Friday, November 9, 2012

Financing and Marine Insurance

Financing a new or used Gulet is a fairly straightforward process if you’ve got a good credit history and the 15-25% down payment. You may even want to pre-qualify for a loan before you go boat shopping to give yourself some extra leverage when it comes to negotiating prices with dealers.

On a new Gulet, the Manufacturer’s Statement of Origin certifies that it has had no other retail owner. With used boats, lenders check for a clear title or record of ownership. In addition, information about pending liens or unpaid debts may be recorded in the county court where the boat is kept or where the owner resides.

Basic marine insurance includes Hull Coverage for damages to the boat whether it is on land or in the water.
Insurance costs are affected by length of boating season, area of navigation, previous insurance claims, and boating experience. Expect to pay more if you own a “muscle” boat, a wooden boat or if you live aboard or cruise offshore.

Impartial Advise

There are internationally recognized independent surveyors and experts working for insurance companies in Turkey who can assess the condition and suitability of the Gulet for its intended purpose. The insurance surveyors, They exist on their expertise and independence. They all have personal experience of the majority of boatyards and repair facilities in Turkey and understand the Gulet charter business.

Gulet Condition

Gullets come in all manner of shapes and designs! Though some have been built and equipped to withstand the rigors of an ocean crossing, the majority have been constructed for coastal cruising.


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