Damaged Sunseeker Yacht

[Steve Benson]

Whilst dreaming on the Sunseeker Brokerage site I have seen this - http://www.sunseekerbrokerage.com/sunseeker-40-met...

This is an advertisement for the sale of Sunseeker 40 Metre Yacht “JELANA”. The Vessel is currently lying in Greece and undergoing survey and repair works following an incident experienced during bad weather. Full survey report and details are available upon request. This is a great opportunity for a new owner interested in an exciting project.

I guess this must be a 6 million+ Euro boat in good condition so what could have been so badly damaged "during rough weather" to make it's value less than 2 million Euro's?

I am in no way planning on buying it so just being nosey really.

[Steve Benson]

Chrisgr31 said:

Is the implication that the insurance company have effectively written her off and are selling her?

That was my thought too.

Do boats out in the open sea HAVE to be insured?

Thanks to the people who found what the boat was, I knew someone on here would know.