Purchase of a Yacht
By your side every step of the way
Buying a boat is a significant investment, which is why it requires the appropriate care and knowledge.
YachtingMates accompanies you through the complex process of finding your next boat and simplifies it for you.
We find the ideal boat, in the the most competitive price, our inspectors check it thoroughly and we complete the process with the guarantee that our legal department provides for you.
For Sale
Tropida Marine
The Process
Contact form
Fill in the form and tell us about the parameters that make up the ideal boat for you. We will then contact you and discuss the options available.
Visit - Pre-agreement
Once we have found a boat that meets your wishes, we make the first visit. If it meets our requirements, a Memorandum of Agreement (MOA) is drawn up with the assistance of our legal advisors and a deposit is paid (usually 10% of the agreed price and kept by the escrow agent named in the MOA). Note that the pre-contract includes a clause for a positive survey and sea trial at a later stage.
Inspection & Survey
The inspectors-engineers we work with will do a haul out inspection/survey when required, as well as a sea trial. They will prepare a detailed report with specific reference to damage and extract the final conclusion. Our legal advisors will check the necessary documents and certificates.
Signature & Delivery
The process is completed with the signing of the private agreement - Bill of Sale, the payment of the seller and the physical delivery of the boat, at which point the parties sign the Delivery and Acceptance Protocol.
Useful Information
Rule 80/20
The choices in boats are endless. To narrow them down we need to consider what it is that we will be doing with our boat most of the time (80% of the time). So, our choice will be different if we wish to make long trips to islands and stay overnight on board and completely different if we aim for a short excursion use of the boat, such as one-day fishing trips and so on.
Used or New
In general, when we buy a new boat, we can expect a fairly rapid depreciation, i.e. a rapid loss of its commercial value. On the other hand, a second-hand boat has already suffered this depreciation, so we are not in as much danger.
But a used boat should be carefully checked by professionals in the field to rule out problems that can cost us dearly later on. If this is done you can have peace of mind about your purchase, as our engineers will draw up a survey that covers every part of your boat. So financially it makes sense to have a surveyed used boat, otherwise we are looking at something new.
Marina or Parking
If we don’t intend to dock our boat (and we don’t want to, marina spaces are extremely hard to come by), then we may need to rent a space if we don’t have parking. Most importantly, we will need to understand the legal (and practical) limitations of a trailer. Maximum weight of 3.5 tons, a trailer permit is required, as well as insurance. So this is where downsizing might be appropriate.
The Nautical Art
The nautical art is certainly mastered with experience. But if you don’t have this experience and you are buying your first boat, our company can put you in touch with our reputable partners who will help you learn everything about your boat, from its handling, its electronic systems, its loading-unloading, its correct mooring and so on.
For any questions or clarification, please feel free to contact us!
