Large yachts, also known as ‘superyachts’ or ‘white boats’ may be acquired solely for recreational use, for commercial use or a combination of the two. If you are thinking of chartering a superyacht in Australia, there are some things you may need to consider before you begin your journey. The LY3 Code Vessels in Australia may be subject to regulation…
Sharing your yacht with friends, family or trusted business partners can prove to be a cost effective way of ‘having your cake and eating it to’. It’s fair to say that generally your purchase will be emotional and involve a dream. However, every purchase has a cost point where your wishes and reality intersect and this should be considered. Depending…
Marcel, Principal Lawyer and Consultant of Vaarzon-Morel Lawyers shares some of his experiences while assisting in boat transactions both in Australia and Overseas alerting the reader to both the practical and legal realities. Early Advice Early contact with your lawyer is in itself an important point, as so often clients contact us after the horse has bolted or should I…
From armed conflicts to delivering pizza it is undeniable that drones are becoming part of our everyday living. And like the smart phone soon we will wonder how people got along without this technology, of course, there will be those who feel it’s all gone too far. But like it or hate it drones are increasing in numbers and like…
When you are looking to purchase a vessel from overseas, the saying ‘t oo good to be true’ could apply. There will almost always be additional costs to importing. Some costs to consider on top of your purchase may include GST, the cost on duties, agent fees, reflagging costs, shipping costs, removal of refrigerants and potential changes to the electrical…
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 to…
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 of…
Logix Consulting has kindly provided us with their booklet on Corrosion Services. Please click here to download A PDF version of the booklet Corrosion. Please click here to download A PDF version of the booklet Corrosion
Please click here to download a PDF version of our Insurance and Corrosion Infosheet
The New Zealand Millennium Cup is back on the agenda with a fleet of yachts showing off on the emerald waters of the Bay of Islands. In these circumstances it seems very fitting to discuss the rules of yacht racing and how it actually applies to the law of sea. While I would love to talk about when yachting goes…