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....
With insurance prices in the millions of dollars, having insurance for your yacht is critical to ensure that you are protecting the investment that you have made in your ship. Although it may not be something you think of often, your insurance could potentially be...
The Coast Guard caught and ended the illegal operation of a charter vessel last year. These illegal operations carry harsh penalties due to the danger they pose to the public. In the example mentioned above, the Coast Guard and Okaloosa County Sheriff’s Office...
Many yacht owners share their time between multiple homes and keep their yachts stored away in one of the cities where they own a residence. Some yacht owners who enjoy their vessels on a seasonal basis every year seek to maximize their yacht’s usage and...
Yacht owners who regularly dock in South Florida should be aware of changes in the law that recently took effect. The Boating Safety Act (BSA) aims to reduce deaths, injuries and damage from boating accidents, which have been on the rise recently. Among the new...
Sending money electronically or via wire-transfers has its risks. This is especially true when it comes to large amounts of money. As technology makes it much easier for criminals to defraud people, including yacht buyers and sellers, it is critical to understand how...
Why sell your yacht when you and so many ocean lovers around the U.S. remain committed to the boating lifestyle? Well, as it turns out, the results of a recent survey disclose that few cite poor economic conditions for selling their boats. Actually, the opposite seems...
The 2022 Monaco Boat Show wrapped up recently and the biggest takeaway is that the economy and fuel prices haven’t slowed down superyacht sales. Here are a few noteworthy items from the event. Demand remains high There were a near-record 118 yachts, with a combined...
The pandemic fueled a frantic yacht-buying spree for people wanting to get a little distance between themselves and possible COVID infections. Now that the pandemic is cooling, a buyer’s market is flourishing. Here’s why: Buyer’s remorse A full-time boating lifestyle...
Buying your first yacht is a veritable tornado of emotions, ranging from excitement (“We’re going to have so much fun!”) to shock (“Maintenance costs how much?”). Whether you’re buying an existing yacht or having one built, this is a complex transaction with many...
