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How do Chinese players buy private yachts and insurance?

30/01/2023
in yacht, yacht news

China has a continental coastline stretching 18,000 kilometers, rich in rivers, lakes and seas, and has innate advantages in terms of resources for playing boats.

And according to the Hurun Wealth Report, there are 875,000 multimillionaires and 55,000 billionaires in mainland China, half of whom are willing to buy.

So it is no longer far away from us, but how can we rest assured to ride the wind and waves?

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Yacht insurance will be the way to go.

Yacht insurance Yacht insurance is divided into hull insurance and liability insurance, the former covers the hull itself (hull, machinery and appliances) due to disaster caused damage or loss insurance;

The latter is the yacht accident liability insurance, mainly for engaged in yacht activities accident, for the ship’s personnel, passengers and third party casualties or property compensation.

Many domestic property insurance companies have supporting goods, of course, yacht sales organizations will be happy to buy the service of the boat.

1. It is recommended that you actually take a cruise first to participate in the real yacht leisure, no matter static or dynamic, please enjoy the experience.

If you find yourself attracted to yachts, then you can start research to find out your favorite type of activity.

Gather as much information as you can, and treat buying a yacht as a long-term purchase.

2. After the target is established, you can contact the domestic agents. You must personally visit their company office or boat showroom (exhibition center), you will get more useful yacht and related information.

But don’t trust commercials with empty catalogs, pretty pictures, and flowery words.

It must be confirmed that the agent (distributor) is capable of providing a complete after-sales guarantee service.

Because wait until the ship out of the situation, only to find their professional lack or no ability, the final loss or consumers themselves.

3. You should try your best to ask for a chance to see the actual ships in stock. If there are no new ships, there must be already sold ships.

Visiting other buyers directly, or asking an agent to introduce you to boat watching, is a rare opportunity to get to know a boat.

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If CONDITIONAL WORD, HAD BETTER GO DIRECTLY TO Italy, Australia and so on advanced country HOUSEboat FACTORY HAS A LOOK.

Domestic yachts to visit more, to understand the quality of a variety of yachts, style, structure and configuration of the main information.

As the saying goes: not afraid of goods, the most afraid of goods than goods.

Yachts to see more, you have the ability to buy.

4. After the agent is selected, they will suggest the most suitable ship type according to your needs, and then ask for your opinion.

You can compare the length of each of these models.

Generally speaking, the same yacht, one or two sizes, the difference between each other is not very big, the only difference is the price of more and less.

The technical documents of the yacht mainly include: the layout of the hull, the list of the main equipment, the operation guide of the main equipment, the circuit system diagram, the water supply and drainage network system diagram, etc. In addition, the main engine and the auxiliary engine all have separate system files.

Wait until both parties reach an agreement, then sign the contract (purchase deed is the best way to protect you and the agent).

5. When signing the contract, 30% of the total price shall be taken as the signing fee. When the agent shows you the shipping certificate (at this time, your ship has been packed and ready to be shipped to the port of China), you shall pay 50% of the total price (at this time, the agent has advanced the full shipping price).

6. While waiting for shipping, the agent will apply for shipping space, license and insurance for you;

You need to start taking basic courses or taking a license.

7. It will take at least two to three months from the signing of the contract to the delivery of the ship (if the ship is sold now, there is no need to wait), and when you receive the notice of receiving the ship, you can be ready to receive your love ship.

8. In addition to determining the ship type, specifications and equipment in line with the order, the other procedures are the launching trial and the registration of ownership transfer.

Don’t forget that you still have 20% balance outstanding. You must complete the payment before the agent can deliver the ship.

And the most exciting, is to name the love boat, think of a good name!

9. Can you pay by installments at present, there is no special bank for yacht loan in China, but there are foreign banks in China that can provide you with this service.

Tags: Private Yacht
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