Ince & Co

This Practice Note considers the main issues relating to the financing of superyachts. In particular, the Practice Note discusses what a superyacht actually is, the main methods of providing finance for a superyacht, registration and the tax and insurance issues which are especially relevant in the financing of such a vessel.

This Practice Note considers the main issues involved when taking security over a superyacht. In particular it looks and the English statutory mortgage, additional security especially relevant to the superyachts under construction along with the security that will be taken over the owner and other assets they may hold. Finally, the Practice Note looks at enforcement of such security.