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NEWS

STUART SELLS TURQUOISE YACHTS 75m PROJECT Project NB69
August 2020

STUART SELLS TURQUOISE YACHTS 75m PROJECT Project NB69 Scheduled for delivery November 2021

Stuart is pleased to announce the sale of new 75-metre Turquoise Yachts Project NB69 confirming the ongoing enthusiasm for yachting which has continued throughout the global health crisis.  
 
A sister ship of NB66, NB69 has a steel hull and aluminum superstructure and is designed by A.Vallicelli & C. Yacht Design with naval architecture by Turquoise and interior design by the Dutch designer Sinot.
 
In mid-July, NB69 was transferred from the Kocaeli facility to the Pendik shipyard for completion of interior installation and outfitting including the top paint coat. She is on schedule for sea trials in 14 months and delivery is contracted for November 2021.
 
Spanning 6 six decks, of which two are dedicated to technical and crew areas, the originality of NB69’s style plays on harmonious contrasts between soft and rigid elements. The styling of the superstructure and the hull is a combination of simple, sleek lines and a powerful, dynamic look. “A tight line starting in the bow area, that then, at the center of the boat, becomes a curved concave line that gently slopes down towards the aft section. With a profile reminiscent of sporty sailing, the low angle of the transom slope and the long forward overhang, make this 75m yacht appear long, slender, and elegant in support of her generous interior volume”.
 
At more than 1700 GT and with a 14.2m beam, NB69 can reach 17knots, powered by Caterpillar 3516C engines. Equipped with Naiad zero speed stabilizers, she is built to Lloyd’s class.
 
Sinot, known for their owner-centered custom designs, has devised some highly creative solutions for the interior including a spectacular pool lounge and spa treatment room.
 
In addition to a 4m pool on the main deck, the yacht features an unusually large “generation three” full-beam beach club which opens on three sides, with the port and starboard shell doors converting into extended platforms on the sea.
Guest accommodation includes the Owner’s suite on a private deck and 5 guest cabins plus a VIP cabin on the main deck. NB69 carries up to 22 crew in 10 double cabins in addition to the captain’s quarters.
 
A touch-and-go helicopter pad is located forward on the upper deck and the large tender garages house a 10m limousine tender as well as the 8.5m multi-purpose guest tender, a 5.5m rescue/crew tender and several wave runners along with Nitrox diving capability.

For more information contact Stuart at +1 954 328 6553 or Stuart.Larsen@fraseryachts.com . 
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45m (147’) AWATEA SOLD
August 2020

45m (147’) AWATEA SOLDStuarts fifth sale of 2020

Stuart is pleased to announce the sale of Awatea, the 45-metre ocean-going motor yacht delivered by Hakvoort in 2008. Stuart acted for the buyer. Correctly priced and in excellent condition, Awatea (former My Trust) had not reached the market, but was based in Antibes. Awatea is Stuart’s fifth sale in 2020, confirming strong demand and resilient pricing notwithstanding the current travel restrictions.

With a steel hull and aluminum superstructure, Awatea was designed by Cor de Rover with naval architecture by Diana Yacht Design while Felix Buytendijk was responsible for the interior design.
In 2018, the new owner redecorated the interior, lightening the palette without altering the layout. The current interior is modern classic featuring mahogany panels, superbly bevelled raised panel joinery and classic white painted surfaces and beamed deck heads. The prevailing color scheme includes tones of blue, aqua and white.

Built to Lloyds and MCA, Awatea was the first yacht to be built for chartering under the Dutch government rules for Commercial Cruising Vessels (CCV) and has the perfect length and layout for worldwide family cruising.
Larger than normal for a 45m, her layout makes the most of her 499 GT. All five staterooms are really spacious with en-suite bathrooms and the full-beam master suite, accessed via a private study, has 2.30m headroom.  She sleeps 10 guests with the master suite on deck and accommodates nine crew. A tender garage for a 7.6m tender and all her water toys keeps her decks clear for owner and guest relaxation.

Awatea is equipped with an ultra-modern stabilization system and cruises comfortably at 11.3 knots with max speed of 13 knots. Powered by twin 3508 Caterpillar engines she has a range of 4,600 nautical miles at her cruising speed.

 
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BLUE TOO SOLD
July 2020

BLUE TOO SOLD 34m performance ketch built by Alloy Yachts

SStuart is pleased to announce the sale of the sailing yacht Blue Too, his fourth sale in 2020. Notwithstanding the unprecedented global health crisis, interest in yachting remains steady, including interest from younger, first time buyers and also due to low interest rates and a relatively stable stock market.

BLUE TOO is a superb world cruiser designed by Ron Holland globally known for his successful maxi-racers and large, performance-oriented cruising yachts. Built in 1998 by Alloy Yachts in New Zealand she has been maintained in mint condition with two full refits in 2008 and 2016. A Patton survey completed in 2019 concluded that "BLUE TOO is a well-built yacht designed for world cruising. She has been proven over her lifetime with many Transocean passages, both Atlantic and Pacific. The vessel has been maintained very well by her present owner and crew with several major refits and up-graded equipment. She is in first class cruising condition”.

BLUE TOO includes state-of-the-art equipment like in-furling booms, bow and stern thrusters and a hydraulic transom with a fold-down stairway to the bathing platform. With a total sail area of 6,675 sq ft (620 sq m) last season she won the St Barths Bucket in her class with three first place finishes and the largest cumulative margin ever recorded in the Bucket's history.

Her performance under sail is only matched by the superb quality of the Redman Whiteley Dixon interior and layout. A very interesting feature is her two-cockpit design.  The spacious central cockpit offers superb seating, sailing comfort and room for al fresco dining while there is a private owner’s cockpit aft with direct access from the master stateroom.
BLUE TOO can accommodate six guests and all staterooms have entertainment centers and en-suite bathroom facilities, while a further two cabins sleep five crew.
BLUE TOO was asking USD 4,900,000.


Photography courtesy of Cory Silken and Michael Kurtz - Pantaenius
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MAG III SOLD
July 2020

MAG III SOLDAn exceptional Benetti Vision

Stuart is pleased to announce the sale of MAG III, his third sale in 2020 after the 74m Odyssey and the 41m Dreamer.
Without doubt the 45m MAG III was the best-in-class Benetti Vision on the market.  MAG III was delivered in 2009 as Hull # 11 of 19 and is equipped with Zero-speed stabilizers and an elevator from the lower to the upper decks. Built to ABS class by a project manager who had 16 Benetti build projects to his name, she has transatlantic range and, although only used privately, MAG III is MCA compliant and her 10-year class survey was completed at the end of 2019. She was also US duty paid.

In pristine condition, MAG III punches well above her weight. Her elegant interior is beautifully decorated by Bannenberg and Rowell who optimized her functional layout showcasing the impressive airy interior spaces and the large sun deck, with a hot tub and al fresco dining, to their best.
The swim platform is accessed from the main deck aft. The tender garage doors fold down creating a large area on the water and when the toys are out of the garage the area becomes a beach club.

MAG III accommodates 12 guests in five staterooms. The full beam master stateroom on the main deck is very spacious with a private study, an unusual 270-degree panoramic view from the stateroom, his and her baths, generous closets and storage space. The stateroom opens onto a private veranda forward.
At USD 10,750,000 MAG III was more competitively priced than other Visions on the market which did not offer the same amenities, technical standard and levels of maintenance.
 

 
 
 
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SEA FOREVER – EN-ROUTE TO THE US
July 2020

SEA FOREVER – EN-ROUTE TO THE USScheduled to arrive at the end of July

Sea Forever is returning to the US and scheduled to reach Savannah (Georgia) at the end of July.  She has cruised from Tahiti under her own steam, just one more chapter in her world-class track record.
Built by the Vancouver-based ABD Aluminum Yachts, one of the best regarded aluminum yacht builders in North America, SEA FOREVER (ex. Polar Bear) was designed to cruise in remote locations where the need for room, range, storage and efficiency is paramount. In fact, Sea Forever has more usable volume than any other 93' yacht on the water. In addition, she has a 7.2m beam and an imposing bow rising one-and-a-half decks above the water. The bow improves fuel efficiency and reduces pitching. On delivery, Ed Fry commented that “She’s built to survive 20-foot waves without shipping water.”
 
Launched in 2007, for the next ten years Sea Forever only cruised in the Pacific Northwest and Alaska during summer months. The current owners purchased her in 2017 and stepped up the game. In 2018 she navigated the Sea of Cortez to northern Panama before returning to San Diego for an extensive yard period at Marine Group Boat Works. The last 18 months have been spent cruising through the South Pacific with stops in Perlas Islands, Panama; Galapagos; Marquesas, Society Islands and Tuamotus in French Polynesia.
Sea Forever has a proven track record in good and bad weather and is economical and efficient to operate. She has also been rigorously maintained and shows like new.
 
The interior by David Boudreau is in unstained maple with light fabrics. The overall effect is subtle and airy enhanced by the large windows on all levels ensuring Sea Forever feels larger than her 216 GT.
She can accommodate 8 guests in three staterooms on the Main deck plus the Master suite on the Bridge deck. The master is completely private with large windows on port and starboard and a sizeable personal aft deck.
Sea Forever carries two good size tenders and has an extended beach club with a large lazarette kitted out to store scuba gear.
 
Sea Forever is asking $6,500,000 and will be viewable by appointment on arrival. Please note Sea Forever is not for sale to US Residents in US Waters. For more information contact Stuart at +1 954 328 6553 or
Stuart.Larsen@fraseryachts.com and check out  http://stuartlarsen.com/en/yacht-detail/02-yacht-for-sale/352-sea-forever.cfm .
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NEW CENTRAL LISTING: M/Y SKAT
June 2020

NEW CENTRAL LISTING: M/Y SKATThe iconic helicopter capable motor yacht by Lurssen

Stuart is delighted to announce the central listing of SKAT, the 71m I 233’ delivered by Lurssen Werft Bremen in 2002.
SKAT was and remains one of the most remarkable yachts afloat.  And not only for her radical design by Espen Øino: her engineering, construction and systems are as forward thinking and detailed as her styling. Her maintenance program is second to none, managed by her captain who has been onboard since delivery.

Stark and imposing with beautifully clean lines, when she was launched SKAT broke with yacht design conventions. Not being a slave to trends or fashion, she remains as cutting edge today as when she was built. 
The minimalist interior with ultra-clean lines was designed by Marco Zanini to match the exterior and maximize the use of space. Zanini worked with few materials and colors but achieved an elegant richness. The construction brief called for as much light as possible which is the reason for the glass conservatory on the bridge deck which allows natural light to come in from above and below, also affording magnificent views.
SKAT was built for comfort and performance. To ensure quiet operations, even by the strictest standards, machinery is mounted on double-resilient mounts while floors and ceilings throughout are soft-mounted. Optimization of the bulbous bow design produced a 15% fuel savings. Similar optimization of the rudders and stabilizers produced an additional 9% saving.

Skat can accommodate up to 12 guests in 6 staterooms plus 2 more in a child’s cabin and carries up to 20 crew. She has only been used privately.
Offered for sale by her original owner, SKAT is asking Euro 56.500.000. Please note that SKAT is not available for sale to US residents while in US waters.
Contact Stuart for bmore information at +1 954 328 6553 or 
stuart.larsen@fraseryachts.com or view at http://stuartlarsen.com/en/yacht-detail/02-yacht-for-sale/370-skat.cfm .
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USD 1,05m price reduction on BLUE TOO
May 2020

USD 1,05m price reduction on BLUE TOONow asking $ 4,900,000

Following a USD 1,050,000m price reduction, BLUE TOO offers outstanding performance and pedigree at a highly competitive price.
Built in 1998 by Alloy Yachts in New Zealand she has been maintained in mint condition with two full refits in 2008 and 2016. She has a proven track record in blue water cruising, transoceanic passages and competitive sailing. In 2019 she was the most impressive and consistent performer in the St. Bart’s Bucket winning her class with three first place finishes. 

Built to a Ron Holland design the 34m I 112’ luxury performance ketch is traditional but includes state-of-the-art equipment like in-furling booms, bow and stern thrusters and a hydraulic transom with a fold-down stairway to the bathing platform.

Her performance under sail is only matched by the superb quality of the Redman Whiteley Dixon interior and layout. A very interesting feature is her two-cockpit design.  The spacious central cockpit offers superb seating, sailing comfort and room for al fresco dining while there is a private owner’s cockpit aft with direct access from the master stateroom. She also boasts a full-beam lower saloon with formal dining and a lounging and entertainment area. BLUE TOO can accommodate six guests and all staterooms have entertainment centres and en-suite bathroom facilities, while a further two cabins sleep five crew.
Powered by an MTU diesel engine, she has a maximum cruising range of 3,750 nautical miles at 10 knots and top speed of 12.5 knots.

Blue Too is now asking USD 4,900,000 and is based in Palma, Spain. Contact Stuart for more information at +1 954 328 6553 or  
stuart.larsen@fraseryachts.com.  Please note that BLUE TOO is not available for sale to US residents while in US waters.
 
 
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NEW CENTRAL LISTING – M/Y LUMINOSITY
April 2020

NEW CENTRAL LISTING – M/Y LUMINOSITYThe 107m I 353’ full displacement yacht by Benetti

Stuart is pleased to announce the Joint Central Listing for the 107m I 353ft full displacement yacht LUMINOSITY, the third of the 100m+ yachts built by Benetti in Livorno and ready to be delivered.

Beyond doubt, LUMINOSTY is the most ground-breaking of the three. Incorporating more hi tech than most other yachts, she shatters common conceptions of what a tech yacht looks like. The opposite of sterile and impersonal, technology adds a virtual dimension which enhances the overall experience.Structural elements offset decorative features creating a joyously brilliant interior on a grand scale. You can wander through a virtual forest or watch e-flowers open and close as they detect movement. The imposing volume and scale of the interior. 3m headroom in the main salon and 800m2 of glass in the superstructure windows ensure that alongside technology, light is an essential design feature.

The powerfully minimalistic décor is complemented by subtle tributes to 20th Century art, enhanced by an eclectic selection of beautiful materials. Innovative design is matched by cutting-edge eco-friendly engineering.
Built to PYC with diesel-electric power, Azipod propulsion and advanced high-tech battery technology, she can cover a staggering 8,000nm range at 10knots.  Equipped with a commercial helideck and a helicopter firefighting and refueling system, she also has Rolls Royce retractable zero speed stabilizers and dynamic positioning.

LUMINOSITY is all about innovation. In response to increased public awareness, Benetti has vested time and resources into green solutions. The engine room is an impressive example of efficiency and state-of-the-art engineering. Extremely low levels of noise and vibration are further dampened when the 3 megawatt/h Lithium Polymer battery bank kicks in. It provides power for 12 silent hours at anchor with zero emissions and no generators. The Power Management System ensures maximum performance with minimum use of energy. Waste management and water collection and recovery systems ensure yacht operations are eco-friendly and cost effective.
LUMINOSITY accommodates 27 guests in 12 staterooms including the Master Suite on the Owner’s deck which also features a large study, dressing, bathroom and massage area.

Luminosity also features the latest generation Beach Club, open on three sides and incorporating a 30m2 indoor pool, ice cold plunge pool, a gym, a spa with Hamman and a bar, lounging and dining areas. During the day the Beach Club is a wonderfully equipped sports center while at night it converts into a cinema or night club. The pool’s floor can be raised to double as a dance floor achieving the perfect balance between form and function. Truly exciting, Luminosity is available immediately.
The asking price is 225,000,000 Euro. For more information view 
http://stuartlarsen.com/en/yacht-detail/02-yacht-for-sale/364-luminosity.cfm or contact contact Stuart at +1 954 328 6553 or Stuart.Larsen@fraseryachts.com
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Broward Marine and the Denison Family
April 2020

Broward Marine and the Denison Family And the story of Lady Columbo


This year, History Fort Lauderdale’s annual fundraiser, History Makers, honors the MARINE INDUSTRIES ASSOCIATION OF SOUTH FLORIDA and special pioneers in boatbuilding FRANK AND GERTRUDE DENISON, recognizing their contribution in establishing our region as the yachting capital of the world.

Stuart was invited to contribute from a broker’s perspective having had a “first hand, front row seats to building with us as well as the time period that all of this occurred, you were able to see FROM YOUR PERSPECTIVE, the influence that this relatively small boat yard/builder impacted others across this industry”.

It was 1984. I had been a yacht broker for 4 years. It was a fledging industry back then. The largest yachts were about 100 feet. I might have sold a couple of yachts in the 50’ region! Too long ago to remember……. But there was an economic boom, of sorts, unlike what we have seen recently, but nevertheless the yachting business was about to “take flight”.
 
I had met a client a few years before with a 65’ Hatteras that wowed me as to its sheer size. The client wowed me as well. So knowledgeable, so educated, so mechanically inclined and so astute business-wise. He wanted a “bigger yacht”. There simply weren’t any to buy. The dollar was really strong against European currencies.

The good European shipyards (all two of them) were on a roll with American buyers. So, the client, his wife and I went together to visit Feadship in Holland and Abeking and Rasmussen in Germany. We had plans drawn for a “massive” new 120’ yacht.
In the summer of 1984, we met on his Hatteras in Newport, RI to discuss the way forward with a new 120’ Abeking. I was in seventh heaven. What a deal for a 25 year-old kid.  It had to be too good to be true. It was. The next week, as we were about to sign for the new yacht the dollar crashed and the price increased 25%. OUCH.

Being shell shocked, I didn’t quite know how to move forward. And then I had what could have been the most brilliant idea of my now 40-year career in the yacht brokerage business. I picked up the phone (we didn’t have cell phones then) and called Ken Denison. I didn’t know Ken then but had heard whispers that Broward Marine had a possible default on a “big” yacht. Ken confirmed it might be available but he needed to check with his parents. Frank Denison called me, said there were a number of interested people and I had better hurry.

My ever- trusting client came that afternoon in his little Cessna jet, looked at what was to be his new yacht and we made a handshake deal on the spot. You could do that with the Denison’s. The client loved the idea of building in America, I loved the idea of building a yacht two miles from my office and home and so then and there, LADY COLUMBO was born.

She was the largest aluminum yacht to be built in the USA, and I felt so proud to be a part of it. The 9 months it took to finish her were not easy but the Denison family, and especially Ken and I forged a trusting relationship that Ken and I enjoy 35 years later. Mike Busacca was in charge of the detailed carpentry in LADY COLUMBO; Mike and I work together still, in very different roles, but Broward Marine and the LADY COLUMBO put us all on the map. Most importantly, it was such a successful project for the clients they later moved on to bigger yachts, buying and cruising the world on a 125’ Feadship (he finally got his Feadship) and then building a 184’ Feadship and then to cruising the world on a 160’ sailing yacht that they twice rounded Cape Horn on, and still own today.
 
This is my story but there are countless others that must attribute their success to that little Ft Lauderdale shipyard that launched the yachting business in America for so many lucky people.
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WHAT IS FORCE MAJEURE AND HOW DOES IT AFFECT A SALES AGREEMENT
March 2020

WHAT IS FORCE MAJEURE AND HOW DOES IT AFFECT A SALES AGREEMENT Guidance from Robert Allen Law

During this time of uncertainty, the lawyers at Robert Allen Law are on-call to advise you on what you need to know now regarding all of your yacht-related legal questions. To that end, we have prepared guidance on how the industry’s standard contracts – for charters, purchases and sales – deal with unforeseen circumstances such as the Coronavirus.

Prior to the Coronavirus pandemic, many brokers, dealers, manufacturers, buyers, sellers, owners and charterers had transactions well underway and many are now uncertain as to what will happen to those deals as important dates inch closer and government restrictions grow more severe. Your contract’s force majeure clause is the key provision to understanding how risk is allocated due to a delay or cancellation caused by the Coronavirus.

What is Force Majeure?
Force majeure is a Latin term used within the law that means an unforeseeable circumstance that prevents a party from fulfilling their obligations under a contract. Not all force majeure clauses are created equally, however, and the effect of such a clause is entirely dependent on the language used in your particular agreement. Some force majeure clauses may allow for a temporary suspension of performance, while others may allow for immediate termination of the agreement, or both. It is important that you carefully read the force majeure clause in your contract to determine your rights and responsibilities under the agreement.

When reviewing any force majeure clause, it is important to note that not every clause will cover events such as the Coronavirus. This may be due to the approach that some drafters take or if the agreement was not reviewed by a capable attorney before execution. Although the words “Coronavirus” will almost certainly not appear in your agreement as a defined force majeure event, there should be language broad enough to encompass health pandemics...


Follow the link for more information 
https://www.robertallenlaw.com/force-majeure-and-purchase-and-sale-agreements/
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© STUART LARSEN 2020 & Administration identification GEMEA Interactive