45k USD for vessel transportation from Caribbean to EU

[schilke]

For anyone that cares, I wanted to share the costs of boat transportation from Ft. Lauderdale to Palma/Genoa (you can pick either at same costs) from an actual quote today. My boat is a cat with 13m x 7m x 1,20m draft.
The price tag for the first ship to leave in 2024 is approx. 44.500 USD + Custom fees.


Now you know it :-)

[boatman61]

Damn.. I've been under charging, that's 4 times what I used to charge for crossing on its own hull..

[Orion Jim]

Lest we ever forget yachts are very expensive toys…

[Montanan]

Originally Posted by schilke

For anyone that cares, I wanted to share the costs of boat transportation from Ft. Lauderdale to Palma/Genoa (you can pick either at same costs) from an actual quote today. My boat is a cat with 13m x 7m x 1,20m draft.
The price tag for the first ship to leave in 2024 is approx. 44.500 USD + Custom fees.


Now you know it :-)

If you are importing it versus pursuing temporary admission then presumably there will also be VAT due upon entry unless you have an exemption.

And there could be Spanish Matriculation tax.

[Montanan]

Re Spanish Matriculation tax on your vessel.

Will you have establishment in Spain?

Matriculation [Registration] tax

Spanish matriculation tax is an additional indirect tax obligation on boats purchased or used in Spain. It is foreseen only for private individuals or businesses not using the boat for commercial purposes. This tax is also important for foreign chartering companies because of a high tax rate of 12% and the lack of certainty on the position of the authorities about foreign businesses operating in Spain.

Matriculation tax is regulated outside the Spanish VAT law. Spain has a special indirect tax on sales of certain means of transport. Matriculation tax covers the first matriculation of vessel and recreational ships new or used, that have more than eight meters of length in the vessel registry.

The tax base of the matriculation tax is determined according to whether the vessel is new or used. In case of new vessels, the taxable base will be equal to the amount due on the acquisition of the vessel. In case of used, the taxable base will be the market value at the moment of paying the tax. The tax rate is generally 12%.

Exemption on Spanish Matriculation Tax
The exemption scenarios in the matriculation tax are included in article 66 of the Matriculation tax law. According to this article, the vessels that are wholly and exclusively used for chartering business activities will be exempt from the matriculation tax in Spain.

Self-supply of chartering services is not considered as business activities for the purposes of the matriculation tax exemption. Also, where the same client receives chartering services for more than 3 months within 12-month period, these services will also not be considered when applying the exemption.

The definition of self-supply is included in Article 79 of the VAT law. In the field of hiring recreational vessels, it is understood that there is self-supply when the client is a relative, couple, or other close family member. This self-supply requirement only applies to Spanish resident individuals and businesses established in Spain.

Matriculation tax for non-established companies
According to the matriculation tax, vessels must be subject to matriculation tax in Spain when they are used in Spanish territory by individuals or entities that are resident in Spain, or own establishments located in Spain.

In this respect, a vessel is not subject to matriculation tax in Spain if it is used by non-established businesses, or by individuals who do not own an establishment in Spain.



The concept of resident or established

It's important for foreign yacht owners to be aware of the circumstances upon which they could be classified as a Spanish resident, which are:

a) When an individual spends more than 183 days per year on Spanish territory.
b) When the main business interests or activities are centred in Spain directly or indirectly.

Those living aboard in a Spanish port need to be particularly aware of the 183 day proviso.

Registration Tax exemption

Those exempt from registration tax are as follows:

Owners of boats or yachts who move to Spain and fulfil the following requirements:

a) Their permanent residence must be outside Spanish territory for at least twelve consecutive months prior to moving to Spain.
b) The yacht has been purchased or imported according to the tax regulations in the country of origin or point of departure
c) The yacht must have been used by the person concerned in their former residence for at least six months prior to the date of leaving the country.

It's important to remember that to qualify for tax exemption due to moving, an application must be made within 60 days of establishing residency or bringing the yacht into Spain.

[Montanan]

Originally Posted by boatman61

Damn.. I've been under charging, that's 4 times what I used to charge for crossing on its own hull..

Boatman, don't worry, members of the CF will not consider or call you cheap.

[SailingHarmonie]

I was once asked to quote on a delivery from Fort Lauderdale to Seattle. After a bit of pencil pushing, I quoted a flat rate of $40K plus expenses. Delivery on a ship to Vancouver cost $45K.

Within the error bars, I'd say. I advised the owner to do the ship delivery.

[mcarthur]

Wow! We took our powercat 15 x 5m for less than $20k about 4 years ago. Peters and May.

[boatman61]

Originally Posted by SailingHarmonie

I was once asked to quote on a delivery from Fort Lauderdale to Seattle. After a bit of pencil pushing, I quoted a flat rate of $40K plus expenses. Delivery on a ship to Vancouver cost $45K.

Within the error bars, I'd say. I advised the owner to do the ship delivery.

That's what I used to do when I didn't want the job...

[schilke]

Originally Posted by boatman61

That's what I used to do when I didn't want the job...

What do you reckon would a delivery cost from Panama / Western Caribbean to Europe? Cannot be much less than 45k USD given the length of that nasty passage?!

[boatman61]

Originally Posted by schilke

What do you reckon would a delivery cost from Panama / Western Caribbean to Europe? Cannot be much less than 45k USD given the length of that nasty passage?!

You've moved the goalpost..
I thought it was Ft Lauderdale to Palma.. now it turns out it's Panama to Palma..
What's the boat and age.. how long have you owned it.

[boatman61]

Oh.. and would that be supply crew or owner assisted.

[schilke]

Don't worry. I won't ask you to do it :-)
Lagoon 410 2000, good condition
Brand new owner :-)
Fully crewed

[Zanshin]

@schilke - I don't know which company you got the quote from, but that rate is a bit high. I've had the first rate quote dropped significantly from the major shipping companies. I've shipped from the Caribbean to Newport (J57 - 57 feet/30 tons) for quite a bit less.

[boatman61]

Originally Posted by schilke

Don't worry. I won't ask you to do it :-)
Lagoon 410 2000, good condition
Brand new owner :-)
Fully crewed

Then why ask for a quote..

But what the hell.. €15,000 plus flights for 3 from Portugal and delivery related expenses.. fuel, port/marina charges etc.. Departure early/mid November.
All this presumes all survey recommendations completed and engines freshly serviced.