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Legal & Finance

My Client is Buying a Private Jet, Now What?

Posted: 14th Apr 2021

Written by: Lorna Titley

Whether it is individuals who have achieved new levels of wealth or those who desire the expediency and safety of travelling by private jet or isolating on a yacht during and after the pandemic, there is now an array of new entrants for both markets. Read More

Repatriation of Personal Possessions

Posted: 14th Apr 2021

Written by: Captain Rod Hatch

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

Yacht and Business Jet Finance: What Does the Future Hold?

Posted: 8th Apr 2021

Written by: Lorna Titley

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

Crew NDAs: All You Need To Know

Posted: 28th Feb 2021

Written by: Dominic Bulfin

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

The Changing Climate for Superyacht Regulation

Posted: 9th Jan 2021

Written by: Dominic Bulfin

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

‘Crisis? What Crisis?’ The Resilience of the Superyacht Industry

Posted: 8th Jan 2021

Written by: Quentin Bargate

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

Superyachts and the New Sustainable Movement

Posted: 7th Jan 2021

Written by: Dominic Bulfin

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

Crew Employment and the COVID Curveball

Posted: 23rd Aug 2020

Written by: Dominic Bulfin

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

MHG's Mark Bononi on Insurance Policies for Yacht Crew

Posted: 21st May 2020

Written by: OnboardOnline

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

The Effects of COVID-19 on Ship & Yacht Finance

Posted: 24th Mar 2020

Written by: Grant Eldred and Sarah Allen

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

Superyacht Documents and Certificates: An Overview

Posted: 30th Dec 2019

Written by: Claudia Casalis, Esq. and Nicholas J. Zeher, Esq.

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

Do’s & Don’ts of Dual Agency Broker Representation in the US

Posted: 30th Nov 2019

Written by: Claudia Casalis & Nicholas J. Zeher

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

Dispute Resolution Clauses – Ignore at your Peril!

Posted: 4th Oct 2019

Written by: Sarah Allan

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

Yacht Ownership - The End of Leasing Schemes?

Posted: 20th Aug 2019

Written by: Dominion

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

WYCC on the Market for Yacht Crew Insurance

Posted: 8th Jul 2019

Written by: OnboardOnline

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

Precedent-setting UK Court Case Rules Cargo Ship Unseaworthy

Posted: 6th Jun 2019

Written by: Nautilus Int.

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

WYCC: An Approved Retirement Plan for Seafarers in France

Posted: 7th May 2019

Written by: Laurent Previdente

WYCC 'French Law' is the first retirement plan for seafarers created in accordance with the French Decree 2017-307 of 9 March 2017. The program was submitted and approved by members of the French government, ENIM and Maritime Affa... Read More

Best Countries for Yacht Crew to Invest in Property

Posted: 2nd May 2019

Written by: Simon Conn

Property prices have risen sharply in Paris and the market on the Côte d’Azur remains strong, but savvy buyers can still find deals that offer access to the coast and yachting lifestyle. As a UK and overseas property professional ... Read More

Navigating the Yacht Insurance Storm

Posted: 29th Mar 2019

Written by: Sarah Allan

When it comes to buying, converting or building a superyacht, insurance can sit a long way down the priority list but a certain level of insurance is mandatory, and can be a godsend if something does go wrong. But recent events su... Read More

Clarity on French Social Security Obligations

Posted: 14th Mar 2019

Written by: John Cook

Now that the furore surrounding the implementation of the French Decree on social security for seafarers who are resident in France and working on a foreign flagged vessel has died down, John Cook surveys the options available to ... Read More

Q&A Chris Allix: Yacht Ownership and the Trend for Private Use

Posted: 27th Nov 2018

Written by: Don Hoyt Gorman

Setting up superyacht ownership structures requires expert knowledge amidst a legal and fiscal landscape that is constantly evolving. However, if there’s one person always in the know it’s Chris Allix of Dominion Marine, so we cau... Read More

Maltese Limited Partnerships, Everything You Need to Know

Posted: 8th Nov 2018

Written by: Bruce Maltwood

Sarnia Yachts give us an insight into the world of Malta Limited Partnerships. Also known as a partnership ‘en commandite’ (or Malta LP), they provide a practical and secure method of yacht ownership. They also provide transparenc... Read More

WYCC and SGRM Offer New Solutions for Crew Insurance

Posted: 25th Sep 2018

Written by: Don Hoyt Gorman

Superyacht crew insurance has barely changed in a decade, despite critical shifts in social policy. Updated solutions are needed. Based in Florida, the international insurance brokers SGRM, have partnered with WYCC Luxembourg, to ... Read More

Alternative Solution to TAR (Temporary Admission Relief)

Posted: 27th Aug 2018

Written by: Chris Allix

The Mediterranean summer season is in full swing with clients deciding whether or not and how to sail in Europe. As the superyacht industry is aware, European Customs are getting stricter with regard to the operation of superyacht... Read More

What is Meant by ‘Use and Enjoyment’ of a Yacht?

Posted: 17th Aug 2018

Written by: Chris Allix, Dominion Marine

Whenever we read about VAT in the superyacht industry we see the phrase ‘use and enjoyment’, but what exactly does that mean? The rules and rates vary between EU member states but they are determined by the state where usage comme... Read More

Dominion Marine: Shaping the Future of Yacht Ownership

Posted: 2nd Aug 2018

Written by: OnboardOnline

Last year, Dominion Marine took the opportunity to rebrand its entire business and launched their new ‘DM84’ image and website reflecting the pedigree of a company built on over 30 years of success in the superyacht industry. Read More

How do Crew Access Good Financial Advice?

Posted: 9th Jul 2018

Written by: Johanna O'Brien

The UK has some of the tightest financial regulations in the world, but the offshore environment still lacks the same level of client protection. Many superyacht crew have fallen prey to bad financial advice, so Johanna O'Brien of... Read More

Ask the Expert: Life Insurance

Posted: 14th May 2018

Written by: Simon Dixon

Life insurance. One of the dullest topics on Earth UNTIL it becomes urgently necessary. That’s when you wish you had paid a lot more attention to it. Taking the time to get it properly organised, especially in a profession entaili... Read More

The Alternative to Leasing

Posted: 27th Mar 2018

Written by: Chris Allix

It is well known within the yachting industry that the EU Commission has issued a notice to Malta and Cyprus that they intend to commence infraction proceedings against them in relation to their leasing schemes. We understand that... Read More

Yacht Management in 2018 – How Sarnia Can Help

Posted: 26th Feb 2018

Written by: Steven Marquis, Senior Relationship Manager

One of the themes discussed at the recent Superyacht Investor Conference was yacht management and its role for both the owner and the captain. Sarnia’s Steven Marquis summarises why effective yacht management brings value for mone... Read More

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