Fractional ownership was originally developed as a way of owning private aircraft. The concept of fractional ownership has been expanded to include luxury yachts.

Spreading the acquisition and maintenance costs of a major asset over a number of owners has world wide appeal. Fractional ownership utilizes the asset more fully and makes ownership cost effective and attractive to a number of potential owners. Professional management eliminates almost all the work required by owners and makes yachting a most pleasurable experience for owner and guests.

The annual maintenance cost of a yacht is between eight and ten per cent of the acquisition cost. This includes all costs for captain and crew, insurance, registration, homeport docking, repairs, yacht movement to various ports of Call and, most importantly, a reserve for replacement of your yacht. The only costs not included are the direct costs incurred by an owner during his time of use of the yacht, such as food, beverages and fuel. Millennium International and Monocle Management of Ft. Lauderdale, Florida have agreed to cooperate with each other in bringing Monocle's extensive knowledge and expertise in fractional yacht ownership and management of yachts to Millenium's clients. Monocle "wrote the book" on fractional ownership and manages some of the world's finest yachts.

Monocle has a wide selection of yachts in its fractional ownership program. Through Monocle, Millennium has not only access to a wide variety of yachts in various price categories, but Millennium clients also have one of the best management companies handling every aspect of yacht ownership. Millennium and Monocle working together can bring you the best in yacht ownership.

www.monocleyachts.com