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The recent economic downturn in the U.S. and global economies has significantly impacted the recreational boating industry. Consumers, boat manufacturers, and managers of marinas have all felt the ripples. The recreational boating industry’s slump has been the subject of countless articles documenting layoffs or closings of boat manufacturers and retail facilities, dwindling boat sales, and the growing problem of abandoned vessels. This current downturn and attendant financial hardships create a potential moral hazard that could drastically affect the boating community.

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