The 1976 Formosa 41 Ketch, S/V “OSPREY” was anchored in Bellingham Bay portion of the Puget Sound near Bellingham, WA, on Saturday, September 28, 2019. The wind conditions strengthened during the day on Saturday with wind gusts exceeding 40mph. While the insured were away from the vessel, the wind direction changed from South East to North causing the vessel to swing on its anchor. During this process, the anchor pulled free from the sea bottom, and the wind began to blow the vessel toward the dock. The vessel eventually collided with the ferry terminal, and was pinned against the dock structure for several hours while it rocked back & forth violently as wind conditions continued to be severe. The Insured monitored the situation throughout the afternoon, and was eventually able to board the vessel & power it away from the dock structure after the weather conditions had improved in the evening.

The vessel is severely damaged.
Below are general descriptions of the damage:

• The PORT side of the fiberglass hull structure is severely damaged.

• The fiberglass transom structure is severely damaged.

• Wooden cap-rail is damaged along the PORT gunwale & transom gunwale.

• Stainless steel rail is bent & broken along the PORT side of the hull & along the transom.

• Standing rigging is severely damaged. Chain-plates are pulling from the fiberglass hull structure. stainless steel wire

is broken & frayed.

• The aluminum mast is severely damaged. One of the shrouds was broken completely off the mast.

• The stainless-steel canvas enclosure & dingy bracket were severely damaged.

• Solar panels severely damaged. Frames bent & panels shattered.

• Other hidden damage may exist. An out-of-water inspection & an evaluation of the interior of the structure were not performed.

No additional information is available for this listing. 
Additional damages not listed or pictured may be present.
Sold As Is, Where Is, with no warranty or representation made with respect to condition of the item or its various components.

Anti Snipe Auction 

Any bids placed within the last 3 minutes of the auction end-time resulting in a change of the first-place bid, auction extends until no bids result in a change of the first-place bid.

Terms of Sale 

Upon Insurance Company approval a request for funding will be sent to the high bidder via email. Full payment, via wire transfer, is required within 72 hours of the invoice date. All bids made by bidders are contractually binding and the selected winning bidder is required to complete all transactions. Defaulting bidders will be permanently removed from buyers list. This item is offered AS IS WHERE IS and the Buyer is solely responsible for all logistics, transportation, loading, and associated costs. Item must be picked up no later than 3 business days after release information is received. No adjustments will be made for any discrepancies. Any goods that have not been picked up within 14 days after the scheduled pickup date will be deemed ABANDONED, and after such period, the buyer will forfeit all rights to the abandoned goods and any money paid for such goods. Please bid accordingly.