On 5/26/2008 , the vessel KNOT PREPARED (Official Number 808805) was involved in a total failure of any machinery or technical system in EAST COAST, PEI, PRINCE EDWARD ISLAND (PE).

The vessel, with 4 persons on board, experienced the incident while engaged in regular operations. There were 0 injuries and fatalities were reported, and there was none pollution.

On 26 May 2008, F/V "KNOT PREPARED" reported broken down and taking on water. F/V was towed into port by CCGA vessel.. Damage to the vessel was indicated as UNKNOWN

Weather at the time was reported as unknown. This incident was officially recorded by Transport Canada on 5/27/2008 .