ABYA - Association of Brokers, Yacht Agents
ABYA is a professional association for yacht brokers, dealers and agents, with over 150 members in the UK and abroad. Members sell new and second-hand boats from day boats to superyachts, and are all experienced professionals.
Many ABYA members have attended the intensive, industry-leading ABYA Practical Yacht Brokerage course, and all are required to keep their skills and knowledge up to date with Continuous Professional Development (CPD). For the security of both buyer and seller, ABYA members are required to set up a client account with their bank that holds client monies in trust and does not form part of the broker's own accounts. ABYA provides standard documents for the sale/purchase and listing of boats while all ABYA members hold Professional Indemnity and Public Liability Insurance. ABYA members work to the ABYA Code of Practice and ABYA operates a Customs Warehousing Scheme allowing brokers to offer ex-VAT boats for sale in the UK.
ABYA Members are industry professionals and will provide advice and assistance with the following: The type of boat that is best for you, negotiation following the survey findings, title documentation, VAT evidence, RCD requirements, finance - obtaining a loan, finance - paying off an outstanding loan on completion of the sale, acting as stakeholder for the deposit using a designated Client Account, closure or transfer of British Registration (Part 1) as well as completion of the sale and payment of the balance to the vendor.
