Solutions
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shamrockflyer's post in Misplaced Textures was marked as the answerYou are having the same problem too?
All I did was install it, added the Libs as adolph suggested - but I fished around the ORBX forums looking for a similar topic, and found this: http://www.orbxsystems.com/forum/topic/66432-water-on-land-altered-scenerey/?hl=%2Bftx+%2Bglobal+%2Bissue
Look at post #5, that is where I found the solution. Hope this helps.
Regards