If I varnish external doors I usually apply 3 coats.
As this is going it water being a boat six coats.
Lightly rub down each coat applied and wipe over with white spirit allow it to dry before apply another coat. Do same with all 5 coats. Last coat obviously don't rub down. It will last well....skimp on it and you'll have it out of the water doing it again. And of course no need saying but going to...........USE the correct varnish.
Good luck and happy sailing.
exe seaman
Bob
October 2010