Progress Report | Q2 2023

STATUS REPORT OF VISIT ON 28th JUNE 2023

INTRODUCTION

• Arrow Monaco has been engaged to review the status and quality of the build of the new-build Custom Line 140 hull number 3.

• The outfitting is taking place at the Custom Line/Ferretti facilities in Ancona.

• The following report illustrates the status of the build as of the 28th of June 2023 when the vessel was visited.

• The finished vessel will have the following arrangement and technical details:

01 EXTERIOR VIEWS

UNDERWATER HULL - AFT SECTIONS

• Stern thruster hardware installation is progressing,

• Shaft line works are in progress,

• Rudder stock and hardware was undergoing installation during our visit,

• Exhaust cowling is fully installed on both sides and has been painted,

• Interceptor trim system has been installed.

UNDERWATER HULL - FORWARD SECTIONS

• Hull sensors have been installed,

• Black paint strip above the waterline has been painted,

• Anchor pockets and stem protection have been installed,

• Bow thruster has been mounted,

• STBD exhaust cowling has been installed.

VIEW FROM FORWARD PORT QUARTER

• Windows on the hull and topsides have been installed.  They are missing the sika final application,

• Portholes have now been installed,

• Handrailing on top areas has been installed,

• Bootstripe paint above the waterline has now been completed.

TOP SIDES

• Anchor chain plate and stem protection have been installed,

• Fairleads are being installed,

• All windows and portholes have now been installed.

MATERIAL ON THE YARD PLATEAU

The following material is stored under the vessel for installation shortly:

• Packs of joinery (for on-board installation),

• Rudders,

• Garage roller system,

• Stern transom door,

• Aft bar area cover structure (above steering gear).

02 EXTERIOR DECKS

MAIN DECK AFT COCKPIT

• Stern areas of the superstructure have now been painted black,

• Outfitting of the manoeuvring stations has progressed,

• External ceilings and cabling for these has moved ahead.

A few more images of this area

MAIN DECK SIDE CORRIDORS

• Windows have been installed,

• All superstructure side doors have now been installed,

• Still some painting is taking place of the black surface,

• Outfitting of deck wash and hydrants is in progress.

A few more images of these corridor areas:

A few more images of this area:

Bosun Locker

Outfitting of the fwd. bosun locker areas are in progress.

• Deck floor has finally been closed and outfitting of this area can now proceed,

• Teak has started to be laid on this deck,

• Staircase to sun deck is installed,

• Air handler units are being installed,

• Ceilings are being installed.

SUN DECK

General views of the sun deck:

• The opening on the deck has now been closed,

• Teak has now been laid on this deck,

• Fwd. mast is now being outfitted and cabling has been passed for this,

• Cabling for the mast/hard top is now routed to these areas.

• Rollbar and mast have not yet arrived at the yard.

03 INTERIOR AREAS

MAIN DECK LOUNGE

• Following the closure of the deck hatches for main engines embarkation, the areas are being outfitted by joiners and much progress is viewed including floors, partitions and ceilings.

• Joinery in this area is progressing walls, floors, and ceilings are now in place,

• Piping, ducting, and cabling is now well advanced.

MASTER CABIN

• General views of the interior of the master cabin,

• Raw woodwork/partitioning is now in place awaiting final furnishings and furniture.

A few more images of the master cabin.

MASTER CABIN - BATHROOM

A few images of the state of the bathrooms in the master cabin.

LOWER DECK GUEST CABINS

• Ceilings have been mounted,

• Wall linings are now in place on most areas,

• Furniture is being installed.

• Details of guest areas.

MAIN DECK PANTRY

• Dumb waiter has been installed,

• Wall linings and furniture is now in place,

• Some household apparatus is in place,

• Cabling still requires much work to switchboards.

BRIDGE AREAS

• Wheelhouse console is now in place and being outfitted,

• Aft walls furniture is being installed,

• Cabling is being routed to respective switchboards.

UPPER DECK LOUNGE

• Floors and ceilings are in place,

• Outfitting of fan coils is in progress,

• Piping, ducting, and cabling are mostly complete.

04 TECHNICAL SPACES

ENGINE ROOM

• The openings in the ceiling have now been closed off,

• Insulation has now been covered by the finishing D-Bond laminate, this includes walls and ceilings,

• All major apparatus has now been installed in the engine room,

• Piping, electrical cabling, and ducting is now well routed in the engine room.

ENGINE CONTROL ROOM

• Switchboards have now been installed and hence cabling is being routed into the boards.

MAIN TENDER GARAGE

• Garage door is being installed,

• Outfitting of the area is in progress including rollers, doors, and winch.

STERN TECHNICAL SPACES

• Main machinery is now in place (hydraulic power packs, ventilators and pumps,

• Piping has been routed to these areas,

• Insulation and lining is being installed.

CONCLUSIONS

• We are keeping an eye on progress on a fortnight basis,

• Smartsheets is being used to monitor the remarks we discover them.  We are insisting on yard to close off items as soon as possible prior to further outfitting taking place,

• Exterior areas outfitting has progressed nicely, with teak decks being placed on sun deck and upper decks as well as most of the forward areas.

• Handrails are being installed throughout the vessel and most stainless-steel accessories (including stairs) are now in place,

• All doors are now installed throughout the vessel,

• Painting of the various areas (as per colour plan) is practically complete having finished both e dark grey and the black details.

• Engine room main apparatus have now been embarked and therefore the deck hatch on both main and upper decks have now been closed off, allowing for outfitting on these two decks to proceed,

• Interior areas particularly on main deck are proceeding well having closed off the engine room hatch.  Many areas such as lower decks and master cabin are close to complete in terms of linings, and therefore furniture is now being installed,

• Bridge is moving along well, with the main console now in place and ready to receive all apparatus/instruments,

• Galley is at a good stage of outfitting and some of the household machinery is now in place,

• We see some switchboards throughout the vessel missing, but a good number of them have arrived (engine control room), and hence cabling to these and connections is progressing accordingly.,

• The roll bar and mast have not yet arrived for installation on top of the sun deck,

• As this moment in time, we do not envisage any critical items which could lead to any delays in delivery, and having spoken with the vessel project manager, at the moment the launch is still programmed for the end of July.  This however may be delayed slightly because of the logistics of leaving the boat in the water during the August holidays.  This is a decision which the yard will take shortly, and we will monitor accordingly.

•We still believe a delivery towards the end of the year is feasible at this stage and will continue monitoring the progress.