Our service doesn’t stop with the business of buying and selling yachts and boats alone. With the many years of international experience combined in our company we offer the following services:
Yacht and ship brokerage
Financial and Project management consultants
Marine insurance agents
Valuations of leisure and commercial craft
New-build projects of various designs of yachts
Assist with mooring acquisition
Assist with paperwork for registering vessel in SA
Introduction to Royal Cape Yacht Club for membership
Introduction to boat valet services company
Yacht maintenance program details
Guidance with any refit type work required
Assistance with all Warranty issues on new build purchase
Project management of refits
Booking agents for local and international charters
Advertising and film shoot consultants
WE CAN ASSIST WITH:
Local and International Waters:
Owning a boat represents a major capital investment and a commitment to substantial running and maintenance. Unlike other major investments, e.g. property, a boat moves through two unpredictable elements – water and wind; and it thus has a greater risk to be damaged.
Abromowitz Sharp & Associates offers marine insurance packages both locally and internationally, working with the best marine insurance specialists. All our policies have the highest level of security.
Attractive features of the policy include no monthly debit order fee if you opt for a monthly deduction, simply take the annual premium and divide by 12. In addition, there is a specified items section where, in the event of a claim; your excess is 10% of the value of the claimed item and not the overall excess – a preferential excess structure.
The underwriters are Mutual and Federal.
It is essential when valuing a vessel that it is done in a professional manner.
Numerous decisions depend on this, such as whether or not you get that extra money from the bank or how much you pay for your insurance. You certainly would not want to end up in a situation that your vessel was over- or undervalued with regard to insurance. If a vessel is registered in a foreign country, you would want to know that ownership is transferred to your name from the registered owner.
There is an international standard for valuations of boats. This fee includes time spent inspecting vessels and preparing a report.
We issue clear and easily understandable reports. Each report is a unique and exclusive document. As well as providing a valuation we provide the following:
General description of the vessel
An overview with recommendations and advice if selling or buying
The details of ownership
This is just brief information about how we will value your yacht and this web page will surely not answer all your questions. Please contact us for more information about how we work and for a quote to value your vessel.
The most common request we receive for a vessel survey is from the potential buyer of a pre-owned vessel. In addition to this, if the vessel is older than 10 years, the Insurers require a satisfactory out of water survey. This survey is very thorough and complete and includes all the bad bits with the good, it also suggests/recommends what needs to be done to the vessel prior to a sale going through. The cost of a haul out is not included in the price of the survey, remember, a haul out needs forward booking and coordination with us for the survey to take place.
We would need access to most parts of the boat that not necessarily are seen on a daily basis and heavy gear may well need moving. Steering quadrant and rudder stock head will also need viewing access. All seacocks, engine room/compartment, Genset, batteries, mast base if keel stepped, bilge pumps, chain plates, bulkhead to hull joins and all the relevant in date paperwork for example Certificate of Competence.
Another request for a vessel survey is when damage has occurred and the Insurers needs a report thereof. We offer this service as well. Quotes will be required and these are to be reviewed by the surveyor and offer advice and recommendation where necessary. Subcontractors work for the owner of the vessel.
One type of vessel survey that we do not do often and should be done every three years is a “Condition Valuation Survey” – this survey protects both the owner and Insurer as the survey is done to determine a fair current market price and any current defects and recommendations.
Contact us for the current Tariff of Fees and Disbursements for Valuations of Vessels.
FOR A FREE NO OBLIGATION QUOTATION, PLEASE CONTACT ABROMOWITZ SHARP & ASSOCIATES ON +27 (0)21 419 0722 OR EMAIL
Looking to berth your yacht?
We can assist with berthing requirements at any South African Yacht Club of your choice.
We will put you in touch with the correct people to speak to and arrange your mooring for short or long term purposes, right outside our offices here in the V & A Waterfront for you or if not here, then we can assist with berthing requirements at any South African Yacht Club of your choice.