RedactedNarrative: Vessel #1 was heading east bound coming from the area of 3 rooker bar heading in towards shore. The vessel was making way when it began to take on water. The operator realized the water was coming in and he attempted to look in the bilge when the vessel was overcome and began to roll and eventually capsized. At the time of the incident operator noticed the bilge wire was loose and he was attmepting to fix it when the vesssel became swamped. After he pulled the vessel out of the water later he noticed that the area where the steering wires go into the hull has a gap which allows water in. There were no injuries sustained during the incident. The vessel was valued at $3000 which is the price the opertaor was planning to pay the owner for the vessel. The sale of the vessel was not completed so operator was borrowing the vessel at the time.