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of 15 DS Marine Surveys File#

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DS Marine Surveys

991 Ridgemount Blvd. Oshawa Ont. L1K2K7

905-449-2176

Website: www.dsmarine.ca

Condition and Valuation Surveys – Repair Supervision – Consultations – Appraisals

C. David Sandford SAMS® / AMS® #1013

Condition and Valuation Survey Report #SR_______

THIS IS TO CERTIFY that the undersigned Marine Surveyor inspected the referenced gasoline fueled fiberglass vessel on _______ while this vessel was lying hauled out at _______. This survey was made at the request of _______ in order to ascertain this vessel's general condition and valuation on the date of the inspection noted below.

Attending Survey

C. David Sandford AMS®, Marine Surveyor


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Scope of Survey This Marine Survey is an objective report on the condition and value of the vessel listed above paying close attention to the structure, safety and installed systems. Appearance issues are addressed only when they affect the overall value of the vessel. This report is unbiased and subject to the condition and accessibility of the vessel at the time of the survey. Test methods used are of a non-destructive nature and vessel disassembly is not within the scope of these inspections. A complete evaluation of the vessel would require disassembly and will not be undertaken in the formulation of this report. Hulls, decks and superstructures are inspected visually for condition and appearance. Where possible moisture levels are measured by electronic detection methods with percussive sounding being used to verify laminate voids and possible structural weakening. It should be noted that electronic moisture readings are relative numbers, which may be affected by many factors other than moisture making evaluations subjective at best.

Electrical and electronic systems are tested by powering up when power is available and if not visual inspections only are performed. Engines, Drives, Mechanical and Plumbing systems are inspected visually for leaks, flaws or other defects and wear evaluations are based on visual inspections only and reported life of the components.

Interior joinery and fixtures are inspected visually for appearance, condition and for structural soundness.

All electronic moisture testing in this vessel was performed with an Electrophysics Digital Capacitance Moisture Meter calibrated to a dry test plate on the .5 scale. Relative moisture readings are interpreted as low (<15), slightly elevated (16 – 25), elevated (26 – 30), high (>31).

The surveyor will endeavor to apply Transport Canada TP1332 standards where applicable. If suitable standards do not exist then ABYC (American Boat and Yacht Council) standards will be used. Please note that at this time TP1332 standards are in the process of being harmonized with the current ABYC standards. Vessels manufactured prior to standard implementation are not required by law to comply but compliance is recommended where practical.

The surveyor has taken neither weight calculations nor made size measurements. All vessel data is taken from published information. The Surveyor reserves the right to use this report (with all vessel and client specific information deleted) as a sample of his work unless otherwise informed in writing. Acceptance of this report constitutes agreement to all statements and limitations contained herein. This Survey is an opinion of the surveyor on the condition of the vessel as presented and within the parameters outlined above The recommendations and comments made are based on the surveyors knowledge and experience. This report is in no way a guarantee of the vessel's condition or performance either now or in the future.

Survey Conditions Vessel was inspected while hauled-out. The hull exterior wetted surface and underwater machinery and hardware were inspected. Due to paneling, liner, tanks, and installed equipment, only about 20 percent of the hull interior surface could be observed. The specific materials and lay-up schedule for the fiberglass moldings could not be determined with the non-destructive techniques available for inspection. No informal underway trial was conducted. Machinery and equipment were not inspected while operating except where specifically noted below. Battery power was available. Locked compartments or otherwise inaccessible areas were not inspected. This vessel was surveyed without removals of any parts, including fittings, glued or tacked carpet or liner materials,


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screwed boards or panels, anchors and chain, fixed partitions, instruments, clothing, spare parts and miscellaneous materials in the bilges and lockers, or other fixed or semi-fixed items. No determination of stability characteristics or inherent structural integrity has been made and no opinion is expressed thereto. This survey report represents the condition of the vessel on the dates specified above, and is the unbiased opinion of the undersigned, but is not to be considered an inventory or a warranty, either specified or implied. No other surveys or reports were conducted or available at the time of this inspection This report was prepared for the purposes of pre purchase consideration and insurance underwriting.

Particulars

Client: Client Address: Client Phone: Client Email: Vessel Name: Don’t Ask Model Year: 1988 Hull No: SMS38019G888 Registration No: ON1010738 Documented Length: 39’ Breadth: 14’ 11” Draft: n/a Displacement: 22,500 lbs Builder: Symbol Regency Yachts Model/Type: 39 Hull Color: white

HIN and official numbers. Numbers verified on hull. All specifications above are from reference data and not measured during survey.

Description of Vessel

The Regency 39 is a powered, sedan style cruiser featuring FRP (fiberglass re-enforced plastic) construction of the hull, deck and cabin superstructure with a tri cabin, aft deck, flying bridge layout. Motive power is by a twin V8 gasoline fueled inboard engines.

The cabin layout (from forward) features a forward cabin, fully enclosed head, galley with dinette, main salon with full helm and seating. An aft cabin and second head area are located beneath the aft deck and this completes the interior layout. A flying bridge with full second helm is also featured. The vessel hull is finished in white gel coat with black accents. The deck and cabin superstructure are also finished in white gel coat with anti-skid finish in the appropriate areas.


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Hull Construction and Re-Enforcement

Construction and Re-enforcement: The hull is FRP constructed and appears to be a one-piece shell with a drop in FRP inner liner, which forms a lower structural grid. Tabbed in transverse plywood bulkheads and FRP encapsulated wooden longitudinal stringers complete the hull structure.

Note: Fiberglass re-enforced plastic (FRP) encapsulated wooden structural components utilized in powerboat hulls have, over time shown the potential to deteriorate due to water ingress caused by flaws in the FRP laminate layers, osmosis, leaking transom seals etc. Due to the nature of composite construction resulting in the fact that these components deteriorate from the inside out, early detection of any issues can be very difficult if not impossible. A complete examination of these components would require the taking of core samples and an examination of the removed specimens. This is not within the scope of this inspection.

Below Waterline, Finish and Condition: Multiple coats of an ablative bottom paint. Flaking is evident and this condition will likely continue unless all bottom paint is stripped and re-coated. Re-finish is at owner’s discression.

Moisture Levels: Registered erratic from low to elevated due to the type and amount of bottom paint. Accurate readings would require the removal of the below waterline coating and taking reading from the bare gel coat. This is not within the scope of this inspection.

Soundings: Taken at random with no apparent structural concerns seen at this time.

Topsides, Finish and Condition: Gel coat surface is in serviceable visual condition showing only minor scuffs and abrasions. Random electronic moisture readings were in the low range. Percussive soundings showed no apparent issues.

Hull to Deck Joint: Shoe box style joint is capped with a rub strip. No evidence of leaks or working of the joint were seen.

Transom: Same as topsides.

Bilge: Areas inspected where accessible are in sound order.

Swim Platform: An FRP swim platform is attached to the vessel’s transom with stainless steel brackets and through bolts.

Moisture Levels: Low to Elevated along the aft edge.

Soundings: Taken at random and showed dull at the aft edge. Suspected possible FRP delamination.

See Item 1


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Deck and Superstructure

Finish and Condition: Original gel coat surface is in serviceable visual condition with an antiskid surface in the horizontal areas. Moisture levels registered were in the low ranges with. Random percussive soundings of the deck and cabin superstructure were taken and checked sound at this time.

Note: Slightly elevated moisture readings were noted on the bow sprit however soundings indicate solid structure.

See Item 2

Windows and Deck Hatches: The vessel features sliding RV style windows on the cabin sides. All are in serviceable condition with no leaks seen at this time however poorly finished caulking was noted on the forward cabin side windows.

Cabin Top Skylights / Hatches: In apparently serviceable condition with no evidence of leaks seen. Fresh caulking was also noted here as well.

See Item 3

Cockpit / Aft Deck

Description and Condition: The aft deck is of FRP construction and molded integral with the deck and superstructure. It features seating with lockers below. Surface condition is the same as deck and superstructure.

Moisture Levels: Low



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Flying Bridge

Structure: FRP and molded integral with the deck and cabin superstructure.

Surface Condition: Original gel coat in serviceable visual condition.

Moisture Levels: Low


Windshield: Molded plastic. In serviceable condition.

Deck Equipment

Rails, Stanchions, Lifelines: Stainless steel bow pulpit and side rails. All are secure and in functional condition.

Anchor Well: 2 opening wells in the fore deck area with hinges and a latch that are in serviceable condition. Drains overboard.

Mooring Cleats: Forward, amidships and aft mooring cleats are secure to the deck and in good condition.

Grab Rails: In good condition and secure.

Bow Stem / Anchor Roller: Stainless steel bow fitting features an anchor roller which appears secure.

Security: The companionway hatch and engine ignition are equipped with locking mechanisms.

Canvas and Frames: Canvas bimini, flying bridge and aft deck enclosure are supported by stainless steel frames which are in good condition. Covers were not available for inspection.

Cockpit Arch: FRP constructed and secure. Gel coat surface in on good visual condition.

Steering System

Description: Dual station steering in flying bridge and salon with hydraulic mechanism to twin rudders. No leaks seen. Appears to be in functional condition, free moving and very average free play was felt in steering. Rudder shafts show average play.

Rudders: Twin bronze rudders are in serviceable condition showing. Shafts and bearings show average play.


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Sea Connections

Bronze through hull fittings are in serviceable visual condition and are fitted with sea cock style shut off valves. Neoprene and vinyl hoses are fitted and secured with stainless steel gear clamps.

Engines

Vessel power is by a twin Mercruiser 7.4 liter V8 gasoline fueled inboard engines.

Serial #: Port: B6071148, Starboard: B6070117

Flame Arrestors: In place as required.

Exhaust System: Water cooled, cast iron manifolds with integral risers are in apparently functionalcondition showing no external corrosion. Approved neoprene hoses are in serviceable condition and double clamped at all connections. Water lift mufflers are in serviceable condition as well. Back flow protection appears adequate. Exhaust exits at aft hull.

Engine Mounts: The engines and transmissions are mounted to the FRP hull encapsulated re-enforcing stringers with metal brackets and rubber isolators. All are in apparently serviceable condition.

Power Transmission Unit: Conventional transmissions with forward neutral and reverse gears are installed and appear to be in good visual condition. All external lines and hoses in serviceable condition with no external leaks seen.

Controls and Gauges: Engine control panel located at both helm areas features gauge and warning light instrumentation.

Note: Throttle cables possibly out of adjustment and gearshift cables stiff but functional. The port engine temperature gauge appears to be inoperative.

See Items 4 and 5

Cooling System: Raw water cooling with intake at hull fitted with pumps and discharge to wet exhaust.

Compartment Ventilation: Two electric blowers with plastic hoses vented at aft hull . Blowers are secure and hoses are is in good condition with warning placard in place at lower helm but none at flying bridge.

See Item 6

The engines started and ran well for a short duration. No abnormal noises were heard and no fluid leaks were noted. See note Above and Item 4 on throttle and gearshift cables.

General: Overall the engine installation was found to be in good order. All lines, cables and hoses are secure and no visible fluid leaks were seen.


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Running Gear

Propellers: Twin 3 blade bronze propelles in serviceable visual condition. They are secured to the prop shafts by a castellated nuts and cotter pins. Shafting: 1.75" dia. stainless steel prop shafts were found to be in good condition and true. Water lubricated shaft bearings in struts are in serviceable condition as are the struts which are secure to the hull. Shaft seal are connected to the stern tubes with reinforced neoprene hoses which are in good visual condition.

Trim Tabs: 2 hydraulically actuated stainless steel. Functional.

Galvanic Protection: None seen.

See Item 7

Fuel Tanks and Lines

Type and Number: 2 aluminum fuel tanks are fitted and are secure. In serviceable visual condition. Vents are fitted for overboard discharge with outlet screens in place.

Bonding: Wires in place.

Fuel Tank Shut Off Valve / Anti-siphon Devise: Shut off valves are installed in the engine fuel supply lines.

Type and Condition of Fuel Lines / Fill Hoses: “A” series neoprene fuel lines and tank fill hoses are in good visual condition and secure. Fill hoses are double clamped.

Electrical – Ships Power

Batteries: Three G 27 and two 8D 12VDC wet cell batteries are installed. The 8D batteries are non functional.

See Item 8

Installation: Secure and are installed in drip proof trays. Positive posts are not insulated. Cables are secured with wing nuts.

See Item 9


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Power Distribution: Single panel with individual branch circuits and over current protection by circuit breakers.

Master Switch: Rotary

Conductors: Stranded copper, inspected where accessible only and found to be in operational visual condition.

Battery Charging: Engine mounted alternator and a 110 VAC hard wired marine spec Pro Sport 20 battery charger. Charging voltage 14+ volts.

AC/DC Inverter: True Power 2500

General Condition of Wiring and Fixtures: Serviceable where viewed

Electrical - Shore Power

Type and Supply: Twin 115 VAC / 30 amp and supplied by a marine approved shore power cable and receptacle.

Power Distribution: Single panel with a main circuit breaker, and individual branch circuits with over current protection by circuit breakers. No polarity indicator seen.

See Item 10

Conductors: Stranded copper.

Ground Fault Protection: Recommend upgrade

See Item 11

AC / DC Grounding Bond: None seen.

See Item 12

On Board Grounded AC/ Neutral: No (as per ABYC E11)

General Condition of Wiring and Fixtures: Good where viewed

Navigation Aids

Compass: mechanical, functional.

Radar: Raymarine E80 and 120 multifunction units incorporating GPS and Sonar functions. Both powered up and functional.

Radio(s): 2 Fixed mount VHF radios were inspected, both, powered up


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Interior

Bulkheads and Joinery: Construction is teak and veneered teak plywood. Good condition however a small section of moisture damage was noted at the lower area of the dinette forward bulkhead.

See Item 13

Cabin Sole: Teak and holly plywood / serviceable condition. FRP hull inner liner / no issues seen.

Upholstery: Vinyl over foam. Serviceable condition.

Interior Lighting: 12VDC, powered up

Air Conditioning / Heating: Two 115 VAC Mermaid water cooled, powered up and functional.


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Galley

Potable Water: Stainless Steel tank. Piping is by PVC and vinyl hoses secured by stainless steel clamps. All were inspected where accessible and found to be in serviceable condition.

Pressure System: 12VDC pump. Faucets and sinks located in galley and both head areas. Pump powered up.

Hot Water: 115VAC hot water system is fitted with stainless steel tank. Pressure relief installed. Unit appears to be in sound order. Functional.

Stove: 4 burner LPG fueled with oven, functional.

Refrigeration: 12 VDC. 115 VAC refrigerator, functional

Additional Fuels:

Tankage: LPG storage tank in FRP compartment located in flying bridge. It is secure. Locker is vented. and the cover is fitted with a latching mechanism.

Lines:Type approved neoprene line with regulator located in locker appears to be in good condition but access for inspection was limited.

Pressure Gauge: None seen.

See Item 14

Shutoff Solenoid: 12VDC solenoid shut off at tank controlled by switch. Functional.

Sanitation


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2 fully enclosed head areas feature standing head room with marine toilets, sinks, showers and facets. Systems not tested, vessel winterized.

Toilets: Marine type toilets with sea water electric flushing mechanisms. Functional.

Tankage and Hoses: Plastic tanks. Piping is by vinyl hoses secured by stainless steel clamps. All were inspected where accessible and found to be in serviceable condition.

Safety Equipment

Personal safety equipment that is not permanently installed on the vessel was neither inspected nor inventoried by the surveyor. A check of the check of the Transport Canada “Small Craft Regulations” should be performed and all necessary equipment fitted to the vessel before launch. This information can be found In the Transport Canada Safe Boating Guide.

Navigation Lights: In place as required.

Dewatering System: Three 12VDC pumps with float switches installed in bilge, powered up

Fire Fighting System: A Sea Fire automatic discharge system is fitted to the engine compartment. Not tested.

Re-boarding Ladder: Stainless steel folding re-boarding ladder mounted to the vessel’s swim platform secure and functional.

Ground Tackle: Bruce anchor with chain and nylon rode of undetermined length. All appear to be in good condition and fully serviceable at this time.

Windlass: 12VDC, powered up.

Carbon Monoxide Detector: Yes

Propane Fume Detector: Yes

Gasoline Fume Detector: Yes

Additional Equipment

Cradle: Steel aft cradle and forward jack stands are utilized. All appear to be in functional condition.

Noted Items

Items listed below are the opinions of the surveyor based on common sense, the surveyor’s knowledge, experience and where noted applicable marine standards.

Standards Used: The surveyor will endeavor to apply Transport Canada TP1332 standards where applicable. T1332 standards reference American Boat and Yacht Council (ABYC) standards in the following areas:

• E–10 Storage Batteries

• E–11 AC and DC Electrical Systems on Boats

• H–2 Ventilation of Boats Using Gasoline

• H–24 Gasoline Fuel Systems

• H–26 Powering of Boats


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• H–28 Inflatable Boats

• H–33 Diesel Fuel Systems

• H–35 Powering and Load Capacity of Pontoon Boats

• H–41 Reboarding Means, Ladders, Handholds, Rails, and Lifelines

• T–5 Safety Signs and Labels

Vessels manufactured prior to standard implementation are not required by law to comply but compliance is recommended. All standards quoted are current editions with Transport Canada recommending that “existing pleasure craft comply with these standards insofar as it is reasonable and practicable to do so”.

Items Pertaining to Vessel Structure

None seen.

Items Pertaining to On-going Vessel Maintenance Repair and Upgrades

1-The areas of elevated moisture levels and dull soundings are an indication that some level of internal deterioration of the vessel’s FRP swim platform has occurred. While not a structural concern at this time the situation should eb considered progressive and at some point a repair may be necessary. Recommend to monitor and address as necessary.

2-Monitor cabin windows and deck hatches for leaks and repair as necessary.

3-Recommend to remove and re-bed all rail mounting bolts on the bowsprit and re-install.

4-Service and adjust throttle and gearshift cables.

5-Repair engine temperature gauge.

7-Recommend to install sacrificial anodes on the vessel’s prop shafts at next haul out.

8-Replace batteries as necessary.

13-Assess and repair cabin forward bulkhead as necessary.

Additional Comments

Items listed below are offered as information or suggestions to enhance the vessel’s safety and or performance. They are offered as information only and upgrade is at the owner’s discression.

6- Transport Canada TP1332 recommends that a blower instruction placard shall be provided at every engine ignition switch indicating the length of blower operating time that is required to clear the engine space prior to starting the engine.

9-ABYC E10 recommends that battery cables not be secured with wing nuts and that the positive posts be insulated..

10- ABYC 11 Recommends that reverse polarity indicating devices providing a continuous visible or audible signal shall be installed in 120 V AC shore power systems and must respond to the reversal of the ungrounded (black) and the grounded (white) conductors.

11- ABYC E11 recommends that an adequate ground fault protection be installed on the AC shore power electrical system. Recommend that an Equipment Leakage Circuit Interrupter (ELCI) or RCD (Residual Current Devise) be installed with or in addition to the main shore power disconnect circuit breaker(s) in the main AC supply circuit(s).

12- ABYC E11 recommends that vessels fitted with both AC and DC electrical power have their grounding circuits connected on board the vessel at the main grounding source. Connector to be minimum 9 gauge wire.


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14- ABYC A1 recommends that a LPG supply systems be fitted with a pressure gauge. The gauge shall read the cylinder pressure side of the pressure regulator. NOTE: The purpose of the gauge is to provide a quick and easy way to test the system for leakage.

Summary of Inspection

This report and its contents are made without prejudice and are the results of the examination of the vessel on the date stated above. DS Marine Surveys assumes no responsibility or liability for any action taken by the owner, purchaser or insurer as a result of this report.

This vessel was inspected in on the date indicated and found to be overall serviceable condition and suitable for its intended use of cruising on open waters and inland lakes in Ontario and Quebec.

I certify that to the best of my knowledge and belief: I have made a personal inspection of the on the date indicated and 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 above vessel and I have no personal interest or bias with respect to the parties involved. My compensation is not contingent upon the reporting of a pre – determined value or direction in value that favours the cause of the client, the amount of the value estimate, the attainment of a stipulate result or the occurrence of a subsequent event.

Estimated Current Market Value

Current Market Value is defined as: “The price at which a willing but not anxious vendor would sell, and at which a willing but not anxious purchaser would buy”. The surveyor has used current market listings of similar vessels, published pricing sources and current sold data to arrive at the estimated current market value of this vessel. The assigned value assumes that any items, components and systems not inspected or tested during the survey are in serviceable condition.

Current Market Listings: Yachtworld.com – No valid listings this model were found. Similar vessels: Sold data (previous 12 months)- Similar vessels sold Vessel Estimated Value: Cradle: Total Estimated Current Market Value:

Vessel estimated value does not include federal or provincial sales taxes. All data is listed in Canadian Funds.


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Date:

Prepared without Prejudice:

C. David Sandford SAMS® / AMS® #1013

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