To help you avoid any mistakes and problems and ensure a smooth and successful purchase, here are some tips on how to buy a super yacht:
Make an offer
The first step is to make an offer to the seller of the super yacht, either directly or through your yacht broker. Your offer should include the price, the terms, and the conditions of the purchase. Your offer should also include a deposit, which is usually 10% of the purchase price, to show your commitment and seriousness. Your offer should also be contingent on the satisfactory outcome of the following steps.
Conduct a sea trial
The second step is to conduct a sea trial, which is a test drive of the super yacht on the water. The sea trial is an opportunity for you to see how the super yacht performs, handles, and feels. The sea trial is also an opportunity for you to inspect the super yacht’s systems, equipment, and features. The sea trial should be done by you, your yacht broker, and a qualified captain and engineer. The sea trial should also be done in accordance with the seller’s instructions and the manufacturer’s specifications.
Perform a survey
The third step is to perform a survey, which is a thorough examination of the super yacht’s condition, value, and compliance. The survey is an essential step to ensure that the super yacht is safe, seaworthy, and legal. The survey should be done by a professional and independent surveyor, who will check the super yacht’s hull, structure, machinery, electrical, plumbing, safety, and environmental aspects. The surveyor will also provide you with a detailed report, which will highlight any defects, damages, or discrepancies that need to be addressed or resolved.
Negotiate the final price
The fourth step is to negotiate the final price of the super yacht, based on the results of the sea trial and the survey. The final price should reflect the true value and condition of the super yacht, as well as the market demand and supply. The final price should also take into account any repairs, upgrades, or extras that you want or need. The final price should also be fair and reasonable for both you and the seller. The final price should also be agreed upon by both parties in writing.
Sign the contract
The fifth step is to sign the contract, which is a legally binding agreement between you and the seller of the super yacht. The contract should include all the details and terms of the purchase, such as the final price, the deposit, the balance, the delivery date, the warranty, the title, and the registration. The contract should also include any contingencies, clauses, or conditions that protect your rights and interests. The contract should also be reviewed and approved by your yacht broker and your legal advisor.
Pay the balance
The sixth step is to pay the balance of the purchase price, which is usually done by a wire transfer or a bank check. The balance should be paid before or on the delivery date, as specified in the contract. The balance should also be paid in full and in the agreed currency. The balance should also be accompanied by a proof of payment and a receipt.
Take delivery
The seventh step is to take delivery of your super yacht, which is the moment when you officially become the owner of your dream super yacht. The delivery should be done at a convenient and suitable location, as agreed in the contract. The delivery should also be done in the presence of you, the seller, the yacht broker, and the crew. The delivery should also involve a final inspection, a handover of documents, a demonstration of systems, and a celebration of your achievement.
How to Enjoy Your Super Yacht?
After you have bought your super yacht, the last step is to enjoy your super yacht. This is the most fun and rewarding step, as it is the culmination of your hard work and dedication. It is also the beginning of your super yacht adventure, where you can experience the joys and benefits of owning a super yacht.
