FAQ's

Why would sharing ownership of a boat be a major advantage to me?

1) Optimal usage

On average, a recreational vessel is used for about 50 hours or 25 days a year. Leaving a boat unused in its pen is just asking for trouble. When you boat share, you and your syndicate partners optimize usage of your boat... while you still get all the use you've ever wanted.

2) Reduced purchase cost

A share arrangement means you can purchase a vessel for much less or buy a larger vessel for the same amount.

3) Lower on-going costs

You pay only a fraction of the on-going costs, depending on your share. We find shared vessels are often maintained to a higher standard than boats with a single owner. Upgrades and replacement parts are much more affordable when you share the cost. A quarter-share boat owner explains, "everything is like it's on a 75% off sale when it comes to paying costs of upgrades and maintenance".

It makes sense to share, pen fees and maintenance costs are not getting any cheaper!

Who owns the vessel?

The vessel is owned by you and the other owners in the syndicate. Your Boat Equity Syndicate Owners' Agreement includes a share register which defines how ownership is shared. The agreement allows you to dispose of your shares, so you are free to market and sell your ownership in the vessel. Boat Equity Marine Brokers are specialists in this area. We can help you to value, market and sell your shares when you're ready.

How do I schedule my time on the vessel?

Use our easy management system (Pat.Pend) powered by the Boat Equity Management Software©. The system gives you access to a comprehensive range of services for an equitable and successful partnership. It eliminates potential problems by making autonomy the top priority and it's designed by people just like you, people who value independence, convenience and security.

Click here to play the tutorial video.

How much time would I get on the vessel?

	1/2 Boat Share	Very heavy usage	8 or 9 days per month
	1/3 Boat Share	Heavy usage	5 or 6 days per month
	1/4 Boat Share	Medium usage	4 or 5 days per month
	1/5 Boat Share	Medium/Light usage	3 or 4 days per month
	1/6 Boat Share	Light usage	2 or 3 days per month

How can I be sure the other owners will take care of the vessel as well as I do?

We carefully select like-minded people for you to share with and we use our social network to introduce you to each other in a way that preserves your privacy. For your added protection, Boat Equity covers this subject in detail in your Boat Equity Syndicate Owners' Agreement.

What is the duration of the syndication agreement?

The Boat Equity Syndicate Owners' Agreement is flexible. Its duration is up to you and the other owners. We recommend 2 or 3 years to help retain re-sale value. We also know from experience that owners may wish to upgrade or purchase a larger vessel after 2 or 3 years.

Are there any hidden costs?

No. The only additional costs come from decisions made by you, the owners. For example you might incur extra costs when you buy and install new equipment, when an insurance excess increases after a claim, or when your contingency fund needs a top up.

Who pays when another member damages the boat, or when the vessel breaks down?

Each owner signs the Boat Equity Syndicate Owners' Agreement or agrees to rules which include a requirement to insure the vessel at all times. If the boat is damaged, this limits the liability to an insurance excess. To provide for unpredictable expenses, your syndicate will set up a sinking fund at the initial AGM.

How do I find my dream boat and suitable syndicate partners?

Whether you want to purchase a boat or sell shares in a vessel you own, register your interest here or contact a Boat Equity representative. We'll help you to find your dream boat and we'll match you with suitable partners. Our social networking application will put you in touch, whilst protecting your privacy.

How is fuel divided up between owners?

Use the unique log system (Pat.Pend) in our Boat Equity Management System. It automatically calculates the fuel each owner uses and sends you the details in a monthly accounts report.

How is usage balanced between owners?

You don't need to fit in with a fixed schedule. Our Boat Equity Management System has an innovative and flexible way to share the use of the vessel. You are allocated a number of points, depending on your share in the vessel. You are free to use your points as you choose. Don't plan your life around a fixed usage structure,plan the boat around your life.

Ask your accountant or bank manager, it's simply financial good sense!

For more information please contact us.