A survey won't solely shield you from shopping for a ship with technical issues

By: Adolff Wilsonn


The majority of Greek yachts listed with brokers square measure former charter yachts, called Greek skilled yachts. Some folks recoil from them, basic cognitive process it love shopping for a second-hand vehicle from a automotive rent firm. Not all charter yachts square measure victimized or poorly maintained.
In fact, plenty of the skilled yachts in Hellenic Republic square measure closely-held by people instead of yacht charter firms. The house owners charter them move into order to profit from VAT and alternative tax benefits.
Often the owner can charter for the minimum variety of days needed to retain skilled standing and canopy the annual mooring and maintenance prices of the yacht.
If you're ready to pay time wanting around you'll realize a giant distinction within the look of yachts of constant age, with some wanting 'tired' from serious use whereas others appear years younger.
THE SURVEY
Having found a yacht you would like to shop for you ought to have it surveyed by knowledgeable surveyor. Itís not unknown for a charter yacht to suffer major hull harm, be patched up by associate degree unscrupulous owner, so offered for selling.
"Buyer Beware" ought to definitely be your catchword.
A survey won't solely shield you from shopping for a ship with technical issues however it's conjointly needed by most insurance firms. Youíll pay five hundred - 1500 monetary units for a survey.
GREEK FLAG
99% of Greek skilled yachts square measure Greek-flagged. If the boat is flagged in another country then the principles of that country can apply and you wish recommendation from a certified broker.
If you're not a Greek subject or associate degree E.U. subject resident in Hellenic Republic you'll ought to amendment flag if the boat is meant for personal use. Youíll keep Greek flag if you've got a yacht charter business in Hellenic Republic.
SALES value
We were once suggested ne'er to pay a Greek the worth he asks for the entire world, as he can invariably expect you to cut price...
This is definitely true once it involves boats. you ought to be ready to talk over down from the initial selling price. An honest survey might offer you ammunition for this, as few used boats are going to be with none defects.
The surveyor ought to be ready to advise you what the 'going rate' is for the sort of yacht you're curious about.
VAT
Greek skilled yachts can are purchased VAT exempt. If you're associate degree E.U. national, you'll be needed to pay VAT on this price of the yacht additionally to the acquisition value.
The VAT rate in Hellenic Republic is nineteen however usually you'll talk over with the vendor and it's not unknown for deals to be reached wherever you pay solely an extra five-hitter and therefore the marketer handles the payment of the remaining VAT.

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