Canadian Yachting May 2021 - 40

with a marine insurance specialist early in the purchase
process, if not before, is important. They should be able to
also provide you with a short list of marine surveyors that
will be acceptable when it comes time to purchase the boat.

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inspection to check for any operating issues that might be
observed by vibrations that appear to be out of the ordinary
and, again, that all equipment is operational. Marine surveyors are not marine mechanics, so an additional mechanical
What are the key elements of a marine contract to ensure that LQVSHFWLRQVKRXOGEHFDUULHGRXWE\DTXDOLˉHGPDULQHPHI am protected?
chanic who specialized in the boat's type of power.
1. A marine survey satisfactory to the purchaser. This is to
occur within three weeks after acceptance of the offer. The What additional services does a marine surveyor offer?
survey may be delayed due to weather at the sole discretion Many surveyors can captain your vessel to any destination
of the surveyor.
you'd like. They can check on oil samples from engines, transmissions and generators to help ensure there are no issues,
2. All equipment on the listing form attached as well as on and they conduct vessel appraisals. Surveyors can also conboard the vessel at time of viewing is to be present and duct additional inspections during the sea trial.
operable at the time of commissioning in spring.
How old does a boat need to be before you get a survey and
3. Vendor is to assist in the commissioning of the vessel, and what size?
familiarizing the purchaser as to the workings of the vessel Older boats more than 15 to 20 years old require a marine
and her equipment. This is to occur at a time mutually agreed survey from an acceptable surveyor before you will be able
upon by both parties.
to get insurance coverage but even newer boats should be
surveyed, especially if they are still under warranty so that
4. $5,000 dollars held in trust by the broker to ensure con- any required repairs can be covered by the warranty.
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or enforced upon completion of condition #3.
Most marine surveys are helpful in determining any price reductions that may need to be negotiated to address required
5. Storage for the remainder of the season included in the safety issues. Every vessel will have some recommendations
offer.
and the surveyor will outline which ones are normal for the
age of the vessel and which ones you should seek additional
What taxes have to paid?
information and a quote for repairs during your purchase.
The purchaser is responsible for 13 percent retail sales tax The size of the vessel should not restrict getting a survey.
on the full cost of the boat or 13 percent HST if you wish to
reduce the tax between the purchase price and the selling Should I buy a salt-water boat?
price of a trade in. For further information about import costs Salt-water boats are not necessarily a problem if they have
and related taxes and duties, ask your broker.
been well maintained but wiring is an issue that will need
to be addressed. The survey will indicate if the vessel has
Where is the best place to keep a boat?
been in salt water, what problems that has caused and if it's
If you are not keeping it at your own dock or on a trailer on just been shined up with a bit of paint and polish to make
your property, consider a yacht club or marina. A yacht club it look good.
may be able to provide a range of other related boating
services including, but not limited to, activities, food and What should I do with my survey?
training. Marinas will usually provide dockage and marine A survey is yours and yours alone. You have paid for it and
stores. Both may also offer winter storage. It is a good idea can use it as a price-negotiating tool for any larger items
to make sure you can get dockage and storage space before found. It should be sent to your insurance company prior to
purchasing a boat. At both yacht clubs and marinas you will FORVLQJWKHGHDOVRWKDWWKH\FDQRXWOLQHDQ\GHˉFLHQFLHV
need a minimum of liability insurance.
that need to be addressed. Only you can decide who else
has access to the survey.
Barry Goodyear's Key Points
When should I get a marine survey?



Canadian Yachting May 2021

Table of Contents for the Digital Edition of Canadian Yachting May 2021

AT THE HELM
FEATURE: THE WET SET
SAIL REVIEW: BENETEAU OCEANIS YACHT 54
DESTINATION: AHOY BY A CENTURY!
THE PORT HOLE: MAY 2021
BOATING LIFESTYLE: A MAIN COURSE OF BOATING CONVENIENCE SERVED UP WITH A SIDE OF ENVIRONMENTAL GOODNESS
TECH: ADD A SHADE - COOL COMFORT WITH CONVENIENCE
CROSSING THE LINE: DR. WINCH ANSWERS YOUR BOATING PANDEMIC QUESTIONS
Canadian Yachting May 2021 - Intro
Canadian Yachting May 2021 - Cover1
Canadian Yachting May 2021 - Cover2
Canadian Yachting May 2021 - AT THE HELM
Canadian Yachting May 2021 - 4
Canadian Yachting May 2021 - 5
Canadian Yachting May 2021 - 6
Canadian Yachting May 2021 - 7
Canadian Yachting May 2021 - 8
Canadian Yachting May 2021 - 9
Canadian Yachting May 2021 - FEATURE: THE WET SET
Canadian Yachting May 2021 - 11
Canadian Yachting May 2021 - 12
Canadian Yachting May 2021 - 13
Canadian Yachting May 2021 - 14
Canadian Yachting May 2021 - 15
Canadian Yachting May 2021 - 16
Canadian Yachting May 2021 - 17
Canadian Yachting May 2021 - SAIL REVIEW: BENETEAU OCEANIS YACHT 54
Canadian Yachting May 2021 - 19
Canadian Yachting May 2021 - 20
Canadian Yachting May 2021 - 21
Canadian Yachting May 2021 - 22
Canadian Yachting May 2021 - 23
Canadian Yachting May 2021 - DESTINATION: AHOY BY A CENTURY!
Canadian Yachting May 2021 - 25
Canadian Yachting May 2021 - 26
Canadian Yachting May 2021 - 27
Canadian Yachting May 2021 - 28
Canadian Yachting May 2021 - 29
Canadian Yachting May 2021 - 30
Canadian Yachting May 2021 - THE PORT HOLE: MAY 2021
Canadian Yachting May 2021 - 32
Canadian Yachting May 2021 - 33
Canadian Yachting May 2021 - 34
Canadian Yachting May 2021 - 35
Canadian Yachting May 2021 - 36
Canadian Yachting May 2021 - 37
Canadian Yachting May 2021 - 38
Canadian Yachting May 2021 - 39
Canadian Yachting May 2021 - 40
Canadian Yachting May 2021 - 41
Canadian Yachting May 2021 - 42
Canadian Yachting May 2021 - 43
Canadian Yachting May 2021 - BOATING LIFESTYLE: A MAIN COURSE OF BOATING CONVENIENCE SERVED UP WITH A SIDE OF ENVIRONMENTAL GOODNESS
Canadian Yachting May 2021 - 45
Canadian Yachting May 2021 - 46
Canadian Yachting May 2021 - TECH: ADD A SHADE - COOL COMFORT WITH CONVENIENCE
Canadian Yachting May 2021 - 48
Canadian Yachting May 2021 - 49
Canadian Yachting May 2021 - 50
Canadian Yachting May 2021 - 51
Canadian Yachting May 2021 - 52
Canadian Yachting May 2021 - 53
Canadian Yachting May 2021 - 54
Canadian Yachting May 2021 - 55
Canadian Yachting May 2021 - 56
Canadian Yachting May 2021 - 57
Canadian Yachting May 2021 - 58
Canadian Yachting May 2021 - 59
Canadian Yachting May 2021 - 60
Canadian Yachting May 2021 - 61
Canadian Yachting May 2021 - CROSSING THE LINE: DR. WINCH ANSWERS YOUR BOATING PANDEMIC QUESTIONS
Canadian Yachting May 2021 - Cover3
Canadian Yachting May 2021 - Cover4
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