A.M.E. Marine Surveyors
R. Tripp Estabrook
135 Ruggles Avenue
Newport, Rhode Island 02840
Vessel Appraisal
September 7, 2005
S/V “Elysian” 1982 Bowman 84’ Staysail Schooner
Surveys conform to recommendations published by the American Boat and Yacht Council.
Introduction
Scope of Survey;
Acting upon the request of Mr. Thomas B. Rowe of Newport Yacht Management the surveyor attended “Elysian” on the morning of Sept. 5th, 2005. The purpose of the survey was to ascertain the vessels present market value for the purpose of import duties. The surveyor conducted an “in the water” appraisal survey with the vessel lying at anchor north of Goat Island, Newport, RI. The ships papers were on board and complete. A sea-trial was not conducted and the machinery was not run at the time of survey. No attempt was made to inspect the underwater machinery or exterior surfaces below the waterline. Electronic equipment was inspected but not operated. Percussion testing was limited to highly loaded areas of the deck. Moisture meter readings were not taken.
The vessel was surveyed without the removal of any part, including fittings, carpet, screwed or nailed boards, anchors and chain, fixed partitions, instruments, clothing, spares and miscellaneous materials in the bilges and lockers. Further, no determination of stability characteristics inherent structural integrity has been made and no opinion is expressed thereto. This survey report represents the condition of the vessel on the above dates, and is the unbiased opinion of the undersigned, but is not considered to be an inventory or warranty either specified or implied. The statements in this report are the judgments of the undersigned surveyor. He will not be held accountable or liable for any errors or omissions. Acceptance of this report is acceptance of these terms.
Conduct of survey;
The mandatory standards promulgated by the United States Coast Guard (USCG), under the authority of Title 46 United States Code (USC); Title 33 and Title 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 Agency (NFPA) have been used as guidelines in the conduct of this survey. The use of the word appears is intended to that a close or complete inspection was not possible or was deemed inappropriate at the time of this survey. The deficiencies reported herein reflect the conditions observed at the time the survey was conducted
The report is valid only in it’s entirety. Portions of this report submitted to any entity could be construed as fraudulent representation of associated vessel.
The following report is the result of a strictly limited survey for appraisal purposes only and is not to be considered a full condition survey.
Privileged and Confidential Report prepared for: Mr. Thomas B. Rowe, Newport Yacht Management
General Information:
Report Date: 09/06/05 Vessel Name: “Elysian” Report Number: 090605
Primary mooring area: Newport, RI Hailing port on transom: Georgetown, Cayman Islands
Vessel Type: Bowman 84’ Staysail Schooner Vessel Color; White topsides, gold cove stripe, blue boot stripe, blue bottom paint
General construction: Solid Fiberglass
Builders: Hull; Southern Ocean Shipyard, Poole UK Designer: Doug Peterson
Fit-out; Bowman Yachts, Emsworth UK Interior Designer: John Munford
HIN: Ocean 80’ Hull #50 Year Model: 1982
Documentation Number: 703202 Configuration: Long fin keel with centerboard, partially balanced spade rudder
LOA/LOD: 84’ LWL: 76’ Beam Max: 20’
Draft: 7’10” min. Gross Tonnage: 78.41 tons Registered Tonnage: 54.81 tons
12’ max.
Survey Requested By: Newport Yacht Management Survey Date: Sept. 5th, 2005
Vessel location at time of survey: Lying at anchor north of Goat Island. Newport, Rhode Island
Condition of vessel at time of survey: Full sailing trim, professionally maintained and nicely updated.
Intended use of vessel: Private Pleasure
Propulsion Engines: Inboard Type: Diesel Number of Engines: Single
Model Number(s): Caterpillar Serial Number(s): N/A
Cylinders: 8 HP: 180 Engine Hours: Remanufactured 2003
Outdrive Model Number(s): N/A Serial Number(s): N/A
Fuel Capacity: Two S.S. tanks 750 US Gal. Fuel Type: Diesel Hull Speed: 11.5 knots
Propellers: 27” dia. Max self-feathering propeller Condition: Not inspected
Other information: Captain of vessel reports that there were four previous owners of Elysian. Each owner appears to have been diligent in maintaining and updating this yacht. Elysian underwent a major overhaul at the D.N. Kelly Yard in Fairhaven, Mass extending from May of 2004 until July 2005. (See attached equipment list)
Number; Hull number 50 out of Southern Ocean Shipyards in Poole, UK
Material; Hand laid fiberglass sandwich construction.
Frames/Bulkheads; Hardwood and marine plywood secondarily bonded to hull w/ FRP tabbing in good condition.
Bottom; N/A
Bilges; Three separate bilges each with own automatic pump and manual override. Clean and dry.
Decks; Cored molded FRP construction
Hull to deck joint; Mechanical fastenings and sealant bonding.
Hull condition; Clean and fair, minor surface blemishes only.
Bottom paint; Not inspected.
Keel; Lead fin keel w/ Stainless Steel/lead centerboard.
Rudder; Partially balanced FRP blade on SS shaft.
Cabin/coach roof; Cored FRP construction. All windows are supplied with securely fitted storm boards.
Cockpit; FRP W/ a Stainless steel tubular frame canvas covered Bimini.
Toe rail; Full-length bulwarks with solid teak cap rail.
Transom; Full, traditionally raked transom
Hull Fittings; only a few were inspected and appeared to be fully serviced and operational.
Railings & Lifelines
Bow rail; 1.25” Stainless tubular construction
Stern rail; 1.25” Stainless tubular construction
Lifelines; ¼” vinyl coated 1X19 stainless wire w/ swage fittings.
Stanchions; 1.25” tubular tapered stanchions. 11 sets 32” tall.
Boarding gates; Port and Stbd. Amidships with pelican hooks.
Boarding ladder; Portable boarding ladder & Pasarelle
Handrails; Where appropriate
Swim platform; N/A
Ventilation & Access
Companionway; Solid hardwood slider boards forward end of cockpit
Hatches; Numerous Goiot alum/acrylic
Ports; Five sets of opening ports located along cabin house.
Vents; N/A
Dorades; Three pair stainless steel on foredeck all mounted on teak boxes.
Ground Tackle/Mooring Gear
Anchors; Main anchor was deployed at time of survey. Captain reports two additional anchors, which were not inspected.
Windlass; Muir S.S. 24 volt electric Serial Number; N/A
Anchor roller/Bow platform; Stainless fabrication w/ integral anchor rollers.
Sampson post; N/A
Towing bits; N/A
Cleats & Chalks; 8 sets Accessible and secure
Chafe Protection; N/A
Deck drains & scuppers; Not inspected.
Deck Hardware:
Winches; 18 total. All appear to be original equipment. All Lewmar, Six are powered with integral electric motors.
Travelers; Harken ball bearing mainsheet and self-tending staysail.
Rope clutches; Numerous, Antal rope clutches and stoppers.
Block and tackle; Lewmar Blocks and slider cars.
Headsail furler; Profurl 24 Volt electric furler.
Other furlers; Reckman manual Staysail and Fisherman furlers.
Engines and Machinery;
Main Engine(s) Manufacturer; Remanufactured Caterpillar 180 HP
Model; 3208
Serial Number; Not observed
Year; 1983
Type; Auxiliary diesel
Cylinders; 8
Hours; 3,000 since remanufacture
Horse Power; 160
Location; Centerline under main saloon sole.
Last Overhauled; Captain reports engine remanufactured in 2004
Starter; N/A
Transmission; integral to engine
PTO; Drives a crash pump and the refrigerator/ freezer compressors.
Engine Bed; Dry and clean replaced during repower in 1999
Blower(s); Air exchange blowers.
Flame Arrester: N/A
Cooling; Fresh water-cooled.
Exhaust; Water lift on main engine and original generator. New generator has dry exhaust.
Engine Compartment Ventilation; Two air exchange blowers.
Alarms; Numerous, new master light panel installed in crew quarters.
Engine Controls; Unencumbered and accessible.
Machinery Cont.
Generators; Two ea. Original Northern Lights 16 KW Genset w/ 10,000 hrs. New 20 KW Northern Lights installed fall 2004.
Bow thruster; hydraulically driven retractable thruster. Power supply separate from main engine.
Air Conditioning; Five each Cruise Air compressors w/ touch panel controls.
Running Gear:
Shafts; Aprox. 2” Aquamet S.S. shaft.
Shaft Seal(s); Main Bar dripless shaft seal
Outdrive(s); N/A
Propeller(s); Reported 27” Max Prop three bladed feathering. Not observed.
Spare(s); N/A
Strut(s); N/A
Cutlass Bearing(s); Not observed
Rudder; Semi-balanced on a half skeg.
Steering; Hydraulic by Wagner
Electrical System:
Systems and Voltages; 24/110
Wiring General; Newer, good condition.
Power Distribution system; Mastervolt panel with shore power converter
Main Batteries; House bank consists of 14 8-D, Starter bank has four Category 31
Battery Storage Method and Ventilation; All In approved boxed secured to sole.
Battery Charging System; main engine alternators, generators, or charger.
Auxiliary Batteries; N/A
Main Battery Switch; N/A
Vessel Wired for; 24 volts 110 amp
Shore Power cords and connection; numerous and convertible
Alternators, Balmar 100 and 120 amps
Circuit Protection; Two main master breaker panels installed.
Polarity Protection; N/A
Tankage and Piping:
Fuel; Diesel
Capacity; 175 Gallons
Number of Tanks; Two,
Material; Stainless steel
Location; located athwart ships main engine.
Method of securing; Mechanical fasteners.
Condition; Good
Tank vents; Not observed
Filters; Dual Racor centrifugal separator/filter
Shutoff valve; Main fuel manifold w/ ball valves
Safety Equipment and Fire Protection;
For the limited purpose of this survey the safety equipment and fire fighting gear
were not observed in detail or inventoried. The Captain of the vessel reports that a fully compliant and approved set of safety gear was on board with all proper documentation.
Rigging: Staysail Schooner rigged
Spars; Two, original aluminum double spreader mast sections painted white. Mainmast has one set of jumper struts and is a fractionally rigged, in the mast furling section.
Booms; Three, original aluminum boom section painted white.
Standing Rigging; Nitronic 50 rod rigging.
Backstay; Adjustable w/ S.S. hydraulic ram.
Turnbuckles; Stainless Steel closed body turnbuckles with covers.
Electronics and Navigation Equipment: For the purpose of this survey the electronic
and navigation equipment was too vast and varied to inventory. Captain provided a full list of the equipment. (See attached)
Sail Inventory;
Main; Halsey/Lidgard Dacron reported new fall 2004 In Stoway Mast
Main Staysail; Doyle On furler not observed
Headsails; 135% Yankee by Doyle on furler, not observed
Self-Tending Staysail; Doyle On furler and boom, not observed
Spinnakers; Multi-Purpose Spinnaker by Doyle, not observed
Fisherman; On furler, not observed
Bilge Pumps; Captain reports a three bilge system on Elysian. Each bilge has its own
automatic system with float switch and an emergency manual backup. All pump hoses terminate on a S.S manifold with ball valves behind the main engine. An emergency crash pump is installed on the main engine.
Miscellaneous Equipment; For the limited scope of this survey the extensive list of
miscellaneous equipment and ancillary toys is far too long to inventory. Suffice to say that “Elysian” has been equipped with world cruising in maximum comfort in mind.
Summary
Elysian is a fine example of a customized Ocean 80’ hull from 1982. This venerable Doug Peterson design was modified by Southern Ocean Shipyard to be 84’ LOA. Elysian is rigged as a staysail schooner with centerboard. All working sails are deployed by furler. Her interior was designed by renowned designer John Munford and handsomely executed by the Bowman Yard in the UK. The furniture and cabinetry are of laminated teak panels with solid teak trim. The cabin sole is solid teak and holly flooring laminated to backing. The layout could be described as a raised saloon, center cockpit, world cruising yacht. Three guest staterooms are located aft all with en-suite heads and crew’s quarters are forward. She is designed to accommodate six guests in luxury and four full time crew in nicely appointed accommodations forward. Décor is warm and luxurious yet uncluttered and functional at sea. Elysian is reported to have had five caring owners including the present and is reported to have made numerous passages in her 23 years. Although she has been diligently and professionally maintained and updated, she remains a twenty plus year old sailing vessel. In all the entire vessel is in extremely good condition; however there are two systems that remain original to the boat that have not been overhauled or replaced as far as the surveyor can ascertain, those systems being the spars and the winches. It is the opinion of this surveyor that these two primary systems must be nearing the end of their working life expectancy.
Valuation It is the opinion of the undersigned independent marine surveyor that the current US East Coast market value is approximately $1,125,000.
The values appearing in this appraisal are subjective and are based on comparable yachts and the yacht resale market at the time of the survey. The values are intended for insurance and financial evaluation only and are not intended to influence the purchase or sale of the vessel.
R. Tripp Estabrook
A.M.E. Marine Surveyors
A division of
Associated Marine Enterprises LLC