Bummer, I don't know what to tell you, this fix worked for me. It only worked for the water issue because the texture size was 0. Everything else is caused by the z buffer issue, which would require a fix from ubi or ATi.
The 8.4 drivers are now out for the ATi cards. Try them if you have an earlier version.
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"There are only two types of ships- submarines...... and targets" Unknown
"you wouldn't catch me on a ship that deliberately sinks itself"- comment to me from a surface sailor. 
System:
AMD 6300 3.5 GHz | 32GB DDR3 | SATA 300 320GB HD, SATA III 1TB HD, SATA III 1.TB HD | ASUS Sonar DS sound card
NVIDIA 1660 Super OC | Windows 10
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