Boat Registration & Safety

Every engine-equipped Gulet operating in Turkish waters, as well as many other types of boats, must be registered with a Ship Registry. Registration numbers consisting of a four number and home port and a combination of letters and numbers are displayed on the bow. Sea worthiness is usually renewed every year. Boat registration is similar to car registration. Mostly, registration fees pay for the enforcement of navigation and pollution rules. Registration programs also aid in identifying lost or stolen boats. Not always required that boats be...

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Written Warranties

It might not have the appeal of bright chrome and shiny varnish or have the exhilarating kick of a high-horsepower engine, but the manufacturer’s written warranty can make or break the new boat experience faster than a fish-finder can spot a school of blues. Ask the warranty is the manufacturer’s promise to stand behind its products by providing service and repairs after purchase. Since marine warranties vary widely in their coverage, comparison shop before you buy. Look for multi-year warranties for hull structures and engines, as well as...

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Deposits & Trade Ins

Deposits Most brokers and dealers require a 10% cash payment on a used  Gulet but a nominal deposit is enough to get the dealer to write a contract. Often, the deposit is placed in an escrow account, but this is less common with private party sales. The seller may have a right to keep all or a portion of the deposit if the buyer backs out of the deal without cause. As a buyer, you should include as many contingencies as necessary to protect your interests, including satisfactory survey and sea trial, clear title, and ability to obtain financing...

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Need A Lawyer Or Not?

Do you NEED a lawyer to buy a boat? Absolutely not. Whether you use an attorney or not should be weighed against the level of risk and complexity in the transaction. Most boat purchases that do not involve financing also do not involve an attorney. Few yacht brokers will recommend an attorney unless they anticipate a problem. On many occasions, even financed vessel transactions do not involve attorneys. Marine transactions are best compared to...

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Sales Contracts & Deposits

Sales Contracts Whether you buy a brand new Gulet or a used Gulet directly from the owner, outlining the terms of the sale in writing is the best way to protect your interests, since oral agreements are good only as long as both parties agree. If you are dealing with a broker, they usually have a sample contract written with international laws. A written agreement will eliminate or minimize questions and problems that could later turn a sweet deal at the dock into a sour one in court. By spelling out the obligations of buyer and the seller,...

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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...

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The Cost Of Owning A Gulet

Prices In between May and September is charter season in Turkey and the Gulet owners accept the heights price. There for from October to April is the best time to purchase a Gulet. Make sure that you use recently updated brokerage web sites to compare the prices. If you are interested in new construction, check first 1 or 2 years old ones to have an idea about the costs. Please note that it should b e same size, material, labor and equipment. The profit margin When it comes to bargaining, keep in mind that, although mark-up rates vary according...

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New or Used Gulet

Personal finances are often a key factor in the decision to buy a new or used Gulet. However, other factors should be considered. After-sale service  The retail cost of a new boat includes the cost of providing warranty service. When a used Gulet is sold “as is,” the only thing that’s guaranteed is that the buyer will pay to fix any problem that crops up. Financing New and used Gulet are treated equally in terms of interest rates and down payments. However, expect some extra financing hurdles if you’re buying a boat over 15 years old...

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23rd International Marmaris Race Week - Results

It was the last day of 23rd International Marmaris race week and find below the results. Marmaris International Race Week is underway in one of Turkey’s tourist hotspots. Teams and boats have splitted into eight groups and the many sailors gathered in this popular port town in the Mediterranean coast for the 23rd edition of this exciting event. ...

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23rd International Marmaris Race Week

MIRW (The Marmaris International Race Week) is an annual yachts event that organized by MIYC (The Marmaris International Yacht Club). The Marmaris International Yacht Club was founded in 1992 by the yachtsmen and women of Marmaris. Prior to the formation of the club, these people would hold various amateur races between themselves but once the club was set up, they saw an opportunity to create an official get-together and organised the first...

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