Maritime Labor Convention 2006 and Its Effects on Yachting
On August 20, 2013, the Maritime Labor Convention (MLC) came into force. It will impact owners’ ability to commercially charter their yachts and will change the way we build yachts. Devised to protect the unprotected crew, the MLC adds another burdensome layer of governance on yachting.
Your Yacht, Your Money: Insurance Policies vs Yard Contracts
Reading a yacht insurance policy is often like reading a novel in Sanskrit: just about impossible. But understanding your yacht’s insurance policy is critical to protecting yourself from breaching the insurance policy and being denied coverage.
Maritime Convention 2006
On August 21, 2013 the requirements introduced by the Maritime Labour Convention 2006 (MLC) come into force. MLC will affect all commercial shipping, including commercial yachts. While yachts under 200 gross tons may not have to comply with all the MLC requirements, this decision has been left up to the yacht’s relevant flag state.
Buying A Yacht: The Pros and Cons of Corporate Purchase Agreements
If you are considering buying a yacht, Make sure to do “due diligence” and review your options, including corporate ownership.
As seen on Facebook: A drinking crew with a yacht problem!
Think twice about what you post online. Social media is here to stay and though it's a good way to stay in touch with friends and family and expand your network, there are reasons to worry. Do you know who will re-tweet or like your page? Once your news is out, there is really not way to know where it will end.
Hail to LY3
In anticipation of the new rules--and to help designers and builders prepare new designs in accordance with these rules--the MCA has made its new LY3 Large Commercial Yacht Code public. MCA representatives attended the Monaco Yacht Show in September and made themselves available for questions and clarifications.
The Nitty Gritty of Registering Tenders
Registering a tender not a complicated matter, but it should be taken as seriously as any yacht documentation. The type of registration required for a tender may vary but, generally, if a vessel is used independently of the mothership or is towed or delivered on its own bottom, it requires its own registration.
Brass Tacks On Taxing Yachts
When traveling internationally, or even if you're staying close to home, it can be a chore to keep track of the ever-changing laws and taxes surrounding recreational boating. Here are some recent developments you may need to know about before making your next purchase or planning your next cruise.
Before you turn over the yacht keys make sure you’ve crossed your Ts. Chartering a yacht isn’t as simple as handing over the keys to a friend who’s paid $1,000 to go cruising during the weekend. This article attempts to shed some light on a few fundamentals of yacht charter in the United States.