Admirality & Maritime Law Attorney in Coral Gables, Florida

Why is it important to know how you are going to use a yacht before you buy it?

Miami, FL admiralty & maritime attorney Michelle Otero Valdés explains why it’s important to know how you are going to use a yacht before you buy it.

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00:04
it’s important to know
00:06
how you’re going to use the yacht
00:09
because
00:11
something as simple as if you’re only
00:13
going to use it for private pleasure
00:16
purposes only in other words for your
00:17
own use
00:18
or whether you’re going to charter it
00:21
if it’s private pleasure only there’s a
00:24
lot less regulation
00:27
that you have to follow but if it
00:30
becomes a larger yacht you may wish to
00:32
try and defray some of the expenditure
00:35
of the yacht
00:36
which means you’re going to want to
00:38
charter it out
00:39
but in chartering it out
00:41
depending on the law of the flag
00:45
there are a heck of a lot of other
00:48
regulations that go along with that and
00:52
you need to consider that before you
00:54
purchase the yacht because in fact the
00:57
yacht may not be suitable to follow
01:00
those regulations

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