Direct Berth FAQ
- Why Instruct Direct Berth to help sell, buy or rent an berth?
Direct Berth International Brokerage division is solely dedicated to the sale, rent and purchase of marina berths. By specializing in this niche market only, our knowledge and experience has led us to become a leading berth broker regardless of destinations. From small yachts to luxury superyachts, we deal with the best destinations of choice for the discerning yacht owner.
- What can superyacht owners and customers expect from Direct Berth in terms of service?
Berth search request (long stays), berth overnight reservations support services (short stays). We also support owners that have chosen to rent out or sell your their berth; we utilize our database to contact clients interested in a berths that match. If the owner is considering buying, selling or renting a marina berth or moorings we will also provide complete support. We will organize transport for the yacht to new destinations, finding the best rates while choosing from amongst the leading yacht transport companies. In addition we help with all the procedures related to berth purchase, transfer as well as the financial and legal process.
- What do you recommend for yacht owners looking for a berth as a first thing to do?
Once we have received a berth search request from a client we would discuss his cruising behavior and what he liked about any previous marinas he has been to or experienced. Sometimes yacht owners seek a life-style marina, e.g. Port Adriano, Mallorca or Marina Ibiza, or a standard marina to basically use only to ‘park’ their yacht; as they may not use or require the various usual port facilities like restaurants, bars, shops or yacht services. We would ask if they use their yacht as a second home and how important is the ‘backyard'(city, country site). We ask about their budget as the annual fee can differ from marina to marina; for example a 20-metre berth can cost anywhere between about €15.000 per annum to € 80.000 per annum. Once they have chosen the marina, we make sure to check the exact location of the berth, the wind direction, beam, parking distance and the contractual terms.
In case of purchase it depends if the clients is buying a share of the marina or a right to moor the yacht. Is the berth number a registered property through notary or can the yacht can be moved anywhere else in port; is there a club membership fee to be paid, what are the marina maintenance fees on top of the purchase, check for any port taxes and government taxes. Does the yacht owner receive a renting fee when his berth has been rented out in the boat’s absence?
In case of rental most of the above applies, and in addition, in case of a private berth owner, it is important to make sure that the port is aware and will allow your yacht to moor in this berth.
- What are the most sought-after destinations in the world when it comes to berth rental and sales?
In the Mediterranean we have Spain (The Balearic Islands), West Coast of Italy, from Rome right up to Monaco, the French Riviera. There is also Montenegro with its Porto Montenegro, a new destination for luxury yachts and yacht charter vacations. Asia and Pacific is becoming more and more popular, including Thailand and Singapore. It is still a reasonably small market, but growing fast. Dubai, Abu Dhabi and Qatar are popular in combination with homes. In the USA we have Florida and gateway to the Caribbean. Clients here are mostly interested in berth rental, instead of purchase and almost exclusively during European winters.
- Which marinas are amongst the most exclusive?
Our favorite list in the Mediterranean includes Port Adriano, designed by Philippe Starck in Mallorca, Marina Ibiza in Ibiza, Porto Cervo in Italy, Baia Scarlino in Tuscany, Italy, Marina Vela – a new super yacht port in Barcelona, and Porto Montenegro in Montenegro.
- With the European charter season in full swing, it might be hard to find available berth for super yachts at the Mediterranean marinas at this stage. Is this correct or is it still possible to find some prime berths around? Or is it better to reserve your berth well in advance of the season?
For charter yachts above 30 metre it is best to book well in advance especially at the hot spots like Ibiza, Mallorca or Southern France. There is a steady increase in superyacht sales/purchase year after year (about 25% increase). However berths at the marinas are not increasing with the same rate. With the current restrictions on marina capacities in the Med, we can see a logjam on the horizon. We can expect and can already experience increased congestion – ‘nice boat no berth’ situations, with the Western Mediterranean being still the most popular cruising ground for superyacht charters and yachting.
60% of all superyachts are based in Med and the prices for berths are surging to new heights across the entire Mediterranean. There is a high demand for berth with less space available. We believe the problem will continue to increase fast; mainly 40-75 metre berths will become an issue as only about 160 berths are available in today's crowded market.
- What is included and what is extra?
Client using our service will receive the budget for the berth separately from the handling fee. Our handling fee is a TBD % of transaction value.
Handling fee includes: all handling that is required from start to finish of a transaction incl. Travel& expenses for site visit and inspection with client. Any other required trips can be discussed and charged accordingly.
Handling fee excludes: All berth related cost, specialist support cost e.g. lawyer’s, notary , shipping cost and related custom formalities, insurances.
- What will happen at the end of a marina concession