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A yacht broker is a specialist who serves yacht or boat sellers and/or buyers as a representative for the sale or purchase of a yacht or boat. The yacht broker is paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.
However, you can use a yacht purchase for a tax deduction. “Regarding tax breaks for U.S.-based yacht buyers, you can take a one-time expense deduction in the year of purchase equal to the ...
There are hundreds of bareboat yacht charter brokers or agent companies, which offer yacht finding and travel organisation services that are similar to travel agents but only more specialized. Their purpose is to use their experience and networks to locate a client's ideal bareboat in terms of price and location.
To terminate the sales and purchase contract, there are two main procedures and the buyer must follow these steps: Firstly, the buyer should put a notice to inform the seller that there is an encumbrance he/she is aware of and, secondly, the buyer should seek clarification on the seller's intention concerning the encumbrance by specifically ...
A boat from the last 10 years of models costs an average of $47,000, while basic models can run around $1,000 or less and yachts can go into the millions of dollars.
The yacht may be part of a holiday flotilla and is sometimes crewed by an employee of the owner. At the end of the hire period, the charterers are expected to pay for the fuel that was used. A contract of affreightment is not strictly a charter contract but is somewhat similar to a voyage charter. Under a contract of affreightment, the ...
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