For those asking what the big difference is, here is the scenario:
Gasoline vapors will collect at the lowest point. In a car, the engine bay is open to the atmosphere and the vapor dissapate quite easily. The vapor concentation will never get to the Lower Explosive Limit - the minimum amount of gasoline vapor needed to have an explosive mixture.
Boat motors are in the hull have a bottom - where the vapors will collect. If there is a leak of fuel, and the primary candidates are hoses, connections, fuel tanks, and pressure relief valves (found on automotive carbs and fuel pumps), the drops of gasoline will vaporize. You can have one of three conditions - concentrations lower than the Lower Explosive Limit, concentrations between the Lower Explosive Limit and the Upper Explosive Limit, and concentrations above the Upper Explosive Limit. If there is a spark - typically from a non-marine grade starter or alternator - and the concentration is below the Lower Explosive Limit, you are safe. The mixture will not ignite. That is why we run the blower for a full two minutes. If the mixture is between the Lower Explosive Limit and the Upper Explosive Limit, the mixture may, or probably will, ignite causing a explosion and likely a fire. The force of the explosion is in direct relationship to the amount of gas vapor available and the amount of confinement it has. Most of the time, it is impressive to watch. If you have a mixture above the Upper Explosive Limit you will not have the explosion as the mixture is too rich to ignite. However, you are not safe because as soon as the air moves and sufficient oxygen replaces the gas vapor, the mixture will then be between the Lower Explosive Limit and the Upper Explosive Limit and it will ignite if you have a spark. This can be seen at fueling docks when the boat goes a short distance and then explodes. This is where most of the deaths and serious burns occur as the boat is typically loaded with people.
The United States Coast Guard has standards for many of the critical items that carry fuel or electrical current. Some automotive parts are identical, but some are not. Early boats had lots of fires until the culprits were engineered to be safer. In general, if the part carries fuel or electrical current, make sure it is marine grade.
Be safe out there. An emergency on the water can ruin more than your whole day.