In a global yacht insurance market that is still reeling from 20 years of low premiums and wide cover, resulting in huge losses to insurers and subsequent about turns in insurance cover being provided Hong Kong has recently been hit by a series of losses that has shaken an already jittery sector of the insurance industry.
A Yacht owning Company or SPV (Special Purpose Vehicle) is seen by many as a way to simply own a yacht but there are a number of other benefits; privacy, personal tax and estate planning, VAT, yacht chartering, ring fencing and flagging.
A better understanding of the ins and outs of yacht transport can not only assist you with making an informed decision when booking shipping, it also enables you to better plan your own logistics around the transport. Read on for a useful checklist, for anyone considering shipping their yacht.
Though the 2021 Mediterranean yacht season may have been a little late in its start, from the volume of new build and sale and purchase transactions we have been engaged with this year, it appears that the idea of yacht ownership is as popular, if not even more popular, than ever. Whether you are new to the industry or an old hand there will be something of interest to you in the following compilation of topical and legal developments to affect the yachting industry.
With the end of isolation approaching, the big regattas are back. Asia Pacific Boating’s latest issue: July/August 2021 takes a look at the fleet for the upcoming Rolex Fastnet Race, and explores how competitive sailing can play a role in ocean conservation. Feature stories include an exclusive interview with America’s Cup legend Sir Russell Coutts; an insight into the Schmidt Ocean Institute; a trip to the remote wreck diving haven of Chuuk Lagoon in Micronesia; and much more!
The Administration has developed a new database system (Upvise)that has been customised to meet all our vessel registration and crew certification requirements for the Cook Islands Ships registry. The new system enables the administration to provide our clients with electronic Certificates in accordance with the International Maritime Organization(IMO)guidelines as per FAL.5/Circ.39/Rev.2
Burgess is delighted to announce that the 33.9m (111.2ft) Feadship MOON SAND TOO is available for sale. The first of Feadship’s Lagoon Cruiser Series, the yacht features an exceptional use of glass, transforming both her appearance and the guest experience inside. Aluminium construction gives her both strength and light weight and her shallow draft of 1.8m (5.9ft) expands her cruising possibilities in destinations like Florida, The Bahamas and much of South East Asia.
There are many considerations that need to be taken into account when purchasing and operating a business aircraft. Many owners and operators are concerned primarily with regulatory compliance, direct and in-direct tax implications, registration and in some cases, ways to offset costs.
Welcome to Yacht Style Issue 60, which features the magazine’s annual Charter in Asia feature as well as a strong sailing theme reflected in a huge Racing section and Reviews of three sailing brand-new sailing models.
The 2032 Olympic Games to be hosted by Brisbane, the “River City” , will undoubtedly be a massive drawcard attracting an influx of superyachts to Australia. The successful bid will put Brisbane on the international map and help to increase Australia’s desirability as a destination for superyachts. The Brisbane River gives superyachts the ability to berth in the city which is relatively unique for a host city and very attractive for owners who are expected to relocate their yacht as their private base when they attend the games.
