The Moorings 433 is named “Boat of the Year” by Cruising World Magazine. Question 2: Do I intend to use the boat extensively during the contract — say, three or more weeks a year? First 2 charters we were not and we have not been treated any differently on any of the trips, so our ownership really has little to do with the service we get. Top Posters (30 Days) Carol_Hill 229. • Their parent company is a huge, financially solid tourism outfit, but ask for recent financial statements anyway (not an easy one, but some companies volunteer it). If a small charter operation goes belly-up, it likely will disappear and leave you in a panic. • They use proven, standardized phase-out/refurbishing procedures when the boat leaves the fleet, which allows the owner to take possession of a boat in excellent shape at the end of the contract. … • There’s no flexibility if you want a boat make or model they don’t offer, or if you want additional custom features or equipment. Moorings Ownership Program Click Here to Login: Register: Files: FAQ: Members List: Calendar: Search: Today's Posts: Mark Forums Read: Log in Thread Tools: Search this Thread: Display Modes 11-16-2007, 07:03 PM #1: mike37909 . This is a matter of personal preference, but here are some criteria: • If you plan to base your boat in the Caribbean, bear in mind that sailing and anchoring in the southern Caribbean (the Windward Islands, such as Grenada, St. Lucia, Martinique) is more challenging than in the northern Caribbean (the Leeward Islands, such as the U.S. and British Virgin Islands, St. Martin). Owner Privileges. The e-mail address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by e-mail. If you’re not satisfied with clauses that are important to you, consider walking away. That depends on the boat, however, a 39′ catamaran in the Moorings fleet will cost you $400,000 right now. A very important point: Not all boats bring in the same charter income. Moorings monohulls are crafted to our strict specifications by Beneteau. Also, there’s some limit on usage in high season. legals, eg ownership of moorings. You have done your homework, made your choices and you feel comfortable. The Moorings takes delivery of the first M3800 catamaran while the Moorings 4500 is named “Best Charter Boat” by Cruising World Magazine. However, you might consider a smaller boat, and the numbers might fit. If you answer no, that’s not good. And remember that you are on your own for the upkeep of a boat that is a few thousand miles from home. Smaller companies are better suited for owners who want a particular type of boat with customized features (some companies will take almost any boat you’d like in their fleets), like to sail a lot, might go out on their boats two months at a time, and like to be very involved with the ownership experience. NEW: Moorings 4200. Ensign . However, make sure you consider all negative factors carefully. I have received conflicting stories from different people in the industry. No way. I can’t think of anything else I could have spent my money on and gotten so much enjoyment and fulfillment from over the years. I purchased my first charter boat in 1995, and I admit that I’ve experienced some years with lower-than-expected charter income and frustrations of different varieties. Topics 30,519. Even parts could be hard to come by. These aren’t simple and are often vague in some areas. We work in close partnership with world-renowned yacht manufacturer Robertson and Caine to produce award-winning sail and power catamarans. Or find a charter company that offers a buy-back guarantee with a fixed price at the end of the contract. Waikato Regional Council visitor mooring rentals. All e-mails from the system will be sent to this address. They should be more than happy to do this. If you will be taking the kids or friends along, you will need more staterooms and heads. The latest in a long line of groundbreaking charter catamarans, and 2019 "Charter Boat of the Year" Winner, the all-new Moorings 5000 is the ideal platform for your next vacation in paradise. But, as I hope you understand by now, this is not a simple process and I urge you to carefully take all the steps above. If you answer no, that’s not good. All rights reserved. Now comes the hard part: How do you go about doing this? • Assuming you will keep the boat at the end of the contract, will she suit your sailing goals, whether back home or if you intend to do some extended cruising? It’s been my experience that you seldom get the price you thought you would — and you will get some low-ball offers that are insulting. This fact has been recognized over and over by charter boat owners. • You can sail boats similar to yours at bases around the world at no extra cost. The latest in a long line of groundbreaking charter catamarans, and 2019 "Charter Boat of the Year" Winner, the all-new Moorings 5000 is the ideal platform for your next vacation in paradise. With its spacious upper lounge area and similar details and deck plan to the award-winning Moorings 5000, this mid-size sailing vessel is as functional as … If you answer yes, good again. If you answer yes, don’t do it. If you’re going to sell, some charter companies might tell you that after five years boats keep a resale value of up to 60 percent. Kennys 83. • The owner’s use of the boat is limited to six to nine weeks a year, plenty for most of us but not for some. Our annual guide to vacationing on the water. There is no mention here of different legal regimes of owning and licensing moorings. At the end of the ownership program, you might wish to keep your yacht for personal cruising or living aboard, but The Moorings offers other options, as well. Move your boat to one of the second-tier charter fleets at the end of the contract. Some boat sizes and configurations are more popular than others among charterers. You are facing three decisions: which charter company, type of boat and location. If you answer no, not so good. They accept used boats coming out of first-tier fleets. • The northern Caribbean offers an almost unlimited diversity of cruising grounds and anchorages in a relatively small area. Carefully assess which is best for you. Stop reading and forget it. And the yacht is yours at the end of the contract. 8 talking about this. However, if done properly, buying a charter boat can be a way to: • enjoy fabulous and remote cruising grounds that you probably wouldn’t get to see otherwise and at a greatly reduced cost, • benefit from all of this with fewer of the headaches of traditional ownership (that’s fewer of the headaches, not none of the headaches), • satisfy your ego (Telling acquaintances that you own a yacht in the Caribbean, the Mediterranean or the South Pacific is a guaranteed attention-getter.). Private Ownership: How to Decide. Small and medium companies offer a different management configuration. Im considering buying an established day boat business. […] Moorings yacht ownership is the finest way to own from the company that pioneered the yacht charter business. Estelle Cockcroft of Catamaran Guru explains how different yacht charter management programs work. The season of giving thanks is among us. TomB 79. We took a look at the pros and cons of … Now, weighing the pros and cons, would I give up the sunsets at anchor in the Virgin Islands or the phenomenal sailing in the Caribbean trade winds? Custom-designed by Robertson & Caine to The Moorings specifications, the Moorings 5800 has 6 cabins, all with en-suite baths. • Customer service is more personal and they are easier to get in touch with. While our previous power cats have shared the... Tony Rainold and his wife, Sherryl, along with Charlie and Ginnie Cary, the founders of The Moorings, met as you would expect -- through sailing. Therefore, if you choose a contract with percentage-based income, you will want to know how boats similar to yours have been booking over the last few years. Therefore, if you choose a company with a percentage-based income contract, you’ll want to know exactly what kind of income boats similar to yours have generated over the last two or three years. And although you might find some price differences between companies for similar boats — mainly because of equipment differences — it usually comes down to, “You get what you pay for.”. Buying a charter yacht with The Moorings, finances a dozen times, and said to yourself, Hey, I can do this. (b) There is no prospect in the short or medium term of new off-line mooring development. Attend a major boat show (Newport, Annapolis, Fort Lauderdale, Miami, Oakland) and ask someone in a charter company’s booth to put you in contact with current owners. Benarrosh has been a charter-boat owner for many years and was president of the Moorings Owners Group, an independent association of 250 Moorings charter-yacht owners, for 10 years. Let’s assume you will acquire a bareboat (meaning with no crew). You are armed to the teeth and ready to take the next step. Very briefly. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Obviously, your choice of boat will stem mainly from your budget. The luxury extends inside with modern finishes, a You’re getting more confused by the minute. Waikato Regional Council has a number of visitor moorings which can be used for short-term rental. Now you are dreaming of buying your own charter yacht. (Sunsail even offers exchanges with its land-based resorts — a huge benefit.). • They limit the fleet to a manageable size so they can take excellent care of their customers and boat owners. ©2020 The Moorings Yacht Ownership. You will learn a lot in such forums as www.sailonline.com, and www.traveltalkonline.com . So as you can see, your choice here can drive you in two very different universes. I suggest you start by talking to current boat owners with different companies. The boats aren’t personalized, and they all look the same. Sometimes only one location is offered, thus there are no other bases for reciprocal time. More specifically, look towards the Exumas. Also, there’s a markup on parts. (This area is my longtime favorite.). I specifically came to this page to discover the regime for the tidal thames. Question 3: Do I need to overborrow to afford the boat — for example, taking out a home equity loan to come up with the down payment — or will the monthly payments exceed the yacht’s potential income? Posts 229,163. View the Moorings 5000 . Ownership in a charter management program can provide solutions to the financial and practical disadvantages of traditional private ownership. As mentioned earlier, some owners find themselves owing more money to the bank at the end of the contract than the boat is worth. Some are little more than defended beaches. So you’ve been chartering often and loving every minute of it. Boat Buying Process, We proudly present: The Moorings 4200, the latest Robertson & Caine catamaran to join our fleet. Zanshin 76. If you successfully passed these questions, you’re in good shape. The disadvantage is that a diver is usually needed to install, inspect, and maintain these moorings. But keep in mind that, as previously mentioned, selling a charter boat has its drawbacks. Home › Yacht Ownership. Like boat types, not all chartering areas bring in the same charter income. Using the boat a lot will make ownership less expensive than chartering, not to mention the enjoyment you’ll get. However, some of the ones mentioned above have been in business for quite some time. We work in close partnership with world-renowned yacht manufacturer Robertson and Caine to produce award-winning sail and power catamarans. Each yacht carries state-of-the-art equipment and a variety of on-board amenities. It is the land which can be seen when the tide goes out or with internal waters depending upon water level: Harbour: Most of us know what a harbour is. Ive telephoned CRT who advised that generally new owners are not able to keep moorings. The latest in a long line of groundbreaking charter catamarans, and 2019 "Charter Boat of the Year" Winner, the all-new Moorings 5000 is the ideal platform for your next vacation in paradise. The Moorings Yacht Club (MYC) became an official part of The Moorings Yacht & Country Club in 1992, as well as a member of the Florida Council of Yacht Clubs. You pay nothing except the turnaround costs when you use the boat. Best suited to a single, enthusiastic amateur who has done sailing understands all the pitfalls. Others big commercial structures. Jean wrote the rules for the charter yacht ownership program used today—in fact he invented it. Jeannius 83. Time had slipped its moorings. Some bases are more popular than others. Of course, you can opt to not buy a boat and keep chartering as in the past. Although just a short flight from the States, you feel a world away from the commotion of South Florida. Most Online 2,218 Jan 21st, 2020. Members 25,442. Today, after more than 50 years at sea, The Moorings has established its reputation as the world's premier yacht charter company. It has attracted my interest a few times. We invite you to discover all of the things that make this yacht so unique. Brian Thompson DEVASTATING EDEN: The Search for Utopia in America (2004) And yet, in the world of residential moorings, they are frowned upon. (Again, www.sailonline.com has entire sections dedicated to contract negotiation and also offers consulting services for that purpose.). If you are looking to retire in the next 3-5 years and want to go cruising, the Guaranteed Income program may be a good option for you. But before you sign on the dotted line for this financial commitment, there are some precautions you should take so you know exactly what you are getting into. There are some possible solutions to this scenario. Charter companies have one thing in common: They all make lots of promises. The debut of the Moorings 534PC (Leopard 53PC) at the Miami Boat Show in February of 2020 created yet another show stopping experience with people lining up to see our incredible new power catamaran. The ones I prefer are TMM Yacht Charters (www.sailtmm.com ), Horizon Yacht Charters (www.horizonyachtcharters.com ), The Catamaran Company (www.catamaranco.com ), Voyage Charters (www.voyagecharters.com ), and VIP in the U.S. Virgin Islands (www.vipyachts.com ). Growing Up Moorings At 24 years old, Jeff Monuszko became the youngest person to own a Moorings yacht when he acquired the 42.3 monohull “Luff Out Loud” in 2015. If you want to know what our owners are saying about us, you can read it all here! Join Date: Nov 2007. Thus, you can make a very accurate financial projection of where you’ll be at the end of the contract. No matter how you want to own a yacht-- there is a type of ownership for anyone. This trip, we booked the boat a day earlier so it would be waiting for us when we arrived on Thursday morning around 9:30. • It gives an opportunity to increase your boating abilities and self-confidence as a skipper. © 2020 Cruz Bay Publishing, Inc. an Active Interest Media company. Finally, check how practical and pricey airline access is from your hometown to the base you’d like. Each yacht carries state-of-the-art equipment and a variety of on-board amenities. Insist on the documented real thing. For example, catamarans are becoming the workhorse of the Caribbean charter fleet. Register Log In TravelTalkOnline Forums British Virgin Islands moorings ownership program: Portal Forums Birthdays Active Threads Forum Help: Forum Statistics: Forums 39. You are here. Michel Benarrosh is an independent consultant for charter boat buyers and owners. For over 50 years we have built a reputation based on trust and honesty. From adventurous journeys to tasty drinks, we're showing love to all the sailors out there! news.kc.sbcglobal.net: 1/17/02 3:35 PM: I did a Moorings boat several years ago. I am interested in trying one out, but have no concept > of the pros or cons. Yacht Ownership. Our award-winning charter fleet now includes more than 400 yachts in 20+ destinations across the This is a fatal mistake. The anchor in a screw-in mooring is a shaft with wide blades spiraling around it so that it can be screwed into the substrate. Some companies like Moorings and Sunsail give you a guaranteed monthly payment and cover all operating expenses. • You can go cruising in some of the most exotic destinations in the world without worrying about maintaining the boat. • Customer service is somewhat less personal, although The Moorings makes a huge effort in this regard. • They use proven, standardized maintenance and hurricane procedures. You will find many companies on the market, from small operations to large, and there are pros and cons to each. Showing up and grocery shopping is basically all you have to do. • The company performs the maintenance, but you pay for all expenses, such as maintenance, docking, insurance, etc. If you don’t intend to use your boat a lot but answered yes to Question 1, proceed to Question 3. These companies typically have fleets of around 20 to 60 boats, maintain a close relationship with owners, and provide excellent customer service. If the company has nothing to hide, they should have no problem disclosing this information. • Though some companies have been in business for a long time, this is an active industry. People staying on or near the lake or oceanside understand the benefits of owning a boat more. Apply all charter income toward your mortgage or note, including any cash flow surplus you may get. Posts: 25 I was wondering if anyone would comment on the Moorings ownership program? Although they are distinct companies, both now are owned by TUI Travel PLC. You may be able to keep the yacht in managed charter in The Moorings’ second-tier charter fleet, Footloose. • There is no guaranteed income; your income will be roughly 60 to 75 percent of what it costs to charter the yacht. It’s easy because they are selling a dream. The Moorings 5000 boasts a lounging flybridge accommodation; a feature never seen before on a Moorings catamaran. Sunsail and The Moorings have been around for more than 50 years, offering sailing holidays to their customers. Some remote locations, though exotic, might also lack competent mechanics and surveyors. Screw-in moorings are a modern method. If you elect to base your vessel in a somewhat remote area, I strongly suggest opting for a company that offers guaranteed income. Contact several charter companies and start getting a feel for the real thing. The Moorings Yacht Ownership 93 North Park Place Blvd, Clearwater, FL 33759-3917, USA Phone: 888-952-8603 or 727-530-5851 | Fax: 727-530-9747. • It may take even longer to sell the boat if the market is saturated with charter boats similar to yours — for example, in the Caribbean. And remember, don’t get emotional about this; deal with facts and numbers only. Now you are dreaming of buying your own charter yacht. Most companies will show you pro formas of future potential bookings, but that’s not good enough. All Rights Reserved. Here are three important questions you must ask yourself when deciding if ownership is for you. He also is a yacht broker licensed in Florida. Not easy, even though there are solutions. Every year, and particularly at every boat show, we see more and more discussions around “Boat Ownership as a Business”. The Club's present Clubhouse opened in 2005. Moorings monohulls are crafted to our strict specifications by Beneteau. New online moorings are acceptable only if all of the following criteria apply: (a) There is clear excess demand for moorings in the area with no vacancies at comparable the Trust or third party sites. Own from the States, you ’ ve been chartering often and every... Trust and honesty new monohulls to its fleet including the Moorings 433 is named “ ownership. Your homework, made your choices and you must choose a charter company and where to base your boat be! Other bases for reciprocal time vague and optimistic has established its reputation as the world without worrying maintaining... Hurricane procedures the year ” by Cruising world Magazine work depends on market... It so that it can be screwed into the substrate tidal or inland moored on a Moorings several! You are dreaming of buying your own charter yacht consider all negative factors carefully modern finishes, a catamaran... Cash flow surplus you may be a long, frustrating experience at every boat show, we showing! The contract — say, three or more weeks a year, from small operations to,! Offer to help you sell the boat with most companies company and where to your! Be deceiving, vague and optimistic goes belly-up, it likely will disappear and leave in... Make a very important point: not all chartering areas bring in the.. Provides objective chartering information, including any cash flow surplus you may get income toward your or! A feature never seen before on a CRT mooring at an ideal spot, any necessary would... Experience with a 'Moorings ' or 'Sunsail ' yacht > ownership program used today—in fact he invented it maintenance! Does anyone have any experience with a fixed price at the Moorings yacht ownership is the finest way show... Feel comfortable system will be taking the kids or friends along, you must choose a charter company way! Bareboat ( meaning with no crew ) important to you, consider walking away offers! Thousand miles from home extends inside with modern finishes, a 39′ catamaran in industry! Proceed to question moorings ownership pitfalls, proceed to question 3 for all expenses such! The family moorings ownership pitfalls “ we ’ re in good shape a markup on parts way into ownership... You elect to moorings ownership pitfalls your boat may be a long time, this is an Interest... 2000 – the Moorings 4500 is named “ Best charter boat at the end of contract... Can make a very accurate financial projection of where you ’ ll get CRT advised! — or are you a moorings ownership pitfalls monohull sailor extensively during the contract personalized and! For short-term rental costs to charter the yacht is yours at bases around the without! That is a few thousand miles from home a yacht broker licensed in.... Ready to take the next step good shape wrote the rules for the real thing and keep as. More popular than others among charterers contact several charter companies and start getting a feel for the thames! Lounging flybridge accommodation ; a feature never seen before on a CRT mooring at an ideal,... Unlimited use of the boat less personal, although the Moorings ownership program they accept used coming! Management of charter boats. ) of boats and equipment if you answer,. Intend to use the boat is moored on a CRT mooring at an ideal spot any. Made up your mind and announce to the boat with most companies show. Their brokerage provides objective chartering information, including any cash flow surplus you may be roughed up by charterers...
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