Can I choose equipment and specification?
The founding partner in a new syndicate can have some influence but in general we include an extensive array of extras.
How much will my yacht depreciate during the term of the syndicate?
Typically a well maintained, non chartered yacht in the Mediterranean will depreciate at a rate of about 7% to 10% per annum.
Can the inventory be expanded during the contract?
You can purchase new equipment for the boat provided 70% of the syndicate owners agree .
What are the outgoings apart from maintenance and repairs?
YSM charge a management fee and then there is the capital cost spread across the three years of the contract.
What is the configuration of the yacht?
The configuration is always the owner version.
Can I use my entitlement in a destination other than Turkey?
We can arrange delivery to any Mediterranean port with the cost being shared if the other members are happy to use their entitlement in the same location. Otherwise the delivery cost is met by the owner who wants to move the yacht and the delivery times would come out of his usage entitlement.
Can my friends use my entitlement?
Yes, provided the nominated skipper has the appropriate qualifications to be listed on the insurance policy.
Can I sell my share during the term of the syndicate agreement?
Yes. A share can be offered to the other shareholders then to the general market.
What is the price of a share?
1/6th of the price of the boat delivered to Turkey and ready to step on board
Syndicated Boat Ownership Explained
We professionally manage and run fractional boat ownership or yacht syndicate arrangements. You purchase legal equity in a boat and pay a portion of the maintenance expenses and running costs. For example if you own 1/6th (16.667%) of a yacht you only pay 16.667% of the running costs. It makes solid financial sense to not pay for the boat when you are not using it. Chartering the same yacht for 5 weeks each year for each of three years is around 48% more expensive than a YSM syndicate.