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VIDEO: Dispute settled

The 260-foot superyacht previously owned by former Apple co-founder Steve Jobs is free to set sail now that a multimillion-dollar dispute with the boat’s designer was recently settled.

The designer of Steve Jobs’ $137 million 260-foot Feadship Venus said he was still owed $3 million for his work on the custom aluminum superyacht Venus.

Docked in the Port of Amsterdam, the yacht was impounded after designer Philippe Starck hired a debt-collection agency to attempt to remit the final payment of his commission, according to a CNN report.

The lawyers for Starck’s design company, Ubik, said Starck had only gotten 6 million of the 9 million euros for his design work of the interior of the yacht, according to a Reuters report. He wanted the remainder of the money before the yacht is released. Terms of the settlement with Jobs’ estate were not disclosed.

Click play for a full report on the dispute.

Powered with twin MTU 16V 4000 M73 diesels, the yacht carries a beam of 39 feet and draws 10 feet, according to the website

Self-designed by the late Apple co-founder Steve Jobs in partnership with Starck, Venus superyacht has a streamlined, minimalist exterior profile. Her naval architecture is by De Voogt Naval Architects.

The main deck is high above the water, and photos show what appear to be tender doors on both the port and starboard sides of the stern. A hot tub sits in the middle of a huge aft deck.

Venus is fitted large windows throughout – 40 feet long and 10 feet high in the hull sides. The vessel is equipped with seven 27-inch iMac computers.

"These guys [Jobs and Starck] trusted each other, so there wasn't a very detailed contract," Roelant Klaassen, a lawyer for Ubik, told Reuters.