RedactedNarrative: On June 5, 2014 at approximately 1930 hours operator2 was operating his vessel (FL5382MP) herein referred to as V2, with three occupants on board. V2 was traveling South in the Indian River. At that same time Operator1 was operating his vessel (FL3422PR) herein referred to as V1, with 2 occupants on board. V1 was traveling south behind V2. V1 was traveling faster than V2 causing an overtaking situation. V1 began to overtake V2 on the starboard side. At the same time, V2 began to turn west into the Sebastian River. The vessels were involved in a collision resulting in damage to both vessels. There were no injuries.