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
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