• They limit the fleet to a manageable size so they can take excellent care of their customers and boat owners. Members 25,442. The ones I prefer are TMM Yacht Charters (www.sailtmm.com ), Horizon Yacht Charters (www.horizonyachtcharters.com ), The Catamaran Company (www.catamaranco.com ), Voyage Charters (www.voyagecharters.com ), and VIP in the U.S. Virgin Islands (www.vipyachts.com ). If you are looking to retire in the next 3-5 years and want to go cruising, the Guaranteed Income program may be a good option for you. • It may take even longer to sell the boat if the market is saturated with charter boats similar to yours — for example, in the Caribbean. I should note that different charter companies have different management contracts. Transfer of ownership: $103.50: Surrender of consent: No charge: Triennial mooring inspection costs : Remain between mooring consent holder and the mooring inspection contractor. Carefully assess which is best for you. I cannot stress enough the crucial importance of reading the contract extremely carefully and negotiating any clause you don’t understand or feel 100 percent comfortable with. But as you can imagine, they don’t all equally deliver, and there are things they won’t necessarily volunteer to tell you. We took a look at the pros and cons of … MDC transferred ownership of The Moorings Yacht & Country Club properties to the Club's membership in 1991. Sunsail and The Moorings have been around for more than 50 years, offering sailing holidays to their customers. So as you can see, your choice here can drive you in two very different universes. Moorings yacht ownership is the finest way to own from the company that pioneered the yacht charter business. Many moorings will be subject to some form of byelaw control: Foreshore: This can be coastal, tidal or inland. There are two large charter companies for the U.S. market: The Moorings, with around 850 boats and 30 bases (www.moorings.com), and Sunsail, with 1,000 boats and 25 bases, plus several land resorts (www.sunsail.com). In a nutshell, big companies are better suited for owners who are happy with limited use of the boat and want a headache-free, financially predictable, not-too-emotional/personal kind of ownership. There are many reasons why most people prefer owning a boat. Estelle Cockcroft of Catamaran Guru explains how different yacht charter management programs work. At the end of the ownership program, you might wish to keep your yacht for personal cruising or living aboard, but The Moorings offers other options, as well. Like boat types, not all chartering areas bring in the same charter income. The luxury extends inside with modern finishes, a I kept the boat for 3 years afterwards. Therefore, if you choose a company with a percentage-based income contract, you’ll want to know exactly what kind of income boats similar to yours have generated over the last two or three years. For example, catamarans are becoming the workhorse of the Caribbean charter fleet. Each yacht carries state-of-the-art equipment and a variety of on-board amenities. Register Log In TravelTalkOnline Forums British Virgin Islands moorings ownership program: Portal Forums Birthdays Active Threads Forum Help: Forum Statistics: Forums 39. That’s when some owners really start to panic and begin to get “upside down” on their mortgage — in other words they owe more money to the bank than the boat is realistically worth. Also, there’s some limit on usage in high season. Topics 30,519. Jeannius 83. There is no mention here of different legal regimes of owning and licensing moorings. Ownership in a charter management program can provide solutions to the financial and practical disadvantages of traditional private ownership. Moorings monohulls are crafted to our strict specifications by Beneteau. Waikato Regional Council visitor mooring rentals. The season of giving thanks is among us. Using the boat a lot will make ownership less expensive than chartering, not to mention the enjoyment you’ll get. • There’s no flexibility if you want a boat make or model they don’t offer, or if you want additional custom features or equipment. (This area is my longtime favorite.). So you’ve been chartering often and loving every minute of it. All e-mails from the system will be sent to this address. If you’re not satisfied with clauses that are important to you, consider walking away. The boat is moored on a CRT mooring at an ideal spot, any necessary move would be detrimental to the business. Yacht Ownership. However, make sure you consider all negative factors carefully. Boat Buying Process, Few charter companies actually say this, but if you have been led to believe that buying a charter boat is a profitable investment in any way, I’ve got some news for you: It’s anything but that. Both offer two ownership programmes: the guaranteed income and the option-to-purchase programme. So you’ve been chartering often and loving every minute of it. • You can sail boats similar to yours at bases around the world at no extra cost. And remember, don’t get emotional about this; deal with facts and numbers only. This fact has been recognized over and over by charter boat owners. Fractional ownership is just what it sounds like—you buy a piece of the yacht, or a fraction of the yacht, instead of owning it from stem to stern. All rights reserved. Our award-winning charter fleet now includes more than 400 yachts in 20+ destinations across the Although they are distinct companies, both now are owned by TUI Travel PLC. Charter boat ownership is a great way to enjoy sailing for a few years without major expenses, while charter income pays for some or all of the mortgage (more about income and finances later). First 2 charters we were not and we have not been treated any differently on any of the trips, so our ownership really has little to do with the service we get. As with any large expenditure, you must do some significant homework beforehand. I have received conflicting stories from different people in the industry. Stop reading and forget it. We checked in at the Moorings desk and headed to the boat. • For some owners, it even gives bragging rights. Posts 229,163. (My Web site, www.sailonline.com, offers spreadsheets for detailed financial projections on the purchase and financial management of charter boats.) Very briefly. > > What about a Moorings type ownership? Designed to replace the award-winning Moorings 4800. If you answer no, that’s not good. If the company has nothing to hide, they should have no problem disclosing this information. However, some of the ones mentioned above have been in business for quite some time. You are here. Every year, and particularly at every boat show, we see more and more discussions around “Boat Ownership as a Business”. Similarly, don’t count on the charter income for anything other than paying the mortgage. > Does anyone have any experience with a 'Moorings' or 'Sunsail' yacht > ownership program. Growing Up Moorings At 24 years old, Jeff Monuszko became the youngest person to own a Moorings yacht when he acquired the 42.3 monohull “Luff Out Loud” in 2015. Obviously, your choice of boat will stem mainly from your budget. Owning a yacht in a charter fleet is one viable option and owning a yacht privately has its advantages too. (Again, www.sailonline.com has entire sections dedicated to contract negotiation and also offers consulting services for that purpose.). There are three options once the program has ended: private use, place the yacht in a second tier charter operation for another 5 years, or sell the boat. In celebration of 50 years, we thought we would sit down with The Moorings Yacht Sales Manager, Jean Larroux, and take a trip down memory lane. With its spacious upper lounge area and similar details and deck plan to the award-winning Moorings 5000, this mid-size sailing vessel is as functional as … Or find a charter company that offers a buy-back guarantee with a fixed price at the end of the contract. Times, Sunday Times (2013) Show more... You can walk the main … The anchor in a screw-in mooring is a shaft with wide blades spiraling around it so that it can be screwed into the substrate. • Selling a used charter boat at the end of the management contract may be a long, frustrating experience. Home › Yacht Ownership. During the course of your contract negotiation, ask the charter company to show you the listings of real bookings in boats similar to yours and at the base you will choose. And although you might find some price differences between companies for similar boats — mainly because of equipment differences — it usually comes down to, “You get what you pay for.”. Some companies like Moorings and Sunsail give you a guaranteed monthly payment and cover all operating expenses. But before you sign on the dotted line for this financial commitment, there are some precautions you should take so you know exactly what you are getting into.