Disclaimer

WE 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 to the reported  assumptions and limiting conditions and are my personal, unbiased professional  analyses, opinion and conclusions. 

• I have no present or prospective interest in the property 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(s)  estimate, the attainment of stipulated result or the occurrence of the subsequent  event. 

• My analyses, opinions and conclusions were developed and this report has been  prepared, based on my professional experience as a marine surveyor. • I have made a personal inspection of the vessel that is the subject of this report. 

• No one provided significant professional assistance to the person signing this  report. 

Scope of Survey 

This survey is to be used only for the purpose stated in the written report. This surveyor recommends  regular inspection by a qualified mechanic before operation of this vessel/vehicle. Safety  equipment found on board does not mean it meets Transport Canada Standards. Tests  of instruments or mechanical systems were not performed unless specifically noted in  the Comments section. This vessel has been surveyed without removing any parts, fittings, carpets, screwed or  nailed boards, anchors, chain, fixed partitions, instruments, clothing, spare parts,  miscellaneous materials in bilges and lockers or other fixed or semi-fixed items. No  inspection has been made of locked compartments or other inaccessible areas. No  determination of stability characteristics or inherent structural integrity has been made  and no opinion has been expressed regarding them. The scope of the survey is limited  to the available accessibility at the time of the inspection and has no guarantees  expressed or implied. This survey is without responsibility and is not an inventory or  warranty specified or implied. It does not include lists of cosmetic deficiencies, such as,  gelcoat cracks or blemishes, unless they are a structural concern. The acceptance of the  coating condition is a personal opinion. The purchaser should carefully inspect the  vessel for any deficiencies to insure it meets his personal criteria. This survey is not  transferable. It may lack additional photographs, instructions and verbal or written advice  provided during the time of inspection. Please be advised that local jurisdictions may have rules, regulations or bylaws that may  affect the operation of your vessel. This could include rules affecting navigation light  lists, regulations affecting pollution standards for your vessel or bylaws governing  restricted uses for your vessel. It is up to the operator of the vessel to ensure that the required safety equipment is on  board at the time of departure and that his vessel meets Transport Canada regulations  and those of local jurisdictions. We also recommend that all smoke and vapour detectors  be replaced every 10 years. Carbon monoxide detectors should be changed every 36  months. The moisture levels are given in a comparative reading using a Tramex Skipper Plus.  Readings above 9 indicate that the conditions are present for core decay. Wood  moisture content is given in percentage by weight. A good reading for wood is between  10 and 18 percent. The wood scale is the coloured one at the top. The comparative  reading for composite materials is the bottom scale. Ultrasonic readings for steel and  aluminum vessels are measured in percentage of wastage using a Sonaguage two.  Ultrasound for gelcoat and other composite materials is performed using a Sonatest  Ultrasonic Coating and Thickness gauge. Thermal images are taken with a recordable  thermal imager using an emissivity value of 0.95 unless otherwise stated. Temperature  and colour scales are selected to highlight the blended thermal images in the most  appropriate way. Stay and shroud tension is measured in percentage of breaking  strength of wire rope using a Loos tension gauge