I've done arranging for myself, but I am new at sharing things so tell me how I did. With a capo on the third fret  
it matches the cd. 
 
Capo on 3 
Intro D5   G5   D5   G5 
 
G5                           D5       G5                     
There's a lighthouse in the harbor   giving guidance with  
     D5       F#5                      G5 
it's light      but I had no one to return to   
E5                          A5         G5 
  as I wandered through the night      from the first time  
       D5            G5                       D5 
that I saw you       standing silent by the shore   
F#5                     G5 
   I knew my search was over       
E5                              A5 
   and I would look for love no more 
 

        G5                     D5                   G5 
CHORUS: Deep in the waters of love I am falling   sinking  
       D5       G5                      D5    *    B5 
like a stone   deep in my heart I can hear love calling 
      G5              F#5             G5 
goin' once     goin' twice     goin' gone   
      G5              A5               D5           
goin' once     goin' twice     goin' gone 
 

G5                        D5      G5 
There's a ship on the horizon     making it's way against  
    D5        F#5                             G5 
the wind        from the place where I stand watching    
E5                          A5 
  I swear my ship is coming in 
 
CHORUS:same as above until last line: 
      G5             A5               G5       D5 
goin' once    goin' twice     goin' gone 
G5                D5        G5                      D5    * 
  sinking like a stone    deep in my heart I can hear love  
B5             G5             F#5            G5 
callin'  goin' once    goin' twice    goin' gone      
                    A5              G5        D5 
goin' once    goin' twice    goin' gone       
G5                 D5 
   sinking like a stone    fade 
 
The * in the song is where I play the 5th string 4th fret. 

maybe there's really a chord there but this works for me.
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