Applicable law and nature of the contract It should be noted that certain jurisdictions classify shipbuilding contracts, and hence their yacht counterpart, as construction contracts instead, and therefore the choice of law applicable to the agreement is crucial. Choice of law clauses may expressly choose the law of a given country or can be less straightforward, making reference to the law of a place with a particular connection with the contract at stake. A further difficulty is that … [Read more...]
Tips and Practical Things
Tips and practical things in the yachting and yacht brokerage world.
Introduction Yacht building contracts (as any other shipbuilding contracts) are complex transactions devised for the construction of a floating vessel (be it an oil tanker, a cargo ship, a yacht, or a superyacht) in a complex contractual framework. In the industry, they rather use standard form contracts which will be amended at will by the parties. In those templates will be negotiated individual agreements. Shipyards will produce sometimes their own contracts just to reflect their … [Read more...]
Boat builders from everywhere have to respect certain building and security standards. They must get a handle on all the different boat building standards, rules and regulations that were ever produced. Most countries subscribe to some published set of guidelines, codes or laws that a boat builder must follow in order to sell a boat in that country. Fortunately, there is parity between many of the different international regulatory bodies that create these standards, so in most cases there are … [Read more...]
This blog is dedicated to yacht owners, actual or future ones, and sea lovers in general. If yacht brokers are part of this, it's a pure coincidence. As a future yacht owner, I think that you can skip working with a broker, especially if you buy a new yacht. I have recently read an article of the "requirements" to be a yacht broker, in case you want to be one if you love yachts, can't afford to buy one and want to work in the marine industry. It wasn't very relevant, because it was superficially … [Read more...]
Wikipedia has inspired me with a new post when in making a list search, comparing it with yachtworld. Not that I hundred percent trust Wikipedia, but at least, it seems that some things are more thoroughly done than others, and in this case they were more reliable. I was looking again for a list of manufacturers, to have it handy when I make a review, and I found a list of boat types, which I'm going to adapt and make a complex post here, one that I want to be of reference, like a real … [Read more...]