Purchase/sale of pleasure craft and their commercial exploitation
Greece is strategically located and attracts large numbers of investors interested in the yachting sector. However, investments like that require guidance and advice from a well-trained legal team so as to safeguard your interests as an investor during the entire process.
If you are interested in investing in the yachting sector for the first time or are already involved in it, our legal team is at your disposal and can provide legal advice on all issues relating to your yacht.
Our law firm is active in the yachting sector, providing top quality legal services relating to the purchase and sale of yachts flying a Greek or foreign flag. We offer full legal support on issues relating to the chartering and commercial exploitation of such yachts in general.
We represent our principals, whether individuals or businesses, safeguarding your interests to the greatest extent possible during the entire yacht purchase/sale process, and continue to provide legal services even after the yacht has been acquired to help you enjoy use of the yacht or commercially exploit it.
Legal advice, representation and negotiations to close a deal advantageous to you, our client.
Legal due diligence relating to the yacht (e.g. checking for encumbrances, VAT regime) and its paperwork.
Setting up pleasure craft shipping companies or other companies to acquire ownership of the yacht.
Drafting the Memorandum of Agreement (MOA).
Signing the Memorandum of Agreement (MOA) and arranging for the prospective purchaser to pay the advance.
Advice during the yacht inspection stage.
Collecting the necessary certificates and documents relating to the yacht in general.
Drafting and signing the Bill of Sale.
Ensuring proper payment of the price.
Delivery and acceptance report for the yacht.
Completion of transfer of the yacht and registration with the competent departments.
Legal support for registration of the yacht.
Renaming of the yacht and change of flag if the purchaser so wishes.
Drafting of charter parties and all manner of agreements to commercially exploit the yacht.
Additional services
Legal support and representation on issues deriving from improper chartering of the vessel (e.g. non-payment of the freight, non-payment of fuel costs, etc.).
Resolution of maritime law disputes in or out of court.
Offering guidance and advice on yacht insurance issues in collaboration with experienced, specialized associates.
Offering guidance and advice on tax issues in collaboration with experienced, specialized associates.