Luxury Yacht Group advises and maintains records on compliance regulations, issues of flag state, classification societies, vessel certificates and licenses. Company ownership structures can be recommended, including the assessment of insurance liabilities and coverage and administrate any claims on behalf of the yacht or the crew. An annual survey and report on the yachts status is also prepared.
The team at Luxury Yacht Group is familiar with the current rules and regulations and keeps abreast of their development in this constantly evolving industry. As yachts are getting bigger there is an increasing number of regulations that apply to the industry. The information below is designed to give an overview of some of the most important aspects concerning the rules and regulations applicable to owning a yacht, and the assistance Luxury Yacht Group can provide.
For further information please contact Rupert Connor rc@luxyachts.com
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Registration There are a considerable choice of Flag States and multiple factors involved in selecting a particular one. We can assist you make the best possible decision by marrying the requirements and legal implications that would be most appropriate for the operation of your yacht under its specific circumstances. Assistance can be provided with the following: |
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Company Ownership Structure The options for ownership structures are vast and we are able to advise with the formation of foreign corporations. Regardless of her location every yacht is subject to the jurisdiction of the country or state in which she is registered and also the laws of the country in which she is cruising. |
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Regulatory compliance We can advise and assist captains and owners with the often cumbersome paperwork entailed within the regulatory world. Our insight into the rules and regulations enables us to formulate accurate compliance solutions for your yacht. The following bodies covering maritime safety are the ones in which yachts must comply: |
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Insurance The intricate circumstances involved in the yachting industry require very specific arrangements for the provision of marine insurance. We are able to make recommendations of insurance coverage by specialist companies appropriate for the Owner's requirements and the yacht's operation. Below is a brief outline of what protection categories usually include: |
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For further information please contact Rupert Connor at rc@luxyachts.com
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