Hatteras

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ongoing efforts to ensure bids are made only by serious, bona fide bidders,

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bids from any parties with bad e-mail addresses or phone numbers or where we

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Inventory # 10055

Location: Wanchese, NC

General Description: This 1965 34' Hatteras Aft Cabin was partially submerged due to freeze damage to the sea strainer servicing the air conditioning system until bilge pumps and batteries stopped operating. Hull in fair condition for age with chalky gelcoat. Curled and peeling paint over entire hull exterior. No evidence of water in salon area. Galley water level estimated approximately 2 above sole. Forward V-berth and aft cabin water levels reported approximately 1-1.5 above the sole. Unrelated hull damage was noted to the starboard side air intake vents. Four of the six vents display damaged or missing metal fins. Exterior railing, stainless steel stanchions with vinyl coated lifeline, fair to good condition for age. Rear and side cabin doors in poor condition. Has aluminum anchor roller in good condition. Batteries were discharged and no AC power was available at time of inspection so no electrical or accessories could be tested. Not all equipment could be tested as no power to vessel at time of inspection.

Other:

AC: Marine Air SCMCD16K/2, 16000 BTUs reported submerged, appears to be in good condition but not tested. Also a Kenmore window unit, not labeled, installed aft salon, not tested.

Carpet, exterior, snap on carpet panels on Flybridge and Aft Deck, appeared in fair condition, some stains,

Gauges and controls, Faria gauges, not tested, appear in fair condition and Morse controls operates normally.

Flybridge: Finish is poor, windscreen is faded.

Rubrail: Stainless steel, in overall good condition but gouges to starboard side aft amidships.

Swim platform in poor condition, platform is lacking support.

Trim tabs, appear in fair condition, not tested, Bennett, hydraulic, pump appears to have been submerged, not tested.

Upholstery, exterior, minimal upholstery, flybridge seat cushions in fair condition.

Washdown: fresh water, appears in fair condition, not tested, Shurflo 3.0 GPM Diaphragm pump, not tested

Water heater: Force 10, eleven gallon, appears in good condition, not tested.

Windshield in fair condition for age.

Other windows: Cabin windows, in fair condition, corrosion to aluminum frames. The port side forward windshield glass is broken but intact. Evidence of prior leakage below windows is visible.

Florida 6% state sales tax will apply for Florida residents.

Storage charges will accrue after the 10 day grace period. Loading fees will apply if no trailer included. Buyer is responsible for loading fees.

Boat stands are not included.

Hull Material: Fiberglass

Height:

Beam: 12.6

Displacement: 17000

Draft: 3.0

Engines: Twin Chrysler V-8 gas Inboard Engines. Engines submerged. Unknown if engines preserved but Engines appeared to have new oil. No water sighted on lube oil dipstick, levels appear normal. It was not possible to test engines as no power to vessel. Extra spare engine accessory parts sighted.

Transmission: Borg Warner transmissions, port ID tag missing, Starboard ID tag not legible. Transmissions submerged. The dipstick on the starboard transmission would not unscrew to check. The port transmission was a threaded plug and unable to remove.

Generator / Battery: There is no generator. Batteries had been submerged. Batteries: 27 Group, 2 appear in good condition, 2 appear in poor condition. Two batteries had been replaced and numerous wire ends were changed. The scrap wire ends were left on the boat. Battery boxes at the rear between the engines still showed some water and galvanic corrosion to connecting cables. Statpower True Charge 20Amp/3 bank Charger appears in good condition, not tested.

Electronics: Icom IC-M302, VHF Radio, Furuno L5-4100 echo Sounder, Flybridge stereo Pioneer DEH-1600, no electronics tested, condition unknown.

Galley: Galley with sink, Emerson Microwave, Norcold Refrigerator/freezer (refrigerator appeared unaffected), Princess 3-burner stove (portion of stove showed possible water damage) and Princess oven and Hamilton Beach Toaster Oven (appears unused). No appliances tested, condition unknown. The galley lower two drawers show water damage. The galley carpet was lifted revealing recently installed wood sole which was in good condition. Interior with salon, galley, forward V-berth and aft cabin. The aft cabin appears to have been recently refinished including fuel tanks & bed framing replacement. Upholstery in good condition, bedding cushions and love seat cushions appear in good condition. Headliner in fair condition, vinyl headliner has been painted. Carpet in overall fair condition but worn and lower areas show water damage.

Ground Tackle: There is no windlass.

Canvas, Mast Rigging, Sails: Flybridge bimini frame/canvas, torn, bent frame, in poor condition. Aft Deck bimini frame/canvas in fair condition.

Head: Two heads: Forward head with sink, toilet in forward head, no shower. Aft head with sink, sink shower attachment and no toilet. (The portable toilet in the forward head could possibly be for the aft head. Neither toilet tested.)

Shipping: Item sold "where is". Assistance with shipping is generally available; however, buyer is responsible for costs of preparing item for shipment and charges for loading vessel onto trailer or transport.

Special Transport Info: TERMS AND CONDITIONS OF SALE

Effective 06/20/03

Item sold "as is, where is"

This item is sold "as is, where is" without warranty of merchantability,

fitness or other warranty express or implied.

Inspection of items, errors in description

The

winning bidder ("buyer") is allowed an inspection period to

verify that the item substantially complies with the published

description. A buyer who has inspected an item prior to final bid

shall be deemed to have accepted the condition of the item at the time of

the inspection but may reserve inspection following close of the auction

only as to any changes in the item between the time of the initial

inspection and a subsequent inspection made within the time for voiding

the sale as set forth herein. The time period for voiding the sale

and giving notice to USauctions of such ends the earlier of the time

buyer ships or otherwise takes possession of the item, 24 hours

following actual inspection of the item or 10 days following close of the

auction. In the event there is a material difference between the

item and the item description and buyer desires to void the sale, buyer

shall so notify USauctions by email or by fax to phone prior to the end of the

time period set forth.

A buyer who voids a sale when the item substantially complies with the

published description shall be banned from future bidding with

USauctions in addition to any other

remedies provided for hereunder. In the event

buyer properly voids the sale in a timely manner as required hereunder,

buyer's sole remedy shall be to receive a refund of the portion of the

purchase price paid.

BUYER SHALL HVE NO RIGHT TO ANY PRICE ADJUSTMENT SHOULD BUYER ELECT NOT TO VOID THE SALE AS PROVIDED FOR HEREIN. Neither USauctions nor the owner of the item

shall be liable for any of buyer's costs incidental to the sale including,

but not exclusively, travel, inspection, shipping or repairs. Any actions undertaken by

USauctions or any item owner to assist buyer with

shipping this item shall not be construed as placing an

obligation upon USauctions or an item owner to ship the item, pay for

shipping or be responsible for the shipment in any manner

whatsoever.

Payment of bid, defaultBuyer shall be obligated to pay the lesser of 25% of the bid amount or $25,000

not later than the close of business on the third business day following the

close of bidding. Payment instructions will be sent via buyers listed e-mail

following the close of the auction. Payment may be made by bank wire, by sending a cashier's check by mail, or by direct deposit of a cashier's check into the USauctions trust account. NO CASH OR PERSONAL CHECKS ACCEPTED.

Payment in full by collected funds is

due no later than 10 days following the close of bidding. Buyer shall be

responsible for payment of all applicable sales taxes, registration fees and

transfer fees. In the event buyer fails to make all or any portion of the

initial deposit or final payment as required hereunder, Buyer shall be in

default and Buyers right to purchase shall terminate. In the event buyer

defaults, Buyer shall be obligated to pay a fee to USauctions equal to 10%

of the bid amount and Buyer shall further be obligated to pay the owner of the

item any shortfall between the bid price and the amount received from an arms

length resale of the item whether sold at a private or public sale. Buyer

agrees to pay reasonable attorney fees incurred in any action to collect any

sums due from Buyer. The venue for any action pertaining to the sale of this

item shall be Broward County, Florida and shall be governed by the law of the

State of Florida

Removal of items, storage charges, risk of loss

Items must be removed not later than

10 days

following the close of bidding unless other arrangements are made. It shall be buyer's responsibility to make

arrangements for moving the item or, in the alternative, for making

arrangements to store the item beyond the 10 day grace period. It

shall be buyer's responsibility for making arrangements to load and

transport items. Buyer shall give USauctions notice of intent to pick up

an item in sufficient time to ensure the storage charges are paid. When picking up vessels, Buyer shall make necessary arrangements with the boat yard

where the vessel is located with not less than 24 hours notice

before picking up a vessel to ensure the vessel is cleared for transport,

any storage liens are paid, any necessary equipment is available and the

vessel is not blocked in. Buyer assumes risk of loss of the

item as of the earlier of the time buyer's right to void the sale

terminates or the time buyer acquires insurance on the vessel. In the event Buyer fails

to remove items in a timely manner, daily storage fees may be charged at the sales

location and/or the items may be removed and stored at buyer's risk and

expense.

Delivery of title

For titled items, delivery

of free and clear title shall be the responsibility of the owner of the

item. General processing time of titles is 4 to 6 weeks. In the event the item owner fails to deliver

free and clear title to buyer in a timely manner, Buyer shall have the option of

voiding the sale or of seeking specific performance directly against the

item owner. USauctions shall have no liability to

buyer or the item owner for failure to deliver free and clear title to buyer beyond refund of funds

collected by USauctions to the parties entitled thereto, upon return of

the item in substantially the condition sold. Buyer shall be solely responsible for applying for and taking all actions

necessary to complete registration, titling or documentation as buyer may

desire.