Details Details for Wire Transfer Information and Closing Instructions

BVI Yacht Sales Ltd. (BVIYS) is committed to delivering a superior level of service, surpassing typical yacht brokerages, and ensuring your boat transaction is both convenient and secure. To achieve this, we’ve teamed up with Details Details Service, LLC (DD), a trusted, licensed, and bonded closing and escrow service based in Florida. They will handle all financial and closing aspects of your boat purchase process. The fees for their services are solely paid to DD, with no portion retained by the brokerage. DD are working for you, the buyer or seller, not the brokers; and they are dedicated to your concerns and peace of mind throughout this process.

Details Details LLC Fees for Services:

1. Buyer Escrow and Closing Fee:
○ A fee of $500 covers the escrow and closing services. Even if the deal does not result in sale of a vessel, a fee of $125 will be retained when funds are refunded to the Buyer. Services provided by ASAP are additional and will be itemized on the closing statement as needed.

2. Seller Escrow and Closing Fee:
○ The fee for sellers is also $500, charged at closing of a sale. Services provided by ASAP are additional and will be itemized on the closing statement as needed.

3. Expedited Fee:
○ For closings requiring less than two weeks from Acceptance to Closing, an additional expedited fee of $425 applies. ( $925 total)

4. Change Fee:
○ Any changes to documentation, terms, or time frames after Acceptance is submitted, incur a $125 change fee.

ASAP Marine Documentation (ASAP) can assist with:

● Lien searches on the vessel
● Preparing comprehensive buyer and seller documents, including a Bill of Sale and Warranty of Title
● Vessel documentation and ownership transfer, including deletions, as needed.

To determine the appropriate fees and services (buyers can expert $995 to $1500 depending, and sellers can expect fees starting at $450 ) please provide:

● Desired documentation location
● Where the yacht will be kept (Florida, another state, or foreign waters)
● Ownership details (single name, joint names, company, or LLC)
● Address for documentation
● Name and Hailing Port

Navigating from Acceptance to Closing

Purchasing a yacht involves several critical steps. DD works to ensure all transactions are verified, documentation is accurate, and any issues are addressed. It’s important to set realistic expectations and maintain clear communication with all parties involved.

1. Acceptance of Vessel (AOV): The buyer confirms satisfaction with the vessel’s condition and terms of sale.
2. Financing: Plan for at least two weeks from Acceptance to Closing, or four weeks if using financing. Final loan approval requires a vessel survey, with potential delays due to lender requirements.
3. Insurance: Required before financing/funding can be released.
4. Title and Documentation Checks: Ensure the yacht has a clear title and no liens.
5. Current Vessel Flag & Registration: Additional steps are needed for foreign-registered vessels.
6. Post-Survey Inspection and Repairs: Addressing issues found during the survey can extend the closing timeline.
● Insurance: Required before financing/funding can be released.
● Financing: Final loan approval requires a vessel survey. Plan for at least two weeks from Acceptance to Closing, or four weeks if using financing. DD will coordinate with your bank.

Wire Transfer Instructions

For secure transactions, we have implemented strict verification measures. Please call +1-954-318-2571 to confirm the last four digits of our escrow account number. This step ensures you’re dealing directly with DD. Here are the wire transfer details:

● Beneficiary Bank: City National Bank of Florida
● Address: 25 West Flagler Street, Miami, FL 33130
● ABA Number: 066004367
● SWIFT Code: CNBFUS3M
● Beneficiary: Details Details Escrow Account
● Account #: 3000044#### (Confirm last four digits by phone +1-954-318-2571)
● Beneficiary Address: 4005 N Federal Hwy Suite 200, Fort Lauderdale, FL 33308 USA
● Currency: United States Dollars

Note: Do not include a memo to avoid red flags at the bank, which could result in funds being flagged for potential fraud.