Module 1 

An Introduction to the Boating Industry and Boat Brokerage

  • The boat and small craft industry
  • Boating safety
  • The purchase of a boat
  • The law and boats
  • Health and Safety
  • Customer relations and common courtesy
  • Brokerage companies and organisations

 

Module 2

Types of vessels and technical descriptions

  • Boat types and purpose
  • Construction and materials
  • Steel and aluminium
  • Internal systems
  • Electronic/Navigation equipment
  • Boat building
  • Technical standards
  • Tonnage measurement
  • Basic operational knowledge
  • Weather

 

Module 3

Registration, title, rules and regulations

  • Merchant shipping regulations and the
  • registration of title
  • Recreational Craft Directive
  • The MCA Unified Code
  • International law and the IMO
  • Merchant Shipping law and Load Line
  • regulations
  • UK exemptions

 

Module 4

Boat Brokers and the Law

  • Legal concepts
  • Sale of Goods
  • Annexes - BMF Standard Documents
  • Terms of Business
  • Listing Agreement
  • New Build Agreement
  • Sale and Purchase Agreements (conditional on
  • survey & unconditional)

 

Module 5

Business Management

  • Starting a boat brokerage business
  • Obtaining listings
  • Central Agency
  • Responsibilities of the Listing broker
  • Responsibilities of the Selling broker
  • Client funds, Trust and Escrow accounts
  • Ethics
  • Client relations
  • Sale and Purchase Agreements
  • Deposits
  • Acceptance
  • Closing
  • Relationship with boat yards and other members
  • of the industry
  • Dispute resolution

 

Module 6

Organising the survey and the role of the surveyor

  • The role of the surveyor in the sale process
  • The survey
  • Survey reporting
  • Defects
  • The effect of the survey report on the sale
  • Relationships between broker and surveyor

 

Module 7

Sea Trials

  • Preparation for the sea trial
  • Legal responsibilities
  • Function checks and records

 

Module 8

Valuation

  • What is value?
  • Aspects of value
  • Valuation methodology
  • Sources of information

 

Module 9

Insurance

  • An introduction to boat insurance
  • Insurance brokers
  • Underwriters
  • Insurance documentation
  • Policy wordings
  • The Marine Insurance Act
  • Insurance claims

 

Module 10

Finance

  • Sources of finance
  • Secured and unsecured loans
  • Title Registration and its influence on finance
  • Liens and encumbrances
  • Value Added Tax
  • Corporate ownership
  • Part ownership
  • The Financial Services Authority (FSA)
  • Sources of finance
  • Mortgagees interest insurance

Latest Education & Training news

14.07.10
Special offer
Read more

09.07.10
Sunseeker Supporting the Boat Retail and Brokergae Diploma
Read more

16.06.10
Boat Retail & Brokerage
Read more

16.03.10
Last chance to register for the Superyacht Operations Diploma
Read more