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Karpak got away to the best start at with a 3, 2 scoreline, leaving him at the top of the fleet, on a day when many sailors picked up wildly different scores as the wind played tricks.

Gusts of up to 250km an hour and a storm surge of up to 4 metres are predicted.

Early interest has already been registered by teams from Australia, Great Britain and Germany.

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Derelict vessels are a problem with which almost all coastal communities wrestle.

Council chairman Bill Shepherd said the trophy typically went to an individual but it could be awarded for any acts or services which promoted, advanced or bettered the sport of yachting.

The cash-back offer applies to buyers who pay the full deposit prior to March 31, 2017.