Industry » Legal & Finance
Legal & Finance
When it comes to money and payments surrounding yachts and yacht transactions, a grey area is always present about who can and who cannot receive certain funds, both legally and ethically. The funds referred to here are referral fees and kickbacks.
Read More
Margin loans are an effective way for high-net-worth individuals to borrow low cost, short term money. Despite their benefits, awareness of margin loans is relatively low, with many potential borrowers missing out on the opportunity to secure finance.
Read More
Discover how Voly solves the financial management needs across a range of assets, including private aircraft and large estates, and why you should consider it for your own asset accounting.
Read More
Superyacht captains are no longer responsible only for the safety of the vessel and all souls on board, but increasingly also for the finances aboard a yacht, that can match a medium sized business.
Read More
Recently we've seen shipping delays in the yacht transport industry lead to many issues. How can you, as a professional in the industry or an owner seeking timely transport of your vessel, avoid unhappy customers and delays?
Read More
As the 2022 charter season kicks off, Voly has announced that it is offering the yachting industry six months of free access to Voly’s APA (Advanced Provisioning Allowance) for charters.
Read More
Any seafarer worth their salt knows that passage planning is essential whether you’re cruising along the coast for a weekend away or exploring the Antarctic in a 100m+ expedition vessel, so why are we talking about it today?
Read More
As the war in Ukraine rages on, we have all read or heard about, either in the press or in conversation with others in the yacht industry, Russian sanctions. Few know exactly how the sanctions apply though, and what the end result will be for the yachting industry.
Read More
If your superyacht is paying too much in foreign exchange fees, here’s how Voly can help thanks to fees that are significantly cheaper than Britain’s business banks.
Read More
In the high flying, jet setting superyacht industry, vast amounts of money change hands on a daily basis. The UK’s Voly Group has introduced a revolutionary new software solution to help yacht owners, managers and captains manage their yacht’s expenses on a daily basis.
Read More
Over the past couple years there has been an increase in first time yacht buyers, meaning inexperienced buyers will be looking to their broker for guidance in purchasing a yacht. As a broker, you play an integral role in either the purchase or sale of a yacht.
Read More
Led by Louise Holloway, Sarnia Yachts’ crew management department is one of the company's three core pillars – comprising Ownership, Management and Crew – and has been one of the busiest areas of the 50-year business during the Covid-19 pandemic.
Read More
While a global economy increasingly connected by the internet has led to a gradual increase in cross-border yacht transactions, there has been less than comparable development in the use of digital closings in the yacht space. The primary reasons for this are two-fold.
Read More
Denison was the first yacht brokerage firm to accept bitcoin as a form of payment and the first company with the ability to accept cryptocurrency payments without a limit. Today it has completed more than five bitcoin transactions for yacht sales and yacht charter.
Read More
As Azul Marine joins forces with IGY by sponsoring the upcoming Caribbean Charter Yacht Show in St. Thomas, it is looking forward to unveiling a new value proposition for its clients while also becoming part of an exciting new charter event.
Read More
The Cannes Yachting Festival returned in style last week allowing yachting professionals to catch up in person after 18 month of cancellations. During the event we spoke with Alasdair Milroy, founder of Breaking the Mould Accounting, about the value of attending and the trends impacting his business.
Read More
For a new yacht owner, warranties are a saving grace as in the first year or two it's possible things are going to break. However, complying with the terms of a warranty is vital to avoid denial of a claim and additional expenses down the line.
Read More
For decades now, superyachts have represented the pinnacle of wealth, pushing the boundaries of functional beauty and elegant luxury. But as yachts get bigger, and their interiors ever more opulent, it is surprising how many advances from the technological world have been left behind over the years.Read More
The peaceful pastime of carefree yachting has now become a target for hackers and fraudulent behaviour, and as yachts are getting bigger and bigger, the need for additional security measures is growing too.
Read More
For the past 50 years, Sarnia Yachts has been one of the most trusted names in yachting. Since its launch in 1971, what was originally a fiduciary only business has become the go-to company for owners, family offices and brokers across the UK and Europe seeking yacht ownership and operational services.
Read More
For the uninitiated, the process of buying a yacht or jet anywhere in the world seems complicated enough. Add Brexit into the mix and it can suddenly become even more complex. However, Brexit does bring silver linings, at least for some UK yacht and jet owners.
Read More
The term ‘economic substance’ is not a new one, but for most of those working in the superyacht industry, it's either something they have heard of in passing, or an alien concept altogether. So what is it and what does it mean?
Read More
Whether it's individuals who have achieved new levels of wealth or those looking for safety and convenience in light of the pandemic, both superyachts and private jets are attracting an array of new buyers.
Read More
Last month the crew on the 31m MY La Dolce Vita had to abandon their burning yacht off the Florida Keys before fire totally gutted it and the yacht sank, and they may not have managed to take many of their personal belongings with them when they abandoned the yacht.
Read More
The adage about luxury asset finance that says: “If you need the finance, then you're probably not eligible for it” may sound confusing, but the fact that wealthy business owners would sooner finance their jet or yacht purchase, rather than pay cash, often makes perfect sense.
Read More
NDAs go by many names, but whatever you may call them, if you work on a superyacht you have probably been asked to sign one at some point in your career. If you haven’t, here is your chance to swot up before it’s your turn.
Read More
As director of Sarnia Yachts and a member of the board, Bruce Maltwood discusses the ever-changing complexities of a fiduciary business operating in the superyacht industry and what actions owners and charterers need to explore post-Brexit.
Read More
In recent months and years, the topic of making yachting more environmentally friendly has escalated from a simmer across the industry to a bubbling hot saucepan of change, and here's what's to come.
Read More
There are many words I could use to describe the superyacht industry and those who work within it, but if pushed for two key words to sum up the industry in 2020 I would have to choose “resilient” and “adaptable”.
Read More
Traditionally in yacht design, sustainability has not been high up on the priority list. However the world we live in is changing rapidly, and rather than claiming luxury immunity, the superyacht industry is starting to emerge at the forefront of clean technologies.
Read More