A bit complicated
I went to the boatsmart course and initiated a big discussion about this. Seems even the instructors have some problems with it. I copied my conclusion from the archives:The (Coast Guard ) manual requiress white MASTHEAD LIGHTS on all vessels less than 20 meters, including powerboats. They are defined as "white lights that shine 225 degrees forward". (As opposed to ALL AROUND LIGHTS (360 degrees) SIDELIGHTS (red port, green starboard) and STERNLIGHTS (135 degrees aft).It does mention that on sailboats masthead lights "are seldom at the top of the mast, but partway down".So, it seems, by law, that we as sailors must have a white masthead light, but it cannot be used while under sail power.So, on my hunter, I have a RUNNING LIGHTS switch (which is SIDE and STERN lights)...I have STEAMING lights (which is the MASTHEAD light)...and an ANCHOR light, which must be the ALL AROUND LIGHT.While sailing at night, I will have only the RUNNING LIGHTS on, when I look up I will see no lights anywhere on the mast.Hope this helps !