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Yacht Transportation Terms & Conditions

We would like to inform you about our terms & conditions during yacht transportation with Dockwise Yacht Transport. The most important clauses are listed below. A full version of our terms & conditions is available as pdf-document at the bottom of this page.

Liability

(1) The Carrier shall be liable for:

(a) any loss or damage to or sustained by the Vessel, including any other property operated, owned, hired or leased by the Carrier, howsoever caused and of whatever nature;

(b) Wreck removal of the Vessel and the expense of moving, lighting or buoying the Vessel;

(c) Any claims arising as a result of death or injury of any of the Carrier’s employees, servants, agents or subcontractors and their employees;

all of which shall be for the account of Carrier, without recourse to the Yacht Owner, its servants or agents or insurers.

The Carrier shall defend, indemnify and hold harmless the Yacht Owner from and against any and all claims, losses, costs, damages and expenses of every kind and nature arising from the foregoing.

(2) Throughout the duration of this Agreement, the Carrier shall procure and maintain adequate insurance, covering the risks the Carrier has assumed under this Agreement.

(3) The Yacht Owner shall be liable for:

(a) any loss or damage or delay, howsoever caused and of whatever nature, to or sustained by the Yacht (including damage to the Yacht’s interior), and including any property on board the Vessel, which is operated, owned, hired or leased by the Yacht Owner, its employees, servants, agents or subcontractors, regardless of whether such property is to be shipped or not and regardless of whether such damage was caused by the negligence of the Carrier, the Vessel, its servants/crewmembers, agents or subcontractors;

(b) wreck removal of the Yacht and the expense of moving, lighting or buoying the Yacht;

(c) any claims arising as a result of death or injury of the Yacht Owner, or any of the Yacht Owner’s employees, servants, agents or subcontractors and their employees;

(d) any consequential loss, costs and damages consequent upon loss, damage or delay (including delay resulting from delayed shipment) to the Yacht;

all of which shall be for the account of the Yacht Owner, without recourse to the Carrier or the Vessel, its servants or agents or insurers.

The Yacht Owner hereby waives any claim for consequential damages whatsoever and agrees to defend, indemnify and hold harmless the Carrier, the Vessel and any of their servants from and against any and all claims, losses, costs, damages including attorneys’ fees and expenses of every kind and nature arising from the foregoing.

(4) Throughout the duration of this Agreement, the Yacht Owners shall maintain adequate insurance, covering the risks the Yacht Owners has assumed under this Agreement, including but not limited to Marine Cargo Insurance and Marine Liability Insurance naming the Carrier, its employees, servants, agents and its subcontractors as additional assureds and waiving all rights of subrogation against them.


Remark: The yacht owner's liability for yacht transportation under the terms and conditions is covered by DYT's voyage insurance program. The yacht owner will benefit from this comprehensive coverage as co-insured under the policy based on the declared value of the yacht. To read more about our voyage insurance program, please click on the following link: voyage insurance


Total Yacht Transportation Price

(1) The Total transport price (stated in Box 10) consists of the freight, and Marine Cargo Insurance premium unless explicitly stated otherwise. The Marine Cargo Insurance shall remain in effect until delivery of the Yacht, subject to the terms and conditions on the insurance certificate.

Any dues, duties, taxes and charges which under any denomination may be levied on the Yacht shall be paid by the Yacht Owner. The Carrier shall pay all dues, duties, taxes and charges customarily levied on the Vessel.

The following payment terms may apply for the Total transport price to the Yacht Owner, depending on the chosen tariff (stated in Box 10):

(a) Value tariff structure:

a. One hundred (100) percent of the Total transport price is due and payable within a maximum of fifteen (15) days after the date of invoice and the signing of this Agreement;

b. A prepayment discount of ten (10) percent on the Total transport price is applicable when this Agreement is signed and invoiced at least four (4) months prior to the first date of the agreed loading window (see box 6);

c. If the payment is not received by the due date the Yacht Owner will no longer be eligible for the given prepayment discount;

(b) Flex tariff structure:

a. Twenty five (25) percent of the Total transport price is due and payable within a maximum of fifteen days after the date of invoice and the signing of this Agreement;

b. Seventy five (75) percent of the Total transport price is due and payable two (2) months prior to the loading.

Notwithstanding the above the ultimate due date for payment of the Total transport price is two (2) months prior to the first date of the agreed loading window (see Box 6).

(2) All payments will be without discount, non-refundable and deemed fully earned upon signing this Agreement whether or not the Vessel and/or Yacht lost or not lost. Payment of the Total transport price, whether whole or in part, shall constitute full acceptance of the terms and conditions of this Agreement. Should the Total transport price not have been received by Carrier within five (5) days after the ultimate due date, Carrier shall have the option to cancel the carriage without prejudice to the Yacht Owner’s obligation to pay all sums due hereunder. Carrier’s claim for any charges incurred under this Agreement shall be considered definitely payable in like manner the moment such charges have been incurred.

(3) The Total transport price stated in Box 10 is based on the length and beam overall of the Yacht provided to the Carrier by the Yacht Owner. If however the actual length and beam overall differs from the length and beam overall provided for by the Yacht Owner, the Total transport price shall be adjusted based on the rate for the actual length and beam overall of the Yacht. Any additional amount arising out of or in connection with the foregoing shall be deemed part of the Total transport price due and payable to the Carrier as set forth in Clause 12. The actual length and beam overall includes swim platform, davits and bowsprit.

(4) Carrier’s banking details for remittance are:

Bank of America N.A.
401 E Las Olas Blvd., Ft. Lauderdale, FL 33301, USA
SWIFT Code: BOFAUS3N
ABA #: 026009593 (for domestic wires)
Account #: 005564761136
Beneficiary: Dockwise Yacht Transport, LLC

(5) Interest at 12% per annum shall run from the date when the Total transport price and charges are due.

(6) The Yacht Owner shall be liable for all expenses caused by or incurred in extra handling or repairing of the Yacht due to excepted causes or for any reason for which the Carrier has no liability under this Agreement.

Termination

Notwithstanding anything else provided herein, the Yacht Owner shall have the right to terminate this Agreement prior to the Vessel’s arrival at the loading port as set.

The following cancellation terms apply:

(a) No credit will be paid to the Yacht Owner;
(b) If cancellation is received more than two (2) months prior to the loading, Carrier will make reasonable efforts to resell the terminated slot and in the event the slot is sold, the Total transport price paid by the Yacht Owner will be credited in accordance with the amount paid for the slot up to a maximum of seventy five (75) percent of the Total transport price paid by the Yacht Owner.