I watched it for the first time last night and really enjoyed it, particularly the soundtrack. I found it weird that the protagonist cut the halyard when they grounded the boat but I suppose it was a red herring.
Saw it a couple years ago on cable and it was interesting. I'd like to watch it again but it doesn't come up in a search on Comcast here. It's not as good as Riddle of the Sands, but it's watchable for sure.
I looked it up, it's actually "Knife in the Water"
What I got out of it was the captain trying to show off his success (and his wife) to the kid. I'm sure there was a "party theme" there since this was the Cold War era. I think the Polish government paid for the movie.
Bizarre movie for sure. Jolanta Umecka (sp) was stunning.
Funny when they showed the boat heeling and jibing it looked like there was no wind on the water.