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...
Maritime Ownership
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...
3 common construction problems with yachts
Building yachts is an intricate process that demands precision and expertise. Despite planning and execution, construction issues cause delays and additional costs. People should explore common issues encountered during the construction of large yachts. 1. Lack of...
6 issues to be aware of before you buy a yacht with good friends
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...
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...
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...