FOR MOST THIS IS A VERY LARGE INVESTMENT, PERHAPS SECOND ONLY TO THEIR PRIMARY RESIDENCE. THERE ARE A FEW CHECKS THAT YOU CAN FOLLOW TO HELP MAKE THE TRANSACTION SUCCESSFUL.

- Is the Broker/Dealer a member of the Yacht Brokers Association of America (YBAA)?

- Is your broker professionally "Certified" by the YBAA?

- Does your Broker maintain a "customer escrow" independent of their general business account?

- Does the broker have professional indemnity insurance?

- Does the boat have the required documentation such as - HIN; CE mark; Bill of Sale; Builder's Certificate?

- Is there any Preferred Mortgage outstanding from the previous owner?

- Are you able to raise the buying capital? You could lose your deposit if you can't complete the purchase in good time.

- Are you certain of the vessel's condition? It is advisable to have the boat surveyed before you close.

MEMBERS OF THE YACHT BROKERS ASSOCIATION OF AMERICA (YBAA) ARE PROFESSIONAL BROKERS WORKING TO A PROFESSIONAL CODE OF ETHICS.