Complete but not assembled. Engine got hot from sea cock being turned off accidently. Milky oil was found afterwards but oil level was not rising. After tearing motor down the cause of water invasion was a leaky piston liner. This must have sealed back up when everything cooled back down. The head was crack tested ok. Would be suitable for rebuild with out any issues. Everything is bagged and labeled. Comes with complete brand new VRS kit and sacrificial anodes. Photos available on request. Call me if interested. PH. 0438605601. Could be tempted by a good quality outboard around 15hp.