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, […]
Category: Shipowners’ Rights and Responsibilities
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 […]
