Vessel 1 while underway experienced what the operator/owner stated was an electrical fire in the area of the fuse panel in the cabin.  Operator/owner attempted to extinguish the fire with negative results.  Operator/owner phoned 911 and was connected to the Coast Guard Station in Burlington and notified them of his situation and position.  Operator/owner then abandoned his vessel via a small boat he had been towing.  When rescue vessels arrived, the vessel had burned to the waterline and was sinking.  The vessel was a total loss.
Colchester                    