1. How many hours on the engine?
Our vessels have roughly 500hrs on the engines for each year they are in charter.
2. How is the boat registered?
The majority of our vessels are either US, French, or British Flagged. At closing we will delete the current registration so your doc agent can register your vessel.
3. What are the taxes?
We don’t charge any taxes on the vessels that are located in the Caribbean unless you are a Florida Resident, and you plan to bring the boat back to Florida.
4. How much to have it delivered?
For water delivery from Tortola, BVI to Ft Lauderdale a captain normally charges around $300/day, plus air fare, provisions, and $100/day for each extra crew member needed for the delivery. These deliveries normally take 7-10 days depending on the weather.
5. Does it need a bottom job?
If the vessel is due for its yearly out of water maintenance a bottom job will be included with the sale.
6. What is included with a phase out?
This is not easily answered as every boat is a little different, and not black and white. It is best to speak with one our brokers to fully explain the process to you.
7. Do you offer financing?
We don’t offer any financing, however, your broker can provide you with a list of finance companies to choose from.
8. Do I have to pay duty when bringing the boat back to the US?
This depends on where the boat was built. All the Jeanneau sailboats were built in France, and the Robertson & Caine Leopard Catamarans were built in South Africa so Duty will need to be paid by the Buyer if brought back to the US. The majority of the Beneteau Sailboats 40’ and under that we list in the Caribbean were built in Marion, South Carolina so Duty is not due on these. However, all the Beneteau Sailboats over 40’ will have to have duty paid when brought back to the US.
9. How much is US duty?
Duty is 1.5% of the value of the vessel at the time of importation.
10. Is it a conflict of interest to work with a moorings broker on a moorings sale?
We have Listing/Support Brokers who handle all of the Listings for the fleet, and then we have Selling brokers (or Buyer’s Broker) who work specifically for the Buyer so there is no confusion.
11. Is there a warranty?
There is no warranty offered on a used boat purchase.
12. How far in advance should I make an offer, if I want to sail away in 3 months?
Our typical timeline from initial offer to handover is between 8-12 weeks due to the phase out process that takes roughly 6-8 weeks. However, it’s best to speak with one of our brokers to get a better idea of the current workload which will affect the phase out timeline one way or another.
13. Do you have any boats in the US I can look at?
The majority of our listings are scattered throughout our Caribbean bases, but ask your licensed Moorings broker to see what is available in the US.
14. Do you have a survey available?
Some boats might have a prior survey that is available to be shown to a potential Buyer. Ask your Moorings Broker.
15. How much does insurance cost?
Boat insurance typically costs 1% of the value of the vessel per year.
16. Can I leave the boat in your fleet, or will you take the boat back after I purchase it?
We always have some boats that can be sold back into the fleet by a Moorings Broker. Please inquire within to see the different options currently available.
17. How much does it cost to register the boat?
A doc agent will charge you around $500 to register your vessel.
18. How much is the escrow deposit?
The escrow deposit is 10% of the initial offer.
19. How much does a haul out cost?
This varies from one boatyard to the next, but you can expect to pay between $7-13/foot for the short haul during survey.
20. How much does a survey cost?
The surveyors in the Caribbean charge roughly $25/foot.
21. Does it have any damage history?
Your Moorings Broker can check to see if there were any insurance claims on the vessel while it was in the fleet.
22. Does the life raft stay with the boat?
If there was a life raft on the vessel when the boat surveys it will stay with the vessel. However, we will not service the life raft if it is needed.
23. Is the dinghy included in the sale?
We don’t include a dinghy/outboard with the sale of the charter vessels. However, some crewed charter vessels will include a dinghy with the sale, but we cannot guarantee that you will have the necessary paperwork to register the dinghy.
24. Can we buy a used dinghy from The Moorings/Sunsail?
Your broker can check with the base that you are purchasing the boat from to see if there is an option to purchase a used dinghy from the base. The cost is negotiated on site, and is a separate transaction.
25. Why is there a price differences between the boats that are all the same model?
The asking price of each yacht is determined by the different owners.
26. Why should I buy an ex charter boat? I heard charter boats are sailed hard and put away wet.
All of our charter boats go through both pre and post charter checks, plus quarterly and yearly maintenance schedules. Then they are put through a meticulous phase out at the end of the program where you can purchase an ex charter boat for fifty cents on the dollar.
27. Can I fly down to the islands and look at all of the boats?
Absolutely, before you do so be sure to speak with your Moorings Broker to make sure the boats that you want to view are available for a showing, and not out on charter or tucked away in our Hurricane Hole.
28. What is involved in buying a boat out of the US?
29. Can I charter the boat before I buy it?
If the vessel is still an active charter vessel you can book a charter by calling 800-535-7289.
30. Are the maintenance logs available?
Moorings operates on different business model to other charter companies, and performs scheduled maintenance that isn’t charged back to customer so maintenance logs are not available.
31. Service life of the sails?
In charter the service life ranges from 2-3 years on average.
32. Can we get additional items (such as solar) fitted here at the base?
Your broker can provide you a list of private contractors for your desired work list. However, no outside contractors are allowed to work on the vessel until we close.
33. Which surveyor do you recommend?
We are not in the business to recommend a surveyor, however, your broker can provide you with a current list of surveyors where you intend to purchase.
34. Is the boat company owned?
Your Moorings Broker can let you know which boats are company owned assets, or privately owned.
35. What is the market for this boat if I want to sell it later?
Your Moorings Broker can run the current comps for the model you are purchasing which will give you an idea of the pace and price they sell.
36. What inventory is included with the sale of the ex-charter boat?
All the inventory that was on the vessel at the time of survey will remain with the vessel.
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