 | Highlights & News |
»Eurasia Boat Show 2011
Eurasia Boat Show, which gets huge attention from sea-lovers and the press will stand out again this year with its different concept
and product diversity. This huge organization, which is the 2nd biggest boat and yacht exhibition worldwide is getting ready to make
a captain salute to its fans for the 5th time at CNR Expo between 11- 20 February 2011.
Boat accessories & boat building materials, speedboats & cruisers, motorboats, yacht & power equipment, sailboats, marinas & marina
equipments, water sports equipment, diving clothes & accessories, sea rescue & emergency kits are among the main product groups of the exhibition.
»The Posidonia Sea Tourism Forum 2011
The Posidonia Sea Tourism Forum which will focus on the challenges for Greece, the Eastern Mediterranean and Black Sea Regions relating to cruise
shipping, the yachting industry and passenger shipping. The Forum will be held 21-22 June, 2011 at the Onassis Cultural Centre in Athens, Greece.
There’s great potential for sea tourism in these regions whether it’s for investment opportunities or new infrastructure projects and we believe
that the two day event will provide significant information and address key factors for promoting and supporting development of the above mentioned sectors.
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Deposits
Most brokers and dealers require a 10% cash payment on a used Gulet but a nominal deposit is enough to get the dealer to write a contract. Often, the deposit is placed in an escrow account, but this is less common with private party sales.
The seller may have a right to keep all or a portion of the deposit if the buyer backs out of the deal without cause. As a buyer, you should include as many contingencies as necessary to protect your interests, including satisfactory survey and sea trial, clear title, and ability to obtain financing and insurance. On new boats, a written delivery date is crucial.
Trade-Ins
Dealers are often willing to apply the value of trade-in boats against the cost of a new boat, but be aware that you will probably not get top dollar on the price, since dealers stick close to the maxim “buy low, sell high.” In addition, dealers may scrutinize your old boat far more critically than a private buyer, since part of their profit margin will be based on how easy a trade-in boat is to sell.
With this in mind, have your boat in top condition when you bring it to the dealer.
In some states, a benefit of a trade-in arrangement is that you pay sales tax only on the price of the new boat, less the amount of the trade-in. Check with your state’s boat registration agency.
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