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Category: Frequently Asked Questions

How much will my yacht depreciate during the term of the syndicate?

April 13, 2016
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?

March 31, 2016
You can purchase new equipment for the boat provided 70% of the syndicate owners agree .

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.

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 own

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

March 23, 2016
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.

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