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Buying and Selling

How Should I Flag my Boat?

Once you have a boat under contract, one of the first questions that you will ask yourself, and one that we most often get here at The Multihull Company is “How should I flag my boat?” Here, TMC President, Phillip Berman sits down to answer this often difficult question.

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Interview with a 5 Oceans Broker

5 Oceans Marine Group client, Dave, interviews our broker, Will Miller for helpful information to future boat buyers. Here, Will answers what a broker does for a potential buyer and how the used boat purchase process works.

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How Do I Import and Pay Duty on a Boat?

When a US Flagged Vessel first makes her arrival into US Waters she is required to make what is known as a formal entry and pay US Duty and Import Tax due on the boat. When planning your formal entry into the US to pay duty, here are the steps that you will want to follow.

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Can I Avoid Paying the Duty on my Boat?

We’re constantly asked how an owner can avoid paying the duty on a boat, and it’s doable, but is it worth it? 5 Oceans President, Phillip Berman sits down to discuss the details behind the perks and limitations when contemplating paying the duty of a boat.

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What is an Offshore Closing?

Occasionally we handle transactions where either a buyer or seller require a closing to occur outside of the area where the boat is currently lying. Follow along as 5 Oceans founder, Phillip Berman discusses what we call an “offshore closing”.

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ARE YOU A SPREADSHEET GUY?

A spreadsheet is only as accurate as the information you feed it. Just remember that in yachting, everything is a compromise, there is no perfect boat, and the best you can do is seek to find the boat that best suits your needs and agenda in a price point you can afford.

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CATAMARAN DEPRECIATION

We all know that boats, unlike real estate, tend to depreciate. For those who are about to buy a catamaran, the question is: How much will it depreciate?

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CATAMARAN VS MONOHULL

Speed under sail, comfort underway, maneuverability and cost ~ Catamaran vs. Monohull ~ factors to consider when deciding which is best for you?

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POST SURVEY NEGOTIATIONS

Negotiating the terms of acceptance after the survey is completed is one of the most challenging aspects of a yacht sale. Check out these tips on getting the sale to the finish line.

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CATAMARAN DEPRECIATION

Currency fluctuations, condition and brand can all factor into depreciation. If you want to avoid depreciation, take care of your boat.

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