This Practice Note considers key features of English insurance law and especially their application to yachts. In particular, the Practice Note covers the process of obtaining insurance cover and the specific terms found in the most commonly used Institute Yacht Clauses and American R12 clauses
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 key aspects of an agreement for the sale and purchase of a completed or second-hand superyacht. In particular it highlights the key differences between a superyacht transaction and one relating to commercial vessels in general. The Practice Note sets out the main terms of the commonly used MYBA Memorandum of Agreement
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
This Practice Note discusses the essentials of cyber insurance. It provides a definition of cyber insurance; the development of cyber insurance; the types and scope of cover such as data breach, Network Security Liability, Extortion, Media Liability, Business interruption. The concept of Fair Presentation under the Insurance Act 2015 is addressed as well as policy terms and features such as: Claims Made Cover, Notification, Claims Control and Claims Cooperation and Data Protection, particularly under the Regulation (EU) 2016/679, General Data Protection Regulation.
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