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...
Many US yacht owners want to cross over to Europe to enjoy one or more seasons in the cruising grounds offered within the Mediterranean. If these owners wish to charter their yachts during this period in EU waters, this is certainly possible, but a number of important...
When undertaking shipyard refit works, especially when considering using Inwards Processing Relief to zero rate VAT on works,(often referred to as TPA), owners should take care. The popularity of the TPA process for shipyard works has increased year on year however,...
Even though the current regulations surrounding Temporary Admission (often referred to as Temporary Importation or "TI") have been in place since 2001, we still receive calls on a regular basis asking how long a yacht can remain in the European Union while operating...
With many yachts spending time in a shipyard over the winter period, even if for routine maintenance, insurance is one element that is often overlooked when selecting a yard. Some yards have limited insurance cover and some have nothing at all. Making sure that you...
Yacht Accounting is becoming an ever more complex element of Sarnia Yachts’ range of services offered to its clients and Owners. Gone are the days when yacht accounting consisted of simply paying yacht expenses for an Owner. Yacht Owners, Owner’s representatives and...
With shipyards bulging with orders for new yachts, there is expected to be an explosion of deliveries in 2022 and 2023. Issues arise well before delivery and Sarnia Yachts has been busy assisting Family Offices, Owner’s Reps and other advisors to ensure these...
Even though the current regulations surrounding Temporary Admission (often referred to as Temporary Importation or ""TI"") have been in place since 2001, we still receive calls on a regular basis asking how long a yacht can remain in the European Union while operating...