By Barry Pickthall
Paying for a ship could be a minefield, yet a instruction manual like this may make it much more straightforward for would-be boat vendors to make good, educated choices.
Whether deciding to buy a brand new or second-hand boat, would-be vendors will achieve professional recommendation on issues including:
- the kind of boat suited for their needs
- the place to discover it (brokers, etc)
- what to seem out for
- how you can determine it (especially very important for secondhand boats)
- inquiries to ask
- atmosphere a pragmatic budget
- discovering a mooring
- documentation required
- and masses, a lot more
Lively, smooth and engaging, and illustrated with colour pictures all through, this consultant is jam-packed with checklists and insights from actual vendors who percentage their stories. Armed with this booklet, would-be boat vendors are way more more likely to turn out with definitely the right boat for them!
Read Online or Download Buying a Yacht: New or second-hand PDF
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Extra info for Buying a Yacht: New or second-hand
The simplest way to secure this is to spread the payments across a number of credit cards. Then, in the event of the agent or builder going out of business, you can make a claim against the card companies. The purpose of stage payments is to fund the cost of equipment and materials during the construction process. One way to secure these payments is to stipulate within the contract exactly what those assets are: the mouldings, engine, spars, sails, electronics and furnishings etc, then ensure that moulding and part numbers are listed as addendums to the contract.
Ensure that these items are covered in the contract. Value added tax (VAT) If you are a EC resident intending to use the yacht in EU waters, then VAT must be paid. The same applies if you are importing the boat from outside the EU. Ensure that the bill of sale lists the VAT element. You will need to show this whenever you sail to another country and when you sell the boat. Small Ship Registration (SSR) If finance is being obtained, most lenders will insist upon Part I registration of the yacht in order for the loan company to register their interest.
Live aboard? 5. What is your budget? • Determine what you can afford, including ongoing costs. These include: • Mooring fees • Insurance • Registration fees • Safety equipment • Annual maintenance including lift-outs for scrubbing • Sailing instruction courses 6. What type of yacht will best suit your temperament? • Are you competitive by nature, or prefer to cruise leisurely from one destination to the next? • If you plan to race, then performance may take priority over interior comforts. • For cruising, seaworthiness, ease of handling and protection from wind and waves will be of most importantance.