaft - rudder

Skeg: not sighted

 

8. Type of Steering:

hydraulic - three stations

  

9. Sea Connections:

 Location and description of through hulls:

Through hull penetrations in engine room are valved and exit through sea chest.  No undue corrosion visible and through hulls appear to be in satisfactory condition.  

 

Roll stabilizers, connections and hardware viewed from within the engine compartment appear to be in good order.

 

10. Fuel Tanks and System:

Number of tanks: 5

Location: under aft cabin sole and under mid cabin sole and under cockpit sole

Material: one metal tank aft, 4 fiberglass tanks under cabin soles

Filled from: deck fillers

Vented to atmosphere: yes

Are tank vents screened? yes

Will overflow from fill run overboard? yes

Capacity of tanks: approximately 1700 gallons total

Shut off valves at tank: yes - tanks are routed through fuel manifold

Type and condition of fuel line: copper pipes and neoprene

Fuel line grounded to engine? yes

Are fuel tank metal securing straps insulated? not applicable

Is installation satisfactory? yes

 

11. Wiring and Electrical:

 Voltage: 12 and 32

Type of wiring: PVC cpopper

Are circuits fused or circuit breakers fitted? circuit breakers

Is vapor proof switch present? yes

Condition of wiring in engine compartment: satisfactory - wire runs are well secured and show no evidence of overheating damage within those areas we were able to access.

DC wiring fuse panel – location and condition: circuit breaker panels at lower helm station, in satisfactory condition.

AC wiring, 110 volt – location and description and description of outlets and wiring: circuit breaker panel at lower helm station, copper wire, duplex outlets.

Batteries – location and type: standard marine type at generators forward and aft, bank under flying bridge, bank in aft cockpit.

Is battery adequately secured? yes

Are ventilated boxes with covers provided? yes

Condition of cables and connections: satisfactory

Additional electrical equipment:

Sentry 32 volt 30 amp battery charger

Sentry 12 volt 40 amp battery charger

  

12. Stoves, Heating System, Refrigeration, Air Conditioners etc.:

Cruiseair central air conditioning

Moder Maid electric stove and oven

Maytag dishwasher

GE compactor

GE refrigerator/freezer

Hot water tank

 

13. Fresh water System:

Number of tanks: 2

Material: stainless steel

Location: under master stateroom

Pumped from: deck filler

Vented overboard: yes

 

14. Waste System:

 Number of tanks: one

Material: fibreglass

Location: under passageway

Pumped from: deck plate discharge

Vented overboard: yes

 

15. Optional Equipment:

Vacuum flush toilet system

 

16. Fire Extinguishers:

Type and location:

Three 26 lb 1301 Halon fire extinguishers in engine compartment with auto and electric operated valved and high water alarm.

Two 2.5 lb dry chemical fire extinguishers in engine compartment

One 2.5 lb dry chemical fire extinguisher outside engine room.

One 2.5 lb dry chemical fire extinguisher at crew's quarters forward.

One 2.5 lb dry chemical fire extinguisher at lower bridge.

 Any inflammables on board? none sighted

 Remarks: Fire fighting equipment appears satisfactory and in compliance with Coast Guard recommendations.

  

17. Valuation:

Estimated fair market value: $850,000.00 to $900,000.00

 

18.  Summary of Inspection

         General Comments and or Recommendations

 

1]         We recommend having a diver check the through hull fittings forward at the bow.   A through hull is no longer used and has short hose sections connected but not complete.   The holes have probably been plugged from the exterior but it would be prudent to have a diver confirm this.    If the holes have not been plugged we recommend removal of the through hull at the next scheduled haulout.

 

2]         The “U” shaped platforms the rudder actuating arms rest on are badly rusted.   They are still in satisfactory condition but we recommend scraping back the rust and scale and painting to minimize any further wasting.

 

This is a robustly constructed vessel which is, as far as we can determine, a solid fiberglass layup and not dependant on balsa core reinforcing.   Some balsa has been used in areas where hull penetrations are necessary but these areas appear to be in good condition.

 

The hull is extensively reinforced by a series of top-hat stringers incorporated into the hull layup.  These key into the fore and aft stringers which appear to be well secured and show no evidence of movement or releasing.  There is a collision bulkhead forward which includes the area where the bow thruster is installed.    The area is sealed with a bolt-down fiberglass cover and has a high capacity bilge pump with float switch and audible alarm.    There are a number of bulkheads throughout the vessel with passageways through them.    The engine room doors are gasketed and appear satisfactory for minor flooding.    The bilges are serviced by a series of high capacity bilge pumps equipped with float switches and alarms.

 

The engine compartment has good access and is well ventilated and clean.   Engine bearers and mounts appear to be in solid condition.   The exhaust systems for both engines and generators appear to be in good condition and well secured, showing no evidence of external damage.   Fuel tanks are located in various areas out of the engine room and all lead to a fuel distribution manifold in the engine room.    Through hulls within the engine compartment exit through a sea chest except for the mains which exit directly through the hull.   The through hulls we were able to observe appear to be in good condition and well secured.

 

Exterior hull surfaces from the waterline to the sheerline appear to be in good condition with no serious deterioration or damage sighted.   The decks and superstructure appear to be in good order.   The decks have been overlaid with teak planking with caulked seams.   The overlay does not appear to have released from the fiberglass substrate and is in good condition.   Deck hardware is well secured and in good condition.

 

The superstructure and interior fittings and windows are in good condition with no separation or leaks evident.

 

Fire fighting equipment appears to be satisfactory.

 

The fuel tanks appear to be in good condition.   Four are moulded fiberglass with the 5^th tank being metal and installed under the cockpit aft.   All appear satisfactory.

 

The vessel has a good inventory of navigation equipment which appears to be in good order.   The quality of construction throughout the vessel is quite good and the vessel appears to have been well maintained.

 

There is no evidence of serious structural deterioration or damage in those areas the surveyor could access.    The vessel remains in solid condition and if the high degree of maintenance is continued, she should provide many more years of good useful service.

 

The survey consists only of a visual examination of the external surfaces of the hull structures and neither includes, nor implies, any certification that the materials and construction methods utilized meet any known standards.  The survey is intended only to locate any such defects as may be apparent at time of attendance by visual inspection only.  The Surveyor cannot predict how the vessel will perform over time and it is the builder’s responsibility to warrant the fitness of the product for its intended service and the Surveyor does not assume any portion of that warranty. The report is issued strictly without prejudice subject to the condition of the vessel being ascertained from a general examination on shore, without making removals, opening parts normally concealed, testing for tightness or trying out machinery. The foregoing statements are personal opinions and observations of the undersigned Surveyor and are for the consideration of the party or person retaining the Surveyor, with no guarantees implied or given by the Surveyor, or his Employer, to any person or persons who might use, or purport to use, the content of this document or the opinions expressed herein.  No right of action against the Surveyor, or his Employer, for negligence, breach of contract, or otherwise, accrues to anyone other than the person or party retaining the Surveyor and is both restricted and limited to the cost of the survey herein provided.

 

W.A.PROVIS, CMS

Surveyor

N.A.M.S. #201-700