TIPTON MARINE SURVEYS

1989 Silverton 34 Convertible

"Sample Survey"

MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS

530 Donna Dr. Lenoir City, TN 37771 (865) 816-3690 Cell (865) 406-3029

Report of Marine Survey

Of The Vessel

"Sample Survey"
1989 Silverton 34 Convertible

Conducted by James R. Tipton Surveyor Associate, SAMS

PREPARED EXCLUSIVELY FOR: Removed for Privacy May XX, 201X

MEMBER OF SOCIETY OF ACCREDITED MARINE SURVEYORS

TABLE OF CONTENTS
SECTION I. II. III. PAGE NO.

. INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 GENERAL INFORMATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 .. SYSTEMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 HULL, DECK AND SUPERSTRUCTURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 PROPULSION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 .. FUEL SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ... ELECTRICAL SYSTEM(S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 .. FRESH WATER SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 .. SANITATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ... AIR CONDITIONING AND HEAT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 . STEERING SYSTEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 .. GROUND TACKLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 .. ELECTRONICS AND NAVIGATION EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 THRU-HULLS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 ... SAFETY EQUIPMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 ..

IV. V. VI.

FINDINGS AND RECOMMENDATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 . SUMMARY AND VALUATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 .. PHOTOGRAPHS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31

"Sample Survey" surveyed by Tipton Marine Surveys- Lenoir City, TN 37771

TOC

I. INTRODUCTION
SCOPE OF SURVEY
Acting at the request of Removed for Privacy, the attending surveyor conducted an in the water Insurance Marine Survey of the "Sample Survey" a 1989 Silverton 34 Convertible, beginning on May XX, 201X at 09:15 A.M. through 2:30 P.M. where she was docked at Removed for Privacy. The weather was mild with temperatures rising to the mid eighties. The ship's papers were not available. The Hull Identification Number (HIN) (Removed for Privacy) was verified on the transom. Neither a sea trial nor an out of the water inspection of underwater machinery and the exterior of the hulls wetted surface area was performed. The reason for the survey, was to ascertain the physical condition and value of the vessel for Removed for Privacy for insurance renewal. AC and DC power was used to check the operation of the electrical systems specified in this report only. Electronic equipment was checked for ''power up'' only. No reference or information should be construed to indicate evaluation of the internal condition of the engines or the propulsion system's operating capacity. This vessel was surveyed without removal of any parts, including fittings, tacked carpet, screwed or nailed boards, anchors and chain, fixed partitions, instruments, clothing, spare parts and miscellaneous materials in the bilges and lockers, or other fixed or semi-fixed items. Locked compartments or otherwise inaccessible areas would also preclude inspection. The owner is advised to open up all such areas for further inspection. Further, no determination of stability characteristics or inherent structural integrity has been made and no opinion is expressed with respect thereto. This survey report represents the condition of the vessel on the above dates, and should not be considered an inventory or a warranty either specified or implied. 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 ASSOCIATION (NFPA) HAVE BEEN USED AS GUIDELINES IN THE CONDUCT OF THIS SURVEY. Any moisture readings taken and referenced within the body of the report, were taken with a Ryobi Moisture meter. The use of the word ''appears'' is intended to indicate that a close or complete inspection was not possible or it was not deemed appropriate at the time of this survey. The deficiencies reported herein reflect the conditions observed at the time the survey was conducted. Use of asterisks * in the body of the report will indicate that a finding will be listed in the Findings and Recommendations section pertaining to the asterisked item, following the body of the report. Where installation of double hose clamps are recommended throughout this report, it is understood that double clamps should only be installed where there is sufficient length "Sample Survey" surveyed by Tipton Marine Surveys Lenoir City, TN 37771 Page 1 of 34

I. INTRODUCTION
of tailpiece / pipe available and hose length overlap to allow correct installation. No clamp shall be installed closer than 1/4" to the end of the hose and must fully engage the tailpiece / pipe or fitting. Any clamp extending over the end may cause the hose to be cut internally or force the hose off the fitting and is an incorrect installation.

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I. INTRODUCTION
VESSEL DESCRIPTION
The "Sample Survey" is a 34' Silverton Convertible powered by twin Crusader 454 engines. She is well equipped and is built with an open deckplan. The vessel is entered via a cockpit transom door across a 30" swim platform that spans the breadth of the vessel. Standing on the aft deck you can climb the ladder to the bridge deck or enter the main cabin via a sliding glass door. The bridge deck is sheltered by a Bimini enclosure with clear vinyl providing all around visibility. There are two swivel seats provided for the captain and observer, along with a bench seat along the starboard bulkhead. A Full set of instrumentation along with VHF Radio and GPS Map Display along with a small chart table area is provided for the safe navigation of the "Sample Survey". Entering the main cabin via the sliding glass door one lands on an open seating area that is covered with tan carpeting. Curtained windows flow forwards along both sides of the vessel. The forward windows are blanked out with fabric coverings for privacy. The deck also provides access to the engine compartment through three removable panels. A small ladder leads down to the galley and dining area. The galley has a two burner glass cooktop, a stainless steel round sink, microwave and refrigerator. The dining area provides seating for five to six people and converts to a bed. Two access panels in the carpeted deck provide access to the main bilge. Continuing forward and to starboard is a head with enclosed shower stall, sink and marine toilet. At the head of the bow is the Master Stateroom a good sized cabin with island berth and cabinetry for personal item storage to each side. The large foredeck of the "Sample Survey" is accessed by catwalks equipped with grab rails on either side of the superstructure. It is enclosed by a continuous stainless steel railing system leading forward to and enclosing the anchor platform and windlass. The fore deck and catwalks are painted with a non skid coating for good traction.

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II. GENERAL INFORMATION

GENERAL INFORMATION
SURVEY PREPARED FOR: . . . . . . . . . . . . . . . . . Removed for Privacy

DATE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5/XX/201X NAME OF VESSEL: . . . . . . . . . . . . . . . . . . . . . . . TYPE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . . . OVERALL VESSEL RATING:. . . . . . . . . . . . . . . . ESTIMATED MARKET VALUE:. . . . . . . . . . . . . . ESTIMATED REPLACEMENT COST: . . . . . . . . YEAR/MAKE/MODEL OF VESSEL: . . . . . . . . . . BUILDER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HULL IDENTIFICATION NUMBER (HIN): ....... USCG DOCUMENTATION NUMBER:. . . . . . . . . STATE REGISTRATION NUMBER:. . . . . . . . . . . CLASSIFICATION: . . . . . . . . . . . . . . . . . . . . . . . . . OWNER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OWNER'S ADDRESS: . . . . . . . . . . . . . . . . . . . . . PLACE OF SURVEY: . . . . . . . . . . . . . . . . . . . . . . DATE/TIME OF SURVEY: . . . . . . . . . . . . . . . . . . . HULL MATERIAL: . . . . . . . . . . . . . . . . . . . . . . . . . . HULL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LENGTH OVER ALL (L.O.A).:. . . . . . . . . . . . . . . . BEAM: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DRAFT: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DISPLACEMENT (WEIGHT): . . . . . . . . . . . . . . . . OVERHEAD CLEARANCE: . . . . . . . . . . . . . . . . . PROPULSION SYSTEM: . . . . . . . . . . . . . . . . . . . . FUEL TYPE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FUEL CAPACITY: . . . . . . . . . . . . . . . . . . . . . . . . . . AC POWER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DC POWER: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Removed for Privacy Insurance Condition & Value ABOVE AVERAGE $43,100 $370,000 1989 Silverton 34 Convertible Silverton Marine, Millville, NJ STNC0090B989 Removed for Privacy Removed for Privacy Recreational Removed for Privacy Removed for Privacy Removed for Privacy May XX, 201X from 09:15 A.M. to 2:30 P.M. FRP (Fiber Reinforced Plastic) . Modified-V per Powerboat Guide 34' 6" per Powerboat Guide 12' 7" per Powerboat Guide 3' 2" per Powerboat Guide 13,500 Lbs per Powerboat Guide 13' 5" per Powerboat Guide Twin 350 HP Crusaders GASOLINE 300 US Gallons per Powerboat Guide 120 Volt 12 Volt

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II. GENERAL INFORMATION

FRESH WATER CAPACITY: . . . . . . . . . . . . . . . . HOLDING TANK: . . . . . . . . . . . . . . . . . . . . . . . . . . INTENDED USE/BUYER: . . . . . . . . . . . . . . . . . . . INTENDED CRUISING AREA: . . . . . . . . . . . . . . . 40 US Gallons per Powerboat Guide 28 US Gallons per Powerboat Guide Inshore Cruising Removed for Privacy

DEFINITION OF TERMS: The terms and words used in this report have the following meanings as used in this Report of survey: APPEARS - Indicates that a very close inspection of the particular system, component or item was not possible due to constraints imposed upon the surveyor (e.g. no power available, inability to remove panels, or requirements not to conduct destructive tests). FIT FOR INTENDED USE - Suitable for use intended by Survey Purchaser (present or prospective owner). SERVICEABLE or ADEQUATE - Sufficient for a specific requirement. POWERS UP - Power was applied only to determine if the system or component would energize. It does not validate the operation of any system or component unless specifically indicated. EXCELLENT CONDITION - New or like new. GOOD CONDITION - Nearly new, with only minor cosmetic or structural discrepancies noted. FAIR CONDITION - Denotes that the system, component or item is functional as is with minor repairs. (MONITOR OFTEN) POOR CONDITION - Unusable as is. Requires repairs or replacement of system, component or item to be considered functional. USE OF * - The use of * in the body of this report will indicate that a finding will be listed in the ''Findings and Recommendations'' section pertaining to the * item.

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III. SYSTEMS
HULL, DECK AND SUPERSTRUCTURE
HULL CONSTRUCTION
HULL: The hull of the "Sample Survey" is a modified V design with a moderate flare. The topsides are white gelcoat with a navy blue boot stripe. Black bottom paint is visible below the boot stripe and appears to be in serviceable condition. The topsides have a high gloss, are undamaged and do not show any sign of blistering. The stem is smooth and undamaged. Above the waterline Thru-hull fittings appear to be in good condition with little oxidation present. The vessel has a cockpit transom door that is free of blemish and operates smoothly. A 30" deep swim platform with boarding ladder is affixed to the transom the surface is sound and without blemish. Moisture readings taken at random intervals on the topsides and transom were unremarkable. The hull of the "Sample Survey" is structurally supported via four longitudinal stringers and three transverse bulkheads with additional intercostals. Tabbing appears to be sound where sighted, random percussion soundings on stringers and other structure was unremarkable. The bilges were fairly clean with a small amount of water in place. The limber holes were of adequate size and free of debris. The chain locker located forward was clean and dry with drainage leading into the bilge. The hull to deck joint sighted from the chain locker appears to be the Overlap type fastened with stainless steel fasteners every six inches and glassed over internally.

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III. SYSTEMS
HULL, DECK AND SUPERSTRUCTURE
SUPERSTRUCTURE
DESCRIPTION: The superstructure of the "Sample Survey" is molded FRP (Fiber Reinforced Plastic) affixed to the hull with an overlap joint. The cockpit is in good condition with fine finish on all surfaces. There is a paint blister in the top surface of the gunwhale approximately ten to twelve inches to starboard of the transom door. Deck drains located at the aft port and starboard quarters are of adequate size and free of debris. A hatch inset into the deck provides access to the Generator, Fuel Tank and Steering mechanism. The aft bulkhead is penetrated by a full width glass wall with integral sliding glass door. A ladder to port of the entry door ascends to the bridge deck. Sliding and fixed windows line both port and starboard bulkheads as well as the forward surface of the main cabin. Four 5" x 17" portals to port and starboard and a 23" x 23" hatch located at the bow above the Master Stateroom provide additional light and ventilation to the interior of the vessel. Catwalks to each side of the superstructure provide access to the bow. The vertical and non walking surfaces of the superstructure are in very good condition with a high gloss to all surfaces. The foredeck is clear and in very good condition. An anchor and windlass is located at the bow pulpit. All deck surfaces appear to be undamaged and do not flex with weight. Moisture readings taken at several locations indicated dry with no evidence of water penetration. The Bridge deck is a secondary molded FRP assembly laid atop the superstructure. The exterior bulkheads are bright with no visible damage. A blue canvas and clear vinyl enclosure surrounds the Bridge deck and is in like new condition. A stainless steel tube structure supports the enclosure and provides mounting for the antennae. Two vinyl Captain's chairs and a vinyl covered bench seat provide seating at the helm and for the bridge deck in general. All surfaces and materials are in very good condition with no tears or staining. The control panels at the helm are somewhat sun damaged and oxidized but remain readable and serviceable for their intended function. COCKPIT: *C1

DECK FITTINGS
BOW PULPIT (BOW RAIL): *C2 A one inch stainless steel bow rail and pulpit extends from midships forward on both sides ending at the pulpit. Some rust staining is evident at the base of the port side pulpit stanchion furthest forward.

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III. SYSTEMS
HULL, DECK AND SUPERSTRUCTURE
DECK FITTINGS (continued)
FENDER RACKS: Two fender racks are located at the bow to port and starboard of the pulpit. Each is equipped with two Polyform HTM-2 fenders in good condition. HATCHES: One aluminum and plexiglass 23''X 23'' on foredeck. Appears serviceable. CHOCKS AND CLEATS: Six (6) stainless steel 10''inch cleats with two fairleads aft in very good condition. GRAB RAIL: Stainless hand rails along sides of superstructure on vessel. In good condition. ANCHOR PLATFORM: Molded FRP platform with windlass installed. Appears serviceable.

ADDITIONAL EQUIPMENT AND ACCESSORIES

FENDERS: Four Polyform HTM-2 fenders located at bow in racks. Four Polyform HTM-2 fenders located at stern (three below aft deck, one in port quarter) in good condition. Three 17" fenders located below aft deck in good condition. DOCK LINES: Dock lines appear adequate and serviceable.

INTERIOR
DESCRIPTION: The interior of the "Sample Survey" is tastefully appointed in neutral colors with a nautical theme. The carpeting is in good condition with no staining or visible wear apparent. Window coverings are in good condition with no sign of fading or dry rot. Furniture positioned in the Main Cabin is of better quality aluminum framed furniture upholstered in a nautical motif. Each piece is in good condition. Additional chairs for use on the aft deck are stored to starboard. The galley fixtures are in good operating condition with no apparent defect. The dinette cushions are in good condition with no visible staining or extraordinary wear. The control panel for the Air Conditioning system is located above the dinette and functions normally. The head is located forward of the galley and is equipped with a self-contained shower, lavatory sink and marine toilet. All fixtures are in good condition. Storage appears to be adequate for a vessel of this size. Joinery of cabinetry and associated hardware is well made and without fault.

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III. SYSTEMS
HULL, DECK AND SUPERSTRUCTURE
GALLEY
LOCATION: Starboard side of main cabin. SINKS: Single stainless steel round sink. REFRIGERATION: Isotherm 12/24 Volt Refrigerator - In operating condition. Model # 1130EE1AA0000 Serial # 646081 STOVE/OVEN: EuroKera two burner glass cooktop. Appears serviceable. MICROWAVE: Samsung Microwave powers up. Model # MW4530W Serial # 81002221

PROPULSION
MAIN ENGINES
TYPE/MANUFACTURER/LOCATION: The "Sample Survey" is powered by twin Crusader 454 gasoline engines located midships under main cabin deck. The owner reports that the engines are less than four years old. NUMBER OF CYLINDERS/HORSE POWER: V8 / 350 HP per Powerboat Guide SERIAL NUMBER(S): Port Engine Model # C454LH Serial # 80213 Starboard Engine Model # C454RH Serial # 80191 INDICATED HOURS: 412.6 Hours per hour meter located at helm. THROTTLE CONTROLS: Morse / Teleflex single function throttle control. EMERGENCY SHUT DOWN: None sighted.

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III. SYSTEMS
PROPULSION
MAIN ENGINES (continued)
ENGINE MOUNTS AND BED: Engines mounts for both engines appear to be in good condition. DRIP PANS: None Sighted. LUBRICATION: Oil level indication is normal both port and starboard. Engine mounted spin on/off canister type filters. VENTILATION: Power blowers port and Starboard with flexible pick-up tubing . Natural, flow ventilation provided by hull vents. Appears adequate. EXHAUST SYSTEM: *C3 Raw water cooled with cast iron risers and flexible connection, 4'' to in line silencer exiting through port and starboard bulkhead mounted fittings. Hose to pipe connections are double clamped where sighted and appear serviceable. Fasteners at port side bulkhead where Port Engine exhaust passes through the bulkhead are corroded. FUEL PUMP: Engine mounted, appears serviceable on both engines. BILGE BLOWERS: Power blowers port and Starboard with flexible pick-up tubing. FUEL PUMP TO CARB HOSE: USCG Grade A1 FLAME ARRESTOR: Yes, USCG approved. FUEL FILTERS: *C4 Remote mounted spin on/off Fuel / Water separators mounted to aft bulkhead of engine compartment. Labeled 8/24/07 INSULATION: Aluminized sound deadening insulation was noted in engine room. Appears serviceable. ENGINE ALARMS: Low oil pressure alarm and coolant over heat warning audible at helm station. Serviceable. COOLING SYSTEM: Closed fresh water reservoir with heat exchanger and raw water cooled exhausts.

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III. SYSTEMS
PROPULSION
MAIN ENGINES (continued)
TRANSMISSION: Velvet Drive Transmissions Port Transmission - Ratio 1.52:1 Model # 10-18-004 Serial # 12336 Starboard Transmission - Ratio 1.52:1 Model # 10-18-004 Serial # 12388 PACKING GLAND: *C5 Flexible stuffing boxes are used for both propeller shafts. They are double clamped as required and appear to be in good condition. The starboard engine drip rate was about 30 drops per minute. The port engine was near zero. PROPELLER SHAFT: 1 1/4'' stainless steel. OVERALL CONDITION: The engines appear to be mechanically sound and are maintained in good condition. No excessive fluid or oil leakage was sighted. The engine room space was relatively clean and orderly. Port engine started up immediately when tested. Ran smoothly. Was unable to start starboard engine at time of survey, owner found that starboard transmission control lever was not at neutral position. After correction, engine started fine.

GENERATORS AND INVERTERS

TYPE/MANUFACTURER: Kohler 5 KVA Gasoline Generator located below aft deck. Generator is a closed assembly therefore, fuel pump, fluids and ignition protection for the unit was not checked. Kohler Model 5E Serial # 2030424 763.6 Hours per hour meter on generator. EXHAUST SYSTEM: Aqua lift type FRP (fiber reinforced plastic). Raw water cooled with metal canister, flexible coupling sections double clamped where sighted. Appears serviceable. NOTE: The generator was unable to be started during the course of the survey using the remote start switch located at the Main Electrical control panel. Owner stated after survey that the remote switch was not wired following generator replacement, generator starting must be accomplished at unit. Owner reported that generator started and ran immediately using panel at generator after the survey.

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III. SYSTEMS
FUEL SYSTEM
MAIN ENGINE(S) FUEL SYSTEM
FUEL TYPE: Gasoline TANKS/CAPACITY/MATERIAL: Single 300 Gallon (per Powerboat Guide) 5052 Aluminum tank. Size on label was not legible. LOCATION/SECURED: Located below aft cockpit deck. MANUFACTURING LABEL: The ABYC required labels were sighted on the fuel tanks. FILL PIPE LOCATION(S): Single deck fill located on starboard side deck marked for fuel. FILL PIPE GROUNDED: Yes Where sighted. VENT LOCATION: Port and starboard topsides, flame screens were sighted overflow overboard. FUEL LINES: Grade USCG type A1. Appears serviceable where sighted. SHUT-OFF VALVE: Yes. Ball valves at tanks. FUEL FILTERS: Remote mounted spin on/off filter/water separators mounted on aft engine compartment bulkhead.

ELECTRICAL SYSTEM(S)
ELECTRICAL SYSTEM (D.C. SYSTEM)
VOLTAGE/BATTERIES: The uses a 12 volt DC electrical system.

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III. SYSTEMS
ELECTRICAL SYSTEM(S)
ELECTRICAL SYSTEM (D.C. SYSTEM) (continued)
INSTALLATION/PROTECTION: *B1, B2 The Engine starting batteries are located in the engine compartment on centerline. The two 27DC6 engine batteries are strapped down and in spill trays. The positive (ungrounded) terminals are not protected as required in ABYC Standard Section E-10 (10.7). The four 27DC6 inverter batteries are located against the starboard bulkhead in the engine compartment. They appear to be on spill trays but the positive (ungrounded) terminals are not protected as stated above. MAIN BATTERY SWITCHES/LOCATION: *C6 Two main battery switches of the Perko brand rotary type switches are located under the tread of the second step of the ladder leading to the galley. PANEL/CIRCUIT PROTECTION: Over current Protection: Bus type fuses and circuit breakers. Location: Main Electrical panel, port side main cabin in side cabinet. Additional fuse box located in Engine Compartment adjacent to Engine batteries. TYPE CONNECTORS: Round Lugs, Captive type, where sighted. Appear serviceable. CONNECTORS/ROUTING/SUPPORT: *C7 Electrical conductors are routed and supported in compliance with ABYC E-11 where sighted with exception of some wiring poorly routed along the portside bulkhead of the engine compartment towards the stern. Several cables and wire in this area require additional support and routing. CHARGING SYSTEM: Protech-4 12 Volt / 20 Amp Battery Charger located on forward bulkhead of engine compartment. Appears serviceable. Model # 1220 Serial # B001877 OUTLETS: None Sighted. INVERTER: Roadpro RPPI-1500W Inverter installed in cabinet to starboard in main cabin. Tuned off at time of survey. Did not attempt to power-up. Vector VECO49GM 1000 Watt inverted installed in cabinet to port side of main cabin forward of main electrical panel. Turned off at time of survey. Did not attempt to power-up.

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III. SYSTEMS
ELECTRICAL SYSTEM(S)
ELECTRICAL SYSTEM (A.C. SYSTEM)
SHORE POWER INLET/CORD: Two (2) Marino 30 amp connections. Located in cockpit port and starboard bulkheads. Appear to be in very good condition. AC SOURCE SELECTOR SWITCH: Manual rotary type. AC / Generator selector switch for shore or ship power. Location: Main A.C. panel, Main Cabin. Appears serviceable. MAIN BREAKER: Located in the main electrical panel Main Cabin, port side cabinet. BRANCH BREAKERS: Located in the main electrical panel Main Cabin, port side cabinet. CIRCUIT LOAD MONITORS: AC Volt and Amps meters located on main electric panel. Operate normally. CONNECTORS/ROUTING/SUPPORT: Captive lug type. Well supported and routed. Appears serviceable where sighted. OUTLETS: Various A.C. outlets available throughout yacht, appear adequate and conveniently located. Tested ok for proper polarity, grounding and voltage drop. GFCI (ground fault circuit interrupter) tested OK. POLARITY: Polarity indicator located at main panel. Polarity also checked satisfactorily at all outlets. GALVANIC ISOLATOR: None Sighted.

FRESH WATER SYSTEM

FRESH WATER SYSTEM: (PORTABLE WATER)
TANKS/MATERIAL /CAPACITY: One polypropylene water tank, 40 gallons (per Powerboat Guide) located to starboard below aft cockpit deck. Appeared to be in good condition. FILL/VENT PIPE LOCATION: In Cockpit to starboard side marked Water. VENT PIPE LOCATION: Starboard topsides, aft quarter. PUMPS/ACCUMULATOR TANK: FloJet 3.3 GPM Automatic Water pump located below cockpit deck in aft starboard quarter. Operated normally. Model# 4405-143

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III. SYSTEMS
FRESH WATER SYSTEM
FRESH WATER SYSTEM: (PORTABLE WATER) (continued)
HOT WATER TANK: Atwood 10.5 Gallon 120 Volt / 1400 Watt Water Heater located against port bulkhead in engine compartment. Appears to be in good condition. DOCK SIDE PRESSURE REGULATOR: None Sighted.

SANITATION
SANITATION (BLACK/GREY WATER)
M.S.D TYPE USCG SYSTEM: Certification Type: MSD U.S.C.G. Type III. (Holding tanks) TYPE/MANUFACTURE: Wells Crittenden, Newport 1600 NUMBER OF HEADS LOCATION: Single head located to starboard and forward of the galley. RAW WATER SUPPLY AND CLAMPS: Raw water supply comes from seacock located in central bilge. Hose is double clamped and appears to be in good condition. HOSES AND CLAMPS: All hoses and clamps appeared to be of appropriate type and in like new condition. PUMP-OUT LOCATION: Port side of forward deck. MACERATOR: Jabsco Macerator 12 Volt DC Model # 18590-1000 "Y" VALVE(S): Yes, ''Y'' valve located below floor access panel outside of head. Properly padlocked closed as required by Federal Regulations. GREY WATER SYSTEM: Grey water from both sinks is piped directly overboard to starboard via above the waterline through-hulls. The shower drains into a sump where it is collected and pumped overboard to starboard via a Rule 800 GPM bilge pump. Appears to be in good operating condition. HOLDING TANK MONITOR: SeaLand SX12L Holding Tank Level monitor installed in head above sink. Appears operable.

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III. SYSTEMS
AIR CONDITIONING AND HEAT
AIR CONDITIONING AND HEATING SYSTEMS
TYPE/MANUFACTURE: The cabin temperature inside the "Sample Survey" is regulated by a single 115 Volt 12,000 BTU Marine Air Systems Unit located beneath the dinette in the galley. The control panel is located above the dinette in the port bulkhead. Model # VR12K-H Serial # 207-13B3001 RAW WATER COOLING PUMP: Raw water for the Air Conditioning system is provided through a seacock and co-located March 115 Volt pump located on centerline at the aft end of the engine compartment. Operated normally. All hoses and connections were double clamped and in good condition. CONDENSATE DRAIN: None Sighted.

STEERING SYSTEM
STEERING SYSTEM
TYPE/MANUFACTURE: Single station hydraulic system by Hynautic, where sighted appears serviceable. LINES AND FITTINGS: Reinforced flexible hose, with metallic fittings. Appears serviceable where sighted. UPPER RUDDER BEARING SUPPORT: Well mounted. Appears serviceable. PACKING GLAND: Bronze hex nut type packing gland. Appears serviceable. Monitor frequently.

GROUND TACKLE
GROUND TACKLE
ANCHORS: Hooker #22 Danforth style anchor located at bow with approximately eight to ten feet of galvanized 1/4" chain shackled to approximately 100' manila 1/2" line. Shackles are safety wired. Appears to be in good condition. A second Danforth style anchor of similar size is located below the aft cockpit deck on the starboard side. Unit is shackled to approximately 100' of 1/2" manila line. Appears to be in good condition. WINDLASS: Powerwinch 36' Class appears to be in like new condition. Not tested. Model # P77736

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III. SYSTEMS
GROUND TACKLE
GROUND TACKLE (continued)
HAWSE PIPE(S): Appears normal.

ELECTRONICS AND NAVIGATION EQUIPMENT

ELECTRONICS (NAVIGATION)
VHF: Uniden Oceanus DSC VHF Marine Radio located at helm. Powers up. Uniden handheld VHF Marine Radio located in Main Cabin. Did not test. GPS: Garmin 2006C GPSmap display installed at helm. Powers up. Model # 011-00742-10 Serial # 54611326 DEPTH SOUNDER: Lowrance Digital Depth Gauge installed at helm. Powers up. COMPASSES: 6'' Richie Compass located at helm station. Appears serviceable. ANTENNAS: All antennas sighted appear to be well mounted and in good condition.

ELECTRONICS (ENTERTAINMENT)
STEREO SYSTEM: Sony CDX-GT10W (AM/FM/CD) installed in Main Cabin port side cabinet. Powers up. SPEAKERS: Not sighted. TELEVISION(S): Sharp 22" LCD Television located in Main Cabin - Did not test. Model # LC-22DV24U Serial # 809853709

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III. SYSTEMS
THRU-HULLS
THRU-HULLS
THRU-HULLS ABOVE WATER LINE:

Abbreviation ACD Bilge BP DD DF EP SD Shwr VH Waste

Description AC Dischg Bilge Drain Bilge Pumps Deck Drain Deck Fill Exhst Ports Sink Drain Shower Drain Vent Hose Waste Pumpout

**Red Icon(s) with white text indicates inoperable item.

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III. SYSTEMS
THRU-HULLS
THRU-HULLS (continued)
THRU-HULLS BELOW WATER LINE:

Abbreviation ENGINE GEN PG SC TD

Description Engine Generator Pkng Gland Seacock Transducer

**Red Icon(s) with white text indicates inoperable item.

RAW WATER STRAINERS: Systems that use raw water for cooling use Bronze sight glass strainers. Main engines use under water mounted strainers. Appeared serviceable. NOTE: *B3 All seacocks were opened and closed satisfactorily with the exception of the unused Thru-hull with seacock immediately forward of the starboard engine. This seacock was not cycled and should be capped or locked in the closed position to prevent accidental opening.

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III. SYSTEMS
SAFETY EQUIPMENT
SAFETY EQUIPMENT (UNITED STATES COAST GUARD)
NUMBER AND TYPE OF PFD'S: Two inflatable life jackets located at Bridge appear serviceable. Five type III USCG approved life vests located at cockpit below ladder. Appear serviceable. Approximately six additional type III life vests located below seats at dinette. Appear serviceable. NUMBER OF THROWABLE PFD'S: Two Type IV-U.S.C.G. approved throwable device (Cushions) located at Bridge. Good condition. One Type IV - USCG approved throwable device (Life Ring) located exterior of aft bulkhead of Main Cabin. Good Condition. FIRE EXTINGUISHERS: Single type BI (2lbs) dry chemical without gauge located at Bridge. Appears serviceable. Two type B1 (2 3/4 lbs) dry chemical with gauge located in Main Cabin on aft bulkhead and at galley. Appears serviceable. VISUAL DISTRESS SIGNALS (FLARE KITS): *A1 Day/night visual distress signals are hand held flares. Located in port side cabinet in Main Cabin. Date on flares indicate that they are past expiration. SOUND DEVICES: Dual trumpet horn installed forward of Bridge. Operable. BELL< (12M-39'4"): Located on aft deck to port of entry door. NAVIGATIONAL LIGHTS: All Navigation lights operated correctly. INLAND NAVIGATION RULE BOOK< (12M-39'4"): None sighted. "NO OIL DISCHARGE" PLAQUE: Yes, found properly displayed in engine space. TRASH DISPOSAL PLACARD: Yes, but not properly displayed in the Main Cabin. FCC STATION LICENSE (VHF EQUIPPED ONLY): None Sighted. VENTILATION (GAS ONLY): Yes provided by power blowers in the engine and generator compartments. Appears serviceable.

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III. SYSTEMS
SAFETY EQUIPMENT
SAFETY EQUIPMENT (UNITED STATES COAST GUARD) (continued)
FLAME ARRESTORS (GAS ONLY): Yes, USCG approved.

AUXILIARY SAFETY EQUIPMENT

FIXED FIRE EXTINGUISHING SYSTEM: Fireboy Model 70CG Halon 1301 system installed in Engine room. Automatic thermal activation switch. No record of current inspection. SEARCH LIGHT: Jabsco Searchlight mounted forward of Bridge. Remote Control installed at helm Operated normally. FIRST AID KIT: None sighted. FUME DETECTOR ALARM SYSTEMS: None sighted. SMOKE DETECTOR: None Sighted. CARBON MONOXIDE DETECTOR: Located at aft end of dinette. Appears operational.

BILGE PUMPS
LIST: Rule-Mate 750 GPM Automated Bilge pump located in forward bilge. Drains to starboard. Operates normally. Rule-Mate 1100 GPM Automated Bilge pump installed in engine compartment bilge. Drains to port. Operates normally.

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IV. FINDINGS AND RECOMMENDATIONS

Deficiencies noted under ''SAFETY'' should be addressed before vessel is next underway. These findings represent an endangerment to personnel and/or the vessel's safe and proper operating condition. Findings may also be in violation of U.S.C.G. regulations. Findings noted under ''OTHER FINDINGS '' should be corrected in the near future so as to maintain standards and to help the vessel to retain it's value. Findings will be listed under the appropriate heading: A. B. C. SAFETY DEFICIENCIES OTHER FINDINGS NEEDING ATTENTION SURVEYORS NOTES AND OBSERVATIONS A. SAFETY FINDINGS (United States Coast Guard): A.1 (PAGE 20) VISUAL DISTRESS SIGNALS (FLARE KITS): Day/night visual distress signals are hand held flares. Located in port side cabinet in Main Cabin. Date on flares indicate that they are past expiration. FINDINGS RECOMMENDATIONS Flares are out of date. Provide current flares to Comply with USCG regulations for Visual Distress Signals.(CFR 175.125) B. FINDINGS NEEDING ATTENTION: B.1 (PAGE 13) INSTALLATION/PROTECTION: The Engine starting batteries are located in the engine compartment on centerline. The two 27DC6 engine batteries are strapped down and in spill trays. The positive (ungrounded) terminals are not protected as required in ABYC Standard Section E-10 (10.7). The four 27DC6 inverter batteries are located against the starboard bulkhead in the engine compartment. They appear to be on spill trays but the positive (ungrounded) terminals are not protected as stated above. FINDINGS RECOMMENDATIONS Forward most Inverter battery is leaking Investigate and repair or replace as needed. electrolyte.

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IV. FINDINGS AND RECOMMENDATIONS

B. FINDINGS NEEDING ATTENTION: B.2 (PAGE 13) INSTALLATION/PROTECTION: The Engine starting batteries are located in the engine compartment on centerline. The two 27DC6 engine batteries are strapped down and in spill trays. The positive (ungrounded) terminals are not protected as required in ABYC Standard Section E-10 (10.7). The four 27DC6 inverter batteries are located against the starboard bulkhead in the engine compartment. They appear to be on spill trays but the positive (ungrounded) terminals are not protected as stated above. FINDINGS RECOMMENDATIONS Engine starting and Inverter batteries are not installed in accordance with ABYC Recommendations. Specifically, covering the ungrounded terminals. 10.7.7 To prevent accidental contact of the ungrounded battery connection to ground, each battery shall be protected so that metallic objects cannot come into contact with the ungrounded battery terminal and uninsulated cell straps. This may be accomplished by means such as: 10.7.7.1 covering the ungrounded battery terminal with a boot or non-conductive shield, or 10.7.7.2 installing the battery in a covered battery box, or 10.7.7.3 installing the battery in a compartment specially designed only for the battery(s). NOTE: When batteries have both a stud and post arrangement, protection should preclude contact with any part of the terminal. NOTES: 1. Terminal insulation or battery covers do not provide compliance with this requirement since, during installation or removal of a battery, these protective devices are usually removed in order to connect the cables. "Sample Survey" surveyed by Tipton Marine Surveys Lenoir City, TN 37771 Page 23 of 34

IV. FINDINGS AND RECOMMENDATIONS

2. Any non-conductive material may be used for shielding as long as it is durable enough to withstand accidental contact by a tool or the battery terminals during servicing, installation or removal. 10.7.8.1 Batteries with a combination of side and top terminals shall comply with both the horizontal and vertical shielding requirements. Comply with ABYC recommendations. B.3 (PAGE 19) NOTE: All seacocks were opened and closed satisfactorily with the exception of the unused Thru-hull with seacock immediately forward of the starboard engine. This seacock was not cycled and should be capped or locked in the closed position to prevent accidental opening. FINDINGS RECOMMENDATIONS There is an unused, Below the Waterline Repair as required. Thru-hull with a seacock immediately forward of the starboard engine. This seacock should be securely capped or locked in the closed position to prevent accidental opening and flooding of the compartment. C. SURVEYORS NOTES AND OBSERVATIONS : C.1 (PAGE 7) COCKPIT: FINDINGS There is a blister in the top surface of the gunwhale approximately ten to twelve inches to starboard of the transom door. RECOMMENDATIONS Repair as necessary.

C.2 (PAGE 7) BOW PULPIT (BOW RAIL): A one inch stainless steel bow rail and pulpit extends from midships forward on both sides ending at the pulpit. Some rust staining is evident at the base of the port side pulpit stanchion furthest forward. FINDINGS RECOMMENDATIONS Some rust staining is evident at the base Disassemble, inspect and repair as required. of the port side pulpit stanchion furthest forward.

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IV. FINDINGS AND RECOMMENDATIONS

C. SURVEYORS NOTES AND OBSERVATIONS : C.3 (PAGE 10) EXHAUST SYSTEM: Raw water cooled with cast iron risers and flexible connection, 4'' to in line silencer exiting through port and starboard bulkhead mounted fittings. Hose to pipe connections are double clamped where sighted and appear serviceable. Fasteners at port side bulkhead where Port Engine exhaust passes through the bulkhead are corroded. FINDINGS RECOMMENDATIONS Fasteners at port side bulkhead where Investigate and repair as required. exhaust passes through are corroded. C.4 (PAGE 10) FUEL FILTERS: Remote mounted spin on/off Fuel / Water separators mounted to aft bulkhead of engine compartment. Labeled 8/24/07 FINDINGS RECOMMENDATIONS Fuel Filters labeled 8/24/07. Recommend replacement C.5 (PAGE 11) PACKING GLAND: Flexible stuffing boxes are used for both propeller shafts. They are double clamped as required and appear to be in good condition. The starboard engine drip rate was about 30 drops per minute. The port engine was near zero. FINDINGS RECOMMENDATIONS Starboard engine stuffing box drip rate is Monitor and repair as needed. about 30 drops per minute. Normal should be about six. C.6 (PAGE 13) MAIN BATTERY SWITCHES/LOCATION: Two main battery switches of the Perko brand rotary type switches are located under the tread of the second step of the ladder leading to the galley. FINDINGS RECOMMENDATIONS The compartment where the Main Battery Recommend this compartment be kept clear switches are located is filled with unrelated for immediate access to the battery switches. material.

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IV. FINDINGS AND RECOMMENDATIONS

C. SURVEYORS NOTES AND OBSERVATIONS : C.7 (PAGE 13) CONNECTORS/ROUTING/SUPPORT: Electrical conductors are routed and supported in compliance with ABYC E-11 where sighted with exception of some wiring poorly routed along the portside bulkhead of the engine compartment towards the stern. Several cables and wire in this area require additional support and routing. FINDINGS RECOMMENDATIONS Unsupported wiring in engine Comply with ABYC recommendations. compartment along port bulkhead does not comply with ABYC E-ll 11.14.6.9 Conductors shall be supported throughout their length or shall be secured at least every 18 inches (455mm) by one of the following methods: 11.14.6.9.1 By means of non-metallic clamps sized to hold the conductors firmly in place. Non-metallic straps or clamps shall not be used over engine(s), moving shafts, other machinery or passageways, if failure would result in a hazardous condition. The material shall be resistant to oil, gasoline, and water and shall not break or crack within a temperature range of -30F (-34C) to 250F (121C); 11.14.6.9.2 By means of metal straps or clamps with smooth, rounded edges to hold the conductors firmly in place without damage to the conductors or insulation. That section of the conductor or cable directly under the strap or clamp shall be protected by means of loom, tape or other suitable wrapping to prevent injury to the conductor; 11.14.6.9.3 By means of metal clamps lined with an insulating material resistant to the effects of oil, gasoline, and water. EXCEPTIONS: Exception to E-11.14.6.9: 1. Battery cables within 36 inches (914mm) of a battery terminal. "Sample Survey" surveyed by Tipton Marine Surveys Lenoir City, TN 37771 Page 26 of 34

IV. FINDINGS AND RECOMMENDATIONS

It is recommended that all below the water line thru-hulls have a proper sized wooden plug attached to function as emergency plugging device.

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V. SUMMARY AND VALUATION

STATEMENT OF OVERALL VESSEL RATING OF CONDITION:
It is the surveyor's training and experience that develops an opinion of the OVERALL VESSEL RATING OF CONDITION after the survey has been completed and the findings have been organized in a logical manner. The grading of condition, developed by BUC RESEARCH, and accepted in the marine industry, for a vessel at the time of survey, determines the adjustment to the range of base values in the BUC USED BOAT PRICE GUIDE, for a similar vessel sold within a given time period, as a consideration to determine the Market Value. The following is the accepted marine grading system of condition. (Source: BUC website.) ''EXCELLENT (BRISTOL) CONDITION'' - Maintained in mint or bristol fashion - usually better than factory new - and loaded with extras - a rarity. ''ABOVE AVERAGE (BUC) CONDITION'' - Has had above average care and equipped with extra electrical and electronic gear. ''AVERAGE (BUC) CONDITION'' - Ready for sale requiring no additional work and normally equipped for its size. ''FAIR CONDITION'' - Requires usual maintenance to prepare for sale. ''POOR CONDITION'' - Substantial yard work required and devoid of extras. ''RESTORABLE CONDITION'' - Enough of hull and engine exists to restore the boat to usable condition. As a result of my investigation, as shown in the SYSTEMS AND FINDINGS AND RECOMMENDATIONS section of this REPORT OF SURVEY, and by virtue of my experience and training it is my opinion that the "Sample Survey" should be considered to have an OVERALL VESSEL RATING: Above Average (BUC) Condition

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V. SUMMARY AND VALUATION

STATEMENT OF VALUATION:
The ''FAIR MARKET VALUE'' is the most probable price in terms of money which a vessel should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and 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 each acting in what they consider their own best interest. c. A reasonable time is allowed for exposure in the open market. d. Payment is made in terms of cash in U.S. 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. APPRAISAL METHODOLOGY: The following method of valuation was used to obtain the FAIR MARKET VALUE (FMV) of the vessel. A query was submitted to BUC.com, NADA, Boat Trader and Yacht World for boats matching the description 1989 Silverton 34 Convertible with twin Crusader 454 engines in an Above Average condition where possible. The results returned are as follows: BUC.com adjusted Fair Retail Value range: $38,800-$43,100 NADA average retail price for vessel as equipped: $31,305 Boat Trader - One listing at $34,900 Yacht World - Fifteen listings ranging from $9,500 - $49,900 with an average list price of $34,931. It should be noted that NADA does not consider vessel condition when calculating valuation. Additionally, the conditions of the listed boats on Boat Trader and Yacht World cannot be readily ascertained. But their average listing price indicates an appropriate median for a vessel in Average condition. Based on the exceptional material condition and soundness of this particular vessel the Fair Retail Value adjusted for Better Condition in the South Atlantic and Florida region calculated by BUC.com appears to be both a reasonable and appropriate Fair Market Value. Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel as detailed by BUC, it is your surveyor's opinion that the ''FAIR MARKET VALUE'' of the "Sample Survey" is: $43,100 Forty Three Thousand One Hundred Dollars 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. The ''ESTIMATED REPLACEMENT COST'' of the subject vessel as calculated by BUC.com is: $370,000 Three Hundred Seventy Thousand Dollars

SUMMARY:
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V. SUMMARY AND VALUATION

In accordance with the request for a marine survey of the "Sample Survey" for the purpose of evaluating its present condition and estimating its Fair Market Value and Replacement Cost for Insurance purposes, I herewith submit my conclusion based on the preceding report. The subject vessel was personally inspected by the undersigned on May XX, 201X from 09:15 A.M. to 2:30 P.M. and was found to be a well equipped and well constructed vessel. It has been maintained over its lifetime resulting in an overall better than average condition for a vessel of its age.

SURVEYOR'S CERTIFICATION:
I certify that, to the best of my knowledge and belief: 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 vessel that is the subject of this report, and I have no personal interest or bias with respect to the parties involved. My compensation is not contingent upon the reporting of a predetermined value or direction in value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulate result, or the occurrence of a subsequent event. I have made a personal inspection of the vessel that is the subject of this report. This report is submitted without prejudice and for the benefit of whom it may concern.

ATTENDING SURVEYOR:

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VI. PHOTOGRAPHS

Port Bow

Port side

Port Topsides

Starboard Bow

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VI. PHOTOGRAPHS

Starboard Side

Starboard Topsides

Bridge View

Helm

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VI. PHOTOGRAPHS

Main Cabin

Galley Dinette

Galley

Master Stateroom

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VI. PHOTOGRAPHS

Lavatory

Shower

Port Engine

Stern View

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