Costs involved to operate a ship
Before purchasing a vessel, or forming a shipping company, it is important to gage an understanding of the costs involved with operating vessels. Whether you have a large scale cargo ship or small luxury yacht, the costs of operating it will be excessive. It is advised that ship owners and shipping companies enlist the advice and guidance…
Naming a boat
Naming or re-naming a boat is an exciting experience, and necessary process for vessel owners to go through. Deciding on the name for a vessel is often influenced by tradition, and superstitions which can make the process of finding a suitable name stressful for the owner. Consulting a professional consultancy firm or …
What marine services can I enlist
When buying a vessel, it is beneficial to know which marine services are available for you to use. The registration of a vessel, obtaining marine insurance and finding an appropriate marine finance plan are all challenging processes to go through, particularly when you are unfamiliar with the necessary industry standards and requirements…
What is marine piracy
In the maritime and shipping industries, the term piracy is well known and feared, particularly by those who navigate international waters with valuable vessels, cargo and passengers on board. By definition, the term piracy refers to robbery or theft of a vessel and its property. Although, now the scope has broadened to include…
Scope of a yacht broker
Yacht broker is the term given to a professional specialized agent who acts as a representative for the sale of ships, yachts or other marine vessels. The role of a yacht broker is typically to facilitate the relationship and contract of sale between a yacht seller and buyer to ensure a legitimate and straightforward process is achieved…
How to register a super yacht
The process for registering a super yacht can be made significantly easier when enlisting the services of a professional consultancy firm that specialize in yacht registration in favorable flag states. Owners of super yachts can seek registration in flag states that offer low or zero tax rates and high levels of privacy…
Danish Maritime Authority
The Danish Maritime Authority, commonly abbreviated to DMA, is the shipping registry and main marine authority in Denmark. The DMA has a number of responsibilities in relation to regulating and monitoring the shipping and maritime activity in Denmark. Yacht owners wishing to register their vessel under the Danish…
Used vessel purchase checklist
The purchasing of used vessels as opposed to new ships and yachts is commonplace in today’s society. However, before committing to a contract of sale for a used vessel, it is important that the buyer is fully aware of the various factors that influence and determine a successful purchase…
Who is a salvor
The term salvor is used when referring to a person who carries out a form of marine salvage. Marine salvage can be any form of vessel, cargo or vessel equipment rescue. The term ‘salvor’ can be used for any form of marine salvage whether it is contract, pure or naval salvage…
What is vessel registration
Vessel registration is a legal process and involves applying for registration to the relevant maritime registry in your chosen flag state. Owners will be required to notify the maritime registry of their ownership status of a vessel, and state their desire to have the vessel registered under that flag. Registering your yacht or ship…
