Repossessed Motor Yachts
Banking in Johannesburg

The buyer is required to be send a 10% depositto our client account or an inderpendant Escrow agency thats aproved by us.
Repossessed Motor Yachts operates globally, representing various European and American banks and other financial institutions.

With 35 years experience in the yacht business, we are well placed to deal with the most discerning of buyers and sellers. Guidance and recommendation to would-be buyers on suitable crafts. Call us for advice on your level of purchase and bidding submission process. The following process applies to buying a repossessed yacht through Repossessed Motor Yachts. If accepted, a contract is drawn up with an addendum that includes a fiscal compliance questionnaire. The surveyor will inspect the hull and drives and if acceptable, the boat will be anti-fouled (at the cost of the buyer). This allows the boat to reach maximum speed during a sea trial. All anodes are replaced (all yard charges and yard services performed on the boat must be paid by the buyer with payment confirmation before the boat is craned back into the water). A recommended 2-hour sea trial should be arranged with the surveyor (at the cost of the buyer) to include representatives of the engine manufacturer. We use the Mediterranean yacht broker’s memorandum of agreement exclusively as a working tool. All deposits will be lodged in our client account at Investec Bank, St Peter Port, Gurnesey CI UK We would entertain the use of an independent Escrow agent. The buyer is responsible for the instruction and payment of a qualified surveyor to inspect the yacht in question. Reposessedmotoryachts.com was established after being approached by a number of different banks in Europe and America, and is headed by Peter Brown. Peter has many years experience in all aspects of the marine industry working for a number of prominent distributers before establishing Progress Marine in Marina Baie Des Anges on the French Riviera. Repossessed Motor Yachts brokers yachts to individuals as well as specializing in bulk multi unit wholesale packages to dealers through out the world. Peter is constantly travelling the world seeking out the best deals to offer clients.