Its main event is a sailboat race in Iloilo Strait that features the paraw, a Visayan double-outrigger sail boat.
[3] The Iloilo Paraw Regatta began as a half-day sailboat race but is now a multi-day, multi-event festival.
The paraw race course is 30 kilometres (19 mi) long, and runs up the coast of Panay and then down the coast of Guimaras, before returning to the finish at Villa Beach.
[4] Participating paraws are categorized based on the waterline length of the boat and further classified according to their sails as "unpainted" or "painted".
The first race started in 1973 with the mission to preserve the historic value of the paraws.