Month: December 2017

Yacht insurance basics

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Anyone who can afford a yacht knows that it is a major undertaking. Caring for a yacht is hundred times harder than taking care of a ten-foot johnboat used to tool around a lake searching for bluegills.

A yacht is nothing short of a house on water. With all the comforts of home and then some, it is a marvel of engineering and expense to boot. Affordability is not really an issue when it comes to yacht ownership, but protecting ones investment is. When you have spent more on a boat than other people spend on a home and car combined, then you have every right to make sure that the money you spent will not be in vain. Insurance is the only option in this case and you should choose the policy wisely when dealing with large sums of money like the cost of a yacht.

First off you will need to determine the coverage for the entire yacht. This amount will represent the amount that you would need to get back should the vessel become a total loss. There are several ways in which any type of boat can be lost, the least of which being theft and the worst being explosion. An explosion is a more real threat then you realize when you consider the amount of fuel being carried below decks of a large yacht. A misplaced collision with another boat can cause an explosion that will most likely destroy the entire craft. This type of coverage is the normal amount required by a financial agency that has fronted the money for the yacht. This is to protect them from loss.

Next you should figure the equipment on board the boat that should be covered. This can consist of the motors, navigational equipment, riggings, anchors, and radios. These items are essential to the yachts operation and should be protected against loss or damage. This type of coverage can also include any personal items on board that need to be protected. This is similar to homeowners insurance in that respect as those policies generally cover household contents to a certain degree.

If the boat is stored in a region that is prone to violent weather conditions like hurricanes, then a provision in an insurance policy for this type of loss should also be considered. The loss from weather related occurrences is tremendous and most standard insurance policies do not offer coverage in this area. It may cost a considerable amount more to be covered against weather related damage but it will be worth it should the need arise.

Lastly you should consider damage to other crafts caused by your yacht. Even the most experienced seaman can make a mistake or an error in judgement and this can cause damage to boats in or around the area. Protecting yourself with insurance coverage against such incidents can mean the difference between terrible financial devastation and no more the matter of filing some paperwork with your insurance company.

Impressive Benefits Of Yacht Charter Martinique

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Popularly known as the -Island of Flowers-, Martinique is the biggest island in the Wind-ward Islands chain. It offers diverse types of yacht charters such as: Captain yacht charter, catamaran, sail and motor, luxury crewed yacht charter etc. The island is home to myriad assortment of flowers, trees and plants. The 425-square-mile island is patterned with plantations producing pineapples, papayas, sugar, guavas, cinnamon, coffee and mango.

When you are on Martinique vacations, there is so much of fun you can do in this island. On the other hand, it is natural for people to regard that a yacht charter is only for the rich class as it is too expensive. However, nowadays there are many affordable Martinique Yacht Charter available that suits your budget requirements. If there are 2 or more people in your party, the prices of yacht charter are very much comparable.

Before you make up your mind taking up the yacht charter services, do consider these below mentioned advantages that are here as under:

The biggest advantage of considering yacht charter for your vacation is the experience you obtain. No doubt, when you go on luxury yachts you will have a different experience as compared to ordinary ones, because you are on the sea. Also, it is not like that when you are on the ocean, the quality of rooms will be compromised.

With a yacht charter, you have full liberty to roam around the places within the cruising area. Plus, you can do whatever you want to do. The charterer will be completely responsible for making the decisions and so, you don’t have to go through the Ship Sails At boards. You can enjoy the peace of a private world.

When you are taking yacht charter, it is not wrong to say that the world is yours. As, yachts operate all over the world, you can travel wherever you want to. Yacht charter is growing at a rapid rate, new locations and yachts are added to meet the increasing demands of people.

Coming to talk about the food, well on opulent yacht charters, you can enjoy your favorite food. There is a plenty of Caribbean cuisine which you experience on the ships. In fact, bars are also available in the yachts that offer a magnificent variety of alcoholic and non-alcoholic drinks with special cocktails in order to cool you down when there is a hot weather outside.

Are you into adventurous activities? Well, there are a lot you can enjoy on the charters. You do not have to worry about your security since we have trained professional divers who make sure you remain safe all the times. If you also have a desire to go snorkeling, then these divers can offer you a great help. Thus, we give you a great opportunity to uncover the marine life. What else you can think of in this beautiful island?

Top 10 Things To Consider When Planning Your Motor Yacht Delivery

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Motor yacht delivery can seem like a daunting task. Moving such a large, valuable asset from one side of the ocean to another needs specialised skill and careful planning. When you are planning your motor yacht delivery there are a number of considerations.

This checklist will help you plan your motor yacht delivery:

1.Motor yacht delivery captain will you undertake the journey yourself as an owner-captain, or due to time constraints or skill level, do you need the services of a professional skipper who undertakes motor yacht delivery. Remember a motor yacht delivery skipper can result in a faster delivery, easier insurance and less wear and tear on the vessel.

2.Timing of the motor yacht delivery if arrival timing is critical, you may want to consider a professional motor yacht delivery skipper. Timing of the motor yacht delivery may also depend on seasonal weather influences.

3.Weather your skipper needs an intimate understanding of weather and sea conditions. Ideally your motor yacht delivery skipper will be experienced with the weather across the seas you need crossed and have the tools and skill to best deal with unexpected weather during your motor yacht delivery.

4.Navigation routing can mean the difference between smooth seas and treacherous conditions during your motor yacht delivery. If you and your skipper are not familiar with the route, extra research is required. Ideally, engage a skipper who has experience with motor yacht delivery along your required crossing. Subtle rerouting along the way by an experienced skipper can make the difference between a safe motor yacht delivery and unfortunate incidents at sea.

5.Vessel maintenance your motor yacht needs to be in safe, working condition before the commencement of the motor yacht delivery.
6.Paperwork prior to departure of your motor yacht delivery, your delivery skipper should prepare all relevant customs and immigration documentation.

7.Crew obviously sourcing crew is one of the first tasks when organizing a motor yacht delivery. Once you have employed a motor yacht delivery skipper, they will organise the other crew members for the motor yacht delivery.

8.Communication agree on a communication time-table including contact while at sea and reporting post-motor yacht delivery.

9.Owner on board as an owner, it is of course your choice to travel on the delivery journey. Taking an active part in the motor yacht delivery can enable you to learn new seaman ship skills from your motor yacht delivery captain.

10.Set expectations this comes back to communication and planning. Whether you use your regular skipper or a dedicated motor yacht delivery service, you need to be clear in your expectations. If you need daily reports, delivery by a certain time or can only be contacted at a certain time of day, let your skipper know in advance. This will result in better communication once the motor yacht delivery is underway.

Ensure the above 10 points are covered for a smooth motor yacht delivery contact Captain Stuart Carter, professional motor yacht delivery captain.

An Eco-friendly Luxury Motor Yacht

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The design of a revolutionary yacht, amid Luxury Superyachts, was announced by Solar Sailor, in the recent past. This is a super green yacht, named Soliloquy constructed by Alastair Callender, of Coventry University.

Dr Robert Dane, the renowned CEO of Solar Sailor stipulated that they were quite impressed by Alastair’s resume and the notion itself seemed an ideal equivalent with Solar Sailor. Consequently, Alastair has constructed a major rigid-wing, 58m superyacht powered by solar energy, wind in addition to a fusion of marine power technologies.

This yacht utilizes renewable energy, along with biodegradable materials as well as unparalled construction techniques, to ensure that it is a prominent Green luxury yacht.
Soliloquy overcomes the limitations of yacht design convention, and aims at the prospect of spotless Luxury Yachting. This ground-breaking and highly proficient motor-sailor proffers a lot of advantages, and this will definitely enhance her appeal to prospective investors in addition to proprietors.

This is a superb yacht, as it is powered silently by hybridelectric as well as renewable energy. This is a boon, for the industry as it will convey zero-emission capabilities, as well as result in considerable savings within fuel costs.

The novel overhead beams of Soliloquy is a sweep forward in the direction of the bow and has structural advantages, in addition to providing inspirational visual aesthetics. The ground-breaking rigid-wing rig, plus architecturally vibrant form, is a matchless sight for mariners who glimpse her, worldwide.

This project has a definite holistic plan approach, to which Callender states that it was his intention to concentrate on ascertaining probable solutions to a few of the existing problems linked with the superyacht industry. He asserts that this is an ideal yacht as every occasion to be environmentally conscientious has been taken care of.

Soliloquy has all the opulence of Super yachts, devoid of the vibration, clamor, and fuel costs plus huge pollution levels linked with a motor yacht. You can look forward to the most modern and original technology by Solar Sailor Holdings Ltd.

The additional innovations within this luxurious vessel include a superstructure which is ever-evolving and this creates a truly distinctive visual exhibit to the onlookers. There are unparalleled and flexible inside as well as outside areas intended for socializing, which feature uncovered living spaces resting on the main deck.

Its eco-luxury design philosophy, and cold molded building method, utilizing wood from sustainable managed forests, contributes significantly to the unassuming opulence.

This Luxury Motor Yacht aims to express the possibility of a greener future within luxury yachting which is possible by harnessing the power of the natural world.

This superyacht is a distinctively sculptured architectural form and is at the same time, visually vibrant. Its most ideal aspect is the utilization of high-tech green technology.

This yacht is a noted one, amid Luxury Superyachts, and it is the outcome of applying Solar Sailor Holding Ltd’s established technology inside the superyacht industry. Furthermore, on account of less crew, enhanced levels of mechanization add to increased privacy for approximately 12 guests. This yacht is unquestionably a revolutionary one, in the super yacht industry.

Future Of Boating And Yachting Industry In China, India And Asia.

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Almost all of us who have anything to do with pleasure boats, wonder how is the boat market going to be in the future? Where is it going from here? Do pleasure boats have any future? Will the trend of owning and selling boats be a larger market or smaller due to world’s economy. What will particularly happen in Asia? Which country will be the major boat market? China, India, Indonesia perhaps? Importantly what steps should be taken today, in order to create a better market in these countries.
In Hongkong, we are realizing the obvious saturation of boating market and almost all dealers and global manufacturers of boats are pointing towards China and India. Making these 2 countries the biggest potential boating markets.
Lets talk about China first and realize that in 2005 we had big hopes for the boating business in China, we thought that the boating industry would be huge by the year 2010. Well, we are in 2010 now and China clearly has not picked up to that level of prediction, so the market is still slower than what the lot of industry experts had predicted. The reason behind that is China’s rules and regulations in pleasure boat industry. Taxation and licensing rules are very unclear in China. The rules are different for different states in China and for new boats there is a 40% tax.

Infrastructure and development speed in China however, is fantastic. But there are very few pleasure boats that are floating on the waters of China. There are definitely buyers for a high end yachts, but the maintenance is still difficult and costly. People are prepared to pay to own a luxury yacht but they are not willing to put a lot of time, over spend on maintenance, pay high taxes and go through long procedures to acquire licenses. Some marina clubs in China are now assisting in providing necessary licenses for their members, but it is not cheap. Another way the Buyers handle this issue, is by simply keeping and using their boats in Hongkong. This obviously overcrowds HK’s marinas and does not help much to boost sales into China.

A way to overcome this issue and in order to create better regulations in future, is for brokers in Hong Kong to sell more low priced and good quality used boats into China. If dealers stop hunting for high end clients and direct more marketing towards the younger and median rich clientele, It will create a lot more pleasure boats in the waters of China. The market will surely respond. Forbes list of 2010 confirms that there are 64 billionaires in China, however, a point to note that there are over 900,000 people whose net worth is more than 10 million RMB. Majority of these people are younger than 39. Even a larger and younger population exist, who are up to 5 million RMB worth.

There are definitely more number of people who are willing to spend a small amount of money initially for a boating venture. Since boating lifestyle is not very common for China, the importance should be given to bringing more boats into China, which are not very expensive and are good in quality.
This can fill the marinas, force the management to grow and also provide decent opportunities for shipyards to work.
It will also force government to look into creating manageable regulations and taxing, and if the growth of this concept is healthy, this will undoubtedly create a friendlier and hassle free market for the high end yacht buyers. In any case, China will have a large boating market, but to make it earlier than later, depends on our actions today.
Lets talk about India.
One of the biggest advantages India has is that Indian mentality and lifestyle is very adaptable to western lifestyle. India adapts and accepts ideas, culture and products from the west very easily. High number of Indian population speaks in English. Almost everyone understands English. If you are a non-Indian company, you can easily find educated work force in India. It is also easy to set up a service centre and to train workers due to India’s language capabilities and educated population.
GDP growth of India is currently 7.2%, The country is ranking no.5 in the billionaires list and India currently holds approximately 200,000 millionaires with net worth of USD 1 million to 10 million, and a larger population of people that are worth slightly less. India’s upper middle class population is expected to grow about 10 times in the next 10-15 years.
But here are the set backs! India’s politics is a chaos, corruption exists in many sectors and things become inefficient.
Major concern is that the infrastructure growth is slow. Due to corruption and differences in political groups, it is difficult to commence any kind of infrastructure. The marina which was due to be built more than 5 years ago in south of India is still not ready. Therefore the speed of development of marinas is a lot slower than China. Boat owners still do not have berthing facilities in India.
On a positive note, being the world’s largest democracy the rules and regulations are flexible and with its plus points, if the luxury boat business does reach a good start like having few working marinas and few decent boats. Indian market for boats will see faster growth than of China’s boating market.
The dealers of boats in India also need to market cheaper and quality yachts for bigger clientele. More boat chartering businesses also can boost the industry in this initial stage.
I am also sure it wont be too long until I can have hassle free cruises in the waters of India and China.

by Baggy Sartape
For more info on boats www.asia-boating.com