Legal considerations before buying a Superyacht

The article outlines key legal considerations for prospective superyacht owners. It advises choosing between personal or corporate ownership, highlights the benefits of using a special purpose vehicle (SPV) for asset protection, and explains the differences between purchasing a new build and a pre‑owned vessel. It emphasises the need for a detailed Memorandum of Agreement (MOA) covering price, payment schedule, specifications, delivery terms, warranties and dispute resolution (arbitration). Buyers are urged to conduct thorough due diligence on the yacht’s condition, flag and registration before signing contracts, and to consult experienced lawyers and brokers.

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