Clear definitions of off-market, due diligence, and transaction terms—so you can move with confidence.
APA (Advance Provisioning Allowance) – A pre-funded allowance covering variable charter expenses (fuel, food, port fees) managed and accounted for by the captain.
AOC (Air Operator Certificate) – Certification that an air operator meets regulatory requirements to operate commercial flights under defined standards.
Beneficial Owner (UBO) – The natural person who ultimately owns or controls an entity involved in a transaction.
Controlled Disclosure – Staged information sharing to vetted parties to protect privacy and reduce deal risk.
Data Room – A governed document repository with staged access, permissions, and version control for due diligence.
Due Diligence – Structured verification of legal, technical, financial, and operational aspects before closing.
Escrow – A neutral mechanism holding funds/documents until contractual conditions are met.
Exclusive Mandate – A representation agreement where one advisor/broker leads the process under defined terms.
FBO (Fixed-Base Operator) – Private aviation service provider for handling, lounges, fueling, and ground services.
KYC (Know Your Customer) – Identity and legitimacy verification to ensure compliant counterparties.
LOI (Letter of Intent) – A preliminary document outlining key deal terms before definitive contracts.
NDA (Non-Disclosure Agreement) – Contract governing confidentiality before sensitive information is shared.
Off-Market – Curated access to opportunities not publicly advertised, shared selectively with qualified parties.
Operator Vetting – Verification of an aviation operator’s compliance, safety, and operational standards.
POF (Proof of Funds) – Evidence of financial capacity consistent with the transaction scope.
Pre-Qualification – Initial screening of counterparties before granting access or arranging viewings.
Refit – Major upgrade or renovation of a yacht, often impacting valuation and timeline.
Search Mandate – Buyer representation mandate to source and negotiate opportunities, often off-market.
Sea Trial – Operational test of a yacht at sea to assess performance and systems.
Seller Qualification – Verification of authority to sell, ownership structure, and documentation readiness.
Success Fee – Outcome-linked fee paid upon closing of a transaction.
Survey (Yacht Survey) – Independent technical inspection identifying condition and deficiencies.
Teaser – Non-identifying summary shared early to gauge interest while protecting privacy.
Term Sheet – High-level commercial terms used to align parties before detailed contracts.
Title / Registration – Legal record of ownership and registration status (yacht/aircraft/property).
UBO Declaration – Document confirming beneficial ownership for compliance purposes.
Viewing Protocol – Rules governing who attends, what can be recorded, and confidentiality during viewings.
Retainer – Upfront fee covering structured work (sourcing, outreach, governance) in off-market mandates.
SPA (Sale and Purchase Agreement) – Definitive contract for sale including terms, conditions, and closing mechanics.
Staged Access – Permission-based document sharing (teaser → dossier → data room) aligned to readiness.
If you are evaluating an off-market acquisition or discreet sale, Luxcenture can structure the process—NDA-first, controlled disclosure, and a curated shortlist aligned to your brief.
Send us the term, clause, or document reference and we’ll explain it in plain language—within a discreet, Swiss-led process.
