Let's just say you're going to apply the bottom first. You'll cut enough cork to wrap around your rails. Make your relief cuts at the ends just like you would with glass. Put your epoxy on the cork and put it in place. I take tape and wrap the cork down around the rails every few inches. At the ends you might have what seems like big overlapping globs, but fear not, all will work out. Just tape down the laps. Then I bag it all and pull the vacuum. When your blank comes out (remember you already have a layer of glass over the foam) you'll take a sanding block and feather the edges of the cork back down to the foam. At your globs just sand judiciously until it's all seamless. Really surprisingly easy. When you're ready to apply the top layer you'll cut enough cork to wrap, say just down to the mid to bottom rail. Take your steps again, epoxy, tape, bag (if you're doing so) and go. When it all comes out you'll go back at it with the sanding block feathering the cork edge back down to the first layer of cork.
www.swaylocks.com/forums/future-getting-under-my-skinread this thread. And I'd suggest searching Corecork on Swaylocks. Anything posted by bb30 is gold. Guy is a VERY talented board builder and has quite a bit about cork. Where I got my info.
i started without a pad but later went to one. And yeah, another layer of glass and then pad. You should try it first without and see for yourself. For me it started out ok but got too slick over time