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Legal & Finance

Azul Marine: Presenting Fractional Yacht Ownership at CCYS

Posted: 4th Oct 2021

Written by: Karen Hockney

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

Speaking with Breaking The Mould Accounting at Cannes Yachting Festival 2021

Posted: 19th Sep 2021

Written by: Rebecca Whitlocke

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

Vessel Warranties - The Importance of Compliance with the Terms

Posted: 18th Sep 2021

Written by: Nick Zeher, Robert Allen Law

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

Boarding your Yacht? Please Mind the Technological Gap

Posted: 9th Aug 2021

Written by: Dom Bulfin

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.
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Wire Transfer Fraud: Check Twice, Send Once

Posted: 28th Jun 2021

Written by: Nicholas J. Zeher

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

Introducing the Next Evolution of Sarnia Yachts

Posted: 9th Jun 2021

Written by: Rachel Ingram

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

Buying a Yacht or Jet in the UK or EU: What You Need to Know

Posted: 20th May 2021

Written by: Lorna Titley

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

Economic Substance Requirements – Something to Worry About or Something Out of Nothing?

Posted: 30th Apr 2021

Written by: Dominic Bulfin

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

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

My Client is Buying a Private Jet, Now What?

Posted: 14th Apr 2021

Written by: Lorna Titley

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

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

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