On 7/29/2002 , the vessel TIME OUT (Official Number 821442) was involved in a total failure of any machinery or technical system in 18 NM SSE OF SHEET HARBOUR, NOVA SCOTIA,.

The vessel, with 0 persons on board, experienced the incident while engaged in regular operations. Fortunately, the ship was able to continue its voyage. No injuries or fatalities were reported, and there was pollution.

This incident was officially recorded by Transport Canada on 7/30/2002 . Weather at the time was reported as .

The F/V "TIME OUT" with 3 POB was reported disabled with a broken propeller shaft. Vessel was subsequently towed to Sheet Harbour, Nova Scotia.