Originally Posted by SloopJonB
It is a quick & cheap way to install chains, no other reason for it.
Some of the boats that use this method are not known for cheap.
There are other reasons too.
It allows for clear side decks and flexibility in cabinetry.
Granted there are other ways to get those advantages.
So never mind it was cheap.
Even on this boat it might be possible to install knees but the cabinets would have to be rebuilt. Very big job.