Industry » Legal & Finance
Legal & Finance
The PYA would like to inform you that the Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on Crew Familiarization fo...
Read More
Recently, there has been a flurry of complications surrounding yacht crew and B1/B2 visas. In an effort to obtain a better understanding of the underlying issues, Northrop & Johnson Crew Services Manager Duncan Bray not only sat d...
Read More
The requirements concerning all non-EU flagged vessels and all vessels with non-EU crew on board are currently in particular focus by the Mallorcan Police Border Office.
Read More
The United States has one of the most progressive tax systems in the industrialised world. Taxes are imposed on net income of individuals and corporations by the federal, most states, and some local governments.
Read More
Understanding the implications of the BOFIP 12.05.15 for commercial yachts. The Bulletin of May 12, 2015 which integrates the existing French Commercial Exemption (FCE) has already generated a lot of chatter and some concern.
Read More
Since the ECJ ruling “Bacino Charter Company” it has become increasingly difficult for owners of commercially registered yachts to continue to operate their yacht on a real commercial basis. This arises from the unprecedented numb...
Read More
Coming soon to a yacht near you - bonanza time for Flag and Port State Control. As a courtesy to allow ship owners more time to become compliant, most Port State Control (PCS) authorities have been requested to postpone enforcemen...
Read More
The first guest blog from David Hammond, CEO & Founder of Human Rights At Sea. Human rights at Sea (HRAS) continues to work directly with organizations in SE Asia in the ongoing matters of migrants abandoned at sea by traffickers.
Read More
“An Inspector Calls” was a popular morality play written by the English playwright J.B. Priestley at the end of WW II. As Priestley himself remarked about the characters in his play, “They are losing all pride and interest in the ...
Read More
This month I had the opportunity to sit down with Amanda Taylor from Marine Accounts for a Q&A session on the Offshore Disclosures Facility.
Read More
In recent weeks tax with an emphasis on the Seafarers Earnings Deduction has been a hot topic of debate on social media and yachting forums. The aim of this article is to try and de-bunk some of the myths that are becoming common ...
Read More
I am often asked by junior and senior crew alike what would be my top 10 financial tips for anyone beginning a career in the yachting industry.
Read More
Sir Mervyn King, the Bank of England's outgoing governor, says he believes low interest rates should remain in place to assist those UK citizens who are deeply in debt. Smart Financial Planning's Steve Martin offers this advice f...
Read More
As flexible as credit cards are, unlike cash, you could end up paying extra money just to use them and these charges are unwelcome at the best of times, especially when you are trying to budget and lower your expenditure. Here ar...
Read More
Reading a yacht insurance policy is often like reading a novel in Greek but, it' vital to understand your policy to protect yourself from breaching it or being denied coverage.
Read More
Döhle Yachts' updated guide to the MLC, is rated “The first digestible guide to the MLC which will help the initiated and uninitiated alike through the major impacts of the MLC.”
Read More
What's really new about the MLC? Are the new contracts always favourable for yacht crew? What should you look out for in your SEA's? Jörg Wendt from D and B Services tells you some things to watch out for in the new regulations...
Read More
How does a boat dealer or Florida licensed yacht broker import a boat into Florida for sale? If a boat is brought into Florida for the sole purpose of sale by a boat dealer or Florida licensed yacht broker, it will be exempt from ...
Read More
MLC 2006 comes into force next week - 20 August! Everything you need to know about Survey and Certification of UK ships is summarized in MSN 1848 (M).
Read More
The deadline for implementation of the MLC 2006 is 20 August 2013, which is fast approaching. All commercially operated yachts need to comply and yachts over 500GT will require an MLC certificate. Non compliance could lead to dete...
Read More
The French Commercial Exemption (“FCE”) was first introduced into national law in 2004 as a clever piece of legislation, unique to France, designed to allow VAT exemption to the commercial activities undertaken by yachts operating...
Read More
I am writing to you about recent changes which have taken place relating to Port State Control inspections (PSC) inspections in Europe, and to which your yacht may be subject. We recognise that this is causing some concern amongst...
Read More
With most failed yachting transactions, the biggest reason for litigation is determining who breached the agreement and what happens to the money that’s already changed hands – otherwise known as the “good faith deposit.” The good...
Read More
MLC 2006
The Maritime Labour Convention (MLC) becomes mandatory on 20 August 2013. Read More
The Maritime Labour Convention (MLC) becomes mandatory on 20 August 2013. Read More
Before ILO Maritime Labour Convention 2006 could come into force, it required ratification by enough nation states representing a specific proportion of the world’s shipping tonnage. These two criteria have now been met and the Co...
Read More
The current worldwide economic climate has forced shipyards to reduce prices for new construction in order to compete in an increasingly crowded marketplace. Oftentimes, prospective purchasers will find it more cost-effective to p...
Read More
The Maritime and Coastguard Agency (MCA) is a world leading maritime administration and the originator of the Large Commercial Yacht Code. Ensign is the Large Yacht Survey unit of the MCA.
Read More
The arrest of a vessel in the USA, whether she is private or commercial, is part of the process by which a Court in Admiralty gains jurisdiction over the subject matter of a lawsuit. These lawsuits are known as "in rem" actions, m...
Read More