Getting a boat share is somewhere in between buying one outright or using a one time charter. The charter is acceptable for those who might only need the vessel once, like for a vacation. On the other hand, buying it might be considered overkill for someone who has no plans to love on the boat, or use it every single day.
Sharing ownership of the vessel circumvents many of these problems and offers flexible sailing dates and time on the water, while not requiring a large investment and the ongoing hassles and costs of single ownership. Sharing a vessel means not having to deal with issues like insurance, marine fees, etc. Probably the single biggest benefit is freedom from having to deal with the cost and trouble of maintaining the vessel.
Way it works is that there are boat share or fractional yacht ownership companies that manage the whole thing. People can buy actual shares that provide fractional ownership in the vessel. It could also be a timeshare arrangement where members simply pay annual membership fees and usage charges which are much lower than the cost of a charter.
A little bit of comparison shopping should help in scoring the best deal, since there are many variables to be considered. For example, one of the most important things is the amount of time each co-owner gets on the vessel and how and when to book these trips out on the water. Sometimes, the company may have a waiting period in between trips.
Also, there will be a need to book in advance, in order to avoid date clashes with the vessel's other co-owners. This has a big chance of happening during holidays and other peak periods like summer vacations, if there is no scheduling system. Also look into the details of the maintenance charges for the vessel, and how the company actually maintains it.
Depending on how big it is and what type of vessel it is, there may also be considerations about crew members and other add-on costs. The sum of it is that there's big savings to be had with a boat share. Co-owners can set sail at will and enjoy the freedom of owning a boat without having to pay for it. But it needs to be done after careful consideration of the terms being offered.
Protect Your Family With Commonwealth Life Perusahaan Asuransi Terbaik Indonesia
Sharing ownership of the vessel circumvents many of these problems and offers flexible sailing dates and time on the water, while not requiring a large investment and the ongoing hassles and costs of single ownership. Sharing a vessel means not having to deal with issues like insurance, marine fees, etc. Probably the single biggest benefit is freedom from having to deal with the cost and trouble of maintaining the vessel.
Way it works is that there are boat share or fractional yacht ownership companies that manage the whole thing. People can buy actual shares that provide fractional ownership in the vessel. It could also be a timeshare arrangement where members simply pay annual membership fees and usage charges which are much lower than the cost of a charter.
A little bit of comparison shopping should help in scoring the best deal, since there are many variables to be considered. For example, one of the most important things is the amount of time each co-owner gets on the vessel and how and when to book these trips out on the water. Sometimes, the company may have a waiting period in between trips.
Also, there will be a need to book in advance, in order to avoid date clashes with the vessel's other co-owners. This has a big chance of happening during holidays and other peak periods like summer vacations, if there is no scheduling system. Also look into the details of the maintenance charges for the vessel, and how the company actually maintains it.
Depending on how big it is and what type of vessel it is, there may also be considerations about crew members and other add-on costs. The sum of it is that there's big savings to be had with a boat share. Co-owners can set sail at will and enjoy the freedom of owning a boat without having to pay for it. But it needs to be done after careful consideration of the terms being offered.
Protect Your Family With Commonwealth Life Perusahaan Asuransi Terbaik Indonesia
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