INSURANCE SALVAGE: - Grady-White 24’ “247 Advance” Twin Yamaha 150s– NO RESERVE

Description

INSURANCE SALVAGE: - Grady-White 24’/“247 Advance”– NO RESERVE

FOR SALE IS A 1999 GRADY-WHITE 24' powered with twin 2011 Yamaha 150 horsepower 4-stroke outboards. This boat suffered a capsizing and total submersion while at the slip and unattended. The boat was raised and blocked ashore on the owner’s trailer. The boat was surveyed by the owner’s insurance company using an independent survey firm. The boat was declared a total loss by the insurance company. RACE Marine Consultants has been retained to dispose of the salvage on behalf of the insurer.

The following is an excerpt from the insurance company surveyor’s damage report:

“We found the vessel resting on its trailer inside the facility's yard. We inspected the hull bottom and all thru-hull fittings. The hull and thru-hull fittings were found to be in visibly good condition and all in place. The starboard and portside trim tabs had been torn from their mounting areas, and the damages were new in nature where the screws pulled out of the transom. We inspected the vessel’s engines and found them to be visibly salt water damaged. We boarded the vessel and sighted damages consistent with the vessel being completely submerged. All the helm electronics, batteries, and vessel wiring had visible salt water damage from being submerged. We examined all accessible deck fittings and hoses. All that could be sighted and accessed were in place with the hoses on them. The seacocks for the bait tanks and live wells were in place and in visibly good condition. The main seacock was found closed. The facility reported to us that after the salvager pumped the vessel out, and towed the vessel over to the facility, the vessel did not take on any water. They also reported that when the vessel was hauled, there were no obvious signs of a water leak.

CONCLUSIONS:

The damages to the vessel are consistent with a sinking and being completely submerged.

The exact cause of the sinking could not be determined at the time of our inspection.”

end of survey report excerpt

EMERGENCY SERVICE: Following the recovery and haul out, the boat yard “pickled” the engines by draining the engines of water and refilling with diesel fuel.

Overall Condition: judging from the survey report and the surveyor’s photos, the boat was in typical condition for its age: normal wear and tear but no major damage other than the damage due to the submersion. The owner reported that the boat was equipped with the following permanently attached equipment:

GPS

Sonar

Radar

Autopilot

VHF radio

Stereo

EPIRB

Shore power battery charging system

All LED lighting (nav, cockpit, spreader)

35 gal live well

Anchor, chain, line

Outriggers

Custom "Eisenglass" foul weather console enclosure

Tackle storage system in console

The owner has removed all loose and personal gear from the boat. Included with the sale are the boat and its attached equipment as listed above.

PHOTOS:

The attached photos were taken by the owner and by the insurance company’s surveyor. They are as follows:

00: photo by the surveyor shows the boat on the owner’s trailer after recovery

01: photo by the surveyor shows the port 150 horsepower Yamaha 4-stroke outboard

02: photo by the surveyor shows the starboard 150 horsepower Yamaha 4-stroke outboard

03: photo by the surveyor shows the electrical system damage to the port outboard

04: photo by the surveyor shows the undamaged starboard hull bottom

05: photo by the surveyor shows the undamaged port hull bottom

06: photo by the surveyor shows the damage to the port trim plane

07: photo by the surveyor shows the damage to the starboard trim plane

08: photo by the surveyor shows the center console

09: photo by the surveyor shows the electronics

10: photo by the surveyor shows the batteries and switches

11: photo by the former owner shows the boat before the submersion

12: photo by the former owner shows the boat capsized

13: photo by the former owner shows the trailer

14: photo by the former owner shows the trailer

15: photo by the former owner shows the trailer VIN

16: photo by the former owner shows the boat title with the former owner’s name redacted

17: this is the 1999 Grady-White catalog page for this model.

WARRANTY: NONE - The boat will be sold AS IS/WHERE IS.

TITLE: The boat was registered and titled in California. This boat will be sold with the title and a bill of sale from the insurance company.

TRAILER: The photos show the boat stored on the former owner’s 2009 Tidewater tandem axle trailer. The trailer is NOT included with the sale but is available from the owner to the successful bidder at $2,500. We will arrange for the successful bidder to contact the owner at the completion of the sale. RACE Marine Consultants will not be involved in the trailer sale. We are showing the trailer as a courtesy to the former owner of the boat and the buyer.

INSPECTION: The boat is currently stored in San Diego, CA. Inspection is available by contacting Art Collins at (508) 747-0014 or emailing: racemarine@aol.com

DELIVERY: Transportation and loading are at the buyer's expense.

PAYMENT: A deposit of $500.00 is required via PayPal to racemarine@aol.com, or by cash or bank check within 48 hours of the close of the auction. The balance is due within 7 days or upon delivery, whichever occurs first. The boat must be delivered to the buyer within 7 days of the sale date or arrangements made for additional storage at the buyer’s expense.

RACE Marine Consultants is a marine insurance consulting firm. We do not repair boats nor do we give advice on repairs. None of our personnel have inspected or seen the boat.

Your bid IS a legally binding contract; please do not bid unless you have the means to complete the transaction! IF YOU ARE UNABLE TO COMPLETE THE SALE, PLEASE DO NOT BID!

WARNING: Bidders with a Feedback Score of less than 5 or Newly Registered Bidders must contact us and be approved prior to bidding. Very simple: just email us with a contact number that you can be reached at to let us know that you are A SERIOUS BIDDER. Failure to do so will result in bid cancellation and further bids being blocked.