Sarnia Yachts has today announced that, subject to receiving regulatory and competition authority approval, it is being acquired by independent global private wealth and corporate services provider Praxis, in a strategic move that will expand its existing yacht...
In recent months, Sarnia Yachts have developed new technology which allows clients to run their luxury asset efficiently and effectively. This ultimately results in a smooth operation for our owners so they can get the most satisfaction from their investment. The Crew...
As the new season approaches you might find yourself weighing up the pros and cons of chartering your yacht. Yacht charter has seen consistent year on year growth, albeit with a slight decline during Lockdown last year. However, in a post-pandemic world yachts are...
It is perhaps a by-product of the way that the superyacht industry has naturally evolved, but the notion that Ownership service provision, Crewing and Yacht Management belong to fundamentally different sectors of the industry is now outdated. Having established...
Thanks to our considerable experience and often long-established relationships with constructions yards, designers, naval architects, major subcontractors etc, we are able to offer the advice Owners need to guide them through the build process, together with the...
The Brexit Impact On The Med Fleet There has been much discussion within superyacht circles on the VAT status of yachts post Brexit and equally there has been and continues to be a degree of uncertainty following Brexit. Here we will look at typical scenarios relating...
Sarnia Yachts have been watching the Brexit negotiations closely from all perspectives and whilst we don’t provide regulated insurance advice, we know that insurance is essential for the protection of our client’s assets, so what is the current state of play? After...
HM Revenue & Customs have issued guidance surrounding the movement of yachts in and out of the UK in anticipation of Brexit on 31 December 2020 under Notice 8: ‘Sailing your pleasure craft to and from the UK’. Any yachts not already in free circulation in the UK...
Many articles have been written about the various aspects of charter yacht operation, however it is important that three areas are considered, not just one element in isolation. So what does a charter vessel/owner need to do? Quite simply three criteria should be met;...