Buying a yacht? Follow this 7-step plan!

Step 1: Verify the seller’s reliability

Check how long the yacht broker has been active, how many yachts they have sold, and read reviews from other buyers. A well-established name with positive feedback is often a good indication of reliability.

Step 2: Is the yacht broker affiliated with an industry organization?

A reliable yacht broker is usually affiliated with professional organizations such as HISWA and/or certified as an EMCI broker. These certifications stand for professionalism and compliance with ethical standards.

Step 3: Check for the presence of the CIN code

Verify that the yacht has a CIN (Craft Identification Number). This is the boat’s unique ID number, allowing you to trace its origin and year of construction.

Step 4: CE marking

The CE marking provides information about the builder, CE category, maximum number of persons, and weight. This label is usually placed in a visible location near the helm.

Step 5: Assess the asking price

Compare similar yachts across multiple platforms. Determine whether the asking price is fair by considering the year of construction, equipment, and maintenance condition.

Step 6: Request proof of VAT payment

When buying a yacht, it is essential that there is valid documentation showing the VAT has been paid.

Step 7: Put all agreements in writing

Always draw up a written purchase agreement. This document should include agreements about the price, delivery, and any necessary repairs. It ensures clarity and security for all parties involved. If you purchase your yacht through a broker, they will usually take care of this for you.