The biggest financial risk for women?

Their need for financial protection is high, yet half of all women aged 25-45 do not have any kind of protection insurance. International Women’s Day (March 8) celebrates the social, economic, cultural and political achievements of women. The day also marks a...

Charter in Spain of non EU & not VAT paid vessels

Question: I have a Cayman Island flagged vessel which is not VAT paid, can I charter here in Spain? Answer: since  10th  of October 2018 , yes you can! Then after the pressure of the yachting and nautical industry lobby the Spanish Customs & Excise Tax Authorities...

VAT in the superyacht charter industry

What is meant by ‘Use and enjoyment’ of a yacht? Whenever we read about VAT in the superyacht industry we see the phrase ‘use and enjoyment’, but what exactly does that mean? Since superyachts are movable assets, the EU allows member states to determine what...

Another lesson of sea law: territorial waters

Humanity has been serving and using the  the sea since ancient times and for different purposes, which have been varying in importance according to technological development and the needs of the specific different  periods of History. It was always a link to trade and...