Successful Sale – M/Y Nyla

Dawson & Associates is happy to have assisted Sam Watts of 37South in the successful sale of the vessel M/Y Nyla, acting as escrow agents.

The vessel was sold at the Palma International Boat Show to an international buyer, who we hope will have many happy memories aboard.

Escrow services are an important function of many vessel sale and purchases, providing both parties with the security and confidence that the funds (and in some cases, the sale documents) are being handled by a trusted and reliable third party. This provides assurances to all parties that the funds will arrive in time for the closing, as well as enabling a smooth buyer inspection process.

Dawson & Associates are maritime legal experts who regularly assist in the sale and purchase of vessels ranging from superyachts to large workboats. They also regularly provide escrow services on behalf of buyers and sellers.

If you have any questions about buying or selling a vessel, whether in New Zealand or overseas, or require escrow services in a vessel transaction, please contact Peter Dawson by email peter@maritimelaw.co.nz; phone +64 27 229 9624 or Troy Stade by email troy@maritimelaw.co.nz; phone +64 27 368 6730.