RedactedNarrative: Operator #1 Stated to the effect: "  I was up on plane about to exit the Barnegat Inlet when the boat suddenly stopped.  I looked in the engine bay and did not see a problem.  When I closed the hatch, I seen water entering into the cabin of the boat.  It was my first time through this Inlet."
  
  Investigation revealed: Vessel #1, a 26 ft. 2002 Regal 2860, was traveling east in the Barnegat Inlet about to enter the Atlantic Ocean with two occupants onboard.  As it traveled east, Operator #1 failed to observe the channel markers indicating the entrance and exit of the Barnegat Inlet.  Operator #1 subsequently began to turn his vessel to its port side prior to passing the Barnegat Inlet North Side Channel Marker.  As a result, Vessel #1 subsequently impacted the center of its hull with the submerged rocks of the jetty.  The impact caused significant damage to the vessels hull which resulted in the vessel immediately taking on water.  Tow Boat US arrived on scene and attempted to salvage the vessel.  The attempt was unsuccessful and the vessel became completely submerged.  Tow Boat US then utilized air bags to raise the vessel above water and towed it to Holiday Harbor Marina where it was removed from the water.  
  
  The operator and passenger did not sustained any injury.  
  
  Vessel #1 sustained severe fiberglass damage to the center of its hull, specifically an approximate 36 inch hole in the hull.  The vessel was towed and removed from the water at Holiday Harbor Marina by the owners request.