I am considering the purchase of a large yacht through a broker, and I have a few questions about the escrow process. I understand that most transactions in California call for the buyer’s funds to be held and disbursed...
David Weil has been the proud author of the “Ask a Maritime Attorney” column in The Southern California Log Newspaper and Sea Magazine since 2006, with over 300 installments of the column. We have provided links in this section to those articles, covering a wide range of topics of interest to the California maritime and boating communities.
I am considering the purchase of a boat through a yacht broker, and he has advised me that I must submit the offer with a 10 percent deposit. This is a fairly significant purchase, so a 10 percent deposit will amount to quite...
I took a harbor cruise with my family in Long Beach Harbor a couple of weeks ago on a gorgeous Saturday afternoon. The afternoon breeze picked up — and before long, we were surrounded by personal watercraft, windsurfers and...
I recently read an article about marine insurance policies in another yachting publication. The author of that article indicated that many shipyards in Florida require their customers to sign a work order that absolves the...
Is a Lawyer Necessary for a Big Boat Purchase?
March 30, 2011
We are preparing to make an offer on a fairly large boat, and I am concerned that I may be overlooking some of the legal issues associated with the purchase. Our broker seems pretty knowledgeable, but he’s obviously not a...