RedactedNarrative: Operator #1 statement: We were in the Atlantic Ocean when I noticed I was taking on water. I called out a mayday over Ch 16.  A good samaritan came over and i was able to get everybody off the vessel.
  
  Investigation Revealed: Vessel #1 was traveling north  in the Atlantic Ocean just outside Barnegat Inlet.  Vessel #1 began to take on water from the area of the transom.  Operator #1 made a Mayday call over Channel 16, at which time a good Samaritan arrived on scene and assisted everyone on to his vessel for safety.  Sea Two, Tow Boat and USCG arrived on scene and were able to keep the vessel afloat. The vessel was towed to Holiday Harbor Marina, Ocean Twp, and pulled from the water.  The Good samaritan transported everyone on the sinking vessel to USCG Barnegat Light.
  No injuries were observed or reported at the scene.
  An inspection of the vessel at Holiday harbor Marina revealed the port side stern drive plate had pulled away from the transom.