Five crewmen abandoned a 60-foot yacht in the Gulf of Alaska after losing power and being battered by waves. The crew reported having electrical problems, losing steerage and being hit by a rogue wavey. They took on a list and eventually sank. The crew abandoned ship in survival suits and made it to their life raft. The crewmen were airlifted to safety by a Coast Guard helicopter. The luxury Yacht NORDIC PRINCESS had departed from Kodiak bound for Prince William Sound and encountered waves estimated at 10-12 feet.