I agree with hardee that AIS is slick, but as starcrafttom points out, many vessels don't have transmitting units, so you can't see those vessels (I presume, Harvey, that this is your case too; so AIS helps you see others, but you are not helping them see you! :wink

. I imagine it is great to have AIS blips (and all their associated info) right on your chart plotter with your GPS showing your boat's location on the same plotter; but that costs, and many of the chart plotters out there don't support AIS integration.
There is a "quick and dirty" solution that gives, in my estimation, 60% of the "I see you, but you can't see me" benefit.....namely, smart device apps. I bought a AIS app for my iPhone for $4.00 (mine's called "MarineTraffic"). Since AIS is required on all ships of 300 gross tonnage and all passenger vessels, I can see all the freighters and all ferries on the iPhone. Better would be putting the app on my iPad which I have mounted right next to my chart plotter with a suction cup bracket on the front helm station window. Unfortunately, my iPad does not have cell/GPS support; but if it did, I would have blips for all those big ships around me, and a blip for my boat on the iPad screen right next to my chart plotter.
So if you have a cell/GPS enabled iPad-like device, 4 bucks gets you most of what Harvey is raving about! OTOH, you have to be within range of cell service for this to work -- which is why I only give this solution a 60% grade.
P.S. I'm considering putting a cheap router on my boat giving me a boat-wide LAN using my iPhone as a hot-spot. Then if I buy a GPS enabled iPad (I actually borrow my wife's iPad now which doesn't please her :roll

, I'd have AIS, including my boat's blip, much of the time.....not to mention inter-connectivity for all my LAN supported devices (e.g., laptop) without all those wires hanging around as they now do. Also, with a LAN I wouldn't have to pay Verizon for another line just for the iPad.