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From: Sal & Janet Mannuccia (no email)
Date: Wed Aug 03 2005 - 15:20:34 EDT
With the Moorings the payments are guarenteed. It doesn't matter if the boat sits are is chartered. My boat has been at the slip for a few months withou a charter and some months with 1 week charter, and I still get the full month's payment.
Moorings has a phase out that they do for every boat and you have to agree with their workmanship and they are to put it back to as new as possible.
Some months they charter for 21 days; but that is exceptional. It also has to do with the size of the vessel. Not too many people charter a 49' sailboat and generally they come with a group if they do. Most of the smaller sailboats have only 2 people on it. The Moorings has a maximum of 9 weeks to charter. I know some people who do a month in the summer on their own boat in BVI and it cost them only $60/day for 14 days. You can't beat that.
wrote:
Thanks - I've gotten the info from Sunsail and Moorings but thought I'd ask the list and get an impartial answer - thanks for providing that! Other than the liability of carrying a large loan and the possibility of people deciding to do other stuff than sail (!) it seems to be an ideal way to buy a 5 or 6 year old boat for minimal $ with the 3-5 weeks of sailing per year icing on the cake - assuming all goes well.
I assume there's some historical stats showing the % of time a boat is chartered?
Thanks again --
Sincerely,
Larry T A Blood Test for your oil -
www.youroil.net
----- Original Message -----
From: Dwight Yachuk
To:
Sent: Wednesday, August 03, 2005 1:16 PM
Subject: RE: [world-cruising] Greek Islands/Owning a charter boat
It's true.
Go to the sunsail website and read about owning a charter.
Basically the bank buys the boat, you put it incharter for 3-5 years, the company manages the bookings and boat maintenance, you get 2-3 weeks a year to sail and if everything goes according to plan the charters pay for the bank loan, management fees and boat maintenance. At the end of the period you get your used boat back.
If things don't go so well, there aren't enough charters booked to pay the costs and you're on the hook for whatever is left to be paid, and you get back a boat that's been throughly trashed and needs a major refit before you can sail her.
Having said all that, we bought a great catamaran out of charter. She's too old to be put back in but I'd consider going this route as the cheapest way to sail 3-5 weeks a year.
-----Original Message-----
From: [mailto:]On Behalf Of
Sent: Wednesday, August 03, 2005 12:57 PM
To:
Subject: Re: [world-cruising] Greek Islands
Are you happy with the financial arrangement? Their advertisements make it sound like you don't have any major expenses, someone else makes the payments, Moorings manages all charters and you get to use the boat quite a lot.
Is the boat yours at the end of 5 or 6 years?
It sounds like something too good to be true.
Sincerely,
Larry T
A Blood Test for your oil - www.youroil.net
----- Original Message -----
From: Sal & Janet Mannuccia
To:
Sent: Wednesday, August 03, 2005 11:30 AM
Subject: Re: [world-cruising] Greek Islands
We are owners of a Jeanneau SO 49 in the Moorings charter fleet. They call it a M494. We get to use our boat or other 494s in their fleet around the world; at all their Mooring Bases. We use our boat in the BVI and anywhere else when we use other owners' boats it is referred to as a reciprical boat or charter.
As owners we only have to pay $60/day upto 14 days and nothing after 14 days.
Sal
Imre Lendvay <> wrote:
Hey Sal,
Educate me. What is a recipricol? Is it like a boat
co-op?
Em
--- Sal & Janet Mannuccia <>
wrote:
> We are bare boating with the Moorings in Kos. We
> have a recipricol M494 in Kos. There will be four
> of us on this trip.
>
> Sal
>
>
> SAL & JANET MANNUCCIA
> s/y NIRVANA, M494
> TORTOLA
>
>
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s/y NIRVANA, M494
TORTOLA
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