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antonahill

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Posts posted by antonahill

    Yacht Insurance in Wellington

    in MarineTalk

    Posted

    Thanks.

    I've already bought it. I thought I'd be better off saving the money that could have been spent on a survey and using it to fix things that need fixing. I have previously tried negotiating on the basis of what's wrong without much success. This time I said I really like your boat but I only have this much money, which was true, and now I have the boat.

    Legal issues with respect to yacht purchase.

    in MarineTalk

    Posted

    The thing I was especially worried about was whether the yacht was security for a loan under a name other than the sellers; for instance a company owned by the seller. There is no way to search the properties register for a yacht other than the owners name. 

    I have no doubt the seller is the owner in a common sense way.  Both he and the boat come with very good references but I thought it would be irresponsible not to tick all the boxes.

    Legal issues with respect to yacht purchase.

    in MarineTalk

    Posted

    I'm in the process of buying a 35ft yacht. The owners will have left the country by the time I have transferred the money into their bank account. Until that happens we have agreed they will leave the keys with a third person. It's a lot of money so although I have a good feeling about the sellers I'm still anxious.

    Are there any safeguards I should put in place?

     

    I have searched the Personal Properties Securities Register under the sellers name but is there a way of establishing who actually owns the boat?

     

    Any advice would be helpful.

    Thanks

    Anthony

    Sailing Akaroa to Wellington

    in MarineTalk

    Posted

    Thanks everyone.

    I did fly down to look at the yacht on Saturday. The picture of the engine is misleading. The yellow string is  the engine stop and the cable tie is there to tidy things up. Other than that the engine setup is very clean, well organised and easily accessible compared to others I've seen. There is superficial rust on the shackles but up close they look more than adequate. After seeing the boat , the rigging was my biggest concern although the shackles themselves looked fine and more than adequate up close apart  from superficial rust. I thought, with my very limited experience, that the rigging needed work but was still good for the trip to Wellington. 

     

    On Sunday night I bid on the auction, went well past my limit, saw common sense and was outbid which made me feel relieved although also peeved at having lost.

    Three minutes before the end of the auction I received an email from Trade Me to tell me "Trade Me Admin has removed the bid above yours for the auction "35ft ferro cement keeler Collin Archer design", meaning your bid for $21,700 now leads."

    In short, the other bidder drove the price up $10000 and then called Trade Me to have his bid/bids removed moments before the auction closed leaving me to win the auction. Eventually I managed to get though (they make it very hard) to Trade Me but they were not helpful. 

    I don't think the seller had anything to do with this. I suspect I had a recent interaction with the other bidder and I'm tempted to say more about his possible motives but I suppose I'd better not say anything libelous at this point.

    The seller is also unhappy with Trade Me's actions and I think we may yet come to an agreement on the sale of the yacht.

     

    Does anyone have any idea of the cost, time and other difficulties involved in hiring a skipper to shift the yacht from Akaroa to Wellington?

     

    And thanks Brendon. If I end up owning the yacht  I may be in touch. I have a berth at Evans Bay too.

    Sailing Akaroa to Wellington

    in MarineTalk

    Posted

    The person selling it didn't sound interested in helping post sale when I asked. I can see it could easily reach a price at which it no longer makes sense, especially if I pay someone to help me shift it. It doesn't come with any safety gear either; lifejackets, epirb, harnesses? liferaft? How thoroughly equipped in that respect do I need to be?

    Sailing Akaroa to Wellington

    in MarineTalk

    Posted

    Thanks for the advice. It's all very useful. This is the yacht. I'm going to see it tomorrow. I'm trying to work out whether it would be viable in terms of time and money to safely move it to Wellington. I also appreciate that dreams, knowledge, money and reality may not yet have coincided. I have a berth at Evans Bay Marina here in Wellington but  I'm not allowed to have it longer than three months without a boat.

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