HFW Comprehensively Yachts: December 2024
It is once again time for Comprehensively Yachts, HFW’s twice-yearly briefing to the yachting industry. As ever, you will find it contains a range of commentary on matters of interest and importance to the yachting industry. First, after handling a succession of acrimonious charter disputes, several of which might have been avoided, our Monaco office set out a simple, but often surprisingly ignored, list of dos and don’ts for anyone embarking on a charter, whether they be an owner or a charterer. Second, having seen a growing number of clients enquire about the possibility of operating their yacht under the Yacht Engaged in Trade (or YET) programme, we consider the limitations and potential attractions of such an operation. Third, with biofuels increasingly being considered by owners, yacht builders and others, we examine some of the decisions to be made, in conjunction with Alessio Sbraga, one of our leading experts in environmental compliance, including emissions and fuel regulations, sustainability and decarbonisation. Fourth and finally, given recent cases brought against shipyards in the UK and the EU for infringement of timber regulations, we look at the regulatory landscape for the use of exotic timbers.
HFW hopes you will enjoy this edition and please do contact them if there is anything that you would like them to discuss in forthcoming editions, please do let them know.
Topics covered in the December issue are:
Navigating Yacht Charter Disputes: The “Dos” and “Don’ts”
Yacht charters are associated with luxury and tranquillity, but disputes can and often do arise when expectations clash with reality… https://www.hfw.com/insights/navigating-yacht-charter-disputes-the-dos-and-donts?
Limitations of the YET Programme: The possibility of dual use of yachts (i.e. the ability to use a vessel both privately and for charter while within the EU… https://www.hfw.com/insights/limitations-of-the-yet-programme/
Biofuels: Biofuels have long been touted as a readily available, potential transitional fuel solution that could contribute towards … https://www.hfw.com/insights/biofuels/
UK and Dutch Yacht Builders Penalised for Using Illegal Teak: Exotic hardwoods, particularly teak, remain ubiquitous in the fit out of large yachts. However, as recent cases … https://www.hfw.com/insights/uk-and-dutch-yacht-builders-penalised-for-using-illegal-teak/