How does a YSM Yacht Syndicate Work?

Key Points:
1: Equity Ownership – You are Tenants in Common
2: Assistance available before, after and during
3: Yacht is not available for charter

Joining a Syndicate

This will not only please your accountant, as your cost of a yacht is shared, but it also enriches your sailing experience because of the exchange we encourage between owners. People talk about where they have been and who they have seen. It also gives you access to a wealth of sailing destinations knowledge that comes from our personal experience at Mariner Group.

An enquiry generated by our marketing activity will hopefully lead to a conversation with Trevor Joyce and maybe your expression of interest. The next step is the full syndicate agreement and, if the terms are acceptable to you, a deposit is then payable to confirm your place in a syndicate.

Once a syndicate is fully subscribed, we start a series of online meetings where we discuss the details on options, the downstream planning of the hand over and delivery to the base. The process detailed in the syndicate agreement will have determined the initial use of the yacht, then the online booking system takes over.

What does it cost

The price of a share in a syndicate varies and reflects the cost of the yacht plus the factory, and other options, the full cruising equipment, and the delivery.

Syndicate partners may take more than one share.

Full payment may be required at confirmation subject to the proximity of the ex- factory date.

At the end of the three-year management contract the yacht is offered for sale and the proceeds shared between the share-holders - or the management agreement can be extended.