If only in the valve covers, it could be condensation. Do you do a lot of short runs where the engine doesn't really get to a good running temp for a while?
Is the oil in the crankcase at all milky? Does the antifreeze level drop at all on your engine?
The oil cooler would be my first thought if it's sea water leaking into the engine.
If you had an oil cooler problem, you would have water in your oil as well.
Make sure the breather in the valve cover is clear, and the hose going to the air cleaner is open. What model AD41 do you have? A,B,D,L-A, P-A,P-B ?