You make an interesting point Mary. I had not read the rules that way, and I suspect most others would not either (though I may just be expressing my own bias there).

Under you're interpretation, would you have to have the sails on the boat (but not rigged, e.g. in a bag on the tramp) in order to race? Can 1.11.3 reasonably be taken to mean that? Or would you say that you just have to own those sails even if they're not on the boat?

I guess this is a point where 2.4.1 applies .

Mark.