Re: Flotation Foam - \"unsinkable\"
30 plus year old foam isn't likely to do the job, even if the boat has it. However, IF you're redoing the deck, putting foam between the stringers is a good idea.
My 1974 23' Tsunami, when I had the tank out a few years ago, revealed that it had no foam in the hull, except some under the gunnels. So, having a parishioner who was a VP there, I took my boat over to Pro-Line Boats in Homosassa and they poured in six bags of closed cell foam. I had only to pay the labor costs involved. (They also foamed in my new 110 gal. fuel tank which I bought from them as surplus for $350)
They squirted the foam into these plastic bags, turned the bags this way and that, and then laid them in on the hull outside of the stringers, between the stringers and the hull sides on top of some 1 1/2" PVC pipe pre-drilled for drainage. The foam expanded to fill the bags and mold them to the area they were in. The technician said that the foam they put in amounted to about 1800 lbs of flotation, which would float the boat upside down with the nose out of the water for up to 7 to 10 days of constant immersion before any danger of sinking. Because of the configuration of the Tsunami, and not having any of this foam flotation in the stern, it would probably float hanging stern-down and inverted, between a 40 and 70 degree angle due to the weight of motor.
For a price, he offered to derig my engine and windshield, turn the boat upside down of a frame, and re-foam the gunnels and bow underliner areas with the new foam-in-a-bag. This should, they said, cause the boat to float upright in case of flooding or swamping. Capsizing would still cause the boat to turn turtle, but it could then be easily righted once full of water. The cost would have been about $2,400, most of that labor and rigging costs.
Check with a boat mfg in your area and see if they will offer the foam-in-a-bag installed in your boat if you want this. With boat sales being so bad, they're probably looking for ways to provide services and make money.
__________________
Common Sense is learning from your mistakes. Wisdom is learning from the other guy's mistakes.
Fr. Frank says:
Jesus liked fishing, too. He even walked on water to get to the boat!
Currently without a SeaCraft 
(2) Pompano 12' fishing kayaks
'73 Cobia 18' prototype "Casting Skiff", 70hp Mercury
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