<br/>The trophy for the maiden P1 Powerboat Race was unveiled in Mumbai today. The trophy; which will be a rolling one has been made using the propeller of INS Viraat, the longest serving warship of the world. <br/><br/>The trophy assumes more significance as INS Viraat will be decommissioned on Monday, after 30 years of service in the Indian Navy. After unveiling the Viraat Trophy in a small ceremony held prior to commencement of the races, Flag Officer Commanding-in-Chief of the Western Naval Command said the memory of INS Viraat will live on through this trophy. <br/><br/>Six teams will compete in this maiden Indian Grand Prix of the Seas. These Panther Powerboats manned by a pilot and a navigator will race each other on a 5.2 km long specially designed racetrack in the sea off Mumbai's Marine Drive.<br/><br/> While the mandatory practice runs and qualifying sessions were held on Friday; the real race will take place over the weekend.<br/>