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Full Yachting transactions support

Yachting has long been synonymous with luxury, freedom, and unparalleled exploration. However, the complexities of yachting transactions, including sale and purchase agreements, and contract drafting, require expert handling to navigate the intricate legal, fiscal, and operational considerations.

Sale & Purchase Assistance: Navigating Complex Transactions

Buying or selling a yacht is a significant investment, and expert support in sale and purchase transactions ensures seamless execution and compliance with Maltese regulations. Key aspects include:

Pre-Purchase Consultation and Due Diligence

Before finalising a yacht purchase, a comprehensive due diligence process is essential. This includes (i) ownership verification, in order to ensure clear title and absence of encumbrances, (ii) technical inspections, in order to conduct the necessary surveys to assess the yacht’s condition and its compliance (or otherwise) with Maltese requirements and regulations, and (iii) compliance checks, in order to verify adherence to safety and regulatory standards amongst others.

Drafting and Negotiating Sale and/or Purchase Contracts and Addendums

Sale and purchase agreements should reflect the unique aspects of the transaction while protecting both parties. Key elements include (i) price and payment terms, (ii) warranties and representations providing assurance regarding the yacht’s condition, specifications, and legal standing, and (iii) delivery terms defining the handover process, including location, timing, and documentation. During the negotiation stage, it is also important for the Buyer to ensure that all the necessary documents in relation to the vessel required for Malta flag registration, such as the Bill of Sale, are obtained from the Seller so that the registration process is as smooth as possible.

Post-Purchase Agreement Assistance: Ensuring Smooth Operations

Owning a yacht, whether for private enjoyment or commercial purposes, requires well-structured ownership plans with the necessary arrangements in place depending on the usage of the yacht backed by agreements to ensure compliance with jurisdictional rules and regulations. Malta’s regulatory environment supports flexible chartering arrangements, provided the right legal and operational frameworks are in place.

Drafting Charter, Leasing and/or Management Agreements

Comprehensive charter agreements outline the rights and responsibilities of all parties. Key considerations include (i) the type of charter, (ii) usage terms, and (iii) liabilities and insurance terms identifying the allocation of risks, including damage, loss, or third-party claims.

In addition, professional support ensures smooth charter, leasing and/or management operations, wherein we may assist with creating the legal arrangement between the owner and the lessor and/or yacht manager. We are also in a position to assist and facilitate with crew management together with the owner’s selected partners, particularly in relation to crew’s payroll and ensuring compliance with labour laws and getting the crew on board a Malta flagged vessel approved by the relevant transport authorities in Malta.

Choosing the Right Partner for Full Yachting Transactions Support

Navigating the complexities of yachting transactions and chartering agreements under Maltese jurisdiction requires a partner with expertise in maritime law, taxation, and operational management.

Whether you’re buying or selling a yacht or managing chartering agreements, expert support ensures seamless execution, compliance, and operational efficiency. By leveraging Malta’s advantages and partnering with experienced professionals, you can enjoy the freedom and luxury of yachting with confidence and peace of mind.

Contact our team today to learn more about how we can assist with your full yachting transaction needs under the Malta flag.

Disclaimer: The information provided on this website is for general informational purposes only and does not constitute legal or professional advice. We recommend seeking guidance from a qualified legal or professional advisor, with whom we can put you in touch to assist and provide specific advice related to your situation.

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