JTC has a wealth of experience and expertise in dealing with a wide variety of structures and transactions across the yachting, shipping and offshore supply industries, compounded by our multi-jurisdictional capabilities.
With decades of specialist experience to draw upon, JTC’s marine team is ideally placed to guide you through the various stages of acquiring a yacht or other marine vessel. As well as understanding the nuances of the industry, we are committed to creating fully customised ownership and management structures based purely upon your requirements and objectives.
For clients acquiring a yacht we can provide the following services for both new builds and existing vessels:
- Purchase, lease or charter financing
- Customised structuring
- Company formation
- VAT compliance
In terms of the ongoing vessel management, we can oversee all the responsibilities that would otherwise fall to the owner, including safety management, crew hire, employment contracts, payroll and insurance for both vessel and crew. We can also take responsibility for accounting and other financial matters such as reporting, in addition to providing administrative and operational day-to-day support.
JTC’s global network also includes a number of flag states and jurisdictions in locations which are favourable in the context of yacht ownership.
Our Marine Services team operates a stringent ‘single point of contact’ policy, meaning that we take care of all related relationships and liaisons while you only have to deal with your dedicated JTC contact.