MarineBusiness-World.com
 
 
News Home Photo Gallery Cruising USA Cruising Int
Sail-World.com : The argument for fractional ownership of your sailing boat
The argument for fractional ownership of your sailing boat


'All yours - for six weeks a year!'    .

Fractional rigs are one thing, not usually much good for the cruising sailor, but what about fractional ownership? Will this let you own the yacht of your dreams, without the huge outlay and relentless bills? Let's face it, many sailing boats (and power boats too) sit in the marina for the bulk of the year - so why not share with compatible sailors?

So, faced with uncertain economic times, an increasing number of people are pooling their resources to buy up and then share their yachts through fractional ownership initiatives.

Is sharing the new way to go sailing? Not really. It has been around for over 20 years, but, as costs soar many yacht owners are realising how practical shared ownership can be, particularly when the sharing is run by a professional organisation who looks after the boat and the sharing arrangements.

Fractional ownership models work upon a basic principle: That things you don't use all the time are worth splitting costs over.

The concept was first introduced to the field of luxury travel in the 1980's by forward-thinking firms such as Netjets, who brought together buyers to purchase private jets using a time-share-like model.

Today, internet savvy companies like Flyvictor, who arrange shared time in aircraft, have constructed their own market-based version of the fractional ownership model.

'We're helping the (corporate aviation) industry to become more efficient by allowing owners to charter their aircraft through the victor platform and allowing people who want to charter a jet -- not own a jet -- and take all the benefits of flying private to and from destinations,' explained Flyvictor founder, Clive Jackson.

Flyvictor's website acts as a forum where owners or co-owners can advertise their jets for charter or hire. Those looking to fly solo or band together with fellow travelers meanwhile can browse to see what's on offer.

These same principles of savings and efficiency are at the core of yachting company, Monocle, which aims to bring fractional ownership to the high seas.

According to Monocle president, Loren Simkowitz, sharing guarantees the benefits of ownership without the hassle and expense of full management.

'It's the high cost ... that drives people out of yachting,' he told CNN recently. 'Most people use (a yacht they purchase) three to four weeks a year. The rest of the time it sits around as an idle asset depreciating. You spend more time managing the boat than your business,' he added.

Not all fractional boat owners own a boat where they live. Owning a fraction of a boat in the Caribbean or in Thailand can offer the benefits of a great holiday with sailing in an idyllic location.

With an increasing number of high-net-worth individuals looking to save money where they can, Simkowitz believes those opting for fractional ownership plans will only increase in the coming years.

'I think it's the wave of the future,' he continued. 'People are much more fiscally prudent with their money. People don't want to be tied down to an asset they use infrequently. They're smarter than they were in 2000,' he added.


by Renate Goodman/Sail-World Round-up

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=114938

1:08 AM Wed 25 Sep 2013GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.








Cruising Canada



Baby Nemos finding their way home by ARC Centre of Excellence Coral Reef Studies,










The real ‘Supermoon’ story by Sail-world.com,




Sailor rescued after Facebook call for rescue by RNLI/Sail-World Cruising,












The Galley Guys' favourite shrimp recipe by Andy Adams and John Armstrong,










The final touch - which wax should I use on my boat? by Martin Flory/Sail-World Cruising,


ARC Baltic sets sail to discover Europe's 'east sea' by World Cruising Club/Sail-World,








Heart-stopping moment as whale capsizes Zodiac by Sail-World Cruising round-up,


If we stop killing parrotfish we can bring back Caribbean coral reefs by ARC Centre of Excellence for Coral Reef Studies,


Climate change could stop fish finding their friends by ARC Centre of Excellence for Coral Reef Studies,














Captain Phillips and Obama admin wants pirates' nests eradicated
Sail Estonia: a VERY new idea
Tie This 'Lifesaving' Bowline in Seconds - the easy way!
A Beer Bummel on the Thames River
Online weather routing - possible? Predict Wind says yes
Why Boats Sink: Ten best tips on prevention
The North West Passage calls: Who will answer this year?
Polish adventure sailor in second try at North West Passage
Whale research - new techniques expand for non-lethal methods
Jessica Watson, solo sailing star, four years on...
Americas solo non-stop circumnavigator crosses Pacific for research
What is an El Niño and how will it affect my sailing? (Part 1)
The Dinghy Nav Light Solution- a brilliantly dumb idea
Spike in water temperatures evidence of ‘irreversible’ El Nino *Feature
Sailing crew's battle to save yacht lost in the Indian Ocean
Five Top Tips for selecting the best boatyard
Tips for selecting the best boatyard
Composite Rigging launches new campaign for ECsix
When is a Captain not a Captain?
Free app for managing your yacht
Amazing MOB survival - 13 hours floating, rescued by fishermen   
Boater hit by lightning survives: 'It was the worst pain ever'   
Inauguration of the new Yacht Club Monaco - Images by Carlo Borlenghi   
Lessons for sailing clubs - how does YOURS rate?   
Turkey's new cruising black/gray water rules, skipper qualifications   
Giving up the luxuries of a life on land for Lizzy Belle   
Dehler 46, 'serious' cruising boat, debuts July   
SV Mystic to carry out OHPRI teen summer camps and voyages for adults   
Australian rescuers get bravery medal for rescuing Russian sailor   
Sailors and windfarms: Largest ever UK wind project approved   
Cooking at Sea? Which cook book should I buy?   
Fraudulent yacht broker gets jail for twelve months   
Jimmy Buffett's Margaritaville joins Summer Sailstice   
Boat buying scams and the Red Flags to watch for.   
Retired yachting star to sail again - for the love of her boat   
The mouse is roaring. Newport mooring owners don't want docks   
Being a guest on someone's boat - 8 Tips to get you invited again   
Bounty sinking Coast Guard final report: rot, decay, low standards   
Carbon monoxide poisoning on boats - it keeps happening   
Own a romantic Skipjack for just $10,000   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News








Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW Cru CA
LocalAds   DE  ES  FR  IT