If you’re considering purchasing and importing a new boat or yacht in Hong Kong, here’s a comprehensive guide to help you navigate through the process:
- Contact Local Dealer or Factory: Once you’ve chosen the boat you wish to buy, reach out to a local dealer in Hong Kong to manage the entire procedure. In cases where there’s no experienced local dealer or the factory is new without a dealer network, direct contact with the factory personnel is necessary.
- Payment Terms: Payment terms typically vary based on the size and type of the boat. For larger boats, a deposit of 20% is usually required upon order, followed by 30% upon engine installation, and the balance upon completion of construction. Smaller boats may require a 50% deposit upon order and the remaining 50% upon completion.
- Factory Visit and Legitimacy Check: It’s crucial, especially when dealing with a new factory or making a direct purchase, to visit the factory. This ensures legitimacy and allows you to assess the professionalism and facilities firsthand, mitigating the risk of financial issues or closure during the construction process.
- Shipment Arrangements: Factories typically handle the shipment from their country to Hong Kong. However, if they’re inexperienced or unable to manage the shipment, you may need to engage a shipping broker or agent from the port of loading. Cargo insurance is essential to cover any potential damages during transit, and it’s advisable not to compromise on shipping quality to save costs.
- Receiving the Shipment: Upon the boat’s arrival in Hong Kong, the consignee must liaise with the shipping line to obtain all necessary documents, including arrival notices, invoices, and taxes. This process may involve engaging with the shipping firm to ensure smooth clearance.
- Handling at Port: Arrange for a competent crew or shipyard to handle the offloading and necessary installations once the boat arrives in Hong Kong waters. This may involve coordination with surveyors and port staff to address any issues promptly.
- Licensing Process: Prepare all required documents, including identification, builder’s certificate, invoices, and insurance certificates, and submit them to the Marine Department in Hong Kong for licensing. Depending on the circumstances, a police background check may be necessary, which could extend the processing time.
- License Acquisition: Once approved, the Marine Department will issue the license, allowing you to operate the boat legally in Hong Kong waters. Ensure that the necessary stickers or licenses are visibly displayed on the boat.
By following these steps diligently, you can successfully purchase and import a new boat or yacht in Hong Kong, ensuring a smooth and hassle-free process from start to finish.