| Have you ever had the desire to captain your own | | | | "77/23" program for bareboat charter owners has |
| charter yacht in the Caribbean while earning charter | | | | been aligned with that of the Crewed Yacht Industry |
| revenue? Being the Captain of your own charter | | | | and simply can not be beat! Along with this program is |
| yacht is a fun and easy way to finance a relaxing | | | | our "Yacht Exchange Policy" that gives owners the |
| lifestyle while having the time of your life in the | | | | opportunity to trade time out against charter potential |
| Caribbean. There are a number of charter business | | | | on an unlimited basis worldwide. |
| opportunities available in the market, ranging from | | | | Bareboat charter yachts in The Catamaran Company |
| "fully-managed" yachts (typically bareboats) to | | | | fleet are typically in the 38'-50' yacht range. Feel free |
| completely hands on "owner-operator". Buying a yacht | | | | to browse our charter proformas for performance |
| with an established charter history and existing | | | | estimates. |
| bookings is a great value for a quick start business | | | | Crewed Yachts |
| plan and is easier than you think. | | | | Crewed yachts have a permanent live-aboard captain |
| Below you'll find a selection of 38ft-70ft charter | | | | and cook/hostess (These could be you!) The crewed |
| vessels for sale that can facilitate owning and enjoying | | | | yacht option is perfect for those hands-on owners |
| a charter business in your ideal location. If you let me | | | | who wish to run their own vessel and live the cruising |
| know some of your objectives, with my 14 years | | | | lifestyle and also for those owners who want their |
| experience in the charter industry, I can help direct you | | | | captain and/or chef to live-aboard and take care of |
| to a yacht that will be a perfect fit and can help advise | | | | the yacht and guests while waiting for them to come |
| you on every aspect of your charter business plans. | | | | back and enjoy. |
| There are also unique tax benefits to chartering your | | | | If you want to operate your own yacht as captain, a |
| yacht. Our recreational tax advisor can work with you | | | | crewed yacht (either power or sail) will be ideal. The |
| and your accountant to best structure your tax | | | | crewed arrangement allows you the maximum in |
| strategy. | | | | flexibility of location, utilization and itinerancy. |
| Yes, it is very simple to purchase a yacht that is either | | | | The Catamaran Company offers a crewed yachts |
| managed in a charter fleet or a yacht that includes a | | | | program. CATCO has trade licensing in the BVI, no |
| charter business with bookings and marketing already | | | | need to get your own, and can facilitate work permits |
| in place. | | | | for crewed yachts. By placing your yacht in our fleet - |
| TIP* | | | | all licensing/permitting, marketing, booking is handled by |
| Buying an existing charter yacht that already has a | | | | us, no worries. |
| good reputation in the charter market with existing | | | | CATCO currently manages typically 38'-50' yachts in |
| booking information online and marketing and sales | | | | bareboat and 40'-150' crewed yachts. We welcome |
| material is an excellent value. | | | | any discussions to place your yacht in our charter |
| IS IT REALLY WORTH IT??? | | | | fleets! |
| Living life the way you want is priceless. But really, how | | | | TIP* |
| much is it going to cost? Earned income depends on | | | | If you want to run the yacht yourself, a crewed yacht |
| the type of chartering you choose: | | | | will be your best option. |
| In bareboat (fully managed without full-time crew) - the | | | | There is no sales/income tax or import duty for |
| boat income will cover its basic operating expenses | | | | charter yachts in the British Virgin Islands (BVI). This |
| and typically give the owner a contribution of income | | | | and the beautiful waters available 12 months a year |
| that will cover a principal and interest payment, | | | | make the BVI a successful charter location. Over the |
| generally assuming a 25% down and 7% financing | | | | course of the last few years the British Virgin Islands |
| over a 20year term. | | | | have proven to be one of the most fertile grounds |
| With Crewed - the boat income will typically cover the | | | | anywhere in the world relative to the generation of |
| majority of operating expenses, including crew's | | | | income for the charter industry. Our charter fleet in |
| salaries + insurance, but will provide minimal additional | | | | Tortola, BVI can attest to that success; our bookings |
| income for covering the financing expenses. | | | | were up 29% in 2006 over 2005 and advanced 2007 |
| There are also added TAX BENEFITS to chartering | | | | bookings are already up 21%. |
| your yacht. | | | | Among the BVI, popular charter vessel locations are |
| The real value is your own enjoyment - sailing your | | | | scattered throughout the Caribbean (high season in |
| own yacht in beautiful, pristine surroundings, cruising the | | | | winter), Mediterranean (high season in summer), your |
| waters of your choice. | | | | local ICWs and even remote locations such as Alaska. |
| Bareboat Charter | | | | -- Where do you want to enjoy your yacht? |
| Bareboat charters are usually based out of one | | | | TIP* |
| location and are a hands-off charter management | | | | You don't need to wait for your captain's license to |
| option for the owners. The charter company handles | | | | operate a vessel in the BVI. |
| bookings, marketing and maintenance ... all the owners | | | | Our documentation agents will advise you on the best |
| need to do is enjoy sailing their yacht and cashing their | | | | way to own and document your charter business |
| income checks! | | | | yacht (the most common are USCG documented |
| Most catamarans in The Catamaran Company | | | | LLC's and Caribbean documented International |
| (CATCO) charter fleet fall under this program. This in | | | | Business Corporation i.e. IBCs) |
| itself is a great investment, but along with this CATCO | | | | Yes, it is very simple to purchase a yacht that is either |
| offers the highest rate percentage return of charter | | | | managed in a charter fleet or a yacht that includes a |
| revenues than any other company in the industry. Our | | | | charter business with bookings and marketing in place. |