Can someone tell me what this is, and how to fix or replace it?

We are planning to do this as safe as possible. CO2 fire extinguishers, rags and plywood will be there, and we also want to open and go through the emergency shutdown, to check that it works properly. I have a bus mechanic with me, he even owns his own DD so he seems to know what he's doing.

Hey Norseman! Rett til værs, takk. I bought it about a year after it went under, it was only partly submerged at a dock. And it was made floating again the same day. Very few things wear signs of having been submerged, all battery chargers work, the Kabola works, pumps work and almost no electrics are corroded. Only a few things that had power connected, like the bow thruster.

I do have a little smell problem though, it smells of oil and diesel. We have thoroughly cleaned about 25% of the boat, and the smell seems fresh there now. I am still happy with my buy, I payd daycruiser money for it. Here she is:

Rcrapps, I have read his tread earlier. I have 1 or 2 broken windows in the front cabins.

Not shure how to separate the bilge oil from the water with a shop vac. Would you care to teach me, ?

The new engine has a 24v starter, I think I'll be converting to 24v later. Previous owner has used 36 volts, so for now I will use that.

Today the engine started for the first time! It seams to run just great. First it would not start, even on startgas, but after we primed it it starts in half a second, runs on idle and does not smoke at all. I'm so happy that I can't sit still! YeeehaaaAAA! Unfortunately no video yet, our hands were busy keeping the plywood ready.