Insurance for Catamarans

Posted on Categories Maritime & SuperyachtTags

You would think that marine insurance policies would be drafted to adequately protect the boat owner generally, given the accepted fact that boats live in a hostile marine environment. And that the insurer’s risk analysis policy would not make the customer the scapegoat, by interpreting their policies so broadly. However, it appears that some insurers are becoming more inclined…

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How your business can avoid GST when transferring yacht

Posted on Categories Commercial Law, Maritime & SuperyachtTags

 If you’re business is registered for GST and you are looking to restructure, it is important to get the correct legal tax advice, as incorrectly restructuring assets in your business may incur an unnecessary GST debt, which may be costly as boats are generally expensive assets. Given that GST is payable at a rate of 10% on the value…

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Sea Routes in Disputed Territories

Posted on Categories Maritime & SuperyachtTags

Centuries of trade have defined many different trade routes throughout Asia based on favourable currents and winds that made trade commercially viable. While wind and currents are no longer essential to use these routes, they remain historically and legally essential for the transit of vessels from; commercial shipping through to fishing and the smaller cruising craft and the modern…

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Keeping it Shipshape with Maritime Insurance

Posted on Categories Maritime & SuperyachtTags

Maritime Insurance The origin of insurance itself is water-bound. Maritime insurance is considered one of the earliest well-developed forms of insurance, with its origins in the Greek and Roman maritime loans of the 18th Century. Today, In Australia, marine insurance policy contracts are governed by the Marine Insurance Act 1909 (MIA). Marine ‘adventures’ and ‘perils’ Under MIA, contracts of marine insurance are…

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How to secure your boat sale: a tip for brokers

Posted on Categories Maritime & SuperyachtTags

A well-drafted contract will assist the sales process and help to secure your boat sale. You may ask how is this possible? Usually the words ‘Boat Sales Contract’ are often considered as making the sale process more complicated. The starting point with securing a boat sale is to ensure that your contract meets the brokerages practical and legal…

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