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Offshore powerboat racing is a type of racing by ocean-going powerboats, typically point-to-point racing.
In most of the world, offshore powerboat racing is led by the Union Internationale Motonautique (UIM) regulated Class 1 and Powerboat P1.[1] In the US, offshore powerboat racing is led by the APBA/UIM and consists of races hosted by Powerboat P1 USA.
The sport is financed by a mixture of private funding and commercial sponsors.[citation needed]