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...
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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....
Big changes coming to yacht insurance contracts?
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...
Potential violations for illegal charter operations
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...
Thinking of bareboat chartering your yacht?
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...
Changes to Florida maritime law that yacht owners need to know
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...
Superyachts and wire-transfer fraud
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...
Reasons why boat owners choose to sell in the current market
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...
What bad economy? Superyacht sales are still going strong
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...
Is now a good time to buy a yacht?
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...