Thanks Guys, those holes are cutouts done in SUm was thinking of doing an alpha map for them, but you would need huge res to get decent definition, so I opted to go 12 sided.
In future If possible ill post the model image next to the Real thing (DONE!), Forgot about quite a few things on that Dinghy! the Rope around the sides would have looked awesome, shes being stripped atm for a refit after years of hard use have taken their toll!