That looks pretty much identical to my Yanmar qm series panel, also most likely on a Cherubini if it is the original motor.
I had similar problems due to spade terminals in the wiring harness not making good contact. I took it all apart cleaned everything up and sprayed with Deoxit D5. The problem went away and due (perhaps) to a biennial repeat has never come back.
This does not mean you should not confirm there is not another issue. Over 22 years I have overhauled my heat exchanger and replaced the mixing elbow twice. Problems have come from clogs in the heat exchanger, exhaust manifold and mixing elbow. Lots of other things can go wrong too, including raw water pump and strainer.
Please tell us also whether it is fresh or raw water cooled and which Yanmar it is.
Also note that full manuals are available electronically for free.