How It Works
Yacht Share Mariner offers Australian, New Zealand, and other global sailors, luxury boat ownership in Europe and Australia. Cruising to some of the most interesting and extraordinary ports in the world on your own yacht is easier than you think.
Each yacht in the syndication program has a maximum of 6 ownership units but one owner may hold more than one share.
| Affordable yacht ownership without the hassles
An owner may purchase more than one unit. The term of the Syndicate Agreement is three years at the end of which the yacht is sold with the proceeds split amongst the owners, or the syndicate agreement is extended.
An owner may offer his or her unit(s) for sale at any time.
| No charter, therefore better preventative maintenance
Our syndicated yachts are not offered for charter at any time.
The syndicate has a contract with Yacht Share Mariner for the management of the yacht.
Sailing at Your Leisure
Up to nine weeks are allocated to each 1/6th ownership unit during the year, with the maximum usage allocated to the peak/shoulder Mediterranean season being the “most desirable period of use given the region and seasonal climatic conditions (Generally April to November) and the remaining time allocated equally amongst the owners during the off-peak season.
Two to three days are allocated between each owner’s usage to allow adequate time for turnaround and preventative maintenance and at least 2 weeks for annual winter maintenance.
The Mediterranean yachts operate from our base in Marmaris, Turkey where the Yacht Marina offers the best facilities in the Mediterranean.
Although based in Marmaris, the yachts can be delivered to other ports.
| Assistance with itinerary planning
For example, one optional plan is to operate in Greece and Turkey in year 1, Croatia in year 2, France and Italy in year 3.
The boat will be delivered to and returned from each cruising area at the beginning and end of the peak season with delivery fees shared among the owners.
First Syndicate Member Advantages
When you become the first member of a new YSM boat ownership syndicate you will become the buyer of the new boat with your order placed directly with the boat builder. YSM fills the broker role and takes care of all the details including foreign currency.
You will then have the chance to specify the factory options and cruising equipment. Your deposit will guarantee the arrival date of your new boat so you can plan your future holidays on the water.
During the build time, which can take up to 2 years, YSM will market and sell the shares in the boat with the support of the builder’s agent, so the deposit will be your only outgoing. The yacht is much easier to sell when the completion date is known.
YSM works with the most exciting brands in the mono-hull and catamaran worlds – Dufour and Fountaine Pajot.
As the shares are sold your new partners will sign the syndicate agreement governing the equitable use of the boat and the management of the expenses.
When the six shares in a Mediterranean boat are sold the owners can then collectively decide about the additional factory and other options that may not have been included in the initial package. In this case of course the cost is divided between partners by YSM the manager.
You will also see a direct financial benefit; as the financier, your share will be cheaper.
You might be concerned about the shares not selling but the risk is almost eliminated by a builder buy back clause in the case of Fountain Pajot and Dufour.
Service, Maintenance and Repairs – Mediterranean
Our partners in Turkey, SK Yachting, manage a large fleet of yachts for absentee owners and all of the expenses incurred in the service and maintenance of the yacht are billed at cost to the owners in Australian Dollars via Yacht Share Mariner in Australia.
These costs include:
• Berthing of the vessel in a full service marina
• Comprehensive Insurance for the vessel
• Cleaning of the vessel after use
• Annual slipping
• Annual antifouling and hull polishing
• Engine services – two per year
• Sail-drive/leg service – one per year
• Regular engine check-ups including top-ups on oil, batteries, water, etc
• Vessel maintenance at approved facilities
Note – repairs requested outside of the home base may attract a charge for the owner requesting the repair
• Laundry service at turnaround
• Underwater hull scrubs – two per year
• Travel and accommodation for technical maintenance supervisor to ports other than Marmaris or St Martin for the purposes of carrying out the maintenance works.
| Shared exposure to operating expenses and capital depreciation
Estimated maintenance fees are charged quarterly in advance to each unit holder.
Actual maintenance fees are charged at cost to each unit holder at the exchange rates applicable at the time of invoice – plus related bank charges – and applied against the quarterly payments with a reconciliation at the end of each year.
Management Fees are charged in Australian dollars quarterly in advance to each unit holder.
| Single point of contact in Australia – same language, same time zone
Management fees include but are not limited to:
• Trust accounting and reporting
• Invoicing and receipting for all maintenance and management fees
• Management Support
Walk on walk off service
• Management of the use of the vessel in accordance with the syndicate agreement and rule book
• Coordination of all maintenance activities for the vessel
• Coordination of vessel readiness for each unit holder
• Coordination of vessel return by each unit holder
• Coordination of delivery of the vessel to alternative cruising areas
• Assistance with pre-departure planning
• Assistance with itinerary changes during the cruise as requested
• Annual inspection of the vessel
“We have had a great five years with our boat in the Caribbean but I have drawn the short straw and landed the job of doing all of the operational stuff. I want a syndicated ownership situation without me having to do all the work”