Please note that the PICTURE UPLOAD function is not working. The iBoats Forum Moderators are working with the system administration folks at the parent company to get the issue resolved. This happened about a year ago and here we are again. In the meantime you can post photos as links to a picture hosting site of your choice. We are sorry about the inconvenience and will advise when the issue is resolved. Thank you for your patience.
Yes there should be a washer or O ring on the plug and the plug should be magnetic. When you get the washer or O ring and remove the plug you may as well change the lube, if the oil got out water may have gotten in.