Sailing Yachts

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 the longest (80% of time). So, our choice will be different if we wish to make long trips to islands and stay overnight on board our boat and completely different if we are aiming for a short excursion use, such as day trips for fishing and so on.

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.
A used boat, however, should be carefully checked by professionals in the field to exclude 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.

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.

A Memorandum of Agreement (MOA) is a binding document that sets out the basic terms of the purchase and sale of a vessel prior to the final transfer. It is drafted in accordance with the international MYBA standard and includes the price, dates, completion conditions and a positive survey and sea trial clause.

Upon signature, an advance is paid to a guarantor, while the transaction proceeds transparently and safely for all parties.

The KYC (Know Your Client) process is a mandatory step applied internationally to ensure legality and compliance with anti-money laundering rules and any international sanctions. It involves verifying the identity and financial status of the customer, whether a natural or legal person.

In this context, YachtingMates will request specific documentation, depending on the legal form of the client, in order to carry out the required checks. The process is carried out with discretion, speed and with the aim of minimizing the burden on the client.

All relevant reports are available for information, and the data and documents provided are kept by YachtingMates in strict confidentiality and restricted access, in accordance with applicable legislation.

The documents requested under the KYC procedure differ depending on whether the contract is with a natural person or a legal entity (company).

For natural persons, required:
- A copy of your identity card or passport, certified as an exact copy.
- Proof of residential address (certified copy of a recent utility bill or original bank statement - issued up to six months ago).

For legal entities required:
- Incumbency certificate signed by an authorized representative of the company.
- A corporate structure signed by a representative, reflecting the ultimate beneficiaries (natural persons), accompanied by relevant supporting documents.
- For final beneficiaries: proof of identity (certified copy of passport or identity card) and proof of address (as above).

Where appropriate, additional information or documents may be requested if required by the applicable legal framework.

All reports are made available to the client, and the data and documents provided are kept by YachtingMates in strict confidentiality and restricted access, in accordance with the relevant legislation.