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Valuation Report“Vessel Name”Moody Sailing Yacht 42This is to Certify that the undersigned carried out a valuation on the above vessel at the followinglocation, Vigo, Spain, for the purpose of conducting a valuation inspection to determine the fairmarket value of the vessel for finance/insurance purposes. This valuation is carried out on theunderstanding that I am legally liable to the above Client only and not to any subsequent holder ofthe said report. Such liability must be constructed as a contract under British law and jurisdiction andany dispute arising hereunder shall be submitted to the exclusive jurisdiction of the courts of Englandand Wales.Atlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 2010
Vessel particularsNameVessel nameHail portVigo, SpainClient / OwnerClient nameDocumentationnumberIndex No. XXXXXXIntended useRecreationalDate of valuationinspection:xx/xx/xxxxVessel typeCulveneer - SloopBuilderMoodyYear of build1989LOA12.89 metersEngineBowman four cylinder diesel engineBeam:4.41 metersAtlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 201022
Conditions / Factors limiting the inspectionThe vessel was afloat and in commission, thus allowing access to the deck area and internal parts ofthe vessel only.One single diesel engine was examined externally only. The mechanical condition of the engine is notwithin the scope of this report, as it was specifically not ordered on this occasion.Electrical installations were examined visually, with test switching where practical.All tanks were inspected where visible but not internally and they have not been pressure tested;their contents have not been tested for contamination.Windows, hatches and external doors have not been tested for water tightness.Skin fittings and valves have not been dismantled.The gas system has not been pressure tested.No liability whatsoever is accepted for any injury, death or damages arising from those parts of thevessel to which access could not be gained at the time of the inspection and on the strength of whichI am unable to comment and this survey is not undertaken with any intention to ascertain that thevessel would comply with any rule or code of practice as may be required by any authority underwhose jurisdiction the vessel may be operated. Due to over coatings joiner work, installations alike,access to certain parts of the vessel were difficult or impossible and therefore no responsibility cantherefore be accepted for failure to discover or report on these defects which may exist in theseareas.Hull identification numberThe vessel did have a hull identification number (HIN) L.R./SOU/XXXXXXAtlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 201033
General conditionThe vessel was a production 1989 12.89 meter Moody Culveneer.Atlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 201044
General condition (continued)Hull construction was of typical solid polyester laminate with fibreglass matt and woven rovings. Theinternal hull structure consisted of plywood bulkheads, floor stringers, partitions and joinery bondedto the hull and deck moulding. The main deck and superstructure were cored fibreglass and thevessel generally appeared to have been built to accepted recreational marine industry productionstandards and practices at the time of its construction, using commonly accepted materials.Overall condition of the vesselThe vessel appeared to be a standard production version of an 19XX Moody Culveneer 12.89 metersand no unusual modifications or changes were observed. “VESSEL “ has been built to a highstandard out of good quality materials and in my opinion she is a well-built yacht.The vessel has unfortunately suffered from a lack of maintenance; both mechanical and electricalupkeep over the years.The rigging, as far as can be ascertained, is original which means it is twenty X years old. Defectswere found and this should be looked at in detail by a rigging company and parts replaced werenecessary as this is a hazard that needs attention.The engine looked to be in a poor state with diesel residue on the injectors and a large quantity of oilin the engine bilge area. This is a hazard that needs attention.The electrical wiring looked to be in a poor state with some defects observed. This should be lookedat and replaced or repaired were necessary.The sea cocks and through hull fittings, as far as could be ascertained, were original and looked to bein a poor state.The gas systems pipe work that supplies the saloon cooker, as for as could be ascertained wasoriginal, and we would recommend it be replaced.Due to the overall poor state of many parts of the vessel, I would advise that the vessel be lifted outof the water and left on the hard standing for at leased three days for the hull to dry out, the antifoul to be taken off and that the hull be given a thorough inspection by a suitable person in order toascertain if any osmosis is present in the vessels hull.Atlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 201055
ValuationThe Fair Market Value given herein is defined as the highest price that can be obtained by a willingseller from a willing buyer, with neither being compelled to sell or buy, and the subject vessel havingbeen offered on the open market for a reasonable time. The guidelines used for the valuation are asprovided by industry pricing guides. Estimates based on currently listed asking prices; along withmarket conditions were also considered.Fair market value (pounds sterling): xx,xxx.xxThis valuation is submitted without prejudice and is not to be considered a survey of the vessel. Theinspection was for the sole purpose of valuing the vessel and may not be used for any other purpose.Survey practice statementThis report is for the benefit of “Client Name” and is not transferable except for the named Owner’spurpose and may not be used for other purposes and may not be relied upon by any other personwithout written consent by the surveyor. The surveyor warrants that this report is a true andunbiased opinion of the vessel, based upon a visual inspection on the date of theinspection/valuation. The findings, opinions and conclusions are based upon the best professionaljudgment of the undersigned surveyor. If this survey report does not discuss a specific item,equipment or machinery, it is not covered by this survey. While every effort has been made toconduct a thorough survey, there can be no guarantee or warranty, express or implied, as to thecondition or suitability of the vessel and her equipment or machinery. This survey makes norepresentation and does not purport to describe any condition that may have changed since the dateof the survey.All of our surveys and inspections are undertaken in accordance with the guidelines and standards setby the International Institute of Marine Surveyors.Signed Dated .Atlas Yacht and Power Boat Surveyors, 16 Louvaine Road, Battersea, London, SW11 2AQTel: 44 (0) 7545 840 842 enquiries@atlasyachtandpowerboatsurveyors.co.uk Atlas Yacht and Power Boat Surveyors 201066
Valuation Report "Vessel Name" Moody Sailing Yacht 42 This is to Certify that the undersigned carried out a valuation on the above vessel at the following location, Vigo, Spain, for the purpose of conducting a valuation inspection to determine the fair market value of the vessel for finance/insurance purposes.
