Varnish woe's

Hi Folks,
We need a little advice on varnishing the sides of our build. The history, for the last few weeks we have been staining and varnishing the sides of our build. We stained the sides with four coats of stain. Then we started varnishing the sides. We are using Minwax helmsman spar. Each coat is applied using a roller after hand sanding with 400 grit sandpaper followed by a good wipe down with tack cloth. The plan was for 9 coats.
The problem is after 8 coats they look like my first girl friends acne. This happened after just the 8th coat. We have tried sanding it out but no luck
so what did we do wrong? And any suggestionn on a fix would be greatly appreciated. I'm thinking start over but really don't want to do that. It might be important to mention that this has been done on the bench, in the garage with door closed. 
We need a little advice on varnishing the sides of our build. The history, for the last few weeks we have been staining and varnishing the sides of our build. We stained the sides with four coats of stain. Then we started varnishing the sides. We are using Minwax helmsman spar. Each coat is applied using a roller after hand sanding with 400 grit sandpaper followed by a good wipe down with tack cloth. The plan was for 9 coats.
The problem is after 8 coats they look like my first girl friends acne. This happened after just the 8th coat. We have tried sanding it out but no luck

