Correct no oil equals catastrophic failure , my old 140Suzuki I was shares in was lent to someone they took the boat out of bribie and ran it dry of self feeding two stroke and melted the big end to the crank so bad it had to be welded up and repaired and was never the same . This is the reason I never share boats and never lend boats , I also would never buy a rebuilt engine ever at least on a boat . Matt