Yacht Purchase

The Memorandum of Agreement (MOA) is a binding document that sets out the main terms of the sale of a vessel prior to final transfer. It is drawn up based on the international MYBA standard and includes the price, deadlines, completion conditions, as well as clauses for a positive inspection and sea trial.

Η υπογραφή του σηματοδοτεί την καταβολή προκαταβολής σε μεσεγγυούχο, διασφαλίζοντας τη διαφάνεια και την ασφάλεια της συναλλαγής για όλα τα εμπλεκόμενα μέρη.

The KYC (Know Your Client) process is an internationally mandatory step, designed to ensure the legitimacy of transactions, prevent fraud, money laundering and other illegal activities. It involves verifying the identity and financial status of the customer, whether they are a natural person or a legal entity.

In this context, YachtingMates will request specific supporting documents, depending on the legal form of the client, in order to carry out the required checks. The process is carried out discreetly, quickly and with the aim of minimal burden for the client.

The information and documents provided are kept by YachtingMates with strict confidentiality and limited access, in accordance with applicable legislation.

As part of the KYC (Know Your Client) process, YachtingMates collects and verifies the necessary supporting documents in order to ensure the legality of transactions, prevent fraud, money laundering and comply with the applicable legal framework. The supporting documents differ depending on whether the contract is concluded with a natural or legal person.

For individuals, the following are required:

– Copy of identity card or passport.

– Proof of residential address (copy of a recent utility bill or original bank statement, issued within six months).

For legal entities, the following are required:

– Certificate of incorporation and incumbency, signed by an authorized representative of the company.

– Recording of the corporate structure, reflecting the ultimate beneficiaries (natural persons), accompanied by the corresponding supporting documents.

– For the final beneficiaries: copy of ID or passport and proof of address (as above).

On occasion, additional information or documents may be requested, depending on the requirements of applicable law or the specifics of the transaction.

All data and documents are kept by YachtingMates with absolute confidentiality and limited access, ensuring client rights and compliance with relevant legislative and regulatory requirements. Reports are available to the client for full transparency.