Can allow the ownership of a variety of boats in different areas. More extensive cruising with between-holiday changeovers at remote locations. New capital equipment purchases for the boat become affordable allowing better equipment and often a safer boat. Can allow professional maintenance to be used at a price which is comfortable, allowing the busier owner more freedom. Yacht sharing in this context is the share in the capital ownership of the boat.
Shares can be in any size or form but are typically quarters, thirds or halves.
If the share agreement is correctly drawn up there should not be a problem in having unequal shares. It is usual that the owner of a share will contribute an equal proportion to their capital share of the annual and capital running costs of the boat, although other arrangements are not unusual where, perhaps, the usage is split in a way different from the ownership. We have an active and ever changing register of purchasers and a good selection of shares available for sale. Shares are usually available in the UK, France, Spain, the Caribbean and the Greek Islands. In the case of both the formation of a new group and the first division of a yacht, we will supply a share agreement and will work with the existing and new owners to adapt this to a useful document for their group.