Protecting Your Interests In New Yacht Construction Matters
Whether you are an individual or a company planning the construction of a new, one-of-a-kind yacht, the funding for a construction agreement, and the terms and conditions of the construction contract must be carefully considered before any actual shipbuilding has begun.
Four Generations Of Connecticut Lawyers, A Century Of Service, An Uncommon Advantage
At Bohonnon Law Firm, we negotiate U.S. and International marine vessel construction agreements for clients from throughout Connecticut and across the country. Our extensive experience in this area allows us to negotiate better terms and conditions for our clients in the majority of transactions.
Ensuring Smooth Transactions And Efficient Results
We also act as liaison to shipbuilders, boat yards, manufacturers, marine architects, engineers, yacht captains, and others in order to facilitate smoother, more efficient results. Issues related to the construction of new vessels, for which we provide services include:
- Construction fund agreement review
- Analysis of tax implications
- Regulatory documentation
- Escrow management
- Enforcement of construction contracts
- Captain’s and crew’s employment agreements
In addition to these, it is also critical to consider the tax implications associated with where the boat is built and where it is delivered. We have a comprehensive understanding of tax laws related to marine vessels and will help you to avoid any unnecessary tax liabilities.
We also handle a variety of post-closing issues including warranty claims, products liability claims, cost and schedule overruns, punch list items, and more.