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Fractional Boat Ownership
Why fractional ownership?
For decades syndicated ownership of expensive and seldom used leisure assets such as racehorses, holiday apartments, aircraft and luxury boats has become accepted worldwide.
The concept of timesharing is very well established. Hundreds and thousands of families and individuals enjoy affordable, vacations in exotic locations all over the world, through timeshare programs promoted by such companies as JW Marriot, Conrad, Hyatt and the Disney Corporation.
Fractional ownership of aircraft such as gulf stream, lear and citation jets account for the major share of aircraft sales in the USA. A significant proportion of yearling sales and ongoing racehorse development can be attributed to syndicated or fractional ownership.
Royal Phuket Marina cruising club introduces the same syndicating structures to Thailand's rapidly expanding luxury boating sector. Providing affordable packaged equity options in luxury cruisers, sailing yachts and motor yachts of all sizes.
Why own a whole boat when you can own as much or as little as you will actually use, sharing the cost of berthing maintenance and service with your syndicate partners.
How does it work?
Ownership
Each Royal Phuket Marina cruising club fractionally owned vessel is owned by a separate company structure, in which a defined equity shareholding package entitles the member to regular use of the companies sole asset, the boat. A vessel ownership company may be owned by as little as 2 and up to 20 shareholders. Ownership lasts for the useful life of the vessel, as determined by the shareholders. Shares can be traded and transferred during the life of the vessel, subject to the new owners boat skills testing and RPMCC due diligence checks.
Access and bookings
Royal Phuket Marina cruising club will berth, maintain, service and valet your vessel in your marina, always ready for your ongoing use. Owners may pre-book one third of their annual fixed boat use entitlement every four monthly booking season, up to 8 months in advance. Around 80 days per annum remain un-booked, a small amount of which are used for regular vessel maintenance. The unused portion of this time is used for shareholder stand-by days. If you run out of pre-booked days, you can access the stand-by pool for additional time on your boat. A small fee is payable equivalent to one extra day maintenance levy, which is assigned to your maintenance fund to offset extra budget maintenance requirements. Any unused pre-booked days are also made available for use in the stand-by system
Maintenance
All vessels maintenance, cleaning, valet, mechanical, registration insurance, marina fees, captain costs and corporate services are provided by our contracted professional vessel management company. Shareholders pay one year maintenance levy in advance together with the required insurance / maintenance bond, at the time of share allocation, thereafter topping up the fund every four months at booking time.
Shareholding and entitlements
Royal Phuket Marina cruising clubs fractional ownership programs are flexible and can be purchased in varying packages of 7%, 10 %, 20%, 50% and 100%.
You decide how much or how little you purchase according to your boating needs.
7% entitles you to 21 pre-booked days and unlimited stand-by days
10% entitles you to 27 pre-booked days and unlimited stand-by days
20% entitles you to 54 pre-booked days and unlimited stand-by days
50% entitles you to 140 pre-booked days and unlimited stand-by days (developer programme)
100% entitles you to 280 pre-booked days and unlimited stand-by days (developer programme)