To help develop and maintain a healthy sense of curiosity and wonder in minds young and old!

To actually answer your question, it's likely this dinghy has an aluminum floor or structure, and that 'bollard' would be an anchor tie-off point.

I wouldn't know much more than that and I'm sure I've used some terms wrong, I just know that my father's Naiad dinghy is built this way.

Guy ties his balls of steel to it as an anchor when he goes to board the big ship.

🎵 rubbery dingy, you’re the one