Scarab 35

701 S.
Howard Ave Tampa, FL 33606

3350 NW 2nd Ave Boca Raton FL 33431
3109 Grand Ave Miami, FL 33133
“Serving All of Florida”
Telephone: 888-734-7446
Surveyor@SunCoastMarineSurveyor.com
Marine Survey Report
2006 Scarab Tournament 35
Prepared Exclusively For
Mr. Sample Survey
Report Date:09/24/17
Surveyed for: Mr. Sample Survey - 2006 Scarab Tournament 35 Report file #: 17-178 2006 Scarab 35 Tournament
Surveyed by: Sun Coast Marine Surveying & Consulting LLC, Tampa FL Page no: 1 of 21
GENERAL INFORMATION
OPENING REMARKS & VESSEL SPECIFICS
This Is To Certify that the undersigned Marine Surveyor acting on behalf of Sun
Coast Marine Surveying & Consulting, LLC inspected the referenced the triple
screw fiberglass motor vessel on the dates specified.
Purpose of Survey The survey was made at the request of the named client and for his/her account, in
order to ascertain the vessel's general condition and valuation for pre-purchase
consideration.
Attending Surveyor: Attending Surveyor Representing Buyers Interest: J. Chet Stephens SA.
Circumstances of Survey: The vessel was inspected while afloat in its berth and later hauled for an inspection
of the waterline hull, appendages and machinery. All accessible compartments
were entered, but do to paneling, liner, tanks, and installed equipment only about
20 percent of the hulls 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. A formal sea trial was
performed. Machinery and equipment were inspected while operating unless
specifically noted. Electrical power was available and used during the inspection.
The deck and superstructure were examined visually and by way of ransom
percussion testing, random moisture meter readings, and thermal imaging. The
below draw waterline hull and appendages were examined visually and by of
random percussion testing and thermal imaging were applicable.
NOTE: Ownership, HIN and Official numbers from documents. Numbers verified
on hull. All specifications included in report are from official documents or sources
such as USCG Documentation, state registration, manufacturer's data or other
reference materials and were not measured during the inspection.
Surveyor Qualifications: The surveyor is a member of SAMS (Society of
Accredited Marine Surveyors), and a Certified
Standards Technician with ABYC (American
Boat and Yacht Council)
Intended use: Recreational.

CLIENT
Client name: Street address: City/State/Zip:
Mr. Sample Survey. Sample Survey. Sample Survey.
SURVEY LOCATION
In Water Portion: 145 Holly Ave Sarasota, FL 34243.
Out of Water Portion: Centennial Park 1105 10th St, Sarasota, FL 34236.
VESSEL INFORMATION
Vessel Yr/Make/Model: 2006 Scarab Tournament 35.
Hull ID number (HIN):
WELJVA111111 - A true digital photograph of the hull ID number of the

referenced vessel is shown here.
Manufacturer/Builder: Wellcraft Marine, Sarasota FL.
VESSEL SPECIFICATIONS
Length overall (L.O.A.): 35'4" per Power Boat Guide.
Beam: 9'11" per Power Boat Guide.
Draft: 3'3" per Power Boat Guide.
Displacement: 8600 lbs per Power Boat Guide.
Fuel Capacity: 400 U.S. Gallons Total.
Fresh Water Capacity: 13 U.S. Gallons.
EXTERIOR HULL, DECK & BOTTOM INSPECTION

DESIGN CHARACTERISTICS
Standard:
Standard manufacture' s hull, deck & superstructure.
HULL: Planing type hull with moderately raked bow, vertical with increasing flare
forward, straight reverse sheer and square stern with dive platform. The bottom is a
deep V design, with a reported 23 degree dead rise aft, lifting strakes and steered
by triple outboard engines.
DECK(S) & SUPERSTRUCTURE: Single level deck with raised foredeck and
single level recessed center console superstructure with T Top.
WATERTIGHT INTEGRITY: A single water tight compartment. Overboard self

draining anchor locker at the fore peak. The hatches and portholes opening to the
exterior hull, weather decks, and cockpit were apparently water tight types (ABYC
Standards H-3). Cockpit was a self draining type via scuppers located at the aft
outboard corners of the cockpit.
HULL DECK & SUPERSTRUCTURE
Hull, Deck & Conventional fiberglass reinforced plastic (FRP) moldings with unknown core
Superstructure: material, white gel coat exterior shell below the waterline and white gel coat above
the waterline with bulkheads grafted to the hull with FRP laminates. Deck has
unknown core with white exterior gel coat surfaces and molded in anti-skid texture
in tread areas. Hull-deck joint is a shoe box design sealed with an elastomeric type
compound and secured with stainless steel fasteners and FRP tabbing where
observed. Joint protection provided by an external type plastic rub rail with a PVC
striker molding.
(See Findings & Recommendations Other Observations)
Structural Members: Transverse longitudinal and athwartship framing system comprised of FRP
encapsulated longitudinal box stringers and frames of an unknown core material.
Both stringers and frames laminated to the hulls interior along with full and partial
plywood bulkheads and plywood floors grafted to the hull with FRP laminates and
full and partial plywood bulkheads secured with mechanical fasteners.
(See Findings & Recommendations Priority II)
Transom: Well secured, no cracks or defects sighted. No delamination when checked with a
percussion hammer.
(See Findings & Recommendations Priority II)
Photograph(s):
ABOVE WATERLINE HULL, DECK, SUPERSTRUCTURE, HARDWARE & FITTINGS
Deck Floorplan:
Standard manufactures deck layout with no modifications to the original design.

Anchor Platform: Stainless steel platform with dual anchor roller, well secured to the deck and roller
in good condition.
Toe Rails, Rails, Polished stainless steel bow rail mounted to the deck with stainless steel fasteners.
Stanchions & Life Lines: Firmly mounted and serviceable except as otherwise noted.
Mooring Hardware: Polished stainless pop up steel horn cleats attached with stainless steel fasteners.
Exterior Seating & Tables: The exterior seat structures were firmly mounted and the upholstery was
serviceable showing average wear and tear for age of the vessel.
Boarding Ladder: Portable boarding ladder sighted in center console that hangs on the gunnels and
appears serviceable.
Swim Platform: Molded in FRP swim platform in serviceable condition.
Above Draw Water Line Stainless steel thru hull fittings, all secure and showing little to no wear and tear.
(ADWL) Thru Hulls:
Photograph(s):
BELOW DRAW WATERLINE SKIN FITTINGS, MACHINERY & HARDWARE
Below DWL Thru Hull Bronze fittings appear to be in serviceable condition with limited wastage.
Fittings:
Transducer(s): Plastic type. Intact.
Sea Valves / Sea Cock Bronze sea cocks. Valves were exercised and found to be stiff.
Type:
Trim Tabs: Kiekhaefer Mercury Marine 12VDc hydraulic trim tabs with reinforced flex piping,
composite struts, aluminum trim tab offshore blades. Operable and no hydraulic
fluid leaks found.
Note: This company suggests the sea cock/ sea valves be serviced according to the
manufactures recommendations as a preventative measure upon purchasing a used
vessel and thereafter as recommended by the sea cock/ sea valve manufacturer or
more frequently as a part of the vessel's regular maintenance program. We also
strongly recommend that if the vessel is left unattended that all below waterline sea
valves be closed with the exception of scuppers, bilge pump discharge, or other
valves that are required to be in the open position to prevent flooding of the vessel
during inclement weather. This provides an extra measure of safety for the vessel
as well as the added benefit of familiarizing the crew with safety valve locations
and to exercise the valves to prevent seizure.
Moreover, if not already done so, it is strongly suggested that properly sized
tapered wooden plugs be kept in the vicinity of each sea cock/sea valve/thru hull to
be used as a plugging device in the case of an emergency. Finally, when renewing
the vessels protective coatings, it must be kept in mind that antifouling paints
containing copper or other metals must not be applied to metal fittings and/or
machinery without first having an insulated coating such as underwater metal
primer or epoxy barrier coat applied. Failure to do so can result in harmful
galvanic corrosion damage to the fittings and/or machinery.
Condition & Comments: In apparent serviceable condition except as noted in the Findings &
Recommendations.
Photograph(s):
CATHODIC PROTECTION
Bonding System: The bonding system was found to be using an individual green insulated bonding
wire. Appeared to be serviceable were sighted except as indicated otherwise in this
report. Hull zinc anode and trim tab mounted zinc anodes serviceable.
Lighting Protection: None, but not normally found on boats of this type.
Note: Few boats are actually wired for lightning protection from the manufacture.
There is no known way to ensure complete protection for personnel and equipment
from a lightning strike. However, we suggest that any owner review the
information at www.marinelightining.com and ABYC TE_4.
Additional Remarks: A separate bonding system survey was not performed, and a corrosion meter was
not used to establish the level of protection. If a more detailed analysis is
required, a complete separate bonding system survey is recommended.
Note: A vessels bonding system should be checked as part of the vessel's regular
maintenance program. Each bonding wire should be checked regularly for
corrosion, and its connection should be checked for connectivity. Resistance
should be less than one (1) Ohm.
FISHING EQUIPMENT
FISHING GEAR
Outriggers: TACO Grand Slam mounts on the T Top with aluminum riggers. Riggers not tested
but appeared to be as new.
Live Bait Wells: A reported 84 quart livewell on the transom and a 40 gallon leaning post live well.
Both livewell pumps powered up.
Fish Box(s) Bow storage consists of two insulated fish boxes that showed minimal wear and
tear.
Rod Holders: Multiple rod holders in the gunnels, transom and T Top. All appear to show
negligible wear and tear.
Lure/Tackle storage: Tackle storage located in the leaning post with removable boxes.
Wash Down System: Raw water and fresh water wash down. Both power up.
Cleaning station: Transom area has cleaning station with cutting board, appears to not have been
used.
HELM STATIONS & NAVIGATION ELECTRONICS

NAVIGATION ELECTRONICS
Helm Station: Electronics mounted on cockpit bulkhead. A 4" Richie compass in serviceable
condition. The accuracy of the compass was not verified. A Raymarine 240 VHF
radio, powered up received transmission from the weather service, unable to
confirm transmission using the Sea Tow automated service. Recommend
transmission be confirmed. Two Raymarine E-120 chart plotters with navigational
charts and radar that powered up and appears to function properly. A Raymarine
C70 chart plotter with navigational charts. A Raymarine ST8001+ autohelm system
that was operational during the sea trial.
Photograph(s):
ENGINE INSTRUMENTS AND CONTROLS

Throttle and Shift Livorsi, Separate levers for each engine throttle and shift control. Throttle and
Controls: shifter controls were functional and neutral safety switches were tested and proven
operational.
Engine Status: All engine instruments are OEM.
OTHER ELECTRONICS AND CONTROLS
Spotlight controls: ACR Point Pad, Powers up and turns properly port/starboard/up/down.
Trim Tabs: Trim tabs switches are operational and no leaks sighted.
FLIR Camera: Tested and proves operational through starboard side chartplotter.
ELECTRICAL SYSTEMS
DIRECT CURRENT (D.C). SYSTEMS
Direct Current System(s) The vessel was equipped with a single 12VDc system consisting of two battery
Type: banks. (5) Group 31 12VDc wet cell lead acid batteries are located in the center
console and are in plastic battery trays and secure. The batteries provide power to
all 12 V systems to include engine start batteries, house electrical and anchor
windlass. Four Blue Sea rotary switches are located midship on the port side
gunnel. Where visible the vessel was wired with multi stranded copper conductors
with plastic type insulation. Much of the wire did not appear to have been modified
from its factory installation. Furthermore, were observed, no indications of
overheating conductor insulation was observed. The terminals where splices could
be seen, consisted of ring terminals, terminal plugs, spade and blade terminals, fork
terminals, common butt splices, and waterproof butt splices. Battery charging was
accomplished by 12 VDc unknown amperage alternators on each engine. All panels
were clearly marked for voltage. Over current protection of the system was
provided by a variety of in-line fuses of different types, push button thermal reset
breakers and circuit breakers.
Note: Check all battery dates prior to purchase to determine any batteries that are older
then 3 years, It is recommend any battery over 3 years be replaced. Batteries are
not load tested as a part of the survey and often battery dates are not visible. Verify
this information prior to closing.
Photograph(s):
ALTERNATING CURRENT (A.C.) SYSTEM(S)

Shore Power System: The vessel was equipped with one 120 VAc Marinco 30 amp single phase Ac
system. The vessel shore power connection was located on the port inside cockpit
forward of the center console.
OUTBOARD PROPULSION SYSTEM

OUTBOARD ENGINE(S)
No./Type/Cylinders Three Evinrude 250 HP two stroke outboards. The engine mounts were secure.
Both tilt and trim functions were operational when tested. The cowlings were in
good condition with no visible scratches or broken sides. The props are stainless
steel three bladed props with no visible damage and both skegs were in good
condition.
Serial No(s): Port Engine: 05119024 Center Engine: 05119588 Starboard Engine: 05180070.
Other notes: NOTE:
• It is good practice when buying a used vessel that all fluids (Engine and
Outdrive) be changed and the raw water cooling impeller(s) also be changed.
As stated in the Terms and Conditions agreement, It is understood that the
attending surveyor is not an engine/transmission surveyor. As such, I
recommend that all gasoline engines and transmissions be inspected by a
qualified engine surveyor/mechanic to determine the internal condition of
the engine(s), outboard gears, and pumps, etc.
Photograph(s):
STEERING SYSTEM
STEERING SYSTEM
Manufacturer & Type: Sea Star-Teleflex.
Steering System Helm pump wheel assembly, reinforced steering system hoses, two hydraulic rams
Components on outside engines, stainless steel drag. Where visible the components were
adequately mounted and no indication of fluid leaks were noted. The system
operated normally.
Note: Upon purchase of a used vessel this company suggests, the steering system
be serviced according to the manufacturer's recommendations as a preventive
measure and inspected regularly thereafter as part of a regular on-going
maintenance program.
Photograph(s):
TANKAGE
FUEL TANK(S) & PIPING
No & Location: One tank located below the deck with deck access hatches with visible
manufactures label sighted on the top. The tanks were secured with metal straps
and due to its location access was very limited and only part of the top could be
observed. Grounding conductors were observed at the tank but no access to the
weather deck mounted stainless steel pipe marked for gasoline. Additionally
continuity testing was preformed using a multimeter and confirmed that the tank
and fuel fill were grounded on the day of the survey. The fill hose was USCG
approved Type A hose secured with double hose clamps where visible. The tank
were vented to topside mounted fittings with flame screens and were plumbed with
SAE j1527 hose secured with hose clamps. Fuel filtration was provided by three
remotely mounted primary fuel filters and engine mounted OEM type fuel filters.
Tanks appear to be original and in serviceable condition.
Photograph(s):
POTABLE WATER SYSTEM & WATER HEATER

No & Locations of The potable water system consists of a single plastic water tank secured below in
Tank(s): the transom area. The system was equipped with one ShurFlo brand 12 VDc on
demand water pump installed near the tank that was functional when tested. No
evidence of leaks were sighted.
Photograph(s):
HOLDING TANK(S) - BLACK WATER

Marine Sanitation Device: Certification Type: MSD U.S.C.G. Type III. (Holding tank). The tank is considered
part of the Dometic Porta Potty.
Photograph(s):
SAFETY EQUIPMENT
U.S.C.G. REQUIRED
Navigation Lights: (See Findings & Recommendations Priority I)
Life Jackets(PFD's): The following USCG approved life jackets were sighted on board: (10) USCG
Type II and (5) USCG Type III, All appear to be in good condition.
Throwable Type PFD's: The type of USCG approved throwable PFD devices sighted were: (1) USCG
approved buoyant cushion(s), All appear to be in good condition showing average
wear and tear for the age of the vessel.
Visual Distress Signals: (See Findings & Recommendations Priority I)
NOTE: All visual distress signals have a printed expiration date- 3 years from date
of manufacture. It is recommended that expired signals be retained for backup.
You must have at least three aerial or three red hand held signals that are current.
Sound Devices: 12 VDc horn, functional.
USCG placards: "Discharge of Oil Prohibited" placard is posted.
FIRE FIGHTING EQUIPMENT
FIRE EQUIPMENT (See Findings & Recommendations Priority I)
OBSERVATION:
BILGE PUMPS
MIDSHIP/CENTRAL One electric pump. Rule 12 volt, 500 GPH, Pump powers up and float switch turns
BILGE: pump on.
AFT BILGE: One electric pump. Rule 12 volt, 1500 GPH, Pump powers up and float switch
turns pump on.
Bilge Pump Comments: CAUTION---- Bilge pumps are high maintenance items. Bilge pumps are only the
initial part of a de-watering system, which may include a strum-box, check-valves
or occasionally anti-siphon loops and valves, piping, a seacock if the exit is below
waterline and a thru-hull tailpiece. This entire system must be understood and
maintained. Bilge pumps may fail at any time. No warranty as to longevity can be
expressed or implied at survey. Tapered wooden plugs tied to seacocks are an
inexpensive safety item and highly recommended under current ABYC standards.
Keeping bilges clean and free of debris is a vital part of insuring proper operation.
It is also recommended that each bilge pump be periodically tested by filling the
immediate bilge area with water, to ensure the pump(s) and float switch(s) are
operating as designed.
GROUND TACKLE & WINDLASS
Anchors & Rodes: (The anchor rodes were inspected as stored without ranging)
Primary: A polished stainless steel 22lb Anchorlift anchor is mounted at the anchor
platform with an undetermined length of raw chain and considered serviceable
other then noted in the Findings & Recommendations, showing moderate wear and
wastage.
(See Findings & Recommendations Priority I)
Windlass: A Anchorlift windlass is mounted on the platform and was functional

using the bow foot controls. Vessel is not equipped with a helm control.
AUXILIARY EQUIPMENT
TRAILER
Manufactured By: The trailer is an aluminum Loadmaster triple axle trailer with full fenders. The
hitch requires a 2-5/16" ball with safety chains that are stainless steel chain and a 4
way 12VDc connector. Loading guides are mounted and in good condition. The
winch is manual with a nylon strap.
(See Findings & Recommendations Priority I)
Trailer Serial ID Number: 4YPAB33325T039927.
Condition Summary: Based on the overall appearance of the trailer components that are visible, as
many details about the trailer as possible are included in this portion of the
survey report. It should be understood that a marine surveyor is not to be
considered a trailer expert and as such the trailer 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.
Photograph(s):
SEA TRIAL
SEA TRIAL DETAILS
Observations: A formal sea trial was conducted after the inwater inspection. Weather conditions
were partly cloudy skies, a temperature of approximately 95°F and a moderate
chop on the waterway. The vessel was operated by the seller. The total operational
time considered sea trialing was from 11:06 AM and completed at 11:42 AM. Total
sea trial time was approximately 37 minutes.
The vessel responded to throttle, trim tabs and helm manipulation in a normal and
predictable manner, and visibility from the helm considered adequate for the
vessels type. All observed engine temperatures, oil pressures and RPMs as per the
vessels gauges appeared to operate at acceptable temperature ranges and pressure
ranges.
STATISTICS:
Indicated engine wide open throttle speed (WOT): 5300 RPM Port 5350 RPM
Center and 5350 RPM Starboard which resulted in a speed over ground of 53.4
mph. Max RPM for the engines is 2300 RPM.
Indicated engine temperature: 158.7 degree Port, 182.4 Degree Center and 164.2
degree Starboard.
Photograph(s):
INSPECTION RECOMMENDATIONS SUMMARY
PRIORITY I - SAFETY & REGULATORY RECOMMENDATIONS:

(MAY BE MANDATORY)
The items listed are required by state laws or federal laws and U.S.C.G. regulations or are considered by the
attending surveyor to represent unsafe operating conditions. Recommend these items be corrected before next use
of vessel.
SAFETY EQUIPMENT
U.S.C.G. REQUIRED
Findings:
1. Bow lights were inoperable, stern and anchor light were functional.
2. Visual distress signals are all expired.
Recommendations:
1. Further investigate and repair Nav lights as necessary to comply with 33 USC 2020/Colregs 20 if plan to
use vessel between dusk and dawn or before using vessel in limited light conditions.
2. Replace expired visual distress signals to comply with USCG regulations 33 CFR 175.110 for visual
distress signals prior to using vessel.
FIRE FIGHTING EQUIPMENT

Findings:
No Fire fighting equipment sighted.
Recommendations:
USCG standards for vessels 26 to 40 feet require two (2) BI extinguishers or one (1) BI and (1) one Fixed
system. ABYC A4.6.3 and NFPA 10.2.1 recommend three (3) extinguishers: one(1) outside the engine
compartment, One at steering position and One near the galley or passenger cockpit. Recommend compliance
with ABYC and NFPA for this size vessel and fire extinguishers should be permanently mounted and readily
available using the mounting system for the brand chosen.

Findings:
Anchor/rode shackle pins are not properly seized.
Recommendations:
Seize anchor rode shackles with galvanized or monel seizing wire to help prevent loss of anchor.
AUXILIARY EQUIPMENT
TRAILER
Findings:
Trailer does not have brakes, axles have corrosion, nylon strap is in poor condition and tires are wasted.
Recommendations:
Correct trailer deficiencies prior to transporting vessel on trailer.
PRIORITY II - MAINTENANCE & STANDARDS RELATED RECOMMENDATIONS:
(NOT NORMALLY MANDATORY)
These are important maintenance items sighted which in this firm's opinion should be performed. They may also
include recommendations to conform to current ABYC and NFPA-302 voluntary standards which may not have
been in effect or may not have been adhered to by the builder when the vessel was constructed. Some of these, if
not addressed, could lead to a Priority I safety issue and/or may result in a reduced vessel market value.

Findings:
Elevated moisture meter readings were recorded at the transom. Percussion testing was not consistent with
delamination.
Recommendation:
Investigate the transom further and recommend thermal image testing by a qualified themographer.
Findings:
The port aft stringer is cracked.
Recommendations:
Repair damaged stringer.
OTHER OBSERVATIONS:
These are other less significant maintenance items or observations that if not addressed, could lead to more
important priority issues and/or could lead to a reduced vessel market value. The cost of addressing these
recommendations is generally minimal.

Findings:
1. Gelcoat crazing sighted on the forward bow deck and around a hatch forward.
2. Some minor tabbing crack was sighted on a forward stringer.
Recommendations:
1. Repair gelcoat crazing if desired.
2. Grind back tabbing if desired.
ABOVE WATERLINE HULL, DECK, SUPERSTRUCTURE, HARDWARE & FITTINGS

Findings:
The forward bow gunnel cushions showing some wear and tear and a tear was sighted in the gunnel padding
port side near shore power connection.
Recommendations:
Have upholstery repaired if desired.
FISHING EQUIPMENT
FISHING GEAR
Findings:
Transom livewell port side hinge is missing fasteners.
Recommendations:
Replace fasteners.
SAFETY EQUIPMENT
Findings:
The solenoid on the anchor windlass was locked up when initially tested.
Recommendations:
Investigate windlass further to insure proper operation when needed.
SURVEY FINDINGS PHOTO'S
Non Working Bow Port Light Non Working Bow STBD Light
Un-Seized Anchor Shackle Transom Elevated Moisture Readings
Aft Cracked Stringer Deck Gelcoat Cracking
Tabbing Cracking Gunnel Padding Tear
CONDITION & VALUE REPORT SUMMARY
CONCLUSION:
Insofar as could be determined by general examination without making removals to expose concealed parts, the
vessel was considered to be in good overall general condition, and it is my considered opinion that upon compliance
with the recommendations stated above, it would be in satisfactory condition for the intended use of its designer and
builder.
VALUATION:
The definition of "Fair Market Value" as used in this report is that as issued by the Machinery & Technical Specialties
of the American Society of Appraisers-July 25, 2010.
The" Fair Market Value" "is, "an opinion, expressed in terms of money, at which a property would change hands
between a willing buyer and a willing seller, neither under any compulsion to buy or sell, and both having reasonable
knowledge of relevant facts, as of a specific date." Implicit in this definition is the consummation of a sale as of a
specified date and of 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 acting in what they consider their own best interest.
c. A reasonable amount of time is allowed for exposure in the open market.
d. Payment is made in terms of cash in US 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.
The valuation offered in this report is based on the vessel's apparent condition on the date of the survey and
assumes that the vessel's engines and/or other installed equipment not proven during the survey inspection are in
fact operational. Discoveries made as a consequence of additional testing/inspection procedures may significantly
lower this valuation. Also, there is no warranty given, or implied, of the future useful life of engines or machinery
described herein. Valuations are developed by using some or all of the following resources; commercially published
used boat price guides(BUC, NADA, Boats & Harbors, Soldboats.com, Yacht World, etc.), commonly accepted
Marine depreciation schedules, and consultations with knowledgeable boat brokers not involved with this specific
transaction. 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 or comparable vessel with the same
equipment.
A. Comparable Sales Market Approach:

1. The current NADA provides a value range for the vessel of $92,400.00 (NADA valuation is based on two engines, value
was adjusted >$5000.00< to account for three engines.)
2. The current BUC ValuePro provides a value range for average condition of approx. $80,200.00
3.The current Power Boat Guide provides a value range for average condition of approx. $87,500.00
4. The following were the only verified sales found of the same make, model and year vessel between Jan. 2016-August 2017
found on SoldBoats.
a. Vessel Year: 2006 Location: GA Sold Date: 02/15 Sale Price: $75,000.00
b. Vessel Year: 2007 Location: MD Sold Date: 05/17 Sale Price: $65,000.00 (Vessel sold without trailer)
5. Calculations:
a. NADA Average: $92,400.00
b. BUC Book Average: $80,200.00
c. PBG Average: $87,500.00
d. Sold Boats Average: $71,500.00 (Avg adjusted >$3000.00< to compensate for trailer)
Average Valuation: $83,000.00
B. Cost Approach Method:
If the Cost Method of appraisal is considered using the Martin Scale with research indicating the same make and model vessel
would now cost $230,000.00 new, this 11 year old vessel in 2017 would be worth approximately $131,000.00. Based upon the
Soldboats, BUC and NADA data the Cost Approach Method of appraisal is not considered the most accurate. We will therefore
rely on the Comparable Sales/Market Approach Method. Therefore, consideration of the reliability of the data, the extent of the
necessary adjustments for additional equipment and condition of the vessel the:
Estimated Fair Market Value is: $ 85,000.00

Estimated Replacement Cost is: $230,000.00 (Per manufacture research)
CERTIFICATION:
Acting on behalf of Sun Coast Marine Surveying & Consulting LLC, the undersigned surveyor certifies that to the best of my
knowledge and belief: That the statements of fact in this report are true and correct. The reported analysis, opinions and
conclusions are limited only by the reported assumptions and limiting conditions at the time of inspection and are my personal,
impartial and unbiased professional analysis, opinions and conclusions. I have no present or prospective interest in the property
that is the subject of this report and no personal interest with respect to the parties involved. I have no bias with the respect to the
property that is the subject of this report or to the parties involved with this assignment. My engagement in this assignment was
not contingent upon development or reporting of a predetermined value or direction in value that favors the cause of the client or
seller, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly
related to the intended use of the report content including the appraisal.
REPORT SUBMITTED WITHOUT PREJUDICE
Sun Coast Marine Surveying and Consulting LLC
J Chet Stephens
By:
Operating Manager
J. Chet Stephens, SAMS-SA

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701 S.

Howard Ave Tampa, FL 33606

2006 Scarab Tournament 35

Prepared Exclusively For

Mr. Sample Survey

Intended use: Recreational.

WELJVA111111 - A true digital photograph of the hull ID number of the

EXTERIOR HULL, DECK & BOTTOM INSPECTION

Standard manufacture' s hull, deck & superstructure.

WATERTIGHT INTEGRITY: A single water tight compartment. Overboard self

Standard manufactures deck layout with no modifications to the original design.

HELM STATIONS & NAVIGATION ELECTRONICS

ENGINE INSTRUMENTS AND CONTROLS

ALTERNATING CURRENT (A.C.) SYSTEM(S)

OUTBOARD PROPULSION SYSTEM

POTABLE WATER SYSTEM & WATER HEATER

HOLDING TANK(S) - BLACK WATER

Windlass: A Anchorlift windlass is mounted on the platform and was functional

PRIORITY I - SAFETY & REGULATORY RECOMMENDATIONS:

2. Visual distress signals are all expired.

FIRE FIGHTING EQUIPMENT

GROUND TACKLE & WINDLASS

EXTERIOR HULL, DECK & BOTTOM INSPECTION

EXTERIOR HULL, DECK & BOTTOM INSPECTION

2. Some minor tabbing crack was sighted on a forward stringer.

2. Grind back tabbing if desired.

ABOVE WATERLINE HULL, DECK, SUPERSTRUCTURE, HARDWARE & FITTINGS

Un-Seized Anchor Shackle Transom Elevated Moisture Readings

Tabbing Cracking Gunnel Padding Tear

a. Buyer and seller are typically motivated.

A. Comparable Sales Market Approach:

Estimated Fair Market Value is: $ 85,000.00

REPORT SUBMITTED WITHOUT PREJUDICE

Sun Coast Marine Surveying and Consulting LLC

J. Chet Stephens, SAMS-SA

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