When I install the 3 prong trolling motor plugs I drill an 3/16" hole through the side of the socket hole. I also spray Corrosion X on the prongs. Any water that gets into the socket will drain out.
I use butt connectors to connect the wires. Once crimped I fill the butt connectors with Liquid Tape and let it dry then wrap it in electrical tape. I like Shaun's idea of using the NOALOX anti-oxidant compound on the wires before crimping.
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