Sale & Purchase of Yachts

GP Advocates advise on terms and conditions of standard sale and purchase contracts and sale agreements, personal guarantees, title of the vendors, registered encumbrances, sellers’ warranties and indemnities and VAT status of yachts or pleasure crafts. We work closely with our correspondent law firms and intermediaries in various yachting jurisdictions with a view to coordinate the various stages of an SnP transaction, including, registration of the yacht on her delivery to the buyers, deletion of the yacht from the Malta Register of Shipping following completion of the sale transaction, registration of mortgages over yachts. We also provide ancillary services including holding of the deposit in escrow, drafting and vetting of crew agreements, tax advisory services, payroll services and VAT compliance of the sale transaction.