Each lvl of your ship boosts the element for that particular ship.
lvl 1 2% lvl 2 3% lvl 3 4% lvl 4 5% lvl 5 6%
Then you can buy parts for your ship. Only three can be activated at once. Elemental parts go up to 10% boost. On top of that popular parts would be for extra pots, start with ougi (30%), increased item drops (+20%). There are also parts to increase exp, rp, and amount of exp gained when boosting particular elements that are less used.
Haha, I was just kidding. Trade it with teddy or something. Thanks for the offer though. ^^ In order to send it to someone, you have to go to the person's profile page. Theres a button underneath where their characters are I believe. I used it a while ago so can't remember exact position.