I went out fishing and on the way out everything went fine. On the way back, the alarm went off. The main oil tank was 1/2 full and the reserve was completly full. I replaced the low oil sensor 1 month ago. The alarm beeped every few seconds and did not stop until we got back to the dock. The engine was not overheating. Does this alarm sound off when the oil level is low or does it sound when the oil pump stops pumping oil? The alarm stopped when I restarted the engine at home to flush the saltwater out of it. It has not sounded since. A puff of blue smoke exists the exhaust when I first start the engine, so I know the engine is getting oil. Any comments or suggestions would be appreciated. Thanks, Joe.