Nr. | Nume Firmă | Contact |
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1 | Str. Lt. Col. Dumitru Papazoglu 1 BUCURESTI, Loc. SECTORUL 3 | |
2 | Str. Independentei 53 Jud. MEHEDINTI, Loc. DROBETA TURNU SEVERIN | |
3 | Str. Pucheni 139-149 BUCURESTI, Loc. SECTORUL 5 | |
4 | Aleea Fizicienilor 23 BUCURESTI, Loc. SECTORUL 3 | |
5 | Str. Ciresului 25 BUCURESTI, Loc. SECTORUL 2 | |
6 | Str. Principala 78 Jud. MEHEDINTI, Loc. ZEGUJANI | |
7 | Str. Principala 294 Jud. DAMBOVITA, Loc. BILCIURESTI | |
8 | 1 Jud. MEHEDINTI, Loc. NEGOESTI |
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In yacht construction contracts, it is becoming increasingly common to include contractual clauses that serve to protect the yacht builder, both for possible delays and possible increases in production costs
by Federico Santini*
As everybody knows, the last three years have been characterized by important global events that have had and still have a very strong impact on the industry , so much so that there is now talk of a “recession” in most European countries and beyond. When the effects of the pandemic seemed to have stabilized, the war conflict broke out in Ukraine, with severe economic consequences as a result of the economic sanctions imposed by the United States and the European Union and of the counter-sanctions applied by Russia.
The pandemic and the most recent international crisis have undeniably affected the nautical industry . A first effect, evident to all operators and in some way surprising, was the huge increase in the demand from owners especially for second-hand yachts, but also for new constructions, which result in a true “boom” in sales of which we gave an account in a recent article a few months ago. A second effect, certainly less surprising, was the one that occurred in the new constructions sector and, above all, in the construction of custom yachts, where builders face, on the one hand, a high risk of delay in deliveries owing to various factors, in chronological order the restrictions due to Covid, the shortage of raw materials and components, and on the other hand an inevitable increase in production costs, due to the increase in the prices of raw materials and components, the increase in interest rates, the sudden increase in energy costs and the increase in inflation.
THE “FORCE MAJEURE” CLAUSE HAS SEEN ITS SCOPE FURTHER EXTENDED TO INCLUDE CASES SUCH AS DIFFICULTIES IN THE PROCUREMENT OF RAW MATERIALS, COMPONENTS AND EQUIPMENT AND DELAYS IN THEIR SUPPLY.
Inevitably, these factors all impact the contents of building contracts , especially for custom yachts as said, where shipyards understandably tend to protect themselves from liability against customers. The inclusion of contractual clauses that move precisely in the direction of protecting the shipyard concerning possible delays and possible increases in production costs is becoming increasingly common. On the one hand, the “force majeure” clause, which as a result of the pandemic had already undergone a dramatic expansion with the inclusion of the so-called “Covid clause”, has seen its scope further extended, by increasingly including cases such as the difficulty of procuring raw materials, components and equipment and, therefore, delays in the supply of the same, but also instances of delays by subcontractors in completing works and processes entrusted to them, as well as restrictions or bans due to measures of national and supranational governmental authorities.
Yacht construction contracts also include clauses related to subcontractors’ delays in completing the works and processes entrusted to them, as well as restrictions or bans due to measures of national and supranational government authorities.
On the other hand, builders are increasingly proposing the inclusion of a price revision clause in the contract based on inflation increases, the so-called “Inflation clause” under which the risk of the increase in the prices of components, materials and equipment and also of labour that occurs after the signing of the contract is to be borne by the customer. Such a clause means that the contract price is subject to even significant increases in a historical period in which the inflation rate is steadily increasing everywhere with increases every month between 1% and 4%. The risk is obviously greater in the case of manufacturers operating in countries with a higher inflation rate, such as Turkey where inflation has increased by 83.5% annually (data recorded in September 2022) and a further future increase is expected. In these cases, especially where the construction has a duration of several years, it is advisable to limit the effectiveness of the clause by setting some limits, for example, by providing a minimum and maximum threshold within which the owner is responsible for the increase in inflation.
Increasingly, shipyards propose the inclusion of a price revision clause in the contract in line with inflation increases, under which the customer bears the risk of price increases in components, materials and equipment as well as the labour occurring after the contract is signed.
It is also appropriate to provide that in the event of an increase in inflation beyond the maximum threshold agreed upon by the owner , the shipyard will be responsible or the contract will be terminated. Finally, it is worth emphasizing that price revision clauses are becoming increasingly popular in response to the sudden increase in energy costs, raw materials (especially steel and aluminium) and financial charges. In conclusion, yacht construction agreements are gradually evolving with the introduction of mechanisms for revising the contractual price during construction which, since they can lead to unexpected increases, must be carefully considered and managed during the contractual negotiations.
(Yacht building contracts – Barchemagazine.com – January 2023)
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We build dreams. With over 30 years of expertise, we craft custom aluminum explorer yachts of unparalleled quality, tailored for the most extreme destinations. Specialized in high-latitude expeditions.
Is your yacht in need of maintenance, repairs or a large refit? We’re happy to help you with it. We not only work on aluminium yachts but also on steel, polyester or even wooden yachts.
Designed by one of the world’s most legendary sailors as his private yacht. Brought to you by KM Yachtbuilders, the leading builder of aluminium expedition yachts up to 100ft.
We build aluminium yachts. Since 1998, KM Yachtbuilders has pioneered innovative and no-nonsense aluminum yacht construction, prioritizing safety and adventure. Starting out with three people and about as many yachts. A few decades later we are a team of 45 with more than 100 builds under our belt and our yachts are sailing the seven seas from pole to pole.
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A custom built yacht is a journey in itself. Every customer comes with their own set of demands that depend on the purpose of the boat. Decades of experience, teamwork and a profound love of our craft help us to always come up with solutions for the most challenging demands.
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Our team is always ready to assist our yacht owners with advice and assistance in the event of contingencies.
Designed by one of the world’s most legendary sailors as his private yacht. Brought to you by KM Yachtbuilders.
WE BUILD SMART YACHTS FOR SMART OWNERS
At Dynamiq, we believe in a smarter way to build yachts. We believe in intelligent buyers and next-generation yachts that are efficient, easy to order and effortless to customize. We believe in the latest technologies, logical innovations and unique collaborations. We believe in the winning, value for money formula of yachts that are engineered in the Netherlands, designed in Monaco and crafted in Turkey. So don’t think too hard. Live smart. Be Dynamiq.
The shipyard.
The construction of Dynamiq yachts is carried out in the Antalya Free Zone, Turkey, which is a government-protected area that benefits from a special tax regime lowering costs and hosts a cluster of high profile shipyards from both Turkey and the Netherlands. Dynamiq occupies the most modern and newest facility in the Free Zone, with 10,000 m 2 covered space and access to a 2,000 ton syncrolift for safe and easy launching. The sheds are well fitted out for building the full range of Dynamiq superyachts up to 65 meters in length. Various powertrain options are available including hybrid or diesel-electric technology.
The works are organized with international subcontractors from Germany, Austria and Italy, who team up with the best local craftsmen to achieve a level of quality in line with North European standards. Dynamiq has in-house interior, teak and stainless steel production to ensure that the end product finish is absolutely perfect and minimize the risks of delays. The shipyard working environment is carefully managed and strict quality control standards are maintained by both the Dynamiq team and external surveyors from Europe. Dynamiq organized dedicated modern office spaces to welcome owner's representatives and crew members.
The Dynamiq range is a product of leading European technology and craftsmanship. This unique international approach has created an innovative superyacht of the highest quality born from a collaboration of the world’s top superyacht design and construction experts.
Forward thinking design, innovative naval architecture, highest engineering standards, top-quality steel & aluminium construction, ocean-going range, smart pricing.
Dynamiq's unique exteriors look impressive and fresh and express the sporty, chic soul of our yachts. They not only look great, but also perform at the top of their class and lend owners a sense of exclusivity and pride.
Dynamiq’s high efficiency is based on innovative technologies in modern naval architecture: fast displacement hull lines, the Hull Vane under the stern, and Sleipner curved fin stabilizers. Completely drawn by leading naval architects in the Netherlands, all Dynamiq yachts feature a round-bilge shape for remarkably low resistance and low fuel consumption, while providing seaworthiness and comfort with long waterline length and low centre of gravity.
Each Dynamiq yacht is by definition safe, comfortable and environmentally friendly in accordance with the strictest RINA and BV Commercial Class standards, prestigious Comfort and Green Star Plus notations, Large Yacht Code 4 (LY4) compliancy and manning standards. This not only makes our vessels ultra-safe and almost silent, but also means they can be chartered to offset the cost of ownership.
Only certified marine-grade steel, aluminium and Sealium are used for Dynamiq hulls and superstructures. In comparison with composite hulls, they are much quieter, easier to repair and have higher trade-in value due to the fact that they have a very long service life.
Dynamiq yachts are designed with an ocean-going capability in mind, which means owners have the opportunity to enjoy multiple seasons during the year (say Mediterranean and Caribbean) and visit remote locations with no re-fueling infrastructure. Equipped with high-capacity marine fridges and freezers, cold garbage stores, separate laundry facilities, plenty of storage space, generous fresh water tanks and powerful water-makers, Dynamiq yachts provide autonomy at sea in complete comfort.
Combining Dutch engineering with production facilities in the one of the biggest Turkish shipbuilding hubs of Antalya Free Zone means Dynamiq can offer North European standards and quality craftsmanship at significantly reduced prices. Being pioneers in the superyacht industry, Dynamiq also has an Online Configurator where clients can customize their yachts in a few clicks and see in real time how the price and delivery times vary.
The global authority in superyachting
This latest Country Report from BOATPro offers an inside look into the world’s biggest shipbuilding nation, Italy, with exclusive insights on 66 per cent of the country’s current production. BOAT’s on-the-ground research director, Raphael Montigneaux , speaks to several of the nation’s top builders about the main issues facing the industry, such as a dwindling supply of new production space and new labourers, and also provides a behind-the-scenes report on some of their most exciting projects currently in development…
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Sailing and motor yachts, maintenance.
Performance boats is owned by Solaris Yachts, premium sail yachts yards since 1974. The Forlì facility was created in 2008 as a result of an agreement with Wally and has been recently upgraded to allow the complete, integrated construction of large composite custom sail yachts previously manufactured by Wally in Fano and Ancona.
Experienced.
The hi-performance boats team has 20 years experience and 30 Wally carbon composite large sail yachts delivered. Most of them are key senior Wally people from Engineering, Composite, Fitting and Systems and development Departments.
And financial.
Among the shareholders of Performance Boats there are important persons from the yachting and finance world, like Marc Giorgetti and Giuseppe Giuliani Ricci.
Of delivery.
So far all the orders have been delivered according to the agreed contract terms.
After-sales service.
Prompt and efficient after-sales service ready to support the client for any kind of issue everywhere in the world.
IMAGES
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Vizualizare completă a conexiunilor cu alte companii - activaţi secţiunea alegând un pachet de acces cu profil extins sau detaliat. Informaţii Yacht Building Projects Srl CIF 48551233 J40/13937/2023 Intr. Bolboci 7 Sectorul 5. Află date de contact, informaţii financiare, datorii la bugete, dosare in justiţie, activitate.
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DANESE YACHT BUILDING SRL . Costruzione di imbarcazioni da diporto e sportive . By Danese Group Cookies. Utilizziamo i cookie per consentire il corretto funzionamento e la sicurezza del nostro sito web e per offrirti la migliore esperienza utente possibile. Accetta solo i necessari Accetta tutti.
Desidero ricevere comunicazioni di marketing su prodotti, servizi ed eventi offerti da DANESE YACHT BUILDING SRL . Comprendo che queste comunicazioni potrebbero essere personalizzate in base ai miei interessi, preferenze e utilizzo di prodotti e servizi, inclusi inviti a fornire feedback sull'esperienza del cliente.
Yacht building contracts. In yacht construction contracts, it is becoming increasingly common to include contractual clauses that serve to protect the yacht builder, both for possible delays and possible increases in production costs. by Federico Santini*. As everybody knows, the last three years have been characterized by important global ...
KM Yachtbuilders. We build aluminium yachts. Since 1998, KM Yachtbuilders has pioneered innovative and no-nonsense aluminum yacht construction, prioritizing safety and adventure. Starting out with three people and about as many yachts. A few decades later we are a team of 45 with more than 100 builds under our belt and our yachts are sailing ...
Read more. Dynamiq is a smart superyacht builder meeting the needs of intelligent buyers for next-generation yachts: efficient, easy to order and effortless to customize. Our fast-displacement yachts are designed in Monaco and engineered in the Netherlands, ensuring exclusive contemporary styling and comfort, with long-range capabilities.
Andrei Rochian Boat Design has been providing exceptional naval architecture, boat and yacht design, management of engineering and design, and custom boat building services since 1997. We work with international boat production companies and discerning owners to create unique and high-quality boats and yachts.
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The company began by chartering sailboats. It later developed into a luxury yacht building industry. The first major work started with a contract at the shipyard of Amerglass, a Dutch shipyard producing boats in fiberglass.The company evolved again, adding the distribution of sailing boats, motorcruisers and finally motoryachts from different makers, including British Powles, Westerly, and others.
45 yearsof experience. Performance boats is owned by Solaris Yachts, premium sail yachts yards since 1974. The Forlì facility was created in 2008 as a result of an agreement with Wally and has been recently upgraded to allow the complete, integrated construction of large composite custom sail yachts previously manufactured by Wally in Fano and ...
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