Cryptic crossword clue
Day on the water in craft, to reach peak in Scotland 7,4

The most common and most likely answer to this crossword clue is the 8 plus 4 letter word ARTHUR’S SEAT

I've seen this crossword clue in Independent
A
R
T
H
U
R
â
€
™
S
S
E
A
T

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The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

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