On 5/1/2004 1, the vessel FUNDY LEADER (Official Number 823830) was involved in a sank - flooding in 50 NM SOUTHWEST OF YARMOUTH, NS,.

The vessel, with 3 persons on board, experienced the incident while engaged in regular operations. There were 0 injuries and fatalities were reported, and there was unknown pollution.

The F/V "FUNDY LEADER" was reported to have sunk while hauling their catch onboard. The three POB successfully abandoned into a liferaft, and were picked up a short time later by the F/V "SCOTIA MARINER".. Damage to the vessel was indicated as TOTAL LOSS

Weather at the time was reported as clear with winds from the SW at 20.00 knots. This incident was officially recorded by Transport Canada on 7/16/2004 .