2003 Custom Kelsall 42 Kelly (Panama)

24 Contact Broker
$110,000 (USD) Fuerte Sherman, Panama (Panama)

S/V Forget Me Not is a Fuerte Sherman, Panama based 2003 Kelsall 42 Kelly For Sale By Broker. Responses to inquiries may come from a broker who is representing the owner as a fiduciary. This owner requires financial settlement only. No trades.

Forget Me Not is a blue-water ready, 42 ft Kelsall Kelly catamaran blending proven Derek Kelsall design principles with a robust PVC/fiberglass construction. Built in Elberta, Alabama under the direct guidance of the designer by a U.S. Naval captain, the vessel comes with its original schematics onboard. Featuring an expansive 24 ft beam, a comfortable 6 ft 8 inches of master cabin headroom, and a shallow draft of 3 ft 7 inches, she is perfectly configured for stable, long-range tropical cruising or live-aboard adventures.

Having received extensive upgrades and a complete engine rebuild in 2025, Forget Me Not is fully operational and outfitted with high-end modern electrical, navigation, and water-making systems.

Specifications & Construction

The vessel name is Forget Me Not. She was launched in 2003 and is a Kelsall Kelly designed by Derek Kelsall. The builder was Joseph A. Plant. Construction is a PVC/fiberglass hull with a fiberglass deck. The keel type is a fin keel and steering is hydraulic with ALM spade rudders. The finish was repainted and polished in 2025, and the hull was last antifouled in 2025. Registration COD: USA: 997869.

Dimensions

The length overall (LOA) is 42 ft 0 inches, the beam is 24 ft 0 inches, the draft is 3 ft 7 inches, and the displacement is 26 NRT.

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Specifications

NameS/V Forget Me Not
MakeKelsall
Model42 Kelly
Year2003
TypeMultihull Sailboat
BuilderJoseph A. Plant
DesignerDerek Kelsall
ConstructionFiberglass
Cabins3
Heads2
GalleyPort side

Dimensions

Loa42
Beam24
Headroom6 ft 8 in
Draft3.58 ft

Tankage

Fuel Tanks140 gal
Water Tanks200 gal
Holding Tanks1

Performance

Engines2 x Volvo Penta (1998 blocks) 28 HP
Engine Hours4,000 hours (rebuilt January 2025)
Fuel Consumption1.25 gal / hour
GeneratorPortable generator
Displacement26 NRT
SailsMainsail, headsail, storm jib

Inventory

Vessel Overview

  • Name: Forget Me Not
  • Type: Blue-water ready 42 ft Kelsall Kelly catamaran
  • Construction location: Elberta, Alabama
  • Designer: Derek Kelsall
  • Built under direct guidance of the designer by a US Naval Captain
  • Original schematics onboard
  • Notable features: 24 ft beam, 6 ft 8 in master cabin headroom, 3 ft 7 in draft
  • Upgrades: Extensive upgrades and complete engine rebuild completed January 2025
  • Outfitted with modern electrical, navigation, and water-making systems

Specifications and Construction

  • Vessel Name: Forget Me Not
  • Year Launched: 2003
  • Make and Model: Kelsall Kelly
  • Designer: Derek Kelsall
  • Builder: Joseph A. Plant
  • Construction: PVC / Fiberglass hull with Fiberglass deck
  • Keel Type: Fin keel
  • Steering: Hydraulic with ALM spade rudders
  • Finish: Paint/wrap/gelcoat, last repainted/polished in 2025
  • Antifouled: Last completed in 2025
  • Registration: COD USA 997869

Dimensions

  • Length Overall (LOA): 42 ft 0 in
  • Beam: 24 ft 0 in
  • Draft: 3 ft 7 in
  • Displacement: 26 NRT

Propulsion and Mechanical Systems

  • Engine layout: Twin diesel propulsion
  • Engine manufacturer: Volvo Penta (1998 blocks)
  • Number of engines: 2
  • Horsepower: 28 HP each
  • Engine hours: 4,000 hours (rebuilt January 2025)
  • Drive type: Shaft drive
  • Propellers: 3-blade propellers
  • Steering system: Hynautics HP hydraulics
  • Hot water: Engine heat exchanger on starboard side
  • Fuel system: Fuel capacity 140 gal
  • Water capacity: Water tanks 200 gal

Performance

  • Cruise speed: 6.5 knots
  • Maximum speed: 9.0 knots
  • Fuel burn at cruise: Approximately 1.25 gal/hr

Electrical System

  • System overhaul: Complete electrical overhaul and verification in 2025; meets NEC waterproofing and safety codes
  • House battery bank: 840 Ah via 3 x 280 Ah LiFePO4 batteries rigged in series (batteries 2 years old)
  • Engine starter batteries: 2 x 12VDC starter batteries, 1,000 cranking amps each
  • Solar array: 1,125 Watts managed via Victron MPPT chargers
  • Inverter/charger: Victron 3000-Watt inverter powering 120V AC system
  • Shore power: 110V shore power via a 125V 50-amp plug with 100 ft cable
  • Monitoring: Dedicated monitoring systems for batteries, solar, and inverter

Electronics and Navigation

  • Navigation suite installed/upgraded: 2022 (B&G equipment)
  • Chart plotter: B&G Zeus 3
  • Radar: B&G Halo radar
  • Depth / Fish finder: B&G depth/fish finder
  • Log and speed: B&G plotter log
  • Wind instruments: B&G BT wind sensor
  • Autopilot: CPT autopilot
  • GPS: B&G integrated GPS system
  • Communications: 2 x Icom VHF radios
  • Entertainment: 40 in LG Smart TV and Pyle radio system with selectable speakers

Accommodations and Comfort

  • Cabins / berths: 3 cabins / 4 berths (2 king beds, 1 queen bed)
  • Master cabin headroom: 6 ft 8 in
  • Saloon headroom: Full standing headroom with overhead lighting
  • Utility berth: 1 aft berth currently used for tool storage, dive compressor, generator, boat equipment, portable washing machine
  • Air conditioning and heating: FCF Platinum AC/Heater combo (16,000 BTU)
  • Water maker: Rainman 37 GPH system
  • Heads: 2 heads with electric flush toilets
  • Holding tanks: 2 x 30-gal holding tanks (port and starboard)
  • Showers: 1 indoor shower supplied by 6-gal electric and heat-exchanger hot water system

Port Side Galley

  • Sink: Dual basin stainless-steel sink
  • Stove and oven: 3-burner gas stove with integrated oven/broiler
  • Safety: Integrated gas alarm with auto-shutoff
  • Refrigeration: 12V refrigerator (approx 4 A draw)
  • Freezer: 12V freezer (approx 4 A draw) with ice-making capability
  • Appliances and equipment: Toaster oven, portable washing machine, standard kitchenware included

Mast Rigging and Sails

  • Rig type: Cutter rig with aluminum mast and boom
  • Standing rigging: 8 years old, in good condition
  • Running rigging: 2 years old, in good condition
  • Furlers: 7 years old, good condition
  • Winches: Manual winches 10 years old, good condition
  • Sail inventory:
  • Mainsail: 7 years old, worn status
  • Headsail: 4 years old, good condition
  • Storm jib: 5 years old, good condition

Ground Tackle and Safety Infrastructure

  • Primary anchor: 45 lb Rocna with 200 ft chain/rope
  • Spare anchor: 35 lb Spade with 200 ft of 1 in rope
  • Windlass: Manual windlass system
  • Bilge pumps: Manual and electric bilge pumps (comprehensive setup)
  • Safety kits: 4 separate flare/safety kits onboard
  • EPIRB: EPIRB expiring 2028
  • Life jackets: 10 life jackets (service rated to 2030)
  • Life ring: Onboard
  • Fire extinguishers: Multiple units (expiring 2027–2030)
  • First aid kit: Certified kit (expiring 2027)
  • Additional safety gear: Bosun’s chair included

Accessories Toys and Spares

  • Tender: 10 ft Zodiac aluminum-bottom tender (new 2025) on stern davits
  • Outboard motor: 2019 Honda 20 HP
  • Dive compressor: Bauer Junior II air compressor
  • Deck comfort: Hard bimini, deck wash (salt and fresh), cold-water deck shower, swim ladder
  • Extras: New fenders (2026), mooring lines, boat hook, BBQ grill, fishing gear
  • Spares inventory: Extensive collection of replacement parts for most onboard systems

Maintenance History and Recent Upgrades

  • Engine rebuild: Complete rebuild January 2025
  • Electrical overhaul: Complete verification and upgrades in 2025
  • Navigation suite: Outfitted in 2022 with B&G equipment
  • Hull finish and antifoul: Repaint/polish and antifoul completed in 2025
  • Tender: New in 2025
  • Fenders: New in 2026

Disclaimer

  • Information offered in good faith without guarantee or warranty of accuracy or vessel condition
  • Buyer advised to instruct agents or surveyors to validate details
  • Vessel offered subject to prior sale, price change, or withdrawal without notice

Exterior Photos

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Deck Photos

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Interior Photos

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Other Photos

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Charles Badoian

By Charles Badoian

At 12 years old Charles told his mom he wanted to live on a boat and that dream became a reality at 35 when he moved onboard a baby trimaran full time. Growing up in Greece and moving back to the USA for highschool and college, Charles has never veered far from the water. After a decade in the Florida Keys and the Bahamas, Charles is now based in Bocas del Toro Panama, living on his Shuttleworth catamaran. Charles has a deep understanding of ship systems and has been living off grid for over a decade, with a significant amount of shorthanded performance sailing. “There are few things I appreciate more than watching the eyes of a new owner light up when taking the helm of their new boat for the first time, or seeing a well-loved boat going to a great new home, and knowing I helped make that a reality”

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