Hi Rancher 44. You need 100% certainty before you buy any boat. Don't be affraid to ask a lot of questions to the seller! Here are a few examples of what you can ask the seller:
- Is the yacht registered in the National shipping
register? Can you show a copy of the registration
document showing you are the legal
- Is there a mortgage upon the vessel?
- When not-registered; do you have a 'Closed transcript' or 'Declaration of non-registration' from your national register to proof this?
- Can you proof you are the legal
owner by showing me the last sales agreement or 'Bill of Sale'?
- Do you have the original invoice with a proof of payment or a tax declaration stating the VAT has been paid (including proof of payment like a bank slip)
- What are the damages that you know of?
- What are the estimated yearly costs of this boat?
He is bound to answer the last two questions because they seem easy. Especially the yearly costs are a trick question for someone who doesn't know anything about boats and wants to scam you. This will already tell you a lot. If the seller can't give you these answers and documentation
than you should leave this alone.
Never buy a boat without seeing it first!
Never buy a boat without a professional survey!
Never buy a boat without the required paperwork and documentation!
Never wire money
to the seller before delivery
> always use a bank guarantee or a lawyer's escrow account (100% certainty and safer than a broker). A bank guarantee gives security
of payment to the seller, but when you don't receive delivery
of the boat for some reason you still have your money
. Only with a signed bill of sale
and a signed protocol of delivery (proof of delivery) the bank guarantee can be used by the seller. In that way both parties have security