This question is not intended or directed at any specific boat builder and is a general request for information!!
I am having a new boat built and want to ensure my payments are protected should the company go into liquidation and its assets are seized during the build stage. The agreement between myself and the purchaser says that I own as much of the boat as has been built and any items purchased for the build that my stage payments cover.
However, should the worst happen, I would not be in a position or capable of collecting a hull stuck in a mould with the rest of the build to complete and £20k plus of stage payments being spent by the directors of the company on their new spanish villa.
In all probability the whole process should be smooth and painless, however after hearing many horror stories I am after some advice from any of you that have had difficulties in the past.
Also, should the build take much longer than the initial date agreed at what point does this become an issue (I do not intend making many changes or requests during the build as my specification is fairly stringent)