Knowledge Base

Boating Safety Tips

Operating a vessel on open waters will expose you to many unpredictable risks and weather conditions that may cause harm to you and your passengers, and you boat. Taking the necessary safety precautions when using your boat is therefore extremely important…

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Popular Yachting Terminology

As a yacht owner or sailing enthusiast, is it important that you know some of the most commonly used yachting terminology. Understanding certain terms and phrases will help you to become more familiar with the industry, and will enable you to join sailing clubs where such terms are often used…

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Tips for Buying a Yacht

When buying a boat, there are a number of factors that should be taken into consideration before entering into a contract of sale with a yacht seller/broker. Whether you are an experienced boat owner or a first time buyer, obtaining the advice of a professional consultancy firm or independent yacht broker is important…

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Role of the receiver of wreck

The receiver of wreck is usually a government official whose role is to conduct investigations on boat wrecks for the purpose of finding the legal owner of the vessel and its property. Through conducting thorough investigations, the receiver of wreck will not only ascertain the rightful owner of the property, but can also…

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International Association of Classification Societies (IACS)

The International Association of Classification Societies, commonly referred to as IACS, is made up of 10 organizations. The purpose of IACS is to set the maritime standards for vessels with regards to design and structure. To gain a better understanding of which classification society applies to you, it is advisable to consult with an industry…

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Reasons to get a Boat Survey

Buying a vessel is a huge financial commitment for many, and it is therefore important that all the necessary checks are made before a sale of contract is signed between the prospective yacht buyer and the vessel seller. A boat survey will identify any existing or potential problems…

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Why obtain Maritime Finance

Obtaining maritime finance has become one of the most popular and beneficial methods in acquiring your dream yacht, ship or other vessel. Typically, maritime finance is sought when purchasing a yacht or ship, while the vessel purchaser can enjoy additional benefits in addition…

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What is ship breaking

The term ‘ship breaking’ refers to the activity of breaking up vessels for the purpose of recycling. Ship breaking is also known as ‘ship demolition’ and is an activity carried out in most countries worldwide. Ship owners must be aware of ship breaking, particularly if they wish to dispose of their vessel…

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What is a boat survey

A boat survey, commonly referred to as a marine survey, is a type of assessment and report carried out on a yacht or ship. The purpose of a boat survey is to ascertain the vessel’s condition and market value. It is vital that only a qualified, experienced and reputable marine surveyor carries out the survey to ensure that the results obtained from the report are…

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What is hull insurance

Hull insurance is one of the main types of marine insurance policies available in the marketplace. It covers a broad range of damages on a vessel’s hull, machinery, and equipment, which in turn gives the vessel owner a level of confidence and security in operating their yacht/ship on international waters. The type of marine insurance policy sought will depend heavily on…

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