Remember that other boat's crew that almost T-boned yours and then, having missed you by a few inches, waved hello at you, not even realizing they had not respected your right of way? Save yourself from, at worst, damage and, at best, from embarrassment. Read those basic Rules of the Road. They will cover most situations you will encounter in most charter areas. By the way, some rules are not real ones out of The Book, but just "play-it-safe" rules to stay out of harm's way (see Rules #1 and #2 for examples.)
Rule #1: Boats that are much bigger than yours have the right of way, no matter what. Examples: Cargo freighters, cruise ships, big Caribbean inter-island ferries, garbage barges, etc... you get the idea. In theory, there are plenty of situations where those guys do not have the right of way. However, personally, when I see those big ferry boats coming straight at my boat, going full blast with no apparent intention of deviating from their course, I get out of the way. No questions asked.
Rule #2: If you think the other boat's crew have not or cannot see you, just give way.
Rule #3: If you have any doubt of any sort, get out of the way. Simple as that.
Read the real Rules of the Road
How can you tell? Easy! (Method is valid regardless of the distance between the boats). Say you see a boat seemingly coming towards yours at an angle, and you see it just forward of your starboard stay (If you have a hand compass, and you want to impress your neophyte crew, you can also take a bearing of the other boat.) Check again 2 to 3 minutes later. Three things can have happened:
The other boat is now much more forward of your starboard stay. In other words, the bearing of the other boat has moved forward. Result: If both boats maintain speed, the other boat will pass yours ahead of your bow. No risk of collision. If the boat is very far, re-check every 5 minutes.
The boat is now much more aft of your starboard stay. In other words, the bearing of the other boat has moved aft. Result: If both boats maintain speed, the other boat will pass yours behind of your stern. No risk of collision. If the boat is very far, re-check every 5 minutes.
The boat is still at the same spot relative to your starboard stay. In other words, the bearing of the other boat has not changed. Result: If both boats maintain speed and course, there is a risk of collision.
In this case, assess which of you or the other boat has the right away. If it is you, keep the other boat in sight at all time; and if the other boat does not take unequivocal action to give way, then be ready to give way yourself. If the other boat has the ROW, take unequivocal action showing that you are giving the ROW.
In any case, if at any time you feel that the situation becomes dangerous because the intention of the other boat is not clear, you must take evasive action. And that action must be clear and unequivocal to the other boat's crew.
That's it, folks. That's all you need to know for safe chartering!
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*Picture by Tom Lochhaas