Viewing a boat with Osmosis

Is osmosis only present below the waterline?

I found some early stage osmosis under some TreadMaster and a solar panel. Water had been trapped between the surfaces and this started osmosis. Both were very easy to fix. The TreadMaster was removed and teak was fitted instead. The solar panel was refitted with thin plastic spacers to ensure the meniscus could not hold moisture any longer and the air gap kept it dry.
 
If its the one I think it is then its a lot of boat for the money...exciting times ahead; I bet you cant wait for next season :encouragement:
 
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