All crew are reported safe, but a top racing yacht of the Royal Cork Yacht Club is on the rocks at Cork Harbour after a Mayday emergency incident on the final day of racing in the Club's Autumn League.
After the race rounded a weather mark, the Class One yacht Jelly Baby broached, and it is understood that a crew member from the boat went overboard.
According to eyewitness accounts, the crewman was recovered safely by the ten strong J/109 crew, but the rescue manoeuvres, brought Jelly Baby close inshore and near the rocks at the harbour mouth.
Despite efforts to clear the lee shore, the yacht ended up on the rocks at Weaver's Point at a point known locally as Bull Rock.
Two crew went overboard. One was picked up by a competitor and the other by a RIB.
The incident led to to an emergency Mayday call responded to by the RNLI at Crosshaven and the local Coastguard Unit and the Port Of Cork Pilot launch.
The rest of the crew made their way to safety by climbing the rocky cliff at Weaver's Point, an elevation of approximately 20 metres, at the mouth of Cork Harbour.
Racing has been abandoned.
Coastguard Hopes to Refloat 'Jelly Baby' at high Water
Update at 3.20 pm: The yacht remains aground and an attempt to re-float it will be made by the Crosshaven Coastguard team closer to high water.
The Coast Guard has set up a cordon near the boat.
Update: 6.30 pm: The yacht is successfully refloated. See vid here.