Giorgi 46
Contact Seller
XPresented For Sale By:
Yacht View Brokerage LLC Annapolis
United States
| Make | Giorgi |
|---|---|
| Model | 46 |
| Year | 1993 |
| Condition | Used |
| Price | US$69,900 |
| Type | Power |
| Class | Cruiser (Power) |
| Length | 14.02 m |
| Fuel Type | Diesel |
| Hull Material | Fibreglass |
| Location | Herald Harbor, Maryland, United States |
| LOA | 14.02 m |
|---|---|
| Beam | 4.24 m |
| Max Draft | 0.86 m |
| Displacement | 26500 lb |
| Cabin Headroom | 1.96 m |
| Engine Type | Inboard |
|---|---|
| Engine Make | Caterpillar |
| Engine Model | 3208 |
| Fuel Type | Diesel |
| Engine Year | 1993 |
| Power | 425 hp |
| Drive Type | Direct Drive |
| Engine Location | Port |
| Propeller Type | 5 Blade |
| Propeller Material | Bronze |
| Engine usage (hours) | 1000 |
| Engine Type | Inboard |
|---|---|
| Engine Make | Caterpillar |
| Engine Model | 3208 |
| Fuel Type | Diesel |
| Engine Year | 1993 |
| Power | 425 hp |
| Drive Type | Direct Drive |
| Engine Location | Starboard |
| Propeller Type | 5 Blade |
| Propeller Material | Bronze |
| Engine usage (hours) | 1000 |
| Covers |
|
|---|---|
| Electrical Equipment |
|
| Electronics |
|
| Inside Equipment |
|
| Outside Equipment/Extras |
|
| Guest Cabins | 2 |
|---|---|
| Guest Heads | 2 |
| Fuel Tanks | 370 gal |
| Fresh Water Tanks | 158 gal |
| Holding Tanks | 50 gal |
| Hull Shape | Planing |
| Trim Tabs | Yes |
Description
** Beautiful yacht ready for your personal inspection in Annapolis, 15 minutes from BWI airport! **
"Our Joy", a 1993 46' Giorgi was delivered on 11/4/2025 by her seller to my complimentary docks on the Severn river, 15 minutes from Downtown Annapolis or BWI airport! Easy to see and demo!
"Our Joy" price reduced from $75,000.00 to $69,900.00 on 12/3/2025!!
"Our Joy" is turn key for cruising the Chesapeake and beyond this fall/winter and is still in the water, other than her main engines, all has been winterized!
"Our Joy" is a custom refit Giorgi yacht, Built in Italy. This is a very unique yacht, with great lines and lots of interior and exterior room to relax and enjoy! She is beautiful and ready for her next owner.
With her low hour (+/-) 1000 original hours) Caterpillar 3208 (450 HP) diesels, she cruises effortlessly at 26 knots and tops at 31 knots! New impellors and oil changes for both engines and generator! Seller reports all systems fully operational and should treat the next owner with seasons of great memories~! Full Engine room access easy with removable floorboards.
Take a look at her European style and simplicity, she turns heads everywhere she goes! Sleeps 6 in 3 cabins including her crew quarters in her aft deck! She is a lot of boat for her price! Must see to really appreciate her custom hard top and comforts!
Recent Upgrades include:
46" TV
New impellors Main engines and gen set 9/25
Oil Changed Mains and gen set 9/25
Air conditioner control panel
New Through hull valves
New injectors Stb engine
Spare A/c Pump
Fall 2019 Pre-Listing survey report
Bayshore Marine Surveys
2739 Ebbvale Road
Manchester MD 21102
410 808 3849
E-Mail: [email protected]
The purpose of an Insurance Survey is to assess the current condition of the vessel includes safety, structural integrity, on-board systems, cosmetic appearance, and overall maintenance.The report presents information on the overall vessel rating and value.
1993 46' Giorgi powerboat
Scope of Survey
Acting at the request of Norman Greene, the attending surveyor did attend on board the 1993 46 foot Giorgi Powerboat, beginning on May 14,2019 , systems inspection on June 3,2019 and sea trial on October 22,2019 at Harbor Haven Marina, Rock Hall, MD where the out of the water survey and in the water systems inspection trail were performed. The owner was on board at time of survey.
This survey is to ascertain the condition of the hull, deck and structure
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 bilge’s and lockers, or other fixed or semi-fixed items. Locked compartments or otherwise inaccessible areas would also preclude inspection. 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 expresses with respect thereto. This survey report represents the condition of the vessel on the above dates, and is the unbiased opinion of the undersigned, but it is not to be considered an inventory or 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 REGUTIONS (CFR), AND THE VOLUNTARY STANDARDS AND RECOMMENDED PRACTICES DEVELOPED BY THE AMERICAN BOAT AN YACHT COUNCIL (ABYC) AND THE NATIONAL FIRE PROTECTION ASSOCIATION (NFPA) HAVE BEEN USED AS GUIDELINES IN THE CONDUCT OF THIS SURVEY.
The uses 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 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.
GENERAL INFORMATION
FILE NUMBER………………………..
10/2019 S67
SURVEY PREPARED FOR………….
Norman “Jay” Greene
NAME OF VESSEL……………………..
Our Joy
TYPE OF SURVEY……………………...
Condition and value
OVERALL VESSEL RATING………….
Above Average
ESTIMATED MARKET VALUE………
$165,000.
ESTIMATED REPLACEMENT VALUE ….
$354,400.
YEAR/MAKE/MODEL OF VESSEL….
1993 46 Open Goirgi
BUILDER……………………………….
Goirgi Shipbuilding Italy
YEAR BUILT……………………………
1993
MODEL YEAR………………………….
1993
MODEL OF VESSEL…………………..
46 Open
HULL IDENTIFICATION NUMBER
(HIN)……………………………………..
MDZ35083F393
REGISTRATION/DOCUMENTATION NUMBER……….
1190029
PLACE OF SURVEY……………………
Rock Hall, Maryland
DATE/TIME OF SURVEY……………..
06/03/2019- 10/22/2019
HULL MATERIAL……………………..
Solid Fiberglass
HULL TYPE……………………………..
Planeing Modified “V” and Flared Bow
LENGTH OVERALL (LOA)…………...
46'
BEAM…………………………………….
13’7”
DRAFT……………………………………
Approximately 4 foot
PROPULSION SYSTEM……………….
Twin Diesel inboards
FUEL TYPE……………………………..
Diesel
FUEL CAPACITY……………………….
1400 liters
AC POWER………………………………
Yes 220 volt
DC POWER………………………………
Yes 24 volt
FRESH WATER CAPACITY…………..
350 Liters
HOLDING TANK………………………..
51 Gallons
INTENDED USE/BUYER……………….
Recreation Cruising
INTENDED CRUISING AREA………...
Coastal
INTENDED USE…………………………
Recreational Cruising
Coast Guard Vessel Documentation
Data found in current database.
Vessel Name:
OUR JOY
USCG Doc. No.:
1190029
Vessel Service:
RECREATIONAL
IMO Number:
*
Trade Indicator:
Recreational
Call Sign:
*
Hull Material:
FRP (FIBERGLASS)
Hull Number:
MDZ35083F393
Ship Builder:
*
Year Built:
*
Length (ft.):
46
Hailing Port:
WILMINGTON DE
Hull Depth (ft.):
Gross Tonnage:
27
Net Tonnage:
21
DEFINITION OF TERMS
The terms and words used in this report have the following meanings as used in this Report of Survey:
The following is the accepted marine grading system of condition:
“EXCELLENT (BRISTOL) CONDITION”, is a vessel that is maintained in mint or bristol fashion – usually better than factory new- loaded with extras – a rarity.
“ABOVE AVERAGE CONDITION”, has had above average care and is equipped with extra electrical and electronic gear.
“AVERAGE CONDITION”. Ready for sale requiring no additional work and normally equipped for her 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.
APPEARS:
Indicated 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.)
FITTED FOR INTENDED USE:
Use which is intended by Survey Purchase (present or prospective owner).
APPEARED SERVICEABLESufficient for a specific requirement.
POWERS UP:
Power was applied only. This does not refer to the operation of any system or component unless specifically indicated. The following is the accepted marine grading system of condition:
“
- * Per Manufacturer’s Specifications
- ** Refer to Summary and Valuation Section
- *** Per USCG Documentation
- ****Per BUC Book
HULL DECK AND SUPERSTRUCTURE
STATUS
Hull Construction
The hull is constructed of multiple layers of fiberglass cloths and resin. There is no evidence of major repairs The hull sides finish is white gel coat, with blue feature stripe. Random metering, with a Skipper Moisture Meter, indicated no significantly elevated moisture content. Moisture Meter, levels are -Low
Construction appears to be consistent commonly with accepted boat building practice.
Skipper Moisture Meter, levels are -Low
Appeared Serviceable
Deck Construction
The decks and superstructure is constructed of multiple layers of fiberglass cloth, core material, and plastic resin. Percussion sounding revealed no areas of delaminating or deterioration. There is no evidence of major repairs. Random metering, with a Skipper Moisture Meter, indicated areas of elevated moisture content. This is normal for a vessel of this age.
The deck to hull joint appears secure throughout the length of the vessel.
The decks and superstructure appear to be in good condition for the year and use of the vessel. There are spider cracks in the gelcoat. This normal for this age of vessel.
Construction appears to be consistent commonly with accepted boat building practice
Appeared Serviceable
.
Structural Members
Three full bulkheads, fiberglass encapsulated and longitudinal stringers and frames, molded fiberglass pans and liners, cabinet and joiner work. There is no evidence of major repairs
Construction appears to be consistent commonly with accepted boat building practice
Appeared Serviceable
Fastenings and hardware
Hardware is attached with stainless steel nuts, bolts and washers. Structural members are fastened to the hull with fiberglass cloths and resin There is no evidence of significant leaking at the attachment of hardware and attachments appear to be secure. No fastenings were removed in order to evaluate the condition.
There is a round hatch on the forward cabin top that is new for the 2017 season.
The tempered glass windshield is also new for the 2017 season.
Construction appears to be consistent commonly with accepted boat building practice.
Appeared Serviceable
.
PROPULSION and GENERATION
Propulsion Engines
(2), 450 horsepower, Caterpillar model 3208, 8-cylinder diesel engines are mounted on flexible motor mounts on steel beds below the salon deck and coupled to direct drive ZF transmissions.
Rebuilt starters and alternators. Cooling intake hoses are in good condition. Drive belts are in Good condition. he engines and fuel tanks were serviced and are now operating.
Installation appears to be incompliance to ABYC standards
Serial Numbers-P-61Z5912
S-61Z5917
Engine Hours-P-127 S-127 Add 566 Hrs on old gauges
Operational
The vessel is equipped with an Mace 710 B Diesel powered auxiliary generator installed behind the main engines
Pickup hose is in good condition. The generator is new for the 2018 season. Generator operated under full load.
Operational
Comments on Machinery and Mechanical Systems
NOTE: It is recommended and understood that all engines be surveyed by a qualified Engine Surveyor to determine the condition of the engines, gears, heat exchangers, coolers etc.
The engines and fuel tanks were serviced and are now operating.
SYSTEMS
ELECTRICAL STATUS
DC Batteries
.There are 6-6volt batteries for the house system and 2- 24volt banks for starting, all are secure with rubber caps on the + terminals.
Installation appears to be in compliance to ABYC/NFPA/CFR standards
USCG CFR 33-1835-42 Continually energized parts such as battery terminals and both ends of connecting wires shall be protected with rubber boots.
USCG CFR 33-183.415 Each battery shall not move more than 1 inch in any direction when a pulling force of 90LBs is applied.
Operational
Battery
Charger or Inverter
There is a 30-amp Charles marine battery charger mounted on the bulkhead and a 300 watt inverter/charger in the aft cabin.
Installation appears to be in compliance to ABYC/NFPA standards
Operational
Battery Switch
Marine quality battery switch mounted in the Starb side cockpit compartment
Installation appears to be in compliance to ABYC standards
Operational
DC Wiring
12/24 Volt service. Where inspected, wiring is found to be multiple stranded copper wire securely installed, well parceled and identified in accordance with accepted boat building practice. Routing is wire tied and secured about every 10” System is new
Installation appears to be in accordance with ABYC Standards and accepted boat building practice.
Operational
AC Wiring
110 volt, 50-amp service. Where inspected, wiring is found to be multiple stranded copper wires, grounded and installed in accordance with accepted boat building practice. Routing is wire tied and secured about every 10” system is new
Installation appears to be in accordance with ABYC Standards and accepted boat building practice.
Operational
Circuit
Protection
Circuits are protected by trip type breakers and in line fuses.
Appeared Serviceable
Wire
Connections
Wires are found to be connected with crimped on ring, captured spade and butt connectors.
Appeared Serviceable
Both the AC and DC systems have been entirely replaced to ABYC Standards.
FUEL SYSTEM
STATUS
Fuel Tanks
(2) Welded aluminum fuel tanks are securely installed outside of the engines Total fuel 1400 liters
.
Installation appears to be incompliance to ABYC/NFPA standards
Operational
Fuel Tank Vents
5/8" Inside diameter USCG type A-1 rubber hose is vented over board.
Installation appears to be in compliance to ABYC/NFPA standards
Appeared Serviceable
Fuel Dvl. Hoses
Fuel supply hoses are USCG A1 rubber fuel hose with clamps. Single clamps on hoses. Installation appears to be in compliance to ABYC/NFPA standards
Appeared Serviceable
Fuel Fill
(2) 1-1/2" ID aluminum fittings at the portside deck and starb. Starboard side deck Deck fittings are attached to the fuel tank with B-1 1-1/2" inside diameter rubber fuel hose. Fuel fill hoses appear to be in good condition. Fills are located port and starb side deck
Fills are marked Diesel
Appeared Serviceable
Fuel Shut Off Valves
1/4 turn shut off valves at a fuel supply manifold located at the top of the tank.
Installation appears to be in compliance to ABYC/NFPA standards
Appeared Serviceable
Power Blower
Natural Ventilation
Ducted side vents in the engine and fuel compartment in accordance with accepted boat building practice. No tests were conducted to confirm airflow or rate of air exchange.
Appeared Serviceable
Fuel Pumps
Mechanical fuel pumps and fuel injectors on the propulsion engine, and the auxiliary generator. There was no evidence of leaks at the fittings.
Installation appears to be incompliance to ABYC/NFPA standards
Appeared Serviceable
Fuel Gauges
Gauges at helm
Operational
Fuel Filters
Racor, water separator fuel filters on fuel supplies on the main propulsion engine as well as the auxiliary generator. The fuel in the sight bowl of the filters appears to be clean. The equipment is considered sufficient for the size and class of vessel.
Appeared Serviceable
HULL FITTINGS & PIPING
STATUS
Through Hull Fittings
Fittings above the vessel’s static water line are marine quality plastic. Fittings below the vessel’s static water line are marine quality bronze. No fittings were removed for inspection. There is no evidence of significant deterioration of any of the fittings and attachments appear to be secure.
Appeared Serviceable
Shut Off Valves
1/4 turn sea cocks on all through hull fittings below the vessel’s static water line in accordance with accepted boat building practices.
Operational
Hoses
Hoses in the vessel’s plumbing systems are PVC, flexible plastic and semi rigid pipe. Some hoses were noted to be in good condition.
Appeared Serviceable
Clamps & Connections
Hoses are secured with worm screw stainless steel band fasteners and compression fittings.
Appeared Serviceable
Bilge Pumps
(3) 12 volt pumps in the bilge. Pumps are fitted with automatic float switches, which are in operating order.
These systems are new
High water Alarm: Yes
ABYC Standard 22.7.3 On boats with an enclosed accommodation compartment, an alarm shall be installed indicting that bilge water is approaching maximum bilge water level.
Operational
Cockpit Drains
(2) Freeing ports at the after end of the cockpit for draining normal accumulations of rainwater and sea spray. The vessel’s cockpit is self-bailing.
Appeared Serviceable
DECK HARDWARE & ATTACHMENTS
STATUS
Deck Fittings & Cleats
Deck fittings are marine quality material secured with Bronze or stainless steel nut, bolts and washers. Construction appears to be consistent commonly with accepted boat building practice
Appeared Serviceable
Pulpits & Life Rails
Aluminum rails around vessel bow rail has small cracks
SEE RECOMMONDATIONS
B-1
POTABLE WATER SYSTEM
STATUS
Water Tanks
1- 350 liter stainless steel water tank installed beneath the cabin sole.
Appeared Serviceable
Delivery Pumps
(1) 24- volt pressure activated pumps and expansion tank are secured in the engine room. The plumbing attachments and the water system were in operating order.
Not checked
Water Heater
8-gallon marine grade electric hot water heater securely installed in the bilge space beneath the aft cabin sole. The capacity is adequate for the size and class of vessel. Installation appears to be incompliance to ABYC standards
Not checked
HEAT & AIR CONDITIONING SYSTEMS
STATUS
Air Conditioning and Heating System
(2) Cruise air reverse cycle units are BTU rating-16.000. this system has 2 new compressor units for the 2018 season. The unit is reverse cycle for heat and air conditioning Installation appears to be incompliance to ABYC standards
Operational
GALLEY FACILITIES
STATUS
Refrigeration/Ice Box
There is a isotherm refrigerator in the galley, new in 2018
Operational
Cook Stove
There is 2-burner induction 120Volt cooktop in the galley.
Operational
WASTE & SANITATION SYSTEMS
STATUS
Marine Toilets
There are 2 Jabsco fresh water toilets in the main cabin the system and holding tank are new in 2018. The aft toilet is not operational. And is piped off.
Operational
Showers
Standup shower stalls in the master cabin and main cabin head. Water is accumulated in a sump below the cabin sole and pumped overboard..
Appeared Serviceable
SAFETY EQUIPMENT & GEAR
STATUS
PFD’S
There were (1) USCG Type III children’s life vests aboard and (3) USCG Type II adult life vests in sea bag aboard. In addition there were numerous throw able devices.
USCG CFR 33-175.17 No person may use a recreational vessel unless at least one PFD is on board for each person.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
Navigation Lights
The navigation lights confirmed to meet the requirement set forth in international navigation rules.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
Fire Extinguishers
(3) B-1 dry chemical fire extinguishers, located in the galley, helm, in forward cabinet area. The equipment aboard is current.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
Visual Signal Devices
Flares on board expire Sept 2020.
The equipment fails to meet the minimum Federal carriage requirements for the size and class of vessel.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
Audible Signal Devices
Hand held horn and a ship bell. Bell is not mounted.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
The equipment meets the minimum Federal carriage requirements for the size and class of vessel.
Ground Tackle
10 35 kg Bruce shackled to 150’ of galvanized chain. In addition, there is an electric anchor windlass operated from the helm and bow deck. This equipment is considered sufficient for the size and class of vessel.Chain stopper-yes
ABYC Standard H-40-4.4.3.2 On boats equipped with anchor windlass shall be equipped with a chain/ rode stopper to transfer the load from the windlass to the mounting platform.
Operational
Dock Lines
There are 10 docklines on board
Serviceable
Fenders
.
There are 4 large fenders on board
Serviceable
NAVIGATIONAL EQUIPMENT
STATUS
Compass
Oil filled magnetic compass at the helm position,
Appeared Serviceable
Radiotelephone
There is a Icom M506 VHF radio at the helm
Operational
GPS/Chart plotter/ Radar
There is a 2 screen Maritron/Noble tine unit at the helm.
Operational
Depth Finder
The D/F is on the main engine screen
Operational
Steering and Trim Tabs
There is Sea Star hydraulic steering
Bennett hydro/ electric trim tabs
Operational
No power
Other Equipment
PC with nav software
Hydraulic transom ramp
Operational
Operational
ENTERTAINMENT EQUIPMENT
STATUS
Radio
There is a Kenwood stereo at the helm
Operational
Televisions
There is a Samsung 42” flat screen in the cabin .
Operational
Lights
The vessel is fitted with LED lights thru out
Operational
MAINTENANCE & UPKEEP
STATUS
Hull Finish
The hull is finished with white gel coat in good condition, There are a few surface spider cracks in the gel coat . The moisture meter does not indicate elevated moisture.
Serviceable
Interior Finishes
Wood cockpit sole, cloth and vinyl fabric liners on the bulkheads in the cabin areas.
Serviceable
Upholstery
Cabin seat and berth cushions are cloth fabric upholstered and cockpit seat cushions are vinyl fabric upholstery. Cabin seat and berth cushions have been recovered
Serviceable
Bilges
The bilges areas are clean and dry.
Appeared Serviceable
CANVAS & COVERS
STATUS
Canvas & Covers
All exterior panels are new for the 2018 season
Serviceable
SEA TRIAL
Sea Conditions: Flat on Chester River, 2 adults, on board, Seawater temp 58 degrees. All gauges worked. Oil pressure 72/68 PSI, Engine water temp.207/212 degrees, Exhaust manifold temp 110/ 118 degrees Vessel topped out @ 2750 RPM. Cruised at 2400RPM. All systems worked properly. Back down- motor mounts showed no play.
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.
Deficiencies noted under “Other Deficiencies” should be corrected in the near future so as to maintain standards and to help the vessel to retain its value.
- SAFETY DEFICIENCIES AND OTHER MAJOR CONCERNS
FINDINGS
RECOMMENDATIONS
1- Cracks in bow rail uprights Mechanical repair
SUMMARY AND VALUATION
I first surveyed this vessel in October 2014. The current owner was undertaking the vessel as a project. Work has progressed nicely. The new systems are being installed to ABYC standards. A sea trial was performed and went well. The work is now complete to a high standard and the safety gear is on board. The vessel is comfortable and runs well.
STATEMENT OF OVERALL VESSEL RATING OF CONDITION: Above Average,
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:
“EXCELLENT (BRISTOL) CONDITION”, is a vessel that is maintained in mint or bristol fashion – usually better than factory new- loaded with extras – a rarity.
“ABOVE AVERAGE CONDITION”, has had above average care and is equipped with extra electrical and electronic gear.
“AVERAGE CONDITION”. Ready for sale requiring no additional work and normally equipped for her 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 the REPORT OF SURVEY, and by virtue of my experience, my opinion is
OVERALL VESSEL RATING: Above Average
STATEMENT OF VALUATION: $165,000
- 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 condition 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:
- Buyer and seller are typically motivated.
- Both parties are well informed or well advised, and each acting in what they consider their own best interest.
- A reasonable item is allowed for exposure in the open market.
- Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
- 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.
- INSURANCE RECOMMONDATIONS: With repairs noted in FINDINGS completed this 1993 Giorgi powerboat vessel HIN: SMDZ35083F393 be an acceptable risk for the use within the vessel's design expectations.
Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel, it is your surveyor’s opinion that the “FAIR MARKET VALUE” of the subject is $165,000
ESTIMATED REPLACEMENT COST,” indicates the retail cost of a new vessel of the same make/model with similar equipment offered by the same manufacturer. “ESTIMATED REPLACEMENT COST” of the subject vessel is: $354,400
SUMMARY:
In accordance with the request for a marine survey of the, for the purpose of evaluating its present condition and estimating its Fair Market Value and Replacement Cost, I herewith submit my conclusion based on the preceding report. The subject vessel was personally inspected by the undersigned on October 22, 2019 and was found to be a well-constructed, comfortable vessel. Subject to correction of deficiencies listed in section A, the vessel is considered to be suitable for intended use.
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 analysis, opinions and conclusions are limited only by the reported assumptions and limiting conditions, and is my personal, unbiased professional analysis, 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 that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event.
I have made a personal inspection of the vessel that is the subject of this report.
Acceptance and use of this report acknowledges the client’s understanding that Bayshore Marine Surveys does not accept any responsibility for damage or deterioration not found or discovered during the course of survey, nor for consequential damage, deterioration or loss due to any error or omission.
The Client hereby undertakes to keep the Surveyor/Consultant and its employees, agents and sub-contractors indemnified and to hold them harmless against all actions, proceedings, claims, demands or liabilities whatsoever or howsoever arising which may be brought against them or incurred or suffered by them, and against and in respect of all costs, loss, damages and expenses (including legal costs and expenses on a full indemnity basis) which the Surveyor/Consultant may suffer or incur (either directly or indirectly) in the course of the services under these Conditions.
Notwithstanding the above clause, in the event that the Client proves that the loss, damage, delay or expense was caused by the negligence, gross negligence or willful default of the Surveyor/Consultant aforesaid, then, save where loss, damage, delay or expense has resulted from the Surveyor’s/Consultant’s personal act or omission committed with the intent to cause same or recklessly and with knowledge that such loss, damage, delay or expense would probably result, the Surveyor’s/Consultant’s liability for each incident or series of incidents giving rise to a claim or claims shall never exceed invoiced amount.
This report is submitted without prejudice and for the benefit of whom it may concern.
ATTENDING SURVEYOR James McGlincy JR
James McGlincy JR
Senior Surveyor
Bayshore Marine Surveys
Society of Accredited Marine Surveyors
National Fire Prevention Association
American Boat and Yacht Council
Rebuilt since 2015
Galley rebuilt since 2015
3208 Cats
New round hatch on bow
New windshield
Underwater hardware Props- good condition
Hull side –low moisture condition good condition
New electrical panels and rewire
End of report
Disclaimer
Yacht View Brokerage LLC offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. Potential purchasers should assume that items on the vessel at the time of viewing, but not specifically listed on this specification sheet, are not included with the sale of the yacht. These specifications are believed to be correct but cannot be guaranteed. Specifications are provided for information purposes. Data was obtained from sources believed reliable but is not guaranteed by owner or brokers. Buyer assumes responsibility to verify all speeds, consumptions, capacities and other measurements contained herein and otherwise provided, and agrees to instruct his surveyor to confirm such details prior to purchase. Vessel subject to sale, price and inventory changes, and withdrawal from market without notice. The Seller retains the right to any of their personal items, artwork or tools in the sale of the yacht and will have them removed from the yacht prior to closing.
Disclaimer
The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.
Presented For Sale By:
Yacht View Brokerage LLC Annapolis
United States
Presented For Sale By:
Yacht View Brokerage LLC Annapolis
United States