The Wire, issue 46, March 2023 - The Superyacht Wire

Introduction - superyacht wire 2023

09/03/2023

Introduction - superyacht wire 2023

Welcome to the latest ITIC wire, the superyacht wire.
Paradise is not twice as nice

09/03/2023

Paradise is not twice as nice

The real name of the yacht in this claims example has been changed and a fictional name is used.
Stick with Shipman for superyachts

09/03/2023

Stick with Shipman for superyachts

The difference between a yacht and a ship has become blurred over the years due to the increase in the size of the yachts.
It’s still a bit tender

09/03/2023

It’s still a bit tender

ITIC insured a yacht manager who was replaced by a new manager at the end of an extended winter refit in the South of France.

09/03/2023

January sails - everything must go!

An agent was appointed by the owner of a sailing super yacht calling at a Mediterranean island.
Helicopter hiccup

09/03/2023

Helicopter hiccup

A film production company chartered a yacht for a one-day photo shoot.
It’s all a matter of class

09/03/2023

It’s all a matter of class

A yacht broker and manager acted for a client who wanted to purchase a yacht for family use but which he would also be able to charter out commercially.
Don’t do favours

09/03/2023

Don’t do favours

An owner of a superyacht asked a yacht manager as a favour to recommend a Master for an upcoming charter. The yacht manager hoped to acquire the management of the yacht.

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