Camper & Nicholsons Capital partners with LH-Finance for North America
by James Harvey
Camper & Nicholsons Capital – a service department launched by the brokerage firm in January 2016 – has revealed details of a new partnership with LH-Finance that will help clients in North America access the services needed to finance yacht purchases.
This partnership will see both companies collaborate on a number of yacht finance products. The department now provides services including: traditional secured mortgages, asset-backed lease finance, debt finance, export credits, treasury services and foreign exchange – regardless of whether the financing is for a new yacht purchase, a refit, a second-hand purchase or a sale.
Since financial and employment affairs differ depending on where the yacht is at any given time, Camper & Nicholsons Capital also offers services to solve issues around offshore crew salary payments, pension schemes for seafarers and wealth management for crew.
Of course, the smaller elements of yacht finance are equally as challenging, and soon Camper & Nicholsons Capital will offer banking services, Maltese and Monegasque VAT handling, charter VAT handling and asset management services.
As announced in January, Camper & Nicholsons is striving to become an all-round point-of-call for clients, supporting them at every step of the sales or purchase process.
Alongside the launch of the Capital department, Camper & Nicholsons also introduced their Insurance Solutions department at the start of the year. Designed to cover everything from hull and machinery to fine art on board, the packages offered are seamless, bespoke and effective, the company said in a statement.