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128 Church Pond Drive Tiverton, RI 02878

401-864-7161 [email protected]

PURPOSE: UNDERWRITING/FINANCE CONDITION & VALUE This vessel inspection and report are intended for the purposes and for the client to which this report is addressed, and not intended for any other person or purpose. This report represents only on the condition of the vessel where at/as was on the date of the inspection only. It provides no guarantee and no prediction of the vessel’s condition or use on any later date. This report is based only on the facts available to the surveyor in attendance and is submitted without prejudice to the right of whom it may concern. The right to amend and/or supplement this report should additional information be made available is reserved. The intended users of this report and appraisal are for the named client and those lenders and underwriters considering financing or insuring this vessel for this client only. MAKE/MODEL: 1955 37’ Meadowlark Ketch Survey Date: 7/11/12 Report Date: 7/21/12 & VESSEL IDENTIFICATION: Name: Suzy HIN: MS 1007 VH Location: Broadwater Marine Services – Mattapoisett, MA Vessel type: Sail - ketch LOA: 37’- 0” BEAM: 8’- 6” DRAFT: 1’- 6” (lee boards up) DISP: 10,000 # (est.) BUILDER: Unknown



Survey requested by: Jim Broadwater – 508-951-2599 Mark Galini – [email protected] CONSTRUCTION: Hull: Skiff Planked – 1 ¾” on bottom frames 1” on side with 2’ frame spacing Decks: Painted FRP over plywood arch, frame supported foredeck Topsides: Painted skiff planked – very good condition Limber holes: Clear of debris Thru-hulls: Bronze below the waterline – all properly installed, with double clamped hoses appropriate for each use, except for the starboard scupper seacock. Rudder: Bracket hung wood – very good condition MACHINERY: Engine: Volvo MD11C 25 HP – no hourmeter installed Propeller & Shaft: Aquamet 22 stainless steel shaft Separate Mechanical Survey Completed: NO TANKS: Fuel: 27 gallon aluminum Fuel delivery system: USCG approved Type A1 rubber fuel hose Water: 30 gallon plastic Holding: 15 gallon plastic Type III MSD in accordance with 33 CFR Part 159 ELECTRICAL SYSTEM: Alternator: 55 amp OEM Batteries: 3 – 27 series wet cells – age unknown 12 volt circuit protection: via fuses AC System: via thermo-magnetic circuit breakers AC Input: via 50’ 30 amp cord to a 30 amp input DECK EQUIPMENT: Anchors: 18# Bruce with 500’ ½” three strand rode Windlass: 12 volt electric windlass/capstan



SAFETY & USCG REQUIRED EQUIPMENT Pumps: Rule with auto float switch midships Whale Gusher manual in cockpit High Water Alarm: None observed – ABYC H-22 recommends the use of high bilge water alarms for all vessels with accommodation spaces. Recommend compliance with these voluntary standards. Fire extinguisher(s):

Boat Length No Fixed System With Fixed System

Less than 26' one B-1 None

26' to less than 40' two B-1 or one B-2 One B-1

40' to 65' three B-1 or

one B-1 & one B-2 Two B-1 or

one B-2

1 Size I ABC in galley area

PFD’s as required by 33 CFR 175.15: None Observed Horn: None observed Bell (>39.4’): n/a Running Lights: To be done at seatrial Flares: None Observed First aid kit: None Observed Oil Placard (26’ & longer) – Observed MARPOL Trash Placard (>26’+ written plan over 40’) – Observed Marine Sanitation Device: Type III MSD in accordance with 33 CFR Part 159 Note: Required systems are present and found to be operational as required by USCG regulations, with exceptions noted. NAVIGATION EQUIPMENT: Compass: Danforth 5” Constellation VHF/hailer: None observed Fathometer: Furuno FI50 fathometer Autopilot: Past install of tiller pilot bracketing MISCELLANEOUS EQUIPMENT: (Not limited to the following items) Refrigeration: Norcold SCQT-6407 12 volt refrigeration Stove: 2 burner propane - removed



COMMENTS OVERALL: Suzy is in very good condition. It is obvious that the present owner has taken exceptional care to keep her in Bristol fashion. The wooden framing, hull & bottom planks, wooden masts, and interior structure are all in very good condition. There are no signs of water intrusion anywhere on the vessel. No rot was detected. BOTTOM: The entire bottom was inspected for hard spots or inconsistency. No such areas were detected. TOPSIDES: The topsides planking and the painted finish are in very good, overall condition. THRU-HULLS: All thru-hulls were inspected and found to be properly installed, although one is in need of a second clamp. RUNNING GEAR: The propeller and shaft were found to be free of damage, and well maintained, with a good cutlass bearing. The rudder is bracket hung and well supported. ENGINE: Appears to be well maintained, having new filters installed, clean fluids at proper levels, and signs of recent maintenance. TANKS: All tanks were inspected where observable, and found to be in good condition, properly installed, and appropriately hosed. No signs of leaks were observed ELECTRICAL: The electrical systems were tested and found to be working properly with no defects noted. ABYC E-11 recommends that all electrical wiring runs be secured no further than every 18”. Recommend compliance with these voluntary standards. Wiring runs were found to be neat and well supported, no signs of corrosion were observed.



RECOMMENDATIONS (Essential items to be completed): Repair crack in fiberglass cloth on port aft end cabin top Replace dryrotted engine intake hose from seacock to strainer Replace dryrotted hose from strainer to raw water pump Replace dryrotted hose on starboard forward cockpit scupper Install (+) terminal protective cover on aft battery Install new suction hose to bilge for the Whale Gusher manual bilge pump Recommend install of one GFCI electrical outlet to feed the others daisy chain style Re-install all mast hardware and plug any unused screw holes to prevent water intrusion Provide USCG approved PFD’s for each passenger aboard Provide at least one Type IV throwable PFD Provide a first aid kit Provide a distress flare signal kit Provide a total of 2 size I fire extinguishers Provide VHF radio for emergency purposes Replace cracked throttle cable as it will likely seize up Replace deteriorating exhaust hose clamps at elbow and muffler MAINTENANCE ITEMS (Advisory information provided as a guide for continued care for the vessel): Recommend install of 2nd electric higher capacity bilge pump There is an inordinate amount of anchor line that was removed from the vessel – recommend reducing the overall rode to 150’ with 20’ of chain leader. A second separate anchor and rode is recommended for kedging Monitor bonding wire on centerline rib just forward of galley – showing signs of electrical burning Recommend Teflon washer between rudder top bracket and boat mounted gudgeon

End of Notes. Valuation and photos follow



SURVEY LIMITATIONS: ABYC: The mandatory standards promulgated by the United States Coast Guard (UCSG), under the authority of Title 46 United States Code (USC): Title 33 and 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. Findings reflect conditions observed at the time of the survey, and only deficiencies were noted. The American Boat and Yacht Council “standards and recommendations”, are defined by reference to “ABYC”. These standards were developed in cooperative effort with the National Marine Manufacturers Association, to complement, the mandatory standards promulgated by the United States Coats Guard under the authority oof the Federal Boat Safety Act of 1971. The ABYC Standards and Recommendations are considered to be voluntary, but are highly suggested by this surveyor. The recommendations are based on the Regulations of the United States Coast Guard (USCG), as well as the voluntary standards and guidelines of the American Boat & Yacht Council (ABYC), and my personal opinion based on knowledge and experience. This report is a statement of the surveyor’s opinions of conditions aboard the vessel at the time of survey, and is based on a visual inspection of accessible areas. There has been no destructive testing, nor any removal of bulkheads, paneling, or any part of the vessel’s structure. Machinery was visually inspected without disassembly, and tanks were inspected only on visibly accessible surfaces and without opening access ports. The mechanical observations in this report does not constitute a mechanical survey. This report is valid at the time of inspection and is not a warranty of the condition of the vessel or associated equipment. This report does not represent a complete record of all information exchanged verbally between the surveyor and client. The surveyor cannot be held responsible for any misstatement. This report is provided for the exclusive and confidential use of the client and his designated agents. In the course of maintenance, modification or repairs to, the boat, and though the use of the boat, additional conditions will be discovered that were not evident at the time of survey. Discoveries of this nature are a normal aspect of boat ownership. There has been no water testing for leakage at deck hatches and fittings; leakage at these installations is common on new vessels and especially common on seasoned vessels. Interior spaces of any boat are subject to mildew and mold formation, which is hazardous to persons sensitive to these conditions. This hazard can be minimized with a routine of thorough cleaning and proper ventilation of all interior living and storage spaces on the vessel.



VALUATION: PRESENT MARKET VALUE: $ 25,000.00 In present condition, as equipped

Date of Survey 7/26/2012

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Experience: June 2009 – Present Owner/Operator EBCS Marine · Certified Master Marine Surveyor – United States Surveyors Association · Ritchie authorized service center Performing marine compass adjusting & repairs since 1983 June 2007 – June 2009 Staff Marine Surveyor – Travelers Insurance · Licensed Claim Handler – Technical Specialist: Texas, Connecticut, Rhode Island Duties: · Inspect & document damages · Prepare or process repair estimates · Prepare & submit damage assessment/estimates · Large loss & Fire loss assessments/negotiations – Damages in excess of $250,000 · Huge Claims Territory – Mid-Maine, New Hampshire, Massachusetts – Cape & Islands, Rhode Island, Connecticut · 2008 – 350 claims in 8 months over 60,000 miles · 2008 Performance Appraisal – Exceeds Expectations Sept 2000 – June 2007 Service/Project Manager – Hinckley Yacht Services, Inc. · Average Annual Project Sales $2.5 Million Duties: · Oversee up to 50 individual yachts with multi-faceted projects including Refits · Review and approve monthly pre-invoicing proformas on all ongoing projects · Request project estimates, compile data, and submit to client for approval · Generate work orders and coordinate work schedule with foremen and production manager · Proficient at Syteline billing system, eCRM database, Word, & Excel June 1990 - June 2000 Marina Manager for Standish Boat Yard, Inc. Duties: · Yacht and Retail Store Sales, Customer Service, Recruiting, Training, Hiring Staff · Oversee the Set up, Breakdown and Staffing Trade Shows · Stocking Ships Store · Oversee Year End Inventory/Data Entry & Final Spreadsheet Presentation · Personnel Manager/Foreman · Operations Manager · Daily work schedule/Monthly Work Plan/ Weekly Productivity Reports · Employee Evaluations · Insurance Company Salvage Negotiations · Sub-Contractor Hiring/Supervision



· Implemented Team Management Program · Implement and Manage Equipment/Facilities Preventive Maintenance Program June 1987 - June 1990 Ship’s Officer for Texaco Marine Services, Inc. Duties: Third and Second Mate · At Sea Watch Officer Aboard 850 Foot Oil Tanker – Navigation – Rules of the Road · In Port Watch Officer In-Charge Liquid Cargo Transfer Multi-Million Dollar CargoValue · Ship’s Safety Officer Overseeing Maintenance of Safety Equipment · Manager of the Ship’s Safety Training Program · Member of the Shipboard Management Team Sept. 1979 - Sept. 1983 United States Coast Guard Duties: E1 – E5 · Coast Guard Marine Safety Office - Boston, Ma E2 &E3 · U.S. Coast Guard Cutter Cape Horn - Woods Hole, Ma E3 · U.S. Coast Guard Cutter Dallas - Governor’s Island, NY E4 & E5 Quartermaster/Signalman · Honorable Discharge Sept. 1983 Education: Bachelor of Science in Marine Transportation, May 1987 Massachusetts Maritime Academy - Graduated 15th in Class Organizations: United States Surveyors Association American Boat & Yacht Council Rhode Island Marine Trades Association Tiverton Yacht Club Board of Directors Chairman Marina Committee Member Sail Training Committee Adult Sailing Instructor Massachusetts Maritime Academy Alumni Association Hobbies: Recreational Boating (Sail & Power) Vessel restorations Large Sailboat Racing – Tactician/Skipper Expert skier/instructor Golfing

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