A marine casualty aboard a small passenger vessel results in property damage. The cost of labor and materials to restore the property is $24,000; however, drydocking costs add another $3,500, bringing the total invoice to $27,500. Under 46 CFR §185.202(a)(7), does this casualty require immediate notification to the Coast Guard based on the property damage criterion alone?

1. A. Yes, because the total invoice of $27,500 exceeds $25,000.
2. ✓ No, because the cost of drydocking is excluded from the damage calculation, and the restorative cost of $24,000 does not exceed $25,000.Correct
3. C. Yes, because any damage requiring drydocking automatically triggers the reporting requirement.
4. D. No, because the $25,000 threshold applies only to damage caused by collision with another vessel.