[SJSAMPLE]

I don’t know about yachts, but consider homebuilding.

If you pay a contractor to build you a house, and that contractor takes your money, builds you a house, but does not pay his suppliers (brick, tile, services, etc.), those supplies may place a lien on your property, even though YOU paid the contractor. The house is the expression of the fraud.

[cuz_it_aint_their_money]

Unless you get a “stipulation against liens” which states that as long as you pay the general contractor, the subs cannot place a lien against your property.
Believe me, it comes in handy when your general contractor declares bankruptcy and leaves his subs hanging.