By Barry Pickthall
Procuring a ship could be a minefield, yet a instruction manual like this can make it much more straightforward for would-be boat proprietors to make brilliant, expert choices.
Whether procuring a brand new or second-hand boat, would-be proprietors will achieve specialist recommendation on issues including:
- the kind of boat fitted to their needs
- the place to discover it (brokers, etc)
- what to seem out for
- find out how to check it (especially vital for secondhand boats)
- inquiries to ask
- surroundings a practical budget
- discovering a mooring
- documentation required
- and lots more and plenty, a lot more
Lively, smooth and engaging, and illustrated with colour images all through, this consultant is jam-packed with checklists and insights from genuine vendors who proportion their studies. Armed with this publication, would-be boat vendors are way more prone to turn out with the perfect boat for them!
Read or Download Buying a Yacht: New or second-hand PDF
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Additional resources for Buying a Yacht: New or second-hand
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. Under UK Law, this then gives you clear title of ownership over the items listed.
The surveyor will note whether the hull has undergone osmosis treatment, but not disturb the epoxy resin coating that has been applied. The readings from the ultrasound and damp meters, coupled with the practical test of tapping suspect areas of the hull, will give an indication to the surveyor whether further exploratory work is required to check for damp, delamination, and voids. Likewise, the engine and machinery are given a visual inspection only, and the surveyor will limit his report to signs of corrosion, oil and water leaks.
The most equitable way is to call in a marine surveyor to give a market value of the boat. Then the other parties either buy them out or the boat is sold and the proceeds split after all outstanding costs have been met. Family ownership has the advantage of offering a friendly way to share the cost of owning a yacht - and an army of helpers when it comes to rolling up sleeves to maintain her. Time-share Yacht partnership programmes operated by big charter companies like Sunsail and The Moorings provide the opportunity to purchase a new yacht at a discount and include her in their charter fleet.