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.

The yacht will be meticulously maintained in accordance with International Safety Management Standards (SM) and remain seaworthy at all times The captain and crew are trained in all aspects of maritime safety and luxury yacht operations.

Generally, there are a maximum of ten ownership interests (depending on the wishes of the owners, this may vary). Each ownership interest owns ten percent of each yacht and is entitled to four weeks of exclusive use per year. An owner may, of course, acquire more than one ownership interest.

Generally, twelve weeks per year remain in common ownership. This allows for seasonal movement of the yacht, dry dock maintenance and interior refurbishings, as needed.

If an owner is unable to use all of his alloted time, yacht management will arrange a charter for the unused time and take care of all charter details.

For an example of a charter contract Call or e-Mail us.