Ownership and General Data:

Date

10 August and 1 September 2005

File No.

901520

Survey Requested By

Mr. Thomas J. Kenny

Survey made at

Yank Marine Inc., Tuckahoe, NJ in dry-dock;

    10 Aug. 2005 ~ 10:00 – 15:00

While underway to marina;

    9 Sep. 2005 ~ 07:30 – 10:15

At Sunset Marina in Margate, NJ in water

    9 Sep. 2005 ~ 11:00 - 13:00

Owner

Mr. Thomas J. Kenny

Address

XXX

Name of Vessel

"Independence"

Port of Registry

Longport, NJ

Year, Make and Model of Vessel

1961 Chris Craft Constellation

Hull Identification Number

None, vessels construction preceded federal hull numbering regulations of 1973

Builder

Chris Craft

Builders Hull Number

CAA 55 – 008

Where Built

Pompano Beach, Florida

Date Built

November 1960 for model year 1961

Type of Vessel

Coastal pleasure cruiser, flush deck motor yacht

Length (L.O.A.)

57’ 6"

L.W.L.

54’

Beam

14’ 9"

Draft

3’ 8"

Shipping Weight

45,000 lb. - 22.5 ton

Tonnage, Gross

40 ton

Tonnage, Net

32 ton

Bridge Clearance

14’ & 7”

Documentation Number

Lloyds & U.S.C.G. – 286434

U.S.C.G. Documented for

Recreation

State Registration Number

None

Propulsion System

Two V-8 engines

Fuel Type

Diesel

Fuel Capacity

400 Gal. in (2) 200 gallon tanks

AC Power

220 Volt 50 Amps.

DC Power

12 volt and 32 volt

Fresh Water Capacity

125 gallons

Intended Use

Recreational – Near Costal Cruising

Intended Cruising Area

New Jersey coastal; Chesapeake Bay and Intracoastal to Virginia and Coastal Florida

Is Vessel Ever Let or Chartered

No

Owner’s Marine Losses during Past Five Years

None

Captain’s Experience

Marine background spanning 30+ years

Valuation:

Original Manufactures List Price (1961)

$86,890

Estimated Fair Market Value

$120,000

Estimated Replacement Cost

$1,100,000

Would This Vessel be a good fire and marine risk

Yes

Hull:

Construction

The vessel is double planked mahogany carvel construction on transverse sawn and steam-bent white oak frames, fastened with bronze screws and bolts. The transom is of mahogany. Planking is fastened to frames, seam battens and to the stem and transom. The planks are set edge to edge to forma smooth hull; it is also seam battened. That is, Chris Craft utilizes a batten over seam on the inside of the hull. Butt blocks are installed As part of the longitudinal system), that are shaped short planks that connect the buts of conventional planks.

Hull Type

The hull is hard chine, modified V, planning type.

Hull Material

Mahogany and White Oak

Exterior Hull Condition

Above the water line

The topsides are 6” x ⅞" planks on batten seams. The hull was sighted and was free of fractures and stress cracks. A stainless steel rail is fitted to the mahogany rubrail.

Finish

The finish is roller painted. Paint is holding well. Smooth and fair. Seams are good.

Color

White from boot top to upper spray rail. Dark Blue from upper spray rail to gunwales

Below the water line

The bottom is double planked with 6” x ⅞" longitudinal mahogany planking on top of ½" plywood. The bottom was sighted and was free of fractures and stress cracks. No visible damage observed

Finish

The finish is roller painted with anti–fouling marine finish. Paint is holding well. Smooth and fair. Seams are good.

Color

Blue

Portlights

11 on each side. Total 22 fitted with fiberglass inserts. The all appear to be the original Algonac Brass Works portlights that were made for Chris Craft.

Bulkheads

4 – partial transverse, ¾” marine mahogany plywood

Location

1 – forward of galley
1 – forward of engine compartment
1 – aft engine compartment
1 – aft of owners cabin

Stringers

Main hull stiffness provided by wood longitudinal white oak stringers running from stern to forward bulkhead

Stringer Condition

The stringer system appeared to be well fastened, un-decayed and in sound structural condition.

Type of Stem

White Oak - appears sound. Butt joint between lower stem and forefoot appears tight and secure.

Type of Transom

Mahogany – appeared sound. The planking appeared tight to the frames

Fastenings

Fastened with #12 – silicon bronze screws.

Bilge

Reasonably clean

Keel

Type

Scarf jointed timber

Condition

White oak – appeared sound where accessible for inspection. Sighting of keel line revealed no abnormalities

Floor Beams, Size and Material

3 ½” x 1 ½” White oak on 20’ centers

Limber Holes

Adequate in size and free of debris

Frames

White oak

Framing Size and Material

White oak, alternating steam-bent and sawn.

Topside main frames above the chine are 1 ½” x 3 ½” on 27 centers.
Topside intermediate frames above the chine are 1 1/8” x 1 ¾” on 26 ½” centers

The sawn main frames are notched to receive 7/8” x 1 ¾” longitudinal battens that cover the interior side of the plank seams.
The bottom frames below the chine are doubled with dimensions of 2 7/8 x 4 ½”.
The frames continue from the topside to a point just short of the white oak keelson. The keel is fastened with bronze bolts.

Garboard

Appears Adequate

Wormshoe

In tact. Good cosmetic condition

Underwater Sections General Condition

Generally fair and free of corrosion

Refastened

Ongoing since 1998

Hull Ventilation

Adequate

Bilge Ventilation

Adequate

Swim platform

Teak swim platform with fold down stainless steel boarding ladder. The ladder is fitted with teak treads

Deck Construction:

Type

Striped 5” board with caulked seams

Material

Teak

Planking

½” teak over ½” sealed sheathed marine plywood. No splits or other damage, no planks required replacement

Caulking

No deck caulking failure was noted

Bungs

Good condition

Cockpit

Teak

Weather Hatches

Location

Fore deck

Round 20” cast bronze frame with teak hatch Fitted with safety glass. Hatch has soft rubber seal. It is also used for an emergency exit for the forward guest cabin.

Water Intrusion Signs

No sign of water intrusion, wood rot or stress cracks

General Condition

Good cosmetic condition

Aft deck

Round 20” cast bronze frame with teak hatch Fitted with safety glass. Hatch has soft rubber seal. It is also used for an emergency exit for the owner’s cabin.

Water Intrusion Signs

No sign of water intrusion, wood rot or stress cracks

General Condition

Good cosmetic condition

Hull to Deck Joint:

Type

Wood carling fitted to shear, covered with plywood sub decking.

Fasteners

Through-bolt stainless steel nut and bolts on 8” centers

Bedding Compound

Elastic polysulfide

Reinforcement

Fasteners have flat washers in place

Deck Fittings:

Pulpits, Life Rails & Stanchions

Fit for intended use. Stainless steel stanchions with varnished mahogany handrails run the perimeter of the fore, side and aft deck. Stanchions and lifelines are secure. Cast bronze bases are through-bolted with stainless steel bolts, backer plates, washers, and lock nuts. The height conform to the 30 – 32” height standard. The installation method is common for the size and class of vessel. Good cosmetic condition.

Toe Rail

Fit for intended use. 3” varnished mahogany. Good cosmetic condition.

Ventilation

Fit for intended use. 20” round mahogany hatch with safety glass on the fore deck Two chromed cast bronze air scopes located amidships on the caprail supply air to the engine compartment. Good cosmetic condition.

Scuppers

Fit for intended use. Four - 4” scuppers for drainage:

2 amidships - port and starboard. Good cosmetic condition;

2 aft deck - port and starboard. Good cosmetic condition.

Discharge

Discharged overboard

Location

Port & Starboard side hull above the water line

Hose

Series 120 Bilgeflex PVC 1 ½” ID

Hose run

Flows through individual cast bronze through-hull fitting

Clamps

Appears serviceable. Secured with worm screw, stainless steel, band, marine grade fastener.

Deck Fittings, Chocks and Cleats

Fit for intended use.

The bow is fitted with a chromed cast bronze bow lead and mahogany Samson post.

The side decks are fitted with 2 - 12” chromed cast bronze mid-rail closed chocks and 2 - 10” chromed cast bronze torpedo style cleats.

There is a chromed cast bronze Samson Post 6" high and 6' square each side of the aft deck at the stern.

All are through-bolted with stainless steel bolts, backing plates, washers and nuts. The installation method is common for the size and class of vessel. Good cosmetic condition.

Hawse Pipe

Fit for intended use. 2 chromed cast bronze 6-1/4" x 4-1/2" oval on bow to feed anchor rode into locker. Good cosmetic condition.

Deck-box

Large storage area beneath cabin house seat on the foredeck

Deck Surface

Teak decking - fore, side and aft

Cabin Superstructure:

Material

Panted fiberglass molded cabin top

Windows

Side

Large sealed windows on the sides. No sign of water intrusion, wood rot or stress cracks.

Windshield

Three large panel windshield

Wipers

Fit for intended use. Each window fitted with a heavy-duty 12-volt DC electric wiper. Units powered up.

Paintwork