Do you understand the vital role that classification societies have in securing safety in the construction of private yachts? If you’re an owner, chances are that you don’t. Even with smart advisors around you, it’s crucial that you educate yourself. You risk making expensive mistakes by opting out of recommendations from classification societies on superyachts.
This episode of the Yacht Law Podcast unveils the integral functions of classification societies on superyachts. Join us, as we put the spotlight on esteemed bodies including the American Bureau of Shipping (ABS), Registro Italiano Navale (RINA), Lloyd’s Register, and Bureau Veritas. We also shed light on how a society’s reputation can either bolster or tarnish its industry standing. Furthermore, we reveal why the top classification societies are held in such high esteem.
The conversation takes an intriguing turn as we examine why superyacht owners have bypassed building to class and the repercussions. We probe the part surveyors play in guaranteeing owners get the vessel they pay for, too. Moreover, we delve into the chilling account of the OceanGate sinking, a submersible whose builder deliberately chose not to construct to class. It has cast a shadow over yacht submersibles.
Whether you are a yacht enthusiast or an industry insider, this episode will satisfy your curiosity and enrich your knowledge.
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