Five crewmen abandoned a 60-foot yacht luxury Yacht NORDIC PRINCESS in the Gulf of Alaska after losing power and being battered by waves. The crew reported having electrical problems, losing steerage and being hit by a rogue wave. The vessel took on a list and eventually sank. The crew abandoned ship in survival suits and entered their life raft. The crewmen were airlifted to safety by a Coast Guard helicopter. The yacht had departed from Kodiak bound for Prince William Sound and encountered waves estimated at 10-12 feet.