Untangling Pay-First, Pay-If-Paid, & Other Clauses In Yacht Deals

About this episode

The episode explores the implications of various payment clauses in yacht contracts and their impact on the payment chain.

Text us your ideas and feedback! One tiny word in a marine contract can decide who gets paid and who gets stranded. We unpack the real meaning of pay-first, pay-if-paid, and pay-when-paid in yacht builds, refits, and charters, and trace how P&I club traditions shaped today’s clauses. From owners to shipyards, subcontractors, brokers, and charterers, we map the entire payment chain so you can see where money stalls, why it stalls, and how to keep your project moving when one party hits a c...

People in this episode

Hosts: Michael Moore, Diane Byrne

Topics covered

• marine contracts
• payment clauses
• yacht deals
• refits
• charters
• payment chain

Keywords

• pay-first
• pay-if-paid
• pay-when-paid
• yacht builds
• marine contract
• payment chain
• subcontractors
• brokers
• charterers

Mentioned in this episode

Organizations: P&I club

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