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Your money is pretty safe, but pay by card to be sure

With Yacht Ventures there is no limited company involved, which means your money is relatively safe. The business is a sole tradership; the proprietor, Chris Gill, is personally liable for its debts. So your payments to Yacht Ventures can be lost only if Chris does a runner, or goes bankrupt. Both are a lot less likely than the liquidation of an operating company with negligible assets (something that happened in 2004 to several big-name yacht charter companies, and is very likely to happen in 2009, given the circumstances).

But, of course, such things are possible. To deal with these possibilities, it's best to pay by credit card. Under Section 75 of the Consumer Credit Act 1974, a supplier of goods or services and the grantor of credit for that supply are equally liable for fulfilment of the contract – so if Chris runs off with your cash you can reclaim it from the credit card company. (This is true only for transactions worth over £100.)