So I have some small blisters in the paint toward the top of the
freeboard (dime to quarter sized and not that many) Been there for a
while but I'm just now getting to them. I was thinking that it was
water seeping in through the chain plates and that I'd need to re-seal
those plates. Most, but not all of the blisters occur under the chain
plates or a stancion.

I burst one of the blisters and something looking like 10/30 motor oil
came out. WTF ? It isn't motor oil as far as I can tell. It is sticky,
unlike oil, and doesn't smell like anything. A fella on the dock
suggested this may be part of the priming from the last paint job and
that they bulloxed it up, hence the blisters?

Any suggestions, ideas?

b