Owning a big yacht means dealing with special insurance rules. The size of a yacht affects how much you pay for insurance, what the policy covers, and what you need to do to qualify. If you're buying or selling a large yacht, you should know how insurance companies...
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How do new lifejacket laws impact boaters’ legal responsibilities?
Recent updates to lifejacket regulations have introduced stricter requirements for boaters. These changes aim to improve safety and reduce drowning incidents. Connecticut law requires children under the age of 13 to wear a lifejacket at all times while on a boat. Some...
How can luxury yacht buyers ensure a clear title and avoid liens?
Purchasing a luxury yacht is a significant investment. Ensuring the title is clear and free of liens is essential to protect your financial interests and avoid future legal disputes. Understanding the steps to verify a yacht’s title can help buyers make informed...
How do privacy laws impact yacht surveillance systems?
The use of surveillance and security systems on luxury yachts has become standard practice for ensuring safety and deterring potential threats. However, integrating these systems must align with international privacy laws to avoid legal complications. Understanding...
How is sustainability changing the luxury yacht market?
The luxury yacht market is changing fast, and one of the biggest changes is the rise of eco-friendly yachts. Buyers are becoming more aware of their impact on the environment and want yachts that fit with their values. This shift is affecting what buyers want and how...
Legal considerations for yacht owners before a refit
Refitting a yacht can enhance its performance, appearance, and value. However, you must navigate certain legal and compliance requirements before and during the process. Ignoring these items can lead to fines, delays, or even safety risks. Understanding the...
Key clauses to limit liability in a yacht sale contract
Selling any vehicle can include potential liabilities, and maritime vessels are no exception. When selling a large yacht, sellers must craft a contract that limits liability once the transaction concludes. You and your legal team can consider some specific clauses and...
New trends in financing yacht acquisitions
Purchasing a large yacht is an exciting endeavor that involves more than just choosing the right vessel. It often requires navigating complex financial options tailored to high-net-worth individuals. The rise of peer-to-peer lending Peer-to-peer lending platforms are...
FAQs about necessary documents before taking a yacht trip
Embarking on a worldwide trip on your yacht is an exciting adventure that requires careful preparation, especially when it comes to having the right documentation. Ensuring you have all necessary papers in order is essential for smooth sailing across various...
3 things to check when buying a previously owned yacht
Buying a previously-owned yacht can be an exciting venture, but it is essential to conduct thorough checks before making the purchase. The possibility of structural issues or operational failures can lead to fatal accidents when you take the yacht out to sail. Here...