Purchasing a yacht with friends may seem like a dream come true. There is a lot of appeal in cruising the open seas together, sharing adventures and making memories. However, before embarking on this journey, consider several factors to avoid potential issues down the...
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3 things to know when selling your yacht through a broker
Selling your yacht through a broker can streamline the process and ensure a successful transaction. However, it is important to understand the legal aspects involved in such a sale. There are a few legal considerations to keep in mind when selling your yacht through a...
Legal risks to consider as a first-time yacht owner
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...
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...