How to Buy a Yacht in Greece – Step-by-Step Process 

Purchasing a yacht in Greece is a well-structured legal process that ensures transparency, safety, and protection for both Buyer and Seller. Below is a summary of the basic steps involved in a yacht purchase:

✅ 1. Initial Inspection

The Buyer and their experts (surveyors or engineers) conduct a first visit and visual inspection of the yacht.

 ✅ 2. Offer & Price Agreement

If the yacht meets your expectations, an offer and price agreement is made, subject to a successful sea trial and pre-purchase survey.
We at Alvea Yachts facilitate the negotiation process, always aiming for a win-win agreement. 

 ✅ 3. Signing the Memorandum of Agreement (MOA)

A specialized yachting lawyer drafts the MOA, which outlines all legal terms and steps of the transaction.

It is signed by both parties and protects both Buyer and Seller.
The MOA will also list the required documentation to safely transfer yacht ownership. 

 ✅ 4. Inventory List

The Seller provides a signed list of included inventory—this becomes an official part of the MOA. 

 ✅ 5. Down Payment (Stakeholder Account)

The Buyer transfers 10% of the agreed selling price to a designated stakeholder account, as specified in the MOA. 

 ✅ 6. Survey & Sea Trial

A Pre-Purchase Condition Survey, sea trial, and engine inspection are performed.
The Buyer covers all related costs: surveyors, haul-in/haul-out, fuel, engineers, etc. 

 ✅ 7. Legal Examination

The Buyer’s legal expert checks all yacht documentation, including:

• Registry

• VAT status

• Liens or mortgages

• Outstanding taxes or marina fees

• Encumbrances
  This ensures the yacht is free and clear for transfer.

 ✅ 8. Signing the Bill of Sale

The final Bill of Sale is signed and notarized, with Apostille certification, ensuring global legal acceptance.

 ✅ 9. Closing Meeting

The Buyer transfers the remaining balance to the Seller as per the terms in the MOA.
Upon confirmation of payment, both parties proceed to the final step. 

 ✅ 10. Physical Delivery of Yacht

The Buyer receives:

• The physical yacht

• All items listed in the inventory

• All legal documents as per MOA
  A Protocol of Delivery & Acceptance is signed by both parties.

 ✅ 11. Insurance

The Buyer arranges insurance coverage for the newly acquired yacht. 

 ✅ 12. Deletion from Greek Registry

The Seller submits all required documents for the deletion from the Greek registry.
This may take a few days depending on registry workload. 

 ✅ 13. Issuance of New Transit Log (DEKPA)

If the yacht remains in Greece under foreign flag, the new owner applies for a Transit Log (DEKPA). 

🧭 Need Help Buying a Yacht in Greece?

Alvea Yachts will guide you at every step – from yacht selection and legal checks to survey, transfer, and post-sale assistance. We work with experienced maritime lawyers, engineers, and surveyors across Greece.

📞 Call us: +30 6972 505000
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