COMPANY ELIGIBILITY CHECK

We invite you to respond to the below questions in order to check the eligibility of you company to apply for YACHTFOLIO.

If you pass the Eligibility Check and wish to proceed to apply for YACHTFOLIO, please note that a non-refundable Administration Fee (2,500 euros + VAT if applicable) will be required before starting the application procedure.

Provision of supporting documents will also be required at the application stage.

Please also find link to YACHTFOLIO application FAQs.

1) COMPANY BUSINESS ACTIVITY

Company's principal business activity(and no less than 75%) is retail charter/management/brokerage of fully crewed and commercially registered charter yachts over 20 metres in length for mono hulls and 17 metres for multi hulls.

2) PROFESSIONAL INDEMNITY INSURANCE

PI insurance is in place for Errors & Omissions / negligence in relation to charter broker activity with minimum liability cover of €500k or US$500k per claim with no limit in the number of claims per year.

3) SEPARATE BANK ACCOUNT

Separate bank account is used solely for holding clients and stakeholders' funds in relation to the yacht charter activity.

4) CONTRACTS

Company can provide a minimum of 10 contracts and / or 20 contracts as per below requirements.

For all charter contracts, the YACHTS are:

Over 20m in length (mono hulls) or 17m (multi hulls):

Commercially registered:

Fully crewed:

All the Charter CONTRACTS are showing the following information:

Name of yacht, owner, charterer, broker, stakeholder, size of yacht, charter fee and payment terms:

Date, stamp and all parties full signatures:

The applicant Company must appear as either the Broker and / or Stakeholder:

If you have 20 contracts available, CHARTERS are:

Click to select all answers: Yes No

Executed and completed term charters (no date in the future):

At least 5 days long:

Carried out on at least 10 different yachts:

Carried out with at least 10 different charterers:

At least 10 charters took place in the last 12 months:

The remaining charters took place between 12 and 24 months ago (and none older):

For no more than 4 charters for which the applying company has acted as both broker and stakeholder:

of the 20 charters submitted at least 5 must be minimum $/€50k:

OR
If you have 10 contracts available, CHARTERS are:

Click to select all answers: Yes No

All took place in the last 12 months:

Carried out with 7 different charterers:

Carried out on at least 5 different yachts:

Minimum average charter fee is 75K euros or dollars (excl. VAT) or total amount for 10 charter fees (excluding VAT and APA) is not lower than 750K euros or dollars:

For no more than 2 charters for which the applying company has acted as both broker and stakeholder:

5) PREVIOUS SUBSCRIBER TO YACHTFOLIO

Please advise if at any time in the past the applicant company has been a YACHTFOLIO Subscriber (of good standing for a minimum of 3 years)

6) END USERS

AT LEAST ONE PERSON IN THE COMPANY WILL BE AN END USER AND:

Is an employee, exclusive subcontractor or director of the company.

Is covered by the company PI insurance for errors and omissions.

Has received sufficient relevant training.

Has worked for a minimum of one year in the brokerage, charter or management of professionally crewed yachts either within the applying company or with another company.

Can submit proof of a minimum of 5 executed and completed term charters that have been carried out on 5 different yachts in the last 12 months and provide corresponding references from the Brokers / Stakeholders with whom the charters have been performed.