Financial Services
Ocean Alexander Welcomes Two New Families
MarineMax Yacht and Brokerage Sales Executive James Corts recently sold two Ocean Alexander Yachts over 80 feet.Corts met the owners of a new Ocean Alexander 85 Motoryacht at the Palm Beach Boat show last March. They were looking to move up from a 75 Lazzara and found the size and volume of the Ocean Alexander 85 much larger than many other boats in her class. The added contemporary elegance and classic semi-displacement hull design made the Ocean Alexander 85 Motoryacht a perfect choice.
“Blockchain” and the World of Marine Insurance
If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether. But the blockchain technology’s utility goes beyond cryptocurrencies, potentially offering creative ways to solve other real-world problems. Within blockchain ledgers, the use of ‘smart’ contracts essentially converts contractual obligations into lines of computer protocols, which facilitate, verify, or enforce its performance.
Mercury Marine Launches Repower Financing
Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers. The Mercury Repower Finance program is funded by Medallion Bank, a marine industry leader that specializes in accepting buyers with a wide range of credit histories. Program administration is handled by Brunswick Financial Services, a fully owned subsidiary of Brunswick Corporation, the worldwide marine manufacturing leader.
Moore Stephens Partner to Chair U.S. Superyacht Tax Panel
Ayuk Ntuiabane, partner at Moore Stephens Isle of Man, leading providers of multi-sector accountancy, consultancy and financial services, will chair a panel of international marine tax experts at the International Superyacht Society’s “YachtInfo” Seminars at the 54th Fort Lauderdale International Boat Show on November 1, 2013. Ayuk’s panel will specifically address tax issues surrounding superyacht chartering around the world, with particular emphasis on U.S. and Caribbean waters and an update on recent changes in European VAT.
