Associated Yacht Brokers AYB Reach Out

AYB Continuous Professional Development courses are spread over 4 sections.

Section  I: The Transaction Process

 

Section  II: Professional Conduct and Brokerage Operations

 

Section  III: Yacht Construction and Technical Acumen

 

Section  IV: The Regulatory and Legal Framework 

 
 

Section  I: The Transaction Process

 
  • 1.1 Agreement Frameworks 1978
    • Purchase and Sales Agreements
    • Contingency Management
    • Handling Deposits (Earnest Money)
  • 1.2 Vessel Evaluation 1510
    • The Survey Process
    • Sea Trials
    • Inspections
  • 1.3 Closing Procedures 1757
    •  Post-Agreement Protocols
    • Transfer of Ownership and Funds
    •  Post-Closing Procedures
    • Common Pitfalls and Best Practices
 

Section  II: Professional Conduct and Brokerage Operations

 
  • 2.1 Listing Agreements 1495
    • Listing Agreement Details
    • Central vs. Open Listing Arrangements
  • 2.2 Listing and Selling Broker Responsibilities 1675
    • Listing Broker Responsibilities
    • Selling Broker Responsibilities
    • Risk Management and Co-Brokerage Relations
  • 2.3 Handling Complex Scenarios 1692
    • Managing Multiple Simultaneous Offers
    • Deposit Funds Management (Reiterated for process focus)
    • Survey Matters and Negotiation follow-up
    • International Buyers and Sellers
    • Difficult Personalities and Emotional Clients
    • Unusual Vessel Situations
  • 2.4 Core Ethical Principles 996
    • Fiduciary Duty
    • Conflict of Interest Management
    • Professional Development and Competence
    • Other Core Ethical Principles
  • 2.5 Concluding the Sale 1131
    • Acceptance of the Vessel by the Buyer
    • Responsibilities at Closing (Reiterated for fiduciary duty focus)
    • Post-Closing Strategy
 

Section  III: Yacht Construction and Technical Acumen

 
  • 3.1 Hull Construction Materials 2427
    • Fiberglass/GRP/Standard Composite Construction
    • Advanced Composite Construction (Carbon Fiber, Kevlar, Epoxy)
    • Metal Construction
    • Wood Construction
    • Concrete and Ferrocement Construction
    • Paint vs. Gelcoat
  • 3.2 Systems and Equipment 2774
    • Electrical Systems
    • Electronics and Navigation Equipment
    • Propulsion Systems
    • Stabilization Systems
    • HVAC systems
    • Watermakers/Desalinators
    • Hydraulic Systems
    • Fire Suppression Systems
    • Safety & Lifesaving Equipment
    • Marine Sanitation Devices (MSDs)
  • 3.3 Finishing and Maintenance 2651
    • Yacht Finishes
    •  Interior Finishes & Material
    • Maintenance
    • Painting and Coating Systems
    • Teak Deck Care & Refurbishment
  • 3.4 Design and Terminology 2133
    • Yacht Designs 
    • Boating Terminology
    • Yacht Performance & Motion
    • Navigational Skills (Applicable to understanding vessel capability)
 

Section IV: The Regulatory and Legal Framework

 

4.1 Regulations, Registries, and Standards 1439

  •  Flag State Registries and Documentation: Identity, Ownership, and Nationality
  • Key Registries and Their Characteristics
  • Impact on Title, Liens, and Ownership Transfer
  •  International Conventions
  • Local Port/Coastal Regulations 

4.2 MCA 4865

  • Maritime and Coastguard Agency: The Regulatory Foundation
  • Pleasure vs. Commercial Use
  • Small Commercial Vessel Codes
  • Large Yacht Code
  • Compliance Risk
  • Key MCA Notice
  • Large Yacht Code and Manning
  • Pleasure Vessels and General Safety
  • SCV Area Categories
  • Part I Registration and VAT Status
  • Due Diligence Checklist: Key Documents
  • Memorandum of Agreement (MOA)

4.3 SOLAS, MARPOL and Beyond 1695

  • Safety of Life at Sea (SOLAS)
  • Critical SOLAS-Equivalent Requirements for Broker Due Diligence
  • Prevention of Pollution from Ships (MARPOL)
  • Beyond SOLAS & MARPOL: Other Key International Conventions

4.4 Classification Societies  1334

  •  Purpose, Role and Key Societies
  • Role and Scope of Standard

4.5 Taxation and Financial Obligations 2511

  • Value Added Tax (VAT)
  • Chartering Sales Taxes
  • Import/Export Duties
  • Luxury Tax / Excise Tax
  • Chartering Sales Taxes
  • Sales and Use Tax
  • Foreign Exchange & Currency Risk

4.6 Operational Compliance 2310

  • Licensing Laws (Broker and Vessel)
  • Anti-Money Laundering (AML) / Know Your Customer (KYC) Regulations
  •  Maritime Liens: Understanding Encumbrances
  • Environmental Regulations (Specific to Cruising Grounds)
  • Record-Keeping Requirements and Best Practice

 

AYB - a Yacht Brokers Association that is certified as an approved provider of CONTINUOUS PROFESSIONAL DEVELOPMENT.

Associated Yacht Brokers (AYB)

Weybridge

Surrey

England

(United Kingdom)

KT 13 8LB.

Associated Yacht Brokers AYB SRL Strada Hasdatii nr 71 Gherls Judet Cluj Romania is the official central european office of the association.