Represented in France, Italy, Spain and Spanish Islands
Representing various European Banks and Financial Institutions
Tel UK: 00 44 20 32397920

Repossessed Motor Yachts operates globally, representing various European and American banks and other financial institutions.

Not all the yachts offered are bank repossessed, there is a selection from motovated private sellers

With thirty five years experience in the yacht business, we are well placed to deal with the most demanding of buyers and sellers – our vast knowledge of different types of boats enables us to confidently recommend and guide would-be buyers in to suitable craft at the best possible price. We are well known in the yachting industry and consider discretion to be paramount.

All boats listed on this website are open to written bids “from serious and qualified buyers”. Just call us and we will advise you on the level of your “buy” offer which will then be submitted for the sellers consideration .

Call us 0044 203 239 9693 (‘phones manned 7 days per week 07, 30 – 18,00HR (GMT+2)

SKYPE PETERBROWN 153

Email is info@repossessedmotoryachts.com

Site       www.repossessedmotoryachts.com

BUYING PROCEDURE

(The method to be adopted when buying a repossessed yacht through this company)

• Select the boat that interests you.
• Telephone to discuss an educated bid price.
• If qualified and serious, submit bid in writing.
• Wait for a response (often 2-3 days- committee meeting decision)
• If accepted a contract is drawn up with an addendum that includes a fiscal compliance questionnaire, it also states what documents will be supplied by the seller.
• If accepted the contract is signed by all qualified parties.

7 The buyer is required to be send a 10% deposit(of the contract price) to our client account

8 (The buyer at his cost )appoints a qualified marine surveyor to inspect the boat

9 When the deposit of 10% of the contract sale price refelects as cleared funds in our client account  (and not before) relates to point No 10

10 (At the cost of the buyer) the boat is lifted out of the water, pressure cleaned, and chocked up on land

11 The surveyor inspects the hull and drives, if acceptable, (at the cost of the buyer) the boat is anti-fouled (this will alow the boat to reach maximum speed during a sea trial) and all anodes are replaced (ALL YARD CHARGES AND YARD SERVICES PERFORMED ON THE BOAT MUST BE PAID BY THE BUYER, BEFORE THE BOAT IS LIFTED BACK INTO THE WATER)(no cash no splash)

12 (Only when payment relating to item 11 is confirmed) The boat is craned back into the water

13 A suitable time for a sea trial (2 hours) is arranged with the surveyor, its recommended(at the cost of the buyer) that representatives of the engine manufacturer are also present during the sea trial. All aspects of the boat are inspected and a (limited) appraisal of the motors performance are given

14 The yacht surveyor and the engine surveyor give a written appraisal of the boat and engines, and if acceptable the sale continues as per the terms of the sales contract.

CONTRACTS

We exclusively use the (Mediterranean yacht broker’s memorandum of agreement) as a working tool.
We are not members of this organisation but are happy to use their tried and proven contract

DEPOSITS

All deposits will be lodged in our client account at Barclays Bank Gibraltar unless otherwise agreed

SURVEYS

It is the responsibility of the buyer at his cost to instruct a qualified surveyor to inspect the yacht in question, it is the Content of the surveyors report that partially determines whether the sale proceeds or not.

If a Qualified buyer does not have a surveyor we recommend contacting either of the two highly qualified professionals listed below

Malcolm Lindsay
Independent Yacht New Build, Refit & Condition surveyor since 2000.
Experience with motor yachts from 20 meters to 75+ meters for Private and Corporate clients.
Qualified and employed for many years as Merchant Navy and Yachting Chief Engineer prior to 2000.

Contact: surveyors@repossessedmotoryachts.com

Duncan Soffe
Duncan Soffe is a qualified Naval Architect and Chartered Engineer with experience gained from working as a Surveyor for Lloyd's Register. With over 20 years experience in the marine industry, Duncan is well positioned to survey and provide expert advice on your yacht or commercial vessel.

Contact: surveyors@repossessedmotoryachts.com