Hallie Sam


French Commercial Exemption for Superyachts

The French Commercial Exemption is a set of regulations that apply to superyachts operating in French waters. This exemption requires that any yacht that spends more than 70% of its time in French waters must be registered for commercial use in France, regardless of its size or ownership status.

The French Commercial Exemption was introduced to ensure that superyachts operating in French waters comply with French labor laws and regulations, and to level the playing field for French-based commercial yacht operators. By requiring that all yachts operating in French waters comply with French commercial regulations, the French government is able to ensure that French maritime workers are protected and that yacht operators are held to a consistent set of standards.

To comply with the French Commercial Exemption, yachts must be registered for commercial use in France and comply with various French commercial regulations. This includes hiring a French captain and crew, obtaining a French commercial yacht registration (FRPY), and ensuring that the yacht complies with French safety and environmental regulations. The process of registering a yacht for commercial use in France can be complex and time-consuming, and it is important to work with a knowledgeable and experienced superyacht rental company to ensure compliance.

While the French Commercial Exemption can be challenging for yacht operators, it also offers a number of benefits. By complying with French commercial regulations, yachts are able to operate legally in French waters and provide guests with a high level of service and safety. Additionally, the French coastline offers some of the most stunning cruising destinations in the world, from the glittering beaches of the French Riviera to the quaint fishing villages of Brittany.

Overall, the French Commercial Exemption is an important regulation that helps to ensure that superyachts operating in French waters are subject to consistent standards and regulations. While compliance can be challenging, it is essential for yacht operators to work with knowledgeable and experienced prof

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10 Reasons Why People Lose Money in Stocks

Buying stocks today can be a lucrative way to grow wealth over the long term. However, many people lose money in the stock market, often due to common mistakes that can be easily avoided. Here are 10 reasons why people lose money in stocks if they fail to use the how to open demat account:

1). Lack of Research: Many people jump into the stock market without doing their due diligence. They invest in companies without knowing much about them or their financials. This lack of research can lead to poor investment decisions, resulting in losses while buying stocks today.

2). Emotional Investing: People often make investment decisions based on their emotions rather than logic. They might buy stocks based on hype or fear of missing out (FOMO) rather than a rational assessment of the company’s prospects. This can result in buying stocks that are overpriced and likely to decline if they fail to use the best trading apps.

3). Lack of Diversification: Investing all your money in one stock or sector can be a recipe for disaster. Diversification is key to reducing risk in a portfolio. By spreading your investments across different stocks and sectors, you can reduce the impact of any one stock or sector on your overall portfolio.

4). Ignoring Market Trends: The stock market is dynamic, and trends can shift quickly. Ignoring market trends can result in buying or holding onto stocks that are declining in value. Staying up to date on market trends can help you make informed investment decisions while stock trading.

5). Overconfidence: Some investors become overconfident in their abilities and make risky investments. This can lead to overtrading, buying and selling stocks frequently, which can result in higher fees and taxes, ultimately reducing returns when they fail to use the best trading apps.

6). Timing the Market: Trying to time the market is a common mistake that can lead to losses. No one can predict the stock market’s movements with certainty, and attempting to do so can result in missed opportunities or buying and selling at the wrong time.

7). Following the Crowd: Investors often follow the crowd, buying stocks that everyone else is buying. This can lead to buying overvalued stocks or missing out on undervalued stocks while using the best trading apps.

8). High Fees and Commissions: High fees and commissions can eat away at investment returns. Be sure to understand the fees and commissions associated with your investments and seek lower-cost alternatives when possible.

9). Lack of Patience: Investing in stocks is a long-term strategy. Many investors lose money because they don’t have the patience to wait for their investments to grow. Trying to make a quick profit by buying and selling stocks frequently can result in losses while buying stocks today.

10). Not Having a Plan: Investing without a plan is a recipe for disaster. Before investing, you should have a clear plan that outlines your investment goals, risk tolerance, and investment strategy. This can help you make informed investment decisions and stay on track with your long-term goals while using buying stocks today.

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The advantages of investing in ELSS mutual funds over other tax-saving options

Tax is an unavoidable yet essential part of life, and it certainly pays to have a comprehensive plan in place for taxes. Investing in 80C tax-saving investments can be an ideal way for responsible taxpayers to save on taxes while ensuring their financial future is secure. While all tax saving investments under 80C can be beneficial, ELSS mutual funds are one efficient way to both save on taxes and invest for long-term growth.

Learn more about ELSS mutual funds and what additional benefits they have to offer over other 80C tax-saving options.

What is an ELSS mutual fund?

An ELSS mutual fund is an equity-based fund that invests mainly in stocks and shares of listed companies. Since they come with a tax benefit, ELSS funds are also known as tax saving mutual funds. In India, investments up to Rs. 1.5 lakhs (under section 80C) can be claimed as deductions from taxable income each year. This deduction helps ELSS investors reduce their tax liabilities significantly and make more money available for other investments or savings.

Furthermore, the ability to invest in ELSS online through a lump sum or a systematic investment plan (SIP) allows you to choose exactly how and when you want to invest, giving you more control over your finances.

Advantages of investing in ELSS mutual funds over other tax-saving options

  • Flexibility and maximum liquidity

The lock-in period for ELSS investments is three years, which is much lower than the five or ten-year lock-in periods for other tax-saving instruments like public provident fund (PPF) (15 years), tax-saving bank FD (5 years) or the national savings system (5 years). This means that you have a shorter time frame to plan your investments and accrue returns while still being able to enjoy the same tax benefits.

Note that redeeming ELSS funds after three years is not mandatory, you can continue to stay invested.

  • Diversification and portfolio diversification

Another advantage of investing in ELSS mutual funds is portfolio diversification. Since these schemes invest primarily in equities with a mix of large-, mid-, and small-cap stocks, they provide exposure to multiple sectors, which helps reduce market risks and volatility compared to investing in individual stocks directly. This means that if some stocks start performing poorly in your portfolio, others may pick up and help you maintain your overall performance level.

  • Long-term capital appreciation through equities

Since ELSS funds invest predominantly in equity instruments, they are market linked and thus offer higher returns than other 80C investments. Note that, unlike PPF, you don’t get fixed returns with ELSS funds. The returns depend on how well the underlying stocks perform in the market. But if you can stomach the volatility and invest for a longer time frame, the returns can be significantly higher than the fixed-income products.


There are other 80C tax-saving options available, but ELSS funds offer all the advantages of mutual fund investment, including the potential for greater returns and increased diversification, plus an added bonus of getting your investment back in as early as three years. Knowing that you have this flexibility emphasises why many investors prefer to invest in ELSS funds over other 80C tax-saving options. For additional security, it is advisable to seek the assistance of a financial advisor who can help make decisions based on your financial capacity, risk appetite, and expectations from the scheme.

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What Does Home Insurance Cover in a Fire?

Whether they are man-made or natural, accidents can happen at any time. Property loss brought on by an unforeseeable accident cannot be understated. While most people invest their entire lifetime’s worth of savings into purchasing a property, they hardly ever realise that the home also needs security. A comprehensive home insurance policy is generally advised because it protects you from mishaps and disasters.

A home insurance policy protects the building’s structure, its contents, any personal property, or both, against any loss or damage brought on by the fire. Comprehensive home insurance pays for the costs of repairing, rebuilding and replacing the building’s structure and the contents in the event of a fire accident.

What is covered by a fire section of homeowners insurance?

Any home insurance policy provides coverage for your home’s components — the building’s structure and contents. A consumer has the option of choosing a cover for the content, the structure, or both.

A homeowner’s policy typically contains multiple different types of coverage, such as:

  1. Dwelling protection: In the event of a calamity, this covers the costs of repairing or rebuilding your home’s structure.
  2. Structure coverage: This insurance covers any detached structures on your land, such as fences, sheds, and garages.
  3. Personal property coverage: This insurance covers your possessions, including furniture, clothing, and electronics. For particular things, like jewellery, you can get a supplementary precious items coverage.
  4. Loss of use coverage: This would pay the increased living costs if, for instance, you had to vacate your home while it was being repaired or rebuilt.
  5. Personal liability insurance: This protects you in the event of a claim and can assist in defraying the expense of your legal defence should you or a member of your family be held accountable for third-party property damage or bodily harm.

The following are some of the dangers listed under the fire section:

  • The insurance covers fixtures and fittings, building expenditures, and renovation costs against fire and related risks.
  • The fire & burglary insurance covers against fire and related risks, as well as burglary, are provided for household appliances, home goods, jewellery, etc.
  • If your home is damaged by an insured peril, such as a fire accident, rent for alternative housing will be provided. Allied perils include calamities and accidents like explosion and implosion, fire, lightning, impact damage, damage by aircraft, storms, cyclones, tempests, typhoon, tornados, flood & inundation, malicious damage, strike, bursting of water tanks, leakage from sprinklers, and bushfire.


Depending on the insurance company, the coverage could differ. Before applying for home insurance, carefully read the policy wording. Use a home insurance calculator to compare and choose the best policy as per your need.

Another important factor in preventing home damage is prevention. Verify the functionality of your smoke alarms, the accessibility of your fire extinguishers, and the readiness of your family’s emergency escape plan. If your home has specific safety features, you can also be qualified for insurance concessions.

We can understand why it’s crucial to ensure that your home is adequately insured if a fire or calamity causes damage. Review your policy carefully to understand what is and isn’t covered, and then talk through your alternatives with your insurance company or agent to help you feel more at ease. To save money on your policy, you can combine your home insurance with another form of policy, like vehicle insurance, from the same provider.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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Biggest Cyber Breaches In India

The age of digital technology is here. Due to the expanded use of digital technology across industries, practically anything can now be accomplished through the internet. On the other hand, having a healthy digital presence brings the possibility of a security breach.  It is now critical to use all means and stay safe about your personal information.

According to research, India had 86 million cyber breaches in 2021, placing it third worldwide in terms of the number of cyber breaches. Hence it is essential to have cyber insurance in india. Following are some of India’s most significant data breaches during 2019 and 2021.

  1. Data breach (may 2020)

This particular website serves as an online education platform. It was established in 2015, and some of its earliest backers included some big names in tech. The corporation admitted that a security breach had occurred, which put the accounts of 22 million individuals registered on their website at risk.

The fact that sensitive information like usernames, email addresses, and passwords was placed up for sale on the dark web was brought to light by a cyber security company.

  1. Online Grocery Platform for sale on dark web (october 2020)

A company specialising in cyber intelligence claims that this particular online grocery shopping site had been placed for sale in a marketplace for online criminality.

The right authorities checked for the accuracy of the data that the company was offering for sale, and informed the company on November 1 that a security compromise had occurred. Names, personal identification numbers (PINs), mobile phone numbers, email addresses, dates of birth, IP addresses, and localities were among the data.

  1. On the dark web, you can buy an online payment platform(January 2021)

A web-based platform that was developed specifically for usage in connection with mobile phone-based financial transactions was the target of data breachers at one point. In January 2021, the company disclosed that a server had been breached, resulting in the theft of data that contained the disguised card data and card fingerprints of 35 million consumers.

An unused access key was utilised in the hacking of the data. According to the findings of a cybersecurity researcher, the information was sold on the dark web for five thousand dollars. You may see the relevance of cyber insurance in india when you consider that the data of such large corporations are not always secure.

The cyber insurance coverage covers online risks. It may not be possible to retrieve the data that was compromised; however, it will be possible to receive financial support and assistance if you become embroiled in a legal proceeding.


These were some of the most significant cyberattacks launched against India between 2019 and 2021.

Since cyber-attacks are unavoidable, purchasing cyber security insurance to secure online data is necessary. Ensure that your information is covered by insurance, so you do not have to shoulder the burden alone. With daily technological advancements, it is becoming challenging for the legal system to keep track of all data breaches, let alone bring justice.

In this scenario, the best strategy for businesses, government agencies, and individuals is to implement security measures to prevent these attacks.

‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.‘

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Exploring the Evolution of Yacht Refit Through the Ages

Yacht refit is a process of restoring and improving a yacht’s design, performance, and amenities. The history of yacht refit has evolved from the earliest days of sailboats to the modern age of luxury yachts.

The earliest known boat refits were done in the 1500s, when ships were being built for exploration and trading. As these ships needed to stay afloat and withstand the elements, the earliest refits were focused on strengthening the hull, improving the sails and rigging, and making the ship more seaworthy.

In the 18th century, yacht refit became more focused on luxury and style. Wealthy owners wanted their yachts to look and feel more like a home, so they added features such as cabins, galleys, and decks. They also upgraded the sails and rigging to give the yacht better performance.

The 19th century saw a boom in yacht refit. The Industrial Revolution made it possible to build larger and more luxurious yachts, and owners began to customize their boats with more advanced technology. This included electric lighting, refrigeration, and even wireless communication.

The 20th century brought more technological advances and more complex yacht refits. New materials such as fiberglass and composites allowed for lighter and stronger hulls. Refits also included luxuries such as air conditioning, entertainment systems, and navigation systems.

Today, yacht refit is a highly specialized field. Yacht owners can choose from a range of services, from simple repairs to full-scale refits. The latest designs and technologies can also be incorporated into refits, making them safer and more efficient. Many yacht owners also choose to customize their yachts with unique features and fittings, creating a truly unique vessel.

Yacht refit is an important part of the history of sailing, and it continues to evolve as technology advances. With the right refit, a yacht can be transformed into a modern marvel.

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The ideal sports fishing yacht: the Viking 74

Those on the market for a sports fishing boat would do well to discover the Viking difference with the Viking 74. One of the most popular models from the family-owned Viking Yacht Company, the Viking 74 remains unique among luxury convertible yachts. Focusing on design, performance, and engineering, her beautiful lines and exceptional capabilities ensure she is the standard for convertible fishing yachts in her category.

Measuring 74 feet in length, she features a fiberglass hull with a beam of 19′ 9″ and a draft of 6′. Rest assured, no expense was spared when the team at Viking created her cockpit. Available in both an open and enclosed bridge configuration, the Viking 74 is a favorite among both recreational fishermen as well as tournament anglers. Offering 218 square feet of workable space, her open bridge configuration has plenty of room for live wells with hatch bottoms, food, and bait freezers, tackle and gear stowage, and an electric gearbox. The raised helm station offers unobstructed views of her stunning surroundings with three pedestal seats and remains easily maneuverable. 

Her enclosed bridge includes a raised lounge, complete with a state-of-the-art helm station, wet bar, entertainment system, and additional seating. A small space located aft includes live wells and food and bait freezers. A spiral staircase leads down to the main deck, which features a wide-open interior that is similar to larger Viking convertibles. A salon with L-shaped seating with a table is located aft, and the galley and dinette forward, with a day-head for convenience. The U-shaped galley completes the casual and formal dining area located opposite with wraparound seating. The galley features two refrigerator and freezer units and granite counters, and the salon includes a 50-inch pop-up TV.

Her lower deck is also configurable with either a four or five-stateroom layout, including crew quarters with direct engine room access. Each stateroom includes an ensuite bathroom, while the owner’s suite offers king size bed and L-shaped lounge as it takes full advantage of the Viking 74 19′ 9″ beam. 

Powered by twin MTU 16V2000 diesel engines, she has a cruising speed of 30 knots, with a top speed of close to 39 knots. 

Interested in learning more about Viking Yachts and the Viking 74 currently available on the market today with FGI Yacht Group? Contact our team of expert brokers and find your dream Viking 74 sports fishing yacht now.

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Evan Rubinson Describes the One Trait All Employers Should Look For in a New Hire

If you are an entrepreneur like Evan Rubinson, one of the hardest things that you have to do is hire new employees. You may find yourself contemplating everything that you are looking for in a new employee, and that can be overwhelming. As such, Mr. Rubinson wants to make things a little easier for you by explaining the one trait that all employers should be looking for in a new hire, and why this one trait is so important to consider when hiring.

Evan Rubinson knows how important hiring the right individual for your company is. He is the CEO of ERA Music Brands, and he too has been in the position where he has had to hire employees. Hiring the right employee can help increase productivity, boost the company’s morale, and help avoid the costly expense of having high employee turnover. While many companies look for things such as education and job experience, Mr. Rubinson implores you to consider when trait that may be more important than all of these things combined; emotional intelligence, also referred to as EQ.

Emotional intelligence allows an individual to understand human psychology and behavior. Having a high emotional intelligence allows your employees to recognize feelings within themselves and within others. It makes it easier for these people to understand what your customers are looking for and how they can deliver that to your customers. It also makes it easier for your employees to recognize how to get along with their managers and other employees, making for a better and more productive workplace environment. Mr. Rubinson explains that having the smartest guy on your team does you no good if they do not understand how customers are feeling, know how to relate to customers and know how to provide customers with the overall experience that they are looking for.

Evan Rubinson cautions companies to take their time and to really hone in on searching for employees who have high emotional intelligence. He states that one of the most common mistakes companies make is mistaking a smooth talker or a liar for someone who is highly intelligent. Trust your instincts and look for individuals you feel are trustworthy and honest. After all, if you feel that they are trustworthy and honest, there is a good chance your customers will also feel that same way.

Evan Rubinson states that his father taught him the importance of hiring individuals with a high emotional intelligence. He feels that this is a key to his success when it comes to hiring, and as such, he wants to share this tip with every other company out there. While there are many traits that you can focus on when hiring, looking for employees who have a high emotional intelligence can pay off in a big way for your company.

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Evan Rubinson Reframes Employee Outcomes to Better Meet Long-Term Business Goals 

As a young entrepreneur who founded the musical company ERA Brands, Evan Rubinson understands the challenges of getting business owners and their employees on the same page. He believes that the first step is to create a vision that merges the needs of owners and employees.

Business owners are committed to the long-term success of their companies because they have invested substantial time and money into developing them. They tend to have more of a long-term view, while employees who only earn a paycheck and not part of the profits have no problem leaving the company if a better opportunity comes along.

Evan Rubinson Speaks from Experience

Having been both an employee and an employer, Rubinson understands the give and take between people in both roles. Now that he has several people reporting to him, Rubinson knows that employees repeat behavior that has earned them rewards in the past.

When workers look at their successes, they typically focus on short-term accomplishments, such as exceeding their sales quota for the year. Employers are more interested in actions that build lasting relationships with customers. The result is earning business from customers who will then buy from the company multiple times according to how well employees invest in them and try to meet their needs.

Evan Rubinson makes a point of praising the success of his employees while encouraging them to think in terms of building relationships and a strong brand name. He recommends that new employers continually express their expectations while also tying monetary rewards and other types of recognition to the company’s five-year and 10-year goals. Rubinson also recommends breaking goals down into smaller timeframes to help make them more manageable for employees.

A Better Way to Reward Employees

Employers who want to get employees onboard with seeing beyond immediate goals need to change the way they think about rewarding them. According to Evan Rubinson, stressing the importance of developing long-term relationships with customers and suppliers while still paying bonuses based on sales numbers sends a conflicting message to employees. Most people will prioritize doing what they need to do to earn their bonus and all but forget about the long-term goals discussed at every department meeting.

This issue is a double-edged sword because employers cannot afford to have employees focus only on the big picture while failing to meet sales quotas. He feels that the best way around this is to provide incentives to employees based on what is most impactful and meaningful to the company. At ERA Brands, this can include a wide range of both short-term and long-term objectives.

Evan Rubinson tries to balance both types of goals when he decides how to pay bonuses to his employees. By blending employee objectives together, he avoids overfocusing on one outcome to the detriment of the other.

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Buying a yacht in Monaco

Monaco is a popular destination for yacht owners and enthusiasts. The climate and coastline of the Mediterranean make it an ideal place to own and enjoy a yacht. Buying a yacht in Monaco is a substantial investment, so it is essential to be well-informed and prudent throughout the process.

Step 1: Yacht inspection

Prior to making a purchase, it is essential to have the yacht inspected by a professional surveyor. This will ensure that there are no hidden problems with the yacht and that it is in good condition. A surveyor will inspect the yacht for any structural damage, leaks, electrical problems, and other potential issues that could affect its performance and durability.

Step 2: Determine Your Budget

You can determine your budget once you have a thorough understanding of the yacht’s condition. This includes not only the price of the yacht, but also insurance, maintenance, and mooring fees. It is essential to maintain a realistic budget and ensure that you have sufficient funds to cover all costs associated with yacht ownership.

Step Three: Conduct Research on Yacht Dealers and Brokers

Monaco is home to numerous yacht dealers and brokers specializing in the sale of luxury vessels. It is essential to conduct research and select a reputable and seasoned dealer or broker with whom to work. This will ensure a seamless and stress-free purchasing experience.

Step 4: Negotiate the Price and Terms of the Contract

After locating the yacht you wish to purchase, you can begin negotiating the price and terms of the contract with the seller. This is where the expertise of your yacht dealer or broker will be invaluable, as they will be able to guide you through the negotiations and ensure you get the best deal possible.

Step 5: Conclude the Sale

After agreeing to the price and terms of the contract, you can close the deal and take ownership of the yacht. This procedure will involve the execution of a sales agreement and the transfer of funds to the seller. It is crucial to have an attorney review the sales contract to ensure that all terms and conditions are legal and fair.

In conclusion, purchasing a yacht in Monaco is a substantial financial commitment, but if approached correctly, it can be a rewarding and enjoyable experience. By adhering to these steps, you can ensure that the purchase of your yacht is smooth, hassle-free, and in accordance with local laws and regulations.

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