In 2004 we were the first law firm in Ukraine that started yacht practice. Now we remain the only Ukrainian law firm providing full range of legal and consulting services in the yacht industry.
Our practice includes:
- Registration of yachts under the flags of convenience
- Registration of companies
- Insurance of yachts (H&M, PTL)
- Yacht sale and purchase agreements
- Yacht construction and repair agreements
- Commercial operation of yachts
- VAT issues
- Crew agreements
- Establishing of yacht clubs
- Сlaims handling, arbitration and litigation
Our work is based on the principles of confidentiality, professional competence, independence and responsibility.
All yacht owners face the necessity of yacht registration and flag selection. Yacht registration in the Ship Registry is a starting point for yacht existence as the subject of law.
We can register the yacht under any flag. On the basis of our long-term experience we have determined the most convenient and optimal variants for our clients: yacht registration under the flag of Panama and under the British flag of Island of Jersey.
Insurance is the most popular method of defending the interests of yacht owners. But most yacht owners are not familiarized with insurance relationship. And yacht insurance is quite a unique insurance product which needs experience and special skills.
For a long time Interlegal has been closely cooperating with MARINE INSURANCE SERVICES SIA, the Latvian insurance broker. Our office proposes insurance policies of the top European insurance companies.
Most foreign ports require for policies of hull and machinery insurance (H&M) and third party liability (TPL) during yacht calls in ports.
Yacht insurance policies cover also special yacht risks arising during yacht transportation, yacht descent and lifting up, transportation of passengers.
Interlegal is a member of the International Yacht Lawyers Network (IYLN), international association of law firms specialized in yachting.
Black Sea practice newsletter, October-December 201623.01.17more