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 is retail charter/management /brokerage of fully crewed and commercially registered charter yachts over 20 metres in length.

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 5 contracts and / or 10 contracts as per below requirements.

For all charter contracts, the YACHTS are:

Over 20 m in length:

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 10 contracts available, CHARTERS are:

Select all answers    

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

At least 5 days long:

Carried out on at least 5 different yachts:

Carried out with at least 5 different charterers:

At least 5 charters took place in the last 12 months:

No more than 5 charters took place in the past 24 months (and none older):

No more than 2 charters were for the Beneficial Owner of the yacht:

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

If you have 5 contracts available, CHARTERS are:

Select all answers    

All took place in the last 12 months:

Carried out with 5 different charterers:

Carried out on 5 different yachts:

Minimum average charter fee is 50K euros or dollars (excl. VAT) or total amount for 5 charter fees (excluding VAT and APA) is not lower than 250K euros or dollars:

5) PREVIOUS EXPERIENCE

Company has previously been a YACHTFOLIO subscriber in 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, 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.