The Goodwill Cup is the premier event of the Squadron’s Navigation Championship Program and has been conducted annually since 1933. From 1961, the Goodwill Cup has involved competition with the Southport Yacht Club for the Goodwill Trophy.

The navigation event is generally held in the vicinity of Peel Island proceeding southward with an overnight anchorage at RQYS Canaipa. Part of the tradition of the Goodwill Cup involves the camaraderie ashore after the event.

Presentation of Trophies is held at the conclusion of the Barbeque Breakfast held at RQYS Canaipa the following day. The Goodwill Cup donated by Dr J Bostock and Dr J Nye is currently presented to the winning Squadron Boat in Traditional Division. Trophies are also presented to the winning boats in GPS Division.

Results for the Goodwill Trophy interclub competition are determined on the performance of the best (5) five boats from each club in Traditional Division and GPS Division. Dr Nye also donated a magnificent trophy for the interclub competition – The Goodwill Trophy.

Tremendous inter-club camaraderie has been generated through the Navigation Event Program and the Goodwill Cup is perhaps the best example of the great boating spirit generated from such events.