Account Applications; "Boat" Collateral may fail to save

An Account Application with collateral item of type "Boat" may fail to save with the error "Failed to save Account Application Collateral Items. Failed to add new record in UpdateQueryBuilder. The field is too small to accept the amount of data you attempted to add. Try inserting or pasting less data.".

This occurs if the Boat's make, model, year, hull length. registration number and HIN combined are greater than 50 characters.