
Module 1
An Introduction to the Boat Retail & Brokerage Industry
- Vessel safety
- Maritime and Coastguard Agency
- Recreational Craft Directive (RCD)
- The purchase of a vessel
- Listing the vessel
- Inspection
- Neogotiation and contract
- The law and vessels
- Merchant shipping legislation and yachts
- Registration
- Marine insurance
- The boat broker and civil law
- Health and safety for the boat broker
- Brokerage companies and organisations
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Module 2
Types of Vessels & Technical Descriptions
- Basics of design
- Definitions of the principal dimension
- The shape of hulls
- Types of vessels
- Sailing boats
- Sails and rigging
- Powerboats
- Inland waterways vessels
- Meterials and their construction
- Technical standards
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Module 3
Registration, Title Rules and Regulations
- The role and function of registration
- Registration and the certification of the registry
- Admiiralty law and jurisdiction
- International law
- Documentation
- national and international standards
- The Royal Yachting Association and Training Qualifications
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Module 4
Boat Brokers and the Law
- Legal concepts
- The law of contract
- The law of tort (negligence)
- Staff of goods
- Trade descriptions
- Business practice
- Value Added Tax (VAT)
- Recreational Craft Directive (RCD)
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Module 5
Business Management
- Starting a boat brokerage business
- Chosen Product
- Money
- Money and cashflow
- Sources of accounting advice
- Can you avoid putting your houose at risk
- Risks
- Advice
- Mechanics
- Getting offices and other business premises
- Obtaining listings, photography, advertising and publicity
- Go and see the vessel and crawl over it yourself
- Responsibilities of the different brokerages (listings and selling)
- Gettting the vessel on your books
- Marketing and selling
- The sale process
- Communications, ethics and client relations
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Module 6
The Yacht and Small Craft Surveyor in Practice
- The surveyor
- Organising and completing the survey
- Types of surveyors
- What makes a good surveyor?
- Types of surveys
- The role of the surveyor and the sale process
- The broker/surveyor relationship
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Module 7
Sea Trials
- The sea trial and the broker
- The purpose of the sea trial
- Engine tests
- Steering tests
- Other system trials
- Information recording and reporting
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Module 8
Valuation
- What is value?
- Valuations and the broker
- Aspects of value
- Valuation methodology
- Sources of information
- Depreciation as a method of determining value
- Yacht surveyors
- The valuation report
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Module 9
Insurance
- The legal side of marine insurance
- Background of the development of marine insurance
- A contract of the ytmost good faith
- A contract of indemnity
- Lloyds and the London market
- Lloyds brokers and the insurance brokers
- Physical loss of a damage to the property
- Primary and secondary risks
- Some common types of insurance
- The practical side of marine insurance
- The marine trades policy
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Module 10
Finance
- Sources of finance available to the broker and the decision criteria
- Title Registration and the influence on options for finance
- Liens and encumbrances
- Value Added Tax (VAT)
- Corporate ownership and the rationale
- Financial Services Authority (FSA)
- Client funds, trust, deposits and escrow accounts
- Miscellaneous finance topics
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