The pic confuses me.... In general the dirty frayed line and
corrosion indicates a
boat poorly cared for. Many trailerable boats dont show much
corrosion, as they sit in a yard away from the
water.... maybe this one sits in
salt water? At any rate from what I see it's not a deal breaker and is repairable if it's an issue. Probably from the SS fastener, which I'm not sure does what...
BTW, many boats that size should be very
cheap. There's one near me with no
motor but a
trailer for $500 asking.