The Making of a Dream

26 Jan

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This time around, buying a boat is a little more complicated. We had to fly out to Greece from the UAE, as I’ve posted before, just to see her for the first time so we had to be pretty sure of what we wanted before even doing that. This meant Neil had trawled through numerous brokers’ websites, read reviews and so on for some time. I suspect this was a labour of love, though. I’m sure you can picture him sitting in an office in the desert heat of summer and see why a boat had such an appeal. Of such stuff are dreams made.
I was probably the one who had to be convinced. Those few days before Christmas in the Ionian certainly made both of us realise we were ready to head back to Europe. The boat itself, sitting “on the hard”, ie on dry land in a boatyard, did the rest. She’s a Bavaria 33, the same make as our previous boat, but a smaller model being some 7 feet shorter. That doesn’t sound like much but the space has to come from somewhere and the all-important thing was would we be comfortable with how this had been done. And the individual boat had to be up to scratch, of course.
So we made an offer which was accepted and flew back to Abu Dhabi. Now is when it gets more complicated. Dreams come with paperwork. The boat is in Greece but registered in Germany with the boat priced in Euros. We were paying in Sterling and wanted her registered, under a different name, in the UK. But we are not in Greece, Germany or the UK. We are in the Middle East with a postal system which is, shall we say, a bit different. And it was Christmas.
Thank goodness for the wonders of modern technology. The contract was attached to an email, printed, signed subject to survey and posted with fingers crossed to the UK office of the broker, the Greek post leaving a bit to be desired in these impoverished times. The office was shut for the holidays. No worries, though, and sorted in the New Year. We’d spoken to a surveyor while in Greece and now asked him to do his thing, got the report back, ironed out a few queries and gave the broker the thumbs up.
By now it was mid January and, wouldn’t you know it, the currency exchange rate had taken a turn for the worse with stock markets plunging and those guys in the red braces basically saying we had to fork out quite a bit more if we still wanted to go ahead with the purchase. We did. A bit of to-ing and fro-ing between accounts, with banks doing their usual best to stop us getting at our own money, and the boat was paid for.
What remains to be done? She’s on the German ships register and needs to be deregistered from there – that should takes about a week – and then put on the British Small Ships Register in her new name (usually takes about 20 days). Once we have the SSR number, insurance can be sorted more or less immediately and the Title Deeds can be prepared by the broker at the same time. That should take about a week. So in about five weeks we should be the registered owners of S/Y Desert Dream.
Inshallah.

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3 Responses to “The Making of a Dream”

  1. brummytezza January 26, 2016 at 7:41 pm #

    Cathy – how exciting, we’re very jealous. We would have been even more jealous if we had not completed on our Moraira purchase (moved in a week ago). So we went thru the same money transfer issues before Christmas, but with I guess larger sums (all done electronically and scarily with the sums involved – how many times should you check an IBAN no?). Fortunately we bought the euros 2 days before the exchange rate sunk.

    So, a Bavaria 33. We chartered one in the Ionian in October and were very impressed with her. Yes a lot smaller than the Bav 38, which we part owned in Turkey, but very comfortable for two. The big advantage was that we were able to squeeze into smaller gaps in the busy Ionian ports, where the beamier 40 footers couldn’t.

    Good luck with Desert Dream. I always found dealing with the SSR people very easy and they were amazingly helpful.

    Terry & Mo

    Ps – how long do you spend locating all those amazing images you include with the posts?

    • lamputts January 29, 2016 at 5:29 am #

      Thanks Terry and Mo. Great news about Moraira! You were very lucky with the exchange rate – it makes such a huge difference on these big purchases. We must remember to factor that in more in future. Good to know you had a positive experience with the 33. We still have a few anxieties about space but really we had more stuff on the 38 than we probably needed. Time will tell I suppose. Watch this space, ha, ha.
      How’s the weather in Moraira? We hope to be there in the not too distant future.

      • brummytezza February 2, 2016 at 9:50 pm #

        Cathy. When we had the B38 we concluded that anything less than 40ft would not work as a liveabord. We sailed the B33 for 2 weeks and felt we could easily have done much more. Could we liveabord a B33? Probably as she sailed almost as well as the B38. She was a little pressed under power in a headwind, but then I thought the B38 was underpowered. Guests would be more of a struggle – so the family (daughters and granddaughters) would not work.

        The Moraira weather has been excellent for the last two weeks and the almond blossom is out. Might be a bit cloudy over the next few days.

        Saludos

        Terry

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