The cache is located in the city of Akranes, next to the old ship.
It is a small gumbox (see photo) placed in a hole in the ship.
In inside is paper and pencil, easily accessible, no element of the ship was damaged.
You can easily get there by car.
The cache is located over 160 m from the next one.
I live not far away, so I will check from time to time to see if everything is OK.