We make sure your built or purchase of a yacht is as trouble-free and unproblematic as possible, and that you take possession of your yacht quickly and in a legally sound manner.
This is an overview of the most important building blocks of our service:
A Yacht Transaction is hardly conceivable without a secure management and transfer of the agreed deposits and payments.
We like to act as the independent and trustworthy trustee (Escrow Agent) as part of our legal professional duties and in accordance with an escrow arrangement exactly agreed procedures and conditions.
The deposited funds are deposited in contact with the parties on one of our Attorney-Escrow-Accounts or on a trust account especially and separately established with e.g. temporarily invested.
For our trustee position we charge - independent of the duration of the trusteeship - a basic fee as well as an additional degressive compensation as:
Basic amount: min EUR 1,000.
1% for amounts up to 2,500
plus 0,5% for the amount up to 10,000
and plus 0,25% for amounts over 10,000
All related to the acquisition of trustee status related third-party costs and expenses will be charged separately according to cost.
Possibly Interest on the funds deposited come to the agreed beneficiaries minus applicable taxes and bank charges.