Time for action – coloring the hull and the gunwale
Your boat is a pretty simple object. The entire hull can be one color, but it's nice to give the gunwale a different color to accent the top and provide more definition:
Make sure you are working in Layer 1.
If you have the Properties Panel in the 3D View closed, open it with the N key.
Select the camera with the RMB.
Press 0 on the NumPad to change to the Camera view.
Move the camera back by pressing the G key and then tapping the Z key twice. Then, move the mouse so that the camera dollies out along its local Z direction until the whole boat shows up.
Change to the Top view.
Select the lamp with the RMB. In the Properties Panel of the 3D View window, set the lamp's Location so that X is equal to ...
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