V1 WAS HEADING SOUTH ON BISCAYNE BAY. OPERATOR HEARD AN OVERHEAT ALARM. THE TEMPERATURE GAUGE SPIKED. THE OIL PRESSURE GAUGE INDICATED ZERO. OPERATOR NOTICED SMOKE COMING FROM THE ENGINE COMPARTMENT. COMPARTMENT WAS ENGULFED IN FLAMES. OPERATOR AND PASSENGER ATTEMPTED TO EXTINGUISH FIRE. DUE TO THE INTENSITY OF THE FIRE THEY WERE UNABLE TO GET THE FIRE EXTINGUISHER. OPERATOR AND PASSENGER JUMPED OVERBOARD. CORAL GAABLES PD VESSEL RESPONDED AND RETRIEVED THE OPERATOR AND PASSENGER. MIAMI DADE FIRE BOAT 1 AND CITY MIAMI FIRE BOAT RESPONDED AND EXTINGUISHED THE FIRE.
KEY BISCAYNE                  