How Yacht Share Works
Key Points:
1: Freedom to explore
2: We manage service and maintenance
3: Owners per yacht is 8
4: Yacht ownership made manageable
Yacht Share Mariner offers luxury shared yacht ownership on the east coast of Australia. Cruising to some of the most interesting and remote location on your own yacht is easier than you think.
YSM works with the most exciting brand in the catamaran world – BALI by Catana.
An owner may purchase more than one unit. The term of the Syndicate Agreement is three years, at the end of which the yacht is sold with the proceeds shared between the owners, or the syndicate agreement can be extended.
An owner may offer a share for sale at any time.
Our syndicated yachts are not offered for charter at any time.
The syndicate has a contract with Yacht Share Mariner for the management of the yacht.
Each yacht in the syndication program has up to 8 shares on offer (12.5%).
Owners of a 1/8th share are allocated 40 days usage during the year. Usage begins in the afternoon of the first day and ends by 10.00am on the disembarkation day unless otherwise agreed. In order to maximise the time available, we schedule mid-week turn-rounds and reservations to be made in one, or two-week, blocks where possible.
Four weeks are allocated for annual maintenance.
The Whitsunday based fleet will be managed to sail the East Coast of Australia according to the season with the main base on Hamilton Island, Queensland.
Syndicate members may have the yacht delivered to another port by a professional crew, in which case transit time is counted as part of owner usage, and the cost is paid by the owner.
In order to utilise use of the Yacht for the full 12 months of the year we take it south in the Australian summer. The yacht will be delivered by a professional skipper to Lake Macquarie for the summer. An owner may arrange to take passage on the delivery, but any extra time taken will be paid by said owner.
YSM management services include but are not limited to the following:
• Management of the use of the vessel in accordance with the syndicate agreement.
• Coordination of all maintenance activities for the vessel
• Coordination of vessel readiness for each unit holder
• Coordination of vessel return by each owner
• Coordination of delivery of the vessel to alternative cruising areas
• Assistance with pre-departure planning
• Assistance with itinerary changes during a cruise
• Annual inspection of the vessel
• Administration
• Trust account for the security deposit
• Invoicing and receipting for all maintenance and management fees
Sailing Experience and Qualifications
Sailing is a glorious pastime. The sea, the elements, nature, freedom, excitement, and solitude are all at your fingertips. But some qualifications and experience are required in the interest of your enjoyment, and the safe use of the Bali 4.4.
An International Certificate of Competence (ICC) or its equivalent (RYA Day Skipper Certificate) is the minimum qualification for any new owner. This certificate is issued following a 4-hour theory and practical assessment by an instructor from an RYA accredited sailing school. We can facilitate this assessment for you.
We also organise a mandatory 2-day induction course for two people, with an RYA instructor from the Mainstay Sailing School in Airlie Beach on board the Bali 4.4, before you set off on your own. This course is at no cost to you and will ensure that all partners in your Bali syndicate will have similar familiarity with the systems onboard and competence in the operation of the vessel by you and your crew.
This is also an insurance requirement.
If you have an ICC Certificate (or equivalent), the 2-day induction course onboard the Bali 4.4 is all you will need before you set off on your own.
If you don’t have an ICC Certificate, we can plot your course to your boating competence together with our partners Above & Beyond Yachting, Yachtmaster and Mainstay Sailing Whitsundays.
