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Fazuba - Terms and Conditions


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Boat Brokerage Terms and Conditions

Introduction

The boat brokerage industry in the UK is governed by a set of terms and conditions designed to ensure smooth and transparent transactions between buyers, sellers, and brokers. These terms are crucial for protecting the interests of all parties involved and for maintaining the integrity of the market. This document outlines the standard terms and conditions typically associated with UK boat brokerage.

Broker Responsibilities

Representation

The broker acts as the intermediary between the buyer and the seller. Their primary responsibility is to represent the interests of their client, whether that is the buyer or the seller, and to ensure that all negotiations and transactions are conducted fairly and transparently.

Marketing

The broker is responsible for marketing the boat effectively. This involves listing the boat on various platforms, creating detailed listings with accurate descriptions and high-quality photographs, and using their network to reach potential buyers.

Valuation

The broker must provide an accurate valuation of the boat based on market conditions, the boat's condition, and comparable sales. This valuation is crucial for setting a realistic asking price and for negotiating the final sale price.

Viewings and Sea Trials

The broker arranges and conducts viewings and sea trials for potential buyers. They must ensure that these are scheduled at convenient times for both parties and that the boat is presented in the best possible condition.

Documentation

The broker is responsible for ensuring that all necessary documentation is in order. This includes the boat's registration, proof of ownership, service records, and any other relevant documents. They must also facilitate the transfer of ownership and handle the paperwork associated with the sale.

Negotiation

The broker conducts negotiations between the buyer and the seller. Their goal is to achieve a mutually agreeable price and to ensure that the terms of the sale are fair and reasonable for both parties.


Seller Responsibilities

Disclosure

The seller must provide full disclosure of the boat's condition, including any known defects or issues. This is crucial for maintaining transparency and for protecting both the buyer and the broker from potential liabilities.

Preparation

The seller is responsible for preparing the boat for sale. This includes ensuring that it is clean and in good working order, and that all necessary repairs and maintenance have been carried out.

Documentation

The seller must provide all necessary documentation related to the boat. This includes the registration, proof of ownership, service records, and any other relevant documents. They must also ensure that these documents are accurate and up-to-date.

Cooperation

The seller must cooperate with the broker throughout the sales process. This includes allowing access for viewings and sea trials, providing any necessary information, and being available for negotiations.


Buyer Responsibilities

Due Diligence

The buyer is responsible for conducting due diligence before purchasing the boat. This includes reviewing the boat's documentation, arranging for a survey and sea trial, and ensuring that the boat meets their requirements and expectations.

Financing

The buyer must arrange for financing if necessary. This includes securing a loan or other financing options and ensuring that they have the funds available to complete the purchase.

Inspection

The buyer must arrange for a professional surveyor to inspect the boat. This inspection is crucial for identifying any potential issues or defects and for ensuring that the boat is in the condition described by the seller.

Negotiation

The buyer must engage in negotiations with the seller, typically through the broker. They must communicate their offers and counteroffers clearly and be prepared to compromise to reach a mutually agreeable price.

Fees and Commissions

The broker's fee is typically a percentage of the final sale price. This fee covers the broker's services, including marketing, viewings, negotiations, and documentation. The exact percentage may vary, but it is usually agreed upon in advance and outlined in a brokerage agreement.


Contracts and Agreements

Brokerage Agreement

The brokerage agreement outlines the terms and conditions of the broker's services. It includes details such as the broker's fee, the duration of the agreement, and the responsibilities of both the broker and the client.

Sales Agreement

The sales agreement is the contract between the buyer and the seller. It includes the sale price, the terms of payment, and any conditions or contingencies. This agreement is legally binding and ensures that both parties are committed to the transaction.

Legal and Regulatory Compliance

All transactions must comply with UK laws and regulations. This includes ensuring that the boat is legally registered, that all documentation is accurate and complete, and that the sale is conducted in accordance with relevant consumer protection laws.

Dispute Resolution

In the event of a dispute, the brokerage agreement typically outlines the process for resolving conflicts. This may include mediation or arbitration, and it is designed to provide a fair and efficient resolution for all parties involved.


Understanding the terms and conditions of UK boat brokerage is essential for a successful and smooth transaction. By adhering to these guidelines, buyers, sellers, and brokers can ensure that the process is transparent, fair, and beneficial for everyone involved. Whether you are buying or selling a boat, working with a reputable broker and following these terms will help protect your interests and achieve a satisfactory outcome.


Yacht Charter Terms and Conditions

1. Introduction

These terms and conditions govern the chartering of yachts and are designed to ensure a clear and fair understanding between the yacht owner and the charterer.

2. Definitions

  • Owner: The person or entity owning the yacht.
  • Charterer: The person or entity chartering the yacht.
  • Yacht: The vessel to be chartered, including all equipment and accessories.
  • Charter Period: The agreed dates and times for the charter.
  • Charter Fee: The total amount payable by the charterer for the charter period.
  • 3. Charter Fee and Payment

  • The charter fee is to be paid in full before the commencement of the charter period, as specified in the agreement.
  • A deposit of 50% of the charter fee is required to secure the booking.
  • The balance of the charter fee is due no later than 30 days before the start of the charter period.
  • Additional expenses such as fuel, provisioning, and docking fees are the responsibility of the charterer and are payable at the end of the charter period.
  • 4. Cancellations and Refunds

  • Cancellations by the charterer must be made in writing.
  • If the charterer cancels more than 60 days before the start of the charter period, a full refund of the deposit will be issued.
  • If the charterer cancels between 30 and 60 days before the start of the charter period, 50% of the deposit will be refunded.
  • No refunds will be issued for cancellations made less than 30 days before the start of the charter period.
  • 5. Responsibilities of the Charterer

  • The charterer agrees to use the yacht in a safe and responsible manner.
  • The charterer is responsible for any damage to the yacht or its equipment caused during the charter period.
  • The charterer must comply with all local laws and regulations while using the yacht.
  • 6. Responsibilities of the Owner

  • The owner agrees to provide a yacht that is seaworthy and in good condition.
  • The owner is responsible for routine maintenance and repair of the yacht.
  • The owner must ensure that the yacht is equipped with all necessary safety equipment.
  • 7. Insurance

  • The owner shall provide and maintain insurance for the yacht.
  • The charterer may be required to provide additional insurance coverage, depending on the terms of the charter agreement.
  • 8. Dispute Resolution

  • Any disputes arising from the charter agreement shall be resolved through mediation or arbitration, as agreed upon by both parties.
  • 9. Governing Law

  • The charter agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which the yacht is registered.
  • 10. Amendments

  • Any amendments to the charter agreement must be made in writing and signed by both the owner and the charterer.
  • These terms and conditions constitute the entire agreement between the owner and the charterer and supersede all prior negotiations and understandings.


    By using our website and engaging in any advertising activities, you agree to comply with these terms and conditions. Your cooperation ensures a safe and enjoyable experience for all users and advertisers. Thank you for your understanding and adherence to our policies.

    Disclaimer Notice

    Important Information for Yacht Buyers and Sellers


    General Disclaimer

    The information provided on this website and in our yacht listings is for general informational purposes only. While we strive to ensure that the information is accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.


    Yacht Details

    Accuracy of Information

    The vessel details provided in our listings, including but not limited to dimensions, layout plans, descriptions, and photographs, are intended to give a general impression of the vessel. While we make every effort to ensure the accuracy of these details, we cannot guarantee that they are free from errors or omissions. Prospective buyers are advised to conduct their own inspections and surveys to confirm the accuracy of the information provided.

    Marketing Material

    All marketing material, including brochures, advertisements, and digital content, is produced for promotional purposes only and may not necessarily reflect the current state or condition of the vessel. We reserve the right to update or withdraw marketing material without notice.


    Third-Party Information

    This website may contain links to other websites or content provided by third parties. These links are provided for your convenience only, and we have no control over the content or availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them. We are not responsible for the content, accuracy, or practices of third-party websites.


    Legal and Financial Advice

    The information provided by us is not intended to constitute legal or financial advice. We strongly recommend that prospective buyers and sellers seek independent legal and financial counsel before entering into any transactions. We do not accept any liability for any decisions made based on the information provided on this website or during the course of any sale or purchase of a vessel.


    Viewings and Inspections

    Appointment of Viewings

    Viewings of vessels are by appointment only. We reserve the right to cancel or reschedule viewings at our discretion. Prospective buyers are advised to conduct thorough inspections during viewings to ascertain the condition and suitability of the vessel.

    Health and Safety

    During property viewings, buyers are required to comply with all health and safety regulations and guidelines. We accept no liability for any injury, loss, or damage incurred during property viewings.


    Offers and Sales

    Binding Agreements

    All offers made on vessels are subject to contract and are not legally binding until a formal sales agreement has been signed by both parties. We reserve the right to accept or reject any offers at our discretion.

    Negotiations

    Negotiations between buyers and sellers are conducted in good faith, but we do not accept any responsibility for the outcome of such negotiations. All parties are encouraged to seek independent legal advice during the negotiation process.


    Disclaimer Changes

    We reserve the right to modify or update this disclaimer notice at any time without prior notice. Any changes will be posted on this website, and your continued use of the website constitutes acceptance of any such changes.


    Contact Information

    If you have any questions or concerns about this disclaimer notice or any of our services, please contact us at contact@fazuba.com


    Final Note

    While we endeavor to provide accurate and up-to-date information, this disclaimer notice serves to protect our interests and clarify our position regarding the information and services we provide. Your understanding and cooperation are greatly appreciated.

    Please note that this disclaimer applies to all vessels listed and services offered by our brokerage.

    Last Updated: 19th January 2025

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    About Us

    Staff at Fazuba have been working and involved with property for over 40 years. Our services include estate agency and management, holiday property advertising and letting agents, commercial property sales and lettings. We also have experience in the yachting industry and offer yacht charter advertising and brokerage services.

    Call us to find out more ☎ +44(0) 7714 158 976

    Copyright © 2018 - 2025 Fazuba. | Fazuba is part of Fazuba Limited. | Company number: 11136882. | VAT number : 435993847.