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The four-race regatta, for Middle Harbour Yacht Club's short ocean racing championship, has attracted a fleet of near 70 boats, headed by Neville Crichton's 90-footer, Alfa Romeo, potentially the world's fastest super maxi and favourite for line honours in the Rolex Sydney Hobart Yacht Race.

At the other end of IRC line-up will be the 30-footer 'Toecutter' from Melbourne, skippered by her designer and builder, Robert Hick. Another small boat preparing for the Sydney Hobart, Rod Skellet's 30-footer, Krakatoa, will race in the JOG division, a traditional part of this regatta, rather than in the IMS or IRC rated divisions.

The Sydney 38 and Farr 40 one-design classes will be provide some spectacular racing on the Harbour on Saturday, with sponsors JPMorgan inviting corporate clients to sail as "13th man" on each of the big fleet of Sydney 38s.

The IMS, IRC and JOG divisions will race offshore on Saturday but will come inshore on Sunday while the Sydney 38s and Farr 40s will go offshore for the final two races.