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Boat of the Year awards are prestigious honors that are given to boats based on performance, design, options, and other criteria. Boat of the Year awards are selected by a combined editorial team of writers from publications such as Motor Boats Monthly, Custom Yachting, and Motor Boat and Yachting. Boats are divided into categories and rated based on set criteria for each particular category. Other boating magazines also hand out accolades each year, including Hot Boat and Powerboat Magazine.