Comprehensively Yachts, December 2024 bulletin

As we rapidly approach the festive break, it is once again time for Comprehensively Yachts, our twice-yearly briefing to the yachting industry. As ever, you will find it contains a range of commentary on matters of interest and importance to the yachting industry.

First, after handling a succession of acrimonious charter disputes, several of which might have been avoided, our Monaco office set out a simple, but often surprisingly ignored, list of dos and don’ts for anyone embarking on a charter, whether they be an owner or a charterer.

Second, having seen a growing number of clients enquire about the possibility of operating their yacht under the Yacht Engaged in Trade (or YET) programme, we consider the limitations and potential attractions of such an operation.

Third, with biofuels increasingly being considered by owners, yacht builders and others, we examine some of the decisions to be made, in conjunction with Alessio Sbraga, one of our leading experts in environmental compliance, including emissions and fuel regulations, sustainability and decarbonisation.

Fourth and finally, given recent cases brought against shipyards in the UK and the EU for infringement of timber regulations, we look at the regulatory landscape for the use of exotic timbers.

We hope you enjoy this edition and please do keep in touch. If there is anything you would like us to discuss in forthcoming editions, please do let us know.