As the world becomes more litigious a number of shipyards have changed the way they work, facilitating subcontractors to carry out work, and it’s not always immediately obvious. Instead of a yacht owner contracting directly with the shipyard for all works, some...
EU Regulation 883/2004 states that seafarers who are either citizens or residents of the EU/EEA or Switzerland and, who are employed on board a vessel flying the Malta flag, must be insured under Malta’s Social Security system. For non-EU citizens/residents, there is...
In an interview with Onboard Online, Bruce Maltwood, Director at Sarnia Yachts, discusses the developing complexities of a fiduciary business operating in the superyacht industry, what actions owners and charterers need to explore post-Brexit and how Sarnia...
Many yacht owners choose to live in the UK even though they do not originate from the UK. They fall into a category known as UK resident, non-UK domiciled individuals. This arrangement provides the owner with a beneficial tax regime in the UK but there are some...
Where charter vessels encounter problems from fiscal and customs authorities we see that these problems have inevitably arisen as a result of reasons, which can be easily avoided. Whilst part of the problem is the varying rules and interpretations between member...
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service provision, Crewing and Yacht Management belong to fundamentally different sectors of the industry is now outdated.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...
As crew employment has increased in complexity, so has the volume of queries we receive from owners, managers, captains and crew alike. It is imperative that the correct employment agreements are put in place from the outset, accompanied by appropriate procedures,...