An inexpensive pelorus for use in small craft to find bearings. The pelorus also converts easily to a sun compass with one vertical member extending up from the center of the dial. This enables quick and accurate compass correction or true course determination. The dial is 4 5/8 inches in diameter, and is made of non-corrosive metal with one degree markings. The sight vanes and dial rotate separately. The unit comes in a plastic storage case.