Whether you are buying or selling a vessel we can ensure that you will receive the most efficient service possible. By choosing us - process of vessel sale/purchase - will be one of the best experiences of your life.
We suggest to do some preparations before selling or purchasing process. That could include - identifying method of purchase ( company or private route ), arranging an accountant ( in case of company route ), arranging for competitive foreign exchange purchase ( i.e. World First ), opening bank account etc.
Prior to your viewing trip, we will prepare a schedule of individual visits to all vessels you may be interested in. At the time of your visits you will be accompanied by our experienced and qualified representative to provide consultancy, interpretation and assistance when required. We can arrange for an individual schedule and a program while staying in Adriatica in advance by e-mail, phone or fax. In this way the time you will take to achieve the aim of your visit will be optimized and complied with your personal requirements as much as possible.
Our fee for each day assigned to viewing of vessels of your choice is €30. This complies for areas not further than 30km from our office. When we have to make visits to vessels that are distant more than 30km from our office, we charge a fee of €100 a day. If related vessel is on an island, costs of ferry or rented yacht are added to the fee. After successful completition of a vessel purchase this fee is fully deducted from the final fee.
To have enough time to arrange for viewings of vessels you have selected, please, let us know the exact date of your planned visit - at least 3 days prior to arrival.
Process of vessel sale/purchase could go like this:
1. When you find the vessel you wish to buy, you will be required to pay a deposit payment or reservation fee of around 10% upon signing a private sale contract. The vessel will then be immediately taken off the market and the price is fixed. If the owner pulls out of the sale, he is legally required to pay you double the payment in compensation. However, if you pull out of the sale or fail to complete on the date fixed, you will lose your deposit payment.
2. Be sure that the payment is refundable subject to legal checks as to ownership and legal description of the vessel.
3. Once the legal checks have been undertaken, the sale is performed before a Public Notary who acts as a legal representative of the State. The Notary checks the legal documents and witnesses the signatures. The final payment is made at the time of sale. If you are unable to appear in person at the signing you should give a Power of Attorney to us in order to act on your behalf.
4. After that - you will have to pay taxes, fees, insurance...
5. Finally - the vessel is registered on your name
Our Fee
On Completion of Purchase - final fee for vessel value under €1.000,000 is in principle 5%. For vessels above this value, the fee is in principle 3%. There are different issues about each vessel - so our fee can slightly vary from case to case.
