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Yacht practice news: mega-yacht repair agreement

10.11.15

Experts of Interlegal developed the repair agreement regarding the motor mega-yacht over 40 meters long.

Repair works will be held at the large Turkish shipyard, having over 50 years of history and work experience, and will cost approximately 1 million US dollars.

We kindly remind that in similar yacht-repair agreements special should be agreed and notified, inter alia, the following essential terms: procedure of yacht transfer to repair and acceptance by the shipyard; clear list of repair works (scope/type/kind); repair cost; payment for repair and acceptance of certain works by the customer; participation of classification society and its remarks upon the repair; the shipyard’s guarantees against the customer.

Irina Voyevodina, the senior lawyer, and Kirina Riashentseva, the lawyer, worked upon the project.