RedactedNarrative: Vessel 1 was south bound in Isle of Wight Bay in the main channel off of Drum Island .Vessel 2 was West bound crossing the channel heading to his dock. When he saw a collision was imminent operator of vessel 1 turned East, vessel 2 also turned East at the same time ,striking vessel 1 in the middle of the starboard side with his bow. The impact caused an approximate four foot jagged hole in the hull of vessel 1.There was no damage to vessel 2.There were no injuries. The vessel operators exchanged information and left the scene. The operator of vessel 1 called to report the accident upon returning to the commercial harbor in Ocean City. The operator of vessel 2 was issued a warning for Navigation Rule 15-failing to give way in a crossing situation. Request case be closed.