Law of Yachts and Yachting

Page 157


Yacht Brokers

Yacht Brokers

  • 1. Yacht broker associations and central agency agreements 157
  • 2. The role of brokers 159
  • 3. The authority of the broker 162
  • 4. The ordinary duties of the broker 164
  • 5. The fiduciary duties of the broker 166
  • 6. The broker as stakeholder 169
  • 7. The remuneration of the broker 170

[7-001] Introduction. Yacht brokers provide a range of services for their clients, from acting in relation to one particular transaction, for example a sale or a charter, or providing a full portfolio of services including the commercial and technical management of a yacht.1 As with many other aspects of the yachting industry, the scale of the transactions can also vary enormously, from the sale or purchase of a small motor boat or yacht to the commissioning, construction, crewing and operation of a megayacht.

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