____________________________
____________________________
   Earn 3 CPYB Recertification Credits!
 

March 25, 2015

12:00-1:00 pm ET
CPYB Only
Bad Checks or Good Funds?

 

April 8, 2015

12:00-1:00 pm ET
YBAA/CPYB
Who is Liable?

April 22, 2015
12:00-1:00 pm ET
YBAA - Principals
____________________________
Member-to-Member
 

This is the place to include your news about recent sales, new hires, office expansion or other business updates and successes. And it's FREE!

 

Just send your news items by the 10th of the month along with any photos, to jthompson@ybaa.com
____________________________
  
____________________________
____________________________
 
____________________________
 CPYB Recertification Credit Opportunities 

Continuing education and professional development is essential for Yacht Sales Professionals to perform their job at the highest possible level. Certified Professional Yacht Brokers (CPYB) are required to earn a minimum of 30 credit hours of continuing education / professional development every 3 years.

See the upcoming events here. 

____________________________
See Your Ad Here!

YBAA News is sent to over 2,500 members and industry contacts. You can feature your company ad on a monthly, half yearly or annual basis. 

ACT NOW! Space is limited and it's an investment that can create many new opportunities in 2015.

 
____________________________
Members Business Benefits!
____________________________
____________________________
____________________________
____________________________

Ketch of the Month

Don Finkle, CPYB, RCR Yachts

 

Boating seems to be a part of Don Finkle's blood. Growing up in the small harbor village of Youngstown, NY he was surrounded by boats since a very young age and began sailing at nine years old. After graduating from college and serving a tour in Vietnam, Don came back to NY with the intention of studying at night for his Master's Degree and filling his days by working in the boat yard. In the fall of 1971, Don fell in love with every aspect of his employment: working on the boats, launching the boats, rigging the boats and selling the boats and decided to forego the Master's for a job in boating. Don is now the CEO of RCR Yachts, where he began his journey as a Yacht Sales Professional 43 years ago. 

 

Read full article here.

________________________________________

U.S. Brokerage Sales Improve in February

By John Burnham, YachtWorld editorial director

 

The U.S. brokerage market made a gain in February, with 1,652 boats sold, up almost 100 boats from January's slow start to the year, and a 3 percent increase over February 2014 volume. According to YachtWorld member brokerages reporting in SoldBoats.com, the total value of boats sold was $209 million, a 1 percent increase compared to the previous February.

 

Read the full article here.

________________________________________

YBAA & CPYB are Co-Hosts 

for 2015 ABC 

For the third year in a row, YBAA and CPYB are Co-Hosts for the American Boating Congress, May 11-13, 2015 in Washington DC. As Co-Hosts we are actively involved with the planning and implementation of this extremely important legislative event and we are committed to encouraging YBAA and CPYB members to participate. Last year, Lou Sandoval, YBAA Board Member and I attended the event as the sole representatives from YBAA and CPYB. This year YBAA President, Hal Slater; past YBAA board member, Lou Sandoval and I will be attending. We would love to see a much larger turnout of YBAA and CPYB members as it is important that we are visible as active participants at ABC.


Read the full article here.

________________________________________

Who is Liable?  

By Dawn Speros of Gowrie Group

 

With spring finally here, technically, both brokerage and new boat sales are set to take off!  2015 has been an incredibly harsh and snowy winter in New England.  When the shrink wrap comes off, many surprises will become uncovered. This can lead to some nightmare insurance claims - frozen water in the bilge, damage from ice and snow, gelcoat damage from shrink wrap chafe, improperly winterized motors, fractured tanks, nesting vermin - the list goes on.

 

Read the full article here. 

________________________________________

How Latent Are Your Defects?

By David M. Bohonnon, Bohonnon Law Firm

 

David Bohannon

Generally defined, a latent defect is one which could not be discovered using ordinary and reasonable care in inspection. It is a hidden or dormant defect in a product that cannot be discovered by observation or a reasonably careful inspection.  Typically a new vessel purchase agreement includes some form of manufacturer's warranty which otherwise might cover repair or replacement of defective conditions, equipment or latent defects.  In the unfortunate case that a latent defect manifests its presence after the expiration of a manufacturer's warranty and claims against the manufacturer for repair are unsuccessful, we turn our attention as to what role an "All Risk Marine Insurance Policy" may play for coverage and remedy to cure a latent defect.


 
Read full article here.  

________________________________________
Boat Donation to CBMM: Another Tool for YBAA Members

The internationally recognized Chesapeake Bay Maritime Museum in St. Michaels, Md. is a 501(c)(3) non-profit organization that was established in 1965. Now celebrating its 50th year, CBMM is dedicated to preserving and exploring the history, environment, and people of the Chesapeake Bay, while providing meaningful and accessible experiences to everyone who cares about its mission. The Museum is located on 18 waterfront acres along the Miles River in St. Michaels, Maryland, and occupies 35 buildings, 12 of which house maritime exhibitions open to the public. The Museum offers its members docking privileges as well, with more than 25 slips along St. Michaels' harbor. 


 

Read full article here.

________________________________________

BoatUS: Lightning Facts 

Analysis of Decade of Lightning Strike Insurance Claims and What It Means 


The odds of getting struck by lightning are about one in a million. But if you own a boat, the odds of it being struck by lightning are significantly higher - about one in a thousand. However, not all boats are created equal when it comes to lightning. A just-released analysis of 10 years of insurance claims by Boat Owners Association of The United States (BoatUS) shows that certain boats are significantly more at risk than others. But which ones? And, what can you do if you're caught on open water? BoatUS has some answers

 

Read full article here.

________________________________________
Member to Member News

Allen Harbor Marine Service is pleased to announce the promotion of John Bernier to the position of Service Manager. John has been with the company since June after owning and operating his own marine service business for the previous five years.

Northrop & Johnson opens a new office in New York City. Located off Fifth Avenue, Northrop & Johnson's new office will cater to high net worth individuals in NYC, as well as the greater New York area.  
________________________________________

YBAA & CPYB on Like us on Facebook& Follow us on Twitter 

To follow our Facebook pages and Tweets, go to our pages noted below. If you don't yet have a Facebook or Twitter account you can set them up by clicking here for facebook and here for twitter

Like us on FacebookYBAA       Follow us on TwitterYBAA      
Like us on FacebookCPYB       Follow us on TwitterCPYB