UNDERWRITERS OFFER THE FOLLOWING AIRCRAFT FOR SALE:

BIDS CLOSE 7PM EASTERN ON July 13, 2012  - SCROLL DOWN FOR BID SHEET

Claim #:    2011-209                                                                                         SIAI  Adjuster:  Hart

Your bid is solicited for the following aircraft, as is, where is, before deadline of 7:00 pm Eastern on

                                                              JULY 13, 2012 

WARRANTY:  There is no warranty, express or implied for the information provided herein or the condition, useability, workability, operability or marketability of the aircraft salvage.  All times are approximate and the logbooks and aircraft should be inspected by each bidder BEFORE BIDDING.  Failure of the bidder to view the salvage or wreckage, or confirm any information provided is NOT grounds for a claim or withdrawal of bid after bid closing date.)  Read CONDITIONS at bottom of page

 AIRCRAFT:   Classic Aircraft Corp, Waco YMF N64JE, s/n F5-022                 **PHOTOS**

 ENGINE:  Jacobs R755-B2M, Specification; E-237; s/n; 17198

   All times from paperwork in hand and not warranted or guaranteed

 Airframe & Engine Times: The last annual inspection was accomplished on 12/13/10 at tach 3482, and total time 3977.  The tach at the time of the loss read 0932.9.  (Tach had been replaced with a new tachometer reading 0.0 following the last annual.)  The engine is a Jacobs R755-B2M, Specification; E-237; s/n; 17198.  The engine log also shows an annual on 12/13/10 at tach 3482.7, total time 1658.5 and TSMOH; 608.0.

 Propellers:  The Sensenich W96JB468 propeller is severely damaged.

 Avionics:  Submerged in salt water - see photos

 DAMAGE: Potential buyers should carefully examine this airplane.                **PHOTOS**

 Damage includes but may not be limited to the following: 

• Aircraft and engine were submerged in salt water for 6+ hours.
• Prop has been shattered and the engine sustained a prop strike.
• Left upper wing is bent and distorted from the inner strut out board.
• Lower left wing has been crushed along the outboard 55”.
• Left upper and lower ailerons are bent and torn.
• Left wing fairing is missing.
• Lower half of the engine cowl is crushed and dented.
• Upper cowl is misaligned and jammed.
• Both landing gear fairings are dented and scraped.
• No obvious physical damage to the vertical and horizontal stabilizers, the right upper and lower wings, the elevator and rudder, and tail wheel assembly, but hidden damage is likely due to impact and salt water.

OTHER INFORMATION:  Aircraft was approximately two miles southwest of Marathon Airport when the engine started to lose power and subsequently ditched in about 20 feet of salt water in the Straits of Florida. The aircraft touched down on the water and flipped over.  While the aircraft was in the salt water it righted itself and a pair of straps on the barge crane were used to place it on the barge and transport it to shore. Removal of the fabric, instruments and pressure cleaning of the fuselage was accomplished. Initial rinse was accomplished within 24 hours of retrieval.  Approximately 10 days later a second rinse was accomplished and the engine was drained, rinsed to remove salt water, and then oil sprayed.
 

 NTSB Probable Cause states “fuel starvation and an interruption in engine power during maneuvering”

LOCATION:  Aircraft located at Air & Sea Storage, Fort Pierce, Florida.  Email SIAI Adjuster Mike Hart for inspection of wreckage  - avclaims1@cfl.rr.com  

BID:  Complete the form below.  Copy and paste into an email to:  avclaims1@cfl.rr.com   OR print and fax to 386 677 7508

MY FIRM BID IS $________________(USD) ON 1989 WACO YMF N64JE ON AN "AS-IS", "WHERE-IS" BASIS.

  ______________________________   COMPANY NAME___________________________________

   (Signature of Bidder)                             EMAIL ADDRESS: _________________________________

  ______________________________    ADDRESS _______________________________________

    (Printed Name)                                     CITY/ STATE/ZIP___________________________________

                                                                  PHONE/ FAX__________________/__________________

 TERMS & CONDITIONS:

1) The aircraft listed are for sale "as is where is".  There is no warranty either express or implied.  All times and descriptions are believed to be the best information available and are Not warranted.  Prospective buyers should inspect the aircraft and records before bidding.  Purchaser bears all risk regarding condition, useability, workability, marketability, and operability of all salvage.

2) The underwriters have full and complete authority for all decisions regarding salvage and they reserve the right to reject any or all bids.

3) Payment in full by cashier's check or certified funds is required within 7 working days of notification to the successful bidder.

4) The deadline dates are firm without exception.  If you bid approaching the deadline, we advise you to confirm by phone that we have received your bid before the deadline passes.

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