Industry » Legal & Finance
Legal & Finance
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
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
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
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
Picture a time in the future when you're ready to leave yachting behind, the choice of what to do is all yours, or is it? Blacktower Financial Group specialise in Financial Advice for crew and share their tips on how to best take care of your finances before heading back ashore.
Read More
As the full impact of the COVID-19 pandemic emerges, Dominic Bulfin at law firm Bargate Murray examines the employment issues faced by yacht owners, managers and crew, and how well the seafarer employment agreement (SEA) has held up during this time.
Read More
From owners or captains choosing insurance plans for their crew to individuals looking for some personal medical cover, ensuring you have adequate insurance for all those working on board a superyacht is vital. We speak to MHG Insurance to find out more.
Read More
As the current pandemic emergency continues to develop around the globe, businesses involved in the world of ship finance, sale and purchase, and construction are beginning to feel the impact on the industry.
Read More
When it comes to certificates and documents for the closing of a sale, what is needed will primarily depend on the tonnage of the vessel and whether it will be used as a commercial or recreational vessel.
Read More
While yacht brokers often welcome a dual agency because it usually means they receive a higher commission from the sale, there are many things that a broker should know before moving forward as it's easy to run afoul of the heightened fiduciary duties.
Read More
Law, jurisdiction and dispute resolution provisions, including expert determination clauses are often overlooked in a heated contractual negotiation. Not unsurprisingly, at the start of a commercial relationship one is not focused...
Read More
In 2018 following the Mercedes-Benz ruling, both Cyprus and Malta withdrew their popular Leasing Schemes for superyachts. Both jurisdictions introduced revised schemes and both failed scrutiny a second time. It is now evident tha...
Read More
Since the pandemic, a health crisis has spread across industries all over the world, including yachting. More than ever before, people have become aware that having solid health insurance cover is crucial. Mathieu Henry, Director ...
Read More
Nautilus has raised questions about the potential impact of a precedent-setting UK court case, which found that a ship was rendered unseaworthy by a deficient passage plan.
Read More