Shipowners have a number of rights and responsibilities under maritime law. These rights and responsibilities are governed by a variety of sources, including international treaties, national laws, and custom.
Category: Shipowners’ Rights and Responsibilities
Yacht Ownership Structures: The Legal Pros and Cons
If you are planning to buy a yacht, one of the most important decisions you have to make is how to structure the ownership of your vessel. There are two main options: personal ownership or corporate ownership. Each option has its own legal pros and cons, which we will explain in this article.
Flagging the Yacht: The Legal Implications of Choosing a Flag State
When you own a yacht, one of the most important decisions you have to make is which flag state to register your vessel with. The flag state is the country that grants nationality and legal jurisdiction to your yacht, and that determines the laws and regulations that apply to your vessel, such as safety standards, […]
Yacht Purchase Contracts: What You Need to Know
If you are planning to buy a yacht, you need to know how to prepare and negotiate a yacht purchase contract. A yacht purchase contract is a legal document that outlines the terms and conditions of the sale and purchase of a yacht between the buyer and the seller. It is essential to have a […]
Yacht Disposal: A Legal Overview
Yachts are not only expensive to buy and maintain, but also to dispose of when they are no longer wanted or usable. Depending on the size, condition and location of the yacht, there may be different legal requirements and options for yacht disposal. I provide a brief overview of some of the main legal aspects […]