Hey David , it looks like you have the dreaded cap rail leak . Don't worry though it's highly unlikely it's anything structural . It's just a pain  to fix , but you are young and you can handle it . First you must dig/strip out as much of the old calking as possible from the outside and the inside , then sand the cleaned out space  and  wash it with acetone . Now get a calk gun and a few tubes of the correct type of Sikaflex . (there are different types) I'll look into it . From what I understand Sikaflex is good stuff . In the past I have used BoatLife , I don't recommend it as it dries and cracks in almost no time . Hopefully someone will come along with some more info .

OK , I think we need Siaflex 291 .

Also when I said inside and outside , I mean outside of the cap rail and on the inside of the gunnel rail (still outside) . 

Plus it is also possible the leak is coming from a hawse pipe . 

hi there!

same boat same problems;)

we are curently rebedding our deck hardware as good as we can.

most leaks should be gone if you recaulk the caprail.

theres water entering the caprail and finding its way to every screw attached to it.. the screws wich bolt down the caprail itself (theres two kind,the ones that are tapping screws and go right thru and the ones in the middle with a nut...those are terrible to get out) and of course the sailtrack wich is attached with you know how many;)

in the process we removed the stanchions  and rebedded them. the old caulking (inside) stopped there and there was a 1' gap,perfectly for water to enter.

towards the stern its easier to work in the bullwarks then in front of the bow,since the bullwarks is not as tight....since we already took the interior apart,we are rebedding eveything.

make shure all the woodbungs on the rail are intact....many of ours came out and we had to sink&bung them.

while everything was open and accessible we also changed the stupid tiny deckdrains with 1" tube...the old drains always got clogged and were connected only via a kinked hose....

we did alot more upgardes to the small boat,watertank,bowsprit,engineroom hatch....feel free to ask!

christian

funny,thats what i was doing just today:)

wasn't too bad...after i had the drains removed,i've opend the holes and epoxied a 1" tube in.

once everything is cured i'll sand it flush and either paint or gelcoat touch up.

the worst was taking the interior apart:)

a small job compare to what we've done to the boat.....check the watertank replacement in the forum...good god;)

have fun with the little "built like a tank - sails like a tank" beast!

greetings from chiapas mexico

chris