| Fractional boat ownership offers a smart, flexible, and | | | | total purchase price and the percentage of the vessel |
| convenient alternative to owning a vessel. Given the | | | | purchased. The buying in price can range from a ten |
| financial costs as well as the time commitment to | | | | percent ownership to a quarter ownership - this often |
| maintain a sail or motor-driven yacht in a sound and | | | | depends on the rules governed by a specific scheme. |
| seaworthy condition, boat share agreements have | | | | In some cases, it's a one time fee to purchase a share |
| seen recent surges in popularity. And these yacht | | | | of the vessel, with the usage allowance based on that |
| share programs often eliminate most if not all of the | | | | share entitlement. |
| pitfalls that come with boat ownership. | | | | A separate fee is than paid on an annual or monthly |
| A multitude of management companies are now | | | | basis to cover the operating expenses. This includes all |
| entering into this arena of shared boat ownership. With | | | | the major costs, such as insurance, moorings or |
| the management companies taking on the | | | | storage fees, maintenance, fuel, and safety and |
| responsibilities of all the maintenance, handle the | | | | associated gear. With these fees split between the |
| scheduling, financial concerns, and other such | | | | number of owners. |
| obligations of owning a vessel. | | | | These fractional boat ownership programs offer a |
| These schemes are able to operate at a fraction of | | | | viable option to start out in boating with the opportunity |
| the cost of individual boat ownership. The initial fee to | | | | to enjoy a sailing vacation in a variety of scenic |
| start out in fractional ownership will be based on the | | | | locations across the world. |