Owning a yacht can be an exhilarating experience, but it comes with its fair share of legal responsibilities and risks. As a first-time yacht owner, sooner is better when it comes to addressing these potential hurdles. By going into your first yacht transaction with...
Blog
Common pitfalls in yacht deals and how to avoid them
When entering the world of yacht deals, you need to navigate the waters with caution. Yacht transactions, while exciting, can be fraught with pitfalls that could turn your dream purchase into a nightmare. Overlooking inspection issues The yacht industry was an $8.91...
4 steps to take when your yacht has construction defects
Owning a yacht is a thrilling venture that brings joy and excitement. However, encountering construction defects can be a bump in the smooth waters of yacht ownership. It is important to address these issues promptly to ensure your vessel remains seaworthy and your...
How can yacht charters help owners offset costs?
Luxury yacht ownership is a dream for many, but the associated costs can be daunting. However, many savvy yacht owners have discovered an elegant solution to mitigate these expenses: yacht charters. If you’re thinking of ways to offset costs as a first-time yacht...
Questions to ask before buying your first yacht
Many people who buy yachts have wanted to complete such a purchase for years or perhaps even decades. It may be one of the things that they set out to do with their life, and they are thrilled that they have finally reached a point where it’s possible to enjoy this...
Monohulls vs. catamarans: Which is right for you?
One of the most crucial decisions you'll need to make when you decide to buy a yacht is choosing between a monohull and a catamaran. Both types of yachts have their unique advantages and drawbacks, and your choice will significantly impact your sailing experience....
Is nondisclosure of a yacht’s defects grounds for a lawsuit?
Buying a yacht is a major commitment. These large, luxury vessels can cost more than a starter home might. Individuals in Connecticut preparing to purchase a yacht are often so eager because of the location, condition, appearance or price of a vessel offered for sale...
Why liability insurance is so valuable for yacht owners
When people discuss boating insurance for yachts, the focus is often on the value of the vessel and the possibility of future repairs. There are obviously many insurance claims each year that directly relate to damage to a yacht or other vessel that an owner may...
First-time luxury yacht purchase considerations
If you’ve been dreaming of sailing on pristine waters with the wind in your hair and indulging in opulence and comfort, owning a luxury yacht can turn that dream into reality. However, purchasing a luxury yacht can be overwhelming, with numerous options, features and...
Vessel Documentation: What do you need to know?
The appeal of the ocean for many is irresistible, and the dream of owning your own yacht or vessel is a goal that you have worked hard to accomplish. However, before you take your new ship out on the sea, you will need to be sure you have the proper documentation....