This is where we publish our boat related stories and articles, which range from world circumnavigation to rescue missions, humour and much, much more. So make yourself a coffee and settle yourself down to a good read.
It’s a nightmare scenario. Your beloved life partner has succumbed to an illness. After what is probably the most painful experience of your life you emerge to discover that now you own that yacht you never really loved. Selling a yacht in these circumstances is stressful in the extreme. The fact that the yacht may be docked be in a foreign port just adds to the bewilderment you are facing. Over the past few years Boatshed Gibraltar has acquired considerable experience handling these distressing situations. Let me share some of the issues that need to be considered. Correct handling of these issues will help you sell the yacht and quickly stop the cash outflow at an awkward time. It is much easier to handle these situations if provision has been made in a properly drafted will that defines who is the “beneficiary” of the yacht. Unpleasant and unwelcome as thoughts of death may be, the inevitable is exactly that, inevitable. Good planning will help your heirs quickly dispose of the yacht with minimum fuss. If the testator (the person making the will) has his home “ domicile” in a country that issues Probate then his executors will be required to apply for a Grant of Probate. The Grant of Probate gives the executor the authority to sign the paperwork required to sell the yacht. If the testator has his home in a civil law country the Yacht Registry will probably want to see an Inheritance Certificate issued by a Notary Public which identifies the heirs. There are many other issues to consider such as tax, de-registration and payment of any outstanding berthing charges. When a yacht owner dies intestate (without having a will) the situation is a little more complex. Under English law the intestacy rules will decide not only who the heirs are but also who can apply to administer the estate. Instead of an executor the grant will be issued to a person or persons with an interest who will be referred to as an administrator. It is the administrator who can sign the transfer form when the Grant of Letters of Administration has been issued. Executors and administrators are sometimes collectively referred to legal personal representatives. Other jurisdictions may not have similar court orders in which case the Yacht Registry will probably want to see either a Certificate of Inheritance. If the yacht is in a foreign port it may make sense to retrieve it to a jurisdiction where the rules and language are familiar to you. However no marina will allow a yacht to sail out if it owes berthing fees. We are often surprised at how little knowledge of the yacht a partner can have. To list a yacht for sale effectively you need to have more than a cursory knowledge of the yacht. A good broker will help you recover the technical specifications of the yacht and create a listing that is attractive to potential buyers. Complex situations can always be broken down into small and understandable steps. We have recently handled the sale of yacht inherited by a Russian family that was berthed in Spain and which has been acquired by a Belgian who needed all the correct ownership documents to register the yacht in Gibraltar. I am pleased to say that this was achieved in record time and in complete security. The sooner we get involved the quicker we can get to work on ensuring that the requisite documentation is in place to sell the boat. In these cases time is money and the sooner we can set to work the sooner we can sell the yacht. If you need any help in one of these appalling situations don’t hesitate to contact an experienced and straightforward broker like Boatshed Gibraltar.
This article is designed to de-mystify the subject of the Spanish Matriculation Tax (Impuesto de Matriculación) on yachts.
One of the pleasures of my new life as a yacht broker is the people I get to meet. From millionaires to seagoing paupers all have interesting life stories to share. The most inspiring and intriguing character so far has been Bruno.
Professionals move to work offshore to earn a better salaries and accumulate savings. Their technical skills command a premium in sands of the desert oil camp or the humid heat of the Arabian Peninsula. Typically these individuals work for intense periods and then get extended rest and recreation periods.
Goldstars is the nickname of RAF 31 Squadron. The Goldstars have been in Gibraltar for a week with their Tornado GR4s. Boatshed Gibraltar had the pleasure of inviting nine pilots and navigators for a day's sailing. The link up was serendipitous but as a former Acting Pilot Officer in the University of London Air Squadron it was an unique opportunity to meet these Top Guns and talk about a career path I never took.
Boatshed goes Responsive! Today, nearly 30% of Boatshed's traffic is mobile. By the end of next year, this may exceed 50% Tablet sales are expected to exceed 100 million this year. Smartphones, of course, are also a hot commodity, with the majority of people now owning a smartphone. The shift to mobile is happening at an extraordinary speed. For those of us who create the Boatshed websites and services, all this leads to a singular conclusion: A million screens have bloomed, and we need to build websites that work better on all of them.
Before you travel to view a boat, check out all pictures and video of every boat for sale. Our brokers take all their own pictures so you can see the up to date information and full inventory of each boat.
If you are thinking of selling your boat, then have a chat to one of our Boatshed Brokers and they will explain how Boatshed can help sell your boat and what they will do for you.
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The name Bruce Roberts says something about the design quality and integrity of any yacht. Boatshed Gibraltar has had a number Bruce Roberts designed yachts listed for sale at different times.
In the last six months, further compelling reasons have emerged to make the Gibraltar Red Ensign the flag of choice. However, these changes aside, Gibraltar already has a host of advantages for registering a yacht in this unique southern European territory:
Yesterday was a perfect sailing day with a westerly F5 gusting F6. We were taking a Jeanneau 54DS out for a shakedown sail after some adjustments to the in-mast furling gear. We decided to unfurl in the harbour as there were lumpy seas beyond the harbour entrances. Just as we headed into wind we lost steering on the starboard helm and 30 secs later on the port helm too. Before we knew it the yacht was going round in circles and getting perilously close to the harbour wall and some rocks.
Many people dream of a life afloat funded by charter work or sailing instruction. This is perfectly possible but for British flagged vessels or foreign flagged vessels operating from UK ports the Maritime and Coastguard Agency (MCA) lays down a set of regulations that spell out all aspects from construction, equipment and manning through to safety, training and operational procedures. So make sure you comply with the regulations.
So you crossed the Atlantic nearly 18 months ago and soon the tax vultures will start circling for their pound of your hard earned flesh. The time is fast approaching when you will have to pay VAT and if in Spain, Matriculation Tax.
In these difficult economic times the purchase of a yacht has to be carefully justified. With money in the bank earning derisory interest rates you may be looking for imaginative ways to make your money work for you.
We’re all very excited about the PSP Southampton Boat Show and the Boatshed stand at the show.
Come and meet the Boatshed.com team at this years PSP Southampton boat show.
Hector Sheppard-Capurro is the founder of the yachting industry in Gibraltar and today at the ripe old age of 87 he's bought a Princess 415 motor yacht from Boatshed Gibraltar. How cool is that? That you can be 87 and be planning to mess around in boats. This shows the indomitable spirit that has served him well in a colourful and successful business career.
The annual Gibraltar-Morocco Rally departed local waters at 13:00 on Friday 24th June. This year the fleet was a little smaller than last year but this was more than compensated by the camaraderie of the yachting fraternity. Many yachtsmen flew in from far flung destinations to join local enthusiasts.
The Boatshed conference 2011 was a great success. Two days spent in and around Portsmouth Dockyard as well as Boatshed HQ in Gosport; with lots of lectures, group meetings and workshops. Approximately 30 Boatsheds came to the event, travelling from destinations across Europe and even as far as Phuket in the Far East.