2024 Seaking 790

Yes. Foreigners can purchase boats in Thailand. However, the ownership and registration structure depends on the vessel, its current flag and how you intend to use it. A Thai company or partner is not automatically required simply to purchase a boat.

If a Thai flag or commercial operation in Thailand is required, additional ownership and regulatory requirements may apply. We can help guide you through the process and connect you with the appropriate local professionals.

Yes. We strongly recommend an independent survey and sea trial for any pre-owned boat.

You can appoint your own surveyor, or we can recommend independent surveyors familiar with boats in Thailand. The buyer normally covers the survey, haul-out and related costs.

If the survey identifies significant issues, these can be discussed with the seller and dealt with according to the agreed Sale & Purchase Agreement.

Payment terms are agreed in the Sale & Purchase Agreement and normally involve a deposit followed by the balance once the agreed conditions have been met.

Payment is generally made by bank transfer, with USD commonly used for international transactions. Depending on the transaction, funds may be paid through an agreed client or escrow arrangement.

The survey and other agreed conditions are normally completed before the final payment. If significant issues are identified, the parties can agree on repairs, a price adjustment or other solution in accordance with the contract.