FIRST OF ALL: WHAT IS MYBA?
MYBA The Worldwide Yachting Association guides its Members on the highest ethical and technical standards, ensuring Corporate and Individual Members meet the requirements of the Rules of Conduct.
The Superyacht industry has developed and evolved immeasurably over the past two decades. MYBA The Worldwide Yachting Association which has adopted an increasingly influential and significant role in this industry, works closely with Government Organisations, Coastguards, the International Maritime Organisation, Licensed Marine Underwriters, Insurance Companies and Lawyers. Both the MYBA Charter Agreement and the MYBA Memorandum of Agreement have been developed over the years and provide an industry standard throughout the world.
Membership is available to eligible companies and individuals with a proven track record of professional excellence in the yachting industry. Member companies are required to hold Professional Indemnity Insurance and meet the strict requirements as outlined in the Statutes.
By working with a MYBA Company, yacht owners and charterers can benefit from the safeguards that have been established and be assured they are represented by experienced professionals. Owners and Charterers should always check they are working with a MYBA Company to ensure they have adequate protection.
The Association’s objectives are:- To establish and maintain a high standard of professional ethics, professional rules and skills in charter, sales, and yacht management.
– To establish, print and distribute recommended contractual documents specific to the profession and to encourage its
Members to promote them among professionals.
– To encourage inter-professional exchanges and contacts on all matters of common interest, including lobbying.
– To provide a framework with a view to the resolution of commercial conflicts between Members or between Members and
their contracted parties with a view to suggesting solutions with professional common practice and with current regulations
WHAT WE THINK
In the yachting industry we are attending the development of new companies which have little experience and no real training in yacht charter and brokerage. So, non-MYBA Members may not be as familiar with the yachts proposed.
Moreover, there are many yacht associations around the world, but MYBA is the most recognized and the hardest to get into. If your broker is a MYBA member, there is a very high chance you are dealing with best in class company, Forzatre is a MYBA MEMBER.