This celebration takes place at the end of Diwali festival season. According to mythological legend Lord Krishna defeated and killed the Demon Tripur.

Sanquelim has the tradition of releasing lamps in the river during this festival, the ship building competition i.e making of miniature models boats and ships made out of thermocol and other materials has become the main highlight of the festival celebrations.

The festivities take place at Vithalapur in Sanquelim, near the Pundalik Temple.

Besides the main boat competition, there are other cultural programmes. As the competition progresses the competitors boats are brought and displayed near the shore and the best designed boat is awarded by the organisers of the festival.