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Smooth sailing: 5 essential tips for the proper maintenance…

The correct maintenance of your boat

If you are an owner or a sailing enthusiast, you will know that there is nothing better than the feeling of being on the water, feeling the wind in your hair and the sun on your skin. However, to ensure that your boat is always ready to take you on your next adventure, it is important to prioritize proper maintenance.

From checking the engine to cleaning the hull, there are a few essential steps you should follow to ensure trouble-free sailing on every outing.

In this article, we will share five essential tips for the maintenance of your boat, which will help you keep it in perfect condition and allow you to enjoy all the advantages of life on the water without unexpected mishaps. Whether you are an experienced boater or a boating novice, read on to learn how to keep your boat in perfect condition for many years to come.

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The importance of regular maintenance of your boat

Proper maintenance of a boat is essential to ensure its good performance and prolong its useful life. A second-hand boat that is not properly maintained can have problems with the engine, hull and other mechanical components, increasing the risk of accidents and jeopardizing the safety of passengers.

In addition, proper maintenance can also help prevent corrosion problems and maintain the aesthetic appearance of the boat.

Conduct a thorough inspection of the vessel.

Before going out on the water, it is important to perform a complete inspection of the boat to make sure that everything is in good condition. This includes checking the engine, electrical system, bilge pump, safety equipment and other important components.

It is also crucial to make sure that the battery is fully charged and that the fuel and water tanks are full. If you encounter problems during the inspection, you should address them immediately to avoid mishaps during navigation.

Essential boat maintenance tasks:

  • Cleaning
  • Lubrication
  • Corrosion prevention.

Regular cleaning of the boat is essential to prevent the accumulation of dirt, mold, mildew and other contaminants on the hull and other components. This includes washing the hull and deck with soap and water, and cleaning the interiors with appropriate cleaning products. It is also important to lubricate the boat’s moving components, such as hinges and sockets, to prevent rust and prolong their service life.

Corrosion prevention is also essential to maintain the structural integrity of the vessel. You can achieve this by using anti-corrosion coatings and regularly cleaning the areas affected by corrosion.

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Maintenance of the engine and other mechanical components

The engine is the heart of the boat and therefore requires proper maintenance for its proper operation. This includes changing the oil regularly, changing fuel and air filters, and checking fluid levels. It is also important to make sure that the belts and hoses are in good condition and that the motor accessories, such as the propeller and shaft, are well lubricated and in good condition. In addition, you should check the cooling and exhaust systems to make sure they are working properly.

Storage and protection of the vessel

Proper storage of the vessel is essential to prolong its useful life. This includes storing the boat in a dry place protected from the sun and inclement weather. It is also important to cover the boat with a sturdy tarpaulin to protect it from rain and UV rays. In addition, you should remove the battery and store it in a cool, dry place during the winter to avoid damage.

Best practices for boat maintenance

To keep your boat in top condition, it is important to follow some maintenance best practices, such as scheduling regular maintenance with a professional, keeping detailed records of boat maintenance and repair, and following the manufacturer’s instructions for boat maintenance and care. It is also crucial to be aware of and comply with local and national regulations that apply to ships to ensure passenger safety and environmental protection.
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Common mistakes to avoid

Some common mistakes boat owners make include not performing regular maintenance, not checking the engine and other mechanical components, not cleaning the hull and deck regularly, and not properly storing the boat.

In addition, it is important to avoid using abrasive cleaning products that may damage the hull and other components of the boat.

Contracting a professional boat maintenance service

If you do not have experience in boat maintenance or do not have the time to do it yourself, it is advisable to hire a professional boat maintenance service.

A boat maintenance service can handle regular engine maintenance, hull and deck cleaning, fiberglass repair and other maintenance and repair services to make sure your boat is in top condition.

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Conclusion

Proper maintenance of a boat is essential to ensure its good performance and prolong its useful life. From regular inspection of the boat to proper cleaning and lubrication, there are many essential steps you should follow to keep your boat in top condition. By following the advice in this article, you will be able to enjoy all the benefits of life in the water without worry.

At
Network Yacht Brokers Barcelona
we take care of everything your boat needs so that you only have to enjoy the sea breeze and the time with your family and friends.

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Tips for buying a second-hand boat

Buying a second-hand boat can be an excellent option to save money. These vessels are usually more affordable than new ones. However, it is important to keep in mind the popular saying: “cheap is expensive”.

To avoid possible disappointments, it is crucial to be cautious when choosing and to be sure of what you are buying so that the supposed savings do not turn into a waste of money.

In this article, we will summarize the most important points to consider when buying a second-hand boat, in order to avoid future complications.
If you want to prevent the purchase of a second-hand boat from becoming a nightmare, we recommend you to take into account the following tips.

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WHERE TO LOOK FOR YOUR BOAT

The first thing to consider is where to look for a used boat.
Here are some options to consider:

  1. INTERNET: Numerous portals and web pages offering a wide variety of used boats can be found on the Internet. These sites usually have photos of the boats and search engines that allow you to filter the search according to criteria such as price, length, cabins, year of manufacture, among others.
  2. MARINTS: Visiting local marinas may also be an option, as many sellers post “For Sale” signs on boats rather than using online sales portals. However, this option tends to be less common.
  3. FAIRS: If you have availability and it fits with your time, attending fairs or second-hand markets held in different cities of the country can be an excellent option. This will allow you to review different purchasing options in one place.

In addition to these options, it is advisable to
to seek the assistance of an
expert yacht broker
. It is highly recommended to seek advice from a nautical expert. Ideally, this expert should carry out a thorough inspection of the boat and prepare a report certifying the condition of the boat, with recommendations and assessments. This will avoid travel, waste of time and ensure that the investment is adequate and money is not being wasted.

WHEN TO BUY A SECOND-HAND BOAT

The most important advice regarding when to buy is not to be in a hurry.
Never make the purchase in a hurry and only do it when you are completely sure, as haste is often a bad advisor, especially when buying a second-hand boat.

For many, the best time to buy a boat is after the summer, in the fall. At that time, many owners consider that the use they give to the boat is not enough or that it does not compensate them to keep it all year round, which implies paying port rent during the winter.

As a result, many decide to put their boats up for sale, which increases the options and allows them to obtain better prices due to the law of supply and demand.

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THE PRICE OF A BOAT

The issue of price when buying a boat can vary depending on different considerations, so it is important to take into account certain aspects to evaluate it correctly. First, it is advisable to establish a clear budget. Knowing our financial limits will help us to filter the available options and adjust them to our economic possibilities.

In addition to cost, it is essential to take into account our specific needs. It is not always the most expensive option that is best for us. It is important to consider the use we will make of the boat and make sure it meets our demands and requirements.

Post-purchase expenses must be taken into account. Owning a boat entails maintenance costs, transfer procedures, certifications, mooring and insurance. Making an estimate of these expenses will help us to avoid surprises and evaluate whether we can afford to acquire and maintain the desired boat.
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THE CONDITION OF THE SECOND-HAND BOAT

When buying a second-hand boat, it is essential to carry out a series of checks to avoid possible scams or inconveniences. Some of these reviews include:

  • Examine the boat both in and out of the water. It is essential to inspect the hull for osmosis, cracks, dents or other alterations that may cause future problems.
  • Request a navigation test. This test evaluates the stability, maneuverability, buoyancy and behavior of the boat. It is important to pay attention to vibrations, performance during acceleration and the effectiveness of the sound insulation of the engine.
  • Verify safety equipment. Although it is not mandatory for the owner to provide all safety equipment, it is advisable to check them to avoid risks. It may be necessary to purchase additional life preservers, torches or fire extinguishers. If the boat already has them, it is important to check their condition and ensure that they comply with current regulations.
  • Obtain the corresponding documentation for the hull and engine. This documentation is essential for the transfer of a second-hand boat. It must be the original documentation, otherwise the Maritime Administration may request marine engineering reports to assess the vessel’s suitability. It is also important to have access to the engine maintenance book and records of the last overhauls or repairs, as they provide information on the condition of the engine, including such things as belts, filters and batteries.
  • Request the certificate of seaworthiness. This certificate certifies that the vessel complies with all regulatory and legal requirements for navigation. It is issued by the Maritime Administration and is regulated by the Ministry of Public Works.
  • Review the ship’s administrative documentation, such as the vessel’s navigation permit, maritime registry, and the seat sheet, as well as the vessel’s seasonal license if applicable.
  • Verify that the vessel has no tax liens or encumbrances. For this, it is advisable to count on the help of a nautical agency that can provide the information.
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Finally, it is essential to remember that all requested documentation must be current. Do not forget to check that all documents are up to date and in order to avoid any inconvenience or disappointment after the purchase.

In summary, when evaluating the cost of a boat, it is important to establish a budget, consider our specific needs and take into account post-purchase expenses. When acquiring a second-hand boat, carrying out the appropriate inspections, obtaining the necessary documentation and verifying its condition are essential steps to avoid unpleasant surprises. So you can count on
nautical professionals
is very important in the whole process.

Remember that making informed decisions and paying attention to details will help us find the best option that fits our needs and ensures a safe and satisfying experience at sea. And for whatever you need, our
nautical brokers
are here to help you.

Enjoy your sailing and may you always have the wind at your back!

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Sell your boat with the help of a yacht…

It is highly convenient to count on the collaboration of a yacht broker. yacht broker when you do not have the time or the dedication necessary to carry out the the sale of a boat.

If you do not wish to assume these responsibilities, the easiest way to do so is to contact a yacht broker to help you with the sale of your boat.

The yacht brokers focus on achieving a successful and satisfactory transaction for both parties, buyer and seller.

These specialists offer a wide range of services, from advice on setting the most appropriate price for your boat for sale, to complete administrative management.

It is common for yacht brokers specialize in a particular type of used boats, either by geographical area or by length.

How to sell your boat with the help of a yacht broker

Selling a boat can be a difficult and tedious task, especially if you have no experience in the industry. If you are short on time or prefer not to handle the sale of your boat directly, you can seek the help of a yacht broker to ensure that the process runs efficiently and successfully.

In this article, we tell you everything you need to know about how to sell a boat with the help of a yacht broker.
selling a boat with the help of a yacht broker.

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What do yacht brokers do?

Yacht brokers are experts in the sale of boats, as they are dedicated to promoting and protecting the interests of their boat owning clients. These intermediaries act on behalf of the seller and agree on a series of services and conditions in order to sell the vessel in the shortest possible time and at the best price.

In addition to advertising the boat so that it becomes known to many potential buyers, they are also in charge of conducting effective negotiations, eliminating obstacles that may arise in the sales process.

Its objective is to facilitate the sale and reach an agreement that benefits all parties involved.

How can a yacht broker help you sell your boat?

1- Helping you define the right price for your boat

To ensure a good sale, it is essential to define an appropriate selling price. By using the services of a broker, you can be sure that your boat will be properly valued in the market.

This is because the broker has access to confidential information, such as the actual selling prices of boats similar to yours, which are not available to the general public. Therefore, the broker is able to determine a fair and competitive price for your boat.

2- Advertising your boat in the most appropriate way

Your broker will prepare a plan to advertise your boat on the most visible portals, such as Yachtworld, Cosas de Barcos or TopBoats, among others.

The broker can recommend different methods of reaching potential buyers that go beyond online portals. Depending on the type of boat, he can suggest additional strategies to reach the right audience with your ad.

One of these strategies can be to send the advertisement to potential buyers by e-mail, in order to increase the chances of selling your boat. The broker’s main objective is to help you find the right buyers for your boat, using all available resources.

In our case, we publish on more than 20 specialized platforms:

3- Preparing the boat for sale

The broker can advise you on improvements you can make to make your boat more attractive to the market. He will assist you in identifying problems and offer solutions for both the maintenance and decoration of your boat.

In addition, he will be able to arrange for repairs and suggest finding a mooring or slipway to make the boat more accessible during the sales period.

4- Respond to inquiries from interested parties

The figure of the nautical broker is essential both to filter interested and curious people and to respond to the consultations of both, saving you time and avoiding false illusions.

It is important to distinguish between these two types of stakeholders because answering questions and providing detailed information can be a major effort. If you spend a lot of time answering questions from people who have no real intention of buying, you can waste valuable time and perhaps even lose a real sales opportunity.

This is where the fundamental role of the yacht broker comes into play. nautical broker. A good broker will know how to distinguish between the genuinely interested and the curious, and will be able to filter the inquiries so that you only have to deal with people who are genuinely interested in buying your boat.

In addition, the nautical brokers have in-depth technical knowledge of the vessels and can answer detailed and specific questions that other interested parties may not understand. This means that even if someone is genuinely interested in buying, a broker can handle most inquiries and leave you time to handle other important tasks related to the sale of your boat.

5 - Visits to the ship

The yacht broker offers a valuable service by taking care of ship visits with interested parties, saving you time and effort. When showing the boat, the broker will solve all the questions that may arise in the buyer, which is especially useful if you are not a boat expert and prefer to enjoy sailing.

Moreover, if the ship is far from your home, this service is even more valuable.

6- Manage all administrative aspects

A yacht broker can take care of all the formalities related to the sale, from inspections to sea trials, as it is common for buyers to request these measures in order to know the condition of the boat.

Problems may arise during testing and inspection, but an experienced broker knows how to handle the situation and achieve a fair and mutually beneficial negotiation. In addition, the broker’s intermediation can be key in the agreement between seller and buyer.

7- Transfer formalities and tax filings

A yacht broker has a thorough knowledge of the security legislation and documents required for the transfer of ownership of a boat, including title deeds, purchase and sale contracts, taxes and more.

In addition to being experts in selling boats, brokers also offer management services to help you through the whole process and make the end of the sale even more satisfying, especially if your time is limited or you don’t want to add more complications to your life.

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Broker's services and commission

If you are looking for help in selling your boat, having a yacht broker can be an excellent option, as you can choose the level of service you want and their fees are set according to the type of service provided. These may be fixed or on a percentage basis, and are agreed prior to the commencement of the mediation, and are settled once the sale of the vessel is completed.

If you choose to sell your boat with the assistance of a nautical brokeryou will have an expert in the market who will transmit confidence to potential buyers.

You as the seller can decide which services you want to hire, such as whether you prefer the broker to show the boat or whether you will do it yourself. You can also opt for the broker to take care of the maintenance and cleaning of the boat for buyers’ visits.

In some cases, the broker may accept the boat as part payment for the purchase of a new one. You can also choose whether to agree the sale exclusively with one broker to pay a lower commission or to use several brokers.

The broker will require documentation proving ownership of the boat, its maintenance and any other relevant documents to ensure that the sale goes smoothly and without delays. If you do not have the necessary documentation, the broker can help you find the best solution for this type of inconvenience.

For more information about: documentation and taxes in the sale of a boat, please contact us.

We hope you have enjoyed this article and that it has helped you to understand in more detail what our work consists of.

Have a great sailing, and see you on the high seas!

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Yacht Syndicate

A Yacht Syndicate

For most people, the capital outlay and ongoing costs of high-end hobbies cannot be justified against expected use. A yacht syndicate will achieve the same as other hobby syndicates, such as owning an aircraft or a racehorse. This will never diminish if you have a passion for owning a yacht.

Therefore, If you identify with this passion, being part of a yacht syndicate where the purchase price and ongoing costs are one-quarter or even a sixth might be very attractive. A Yacht Syndicate is especially relevant if you keep a Mediterranean yacht. Few spend more than a couple of months in one year using a Yacht.

We aim to support the syndicate.

We bring together individuals who want the same goal. Most versions of a Yacht Syndicate will allow you the exclusive use of your share for about 12 weeks per year. An online calendar shows you exactly when your weeks start and finish. You can often exchange allocated weeks or additional weeks when the Yacht is used with other shareholders’ consent.

What we need to know 

Decide which type of Syndicate you would like to join and email us. Some options are below, and we will be happy to send you more information if you are unsure what Syndicate will work for you.

  • Company Syndicate, establishing a company with other individuals to save the cost of VAT on a new Yacht
  • Agent Managed Syndicate, where we managed it for the first year to help it settle down.
  • Self-Managed Syndicate, the individuals look after the boat themselves. 

Forming a Syndicate

First, an individual will register as an interested stakeholder for a Syndicate. A small refundable deposit is made until other syndicate members are found. We will communicate the progress of the Syndicate discussing Yacht options. When we have a majority of stakeholders, we form a syndicate based on a collective agreement. The syndicates we create are based in Port Ginesta Marina Barcelona.

Each shareholder will have twelve weeks of exclusive use of the Yacht each year. Handover is much the same as if you are chartering a boat. However, all the owners know each other and are financially interested in looking after the Yacht. Therefore generally, yachts in syndicates require much less maintenance than charter boats.

All costs, such as insurance, marina berthing, and maintenance, are divided equally between the shareholders. 

A shareholder can sell a share at any time and leave the Syndicate. The selling shareholder decides the value of the share. Our experience is shareholders usually stay in a syndicate for about three years, but there is no time limit. 

The story of the Mytern

Mytern is a Bavaria 36 Yacht Syndicate that we formed in 2003. It has operated successfully in the UK as a self-managed syndicate for the past 17 years. Syndicate owners have enjoyed 12 weeks of use of the Yacht each year.

The owners of Mytern operate on the system we developed, where we manage the Syndicate for the first year. After the first year, the shareholders elect a member to be the manager and save the cost of our management fee. We kept all the papers for the yacht, so Syndicate owners could sell shares whenever they wished for the appropriate brokerage fee.

Initially, we did not encourage individuals to communicate with each other as we thought owners would like to remain private. Inevitably owners made contact and discovered they were part of a group of people who loved to go sailing. Now they often sail together and support each other as friends. In January 2020, the Yacht was put up for sale. The current syndicate members want to set up a new Syndicate together in the Mediterranean on a bigger Yacht. We plan to help them with this as we opened in Barcelona in early 2017. 

Some simple maths

The Bavaria Yacht MyTern was purchased new from us in 2003.

The cost of each original share in 2003 was £ 18,333.00 plus VAT, making the new boat purchase price in 2003 circa £73,333.00 ex vat (£ 88,000.00 inc vat). 

In 2020 (17 years later), she is for sale at circa £54,000.00, so that’s 13,500.00 per share. £18,000 – £13,500 = 4,500 loss over 17 years. Most owners kept the share for about three years, so the cost for each syndicate member is minimal.

Please get in touch with us to learn more about setting up a yacht syndicate in Port Ginesta, Barcelona, Spain.