This analysis of the MYBA Sales Contract relates to the MYBA Memorandum of Agreement, a standard form published by the Mediterranean Yacht Brokers Association.
Overview of the MYBA MOA
The MYBA (Mediterranean Yacht Brokers Association) Memorandum of Agreement (MOA) is the industry-standard contract for the purchase and sale of large yachts. It is designed to balance the interests of buyer and seller, but imposes specific duties relating to survey, sea trials, and acceptance that the surveyor must navigate carefully. Although the surveyor is not a party to the contract, their findings often trigger significant contractual consequences, including acceptance, rejection, renegotiation, or cancellation. Continue reading “Large Yacht & Superyachts: Analysis of the MYBA Sales Contract and Pitfalls”
In recent years, IIMS has published a number of articles about the growing problem of what to do with end-of-life boats and the challenges of recycling them. It remains a thorny subject and will be discussed in this edition of what caught my eye: February 2025.