RedactedNarrative: EPO responded to a boating incident that involved a 44’ sailboat that was taking on water as it was headed towards Beavertail Lighthouse.  Officer met with Operator/Owners.  Operator1 stated that they were approximately 2NM east of Beavertail Lighthouse when he started to lose his fix on his chart plotter.  He went below to take a look at the backup chart and found the boat was taking on water.  Operator1 then issued a distress call and both Coast Guard and Sea Tow arrived on scene.   They were both transported to Newport Onshore Marina in Newport where Off. took Operator1’s statement.   Off. then went to the shipyard and met with a shipyard employee who advised that water had been coming in through a shaft seal at the hull.  There was approximately $12,000 in water and electrical damages.   Off. then cleared the area.