Chancellor, an extensively tuned Beneteau 40.7, has a distinguished racing pedigree and is a tried sail training yacht for east coast sailors. Based in Rose Bay, Chancellor is a regular summer racer and regatta boat. She has raced to Hobart three times, the first in 2004, followed by 2005 and 2006 with her best finish in 2005 with a 5th in Division E). A previous winner of the Coffs Harbour races as Le Billet, she has also competed in the Airlie Beach and Hamilton Island race weeks.  The owner describes the boat as ‘ideal for team building and self-development’.