QUARTERSHARE                      INTERNATIONAL

How is Quartershare different than other shared yacht programs?

 

We are confident that as you learn more about Quartershare and the exquisite yachting experience the program provides, you will find Quartershare ownership to be truly advantageous and unique in many respects.

 

Quartershare yacht ownership is predicated upon an initial fleet of just about identical luxurious 130' Westport motor yachts, effective management, owner service and an experienced and dedicated staff.  Although 25% and up to 100% of a boat (in 1/4 increments), is owned by one party, the use of just about identical boats in a fleet will be enjoyed by Quartershare owners. This drastically reduces scheduling conflict and provides very attractive alternatives in cruising destinations and overall flexibility should the owner’s boat be in use by another Quartershare owner, in preventative maintenance or perhaps generating owner revenue in charter. There is an established downtime between trips to prepare the yacht for the most rewarding experience possible for the next owner. Our "Fleet Factor",   and online access to yacht scheduling assists in providing availabilty just about anytime you are ready to take to the sea.  

 

How much use can I expect to have of my boat, if I only own 25%?

 

Quartershare ownership provides each owner 10 weeks of occupancy. This is actually higher than the statistical average that an owner of a boat larger than 100' uses their vessel in a calendar year.  Additional "dockside stays" are available as well on occasion and not counted toward the ten weeks of cruising. You are not restricted as to when you are able to use a boat.    

 

Can I use the boat more than 10 weeks per year if I so choose.?

 

Absolutely yes, it is your boat. There will be additional fees in all fairness to the other owners of your boat who may not be using the boat as much. Remember, your 10 weeks of cruising may not be all on the boat that you actually own, but will be on an identical hull situated in very desirable locations. In addition, you will always have the option to own more than one Quartershare. For example, a 50% ownership position provides 20 weeks per year on board and you have the option of assigning any of your weeks to potential charter.  

 

After I purchase a Quarter of a vessel, what additional fees can I expect to incur? 

The annual Quartershare management fee is based upon 10% of the retail price of the entire vessel new, divided by four. This fee covers crew, insurance, comprehensive preventative care and maintenance, dockage, seasonal repositioning, basic provisioning items, yacht cleaning/detailing and impeccable concierge. The management fee is paid on a quarterly basis. On a per trip basis, you will have a Provision Service Fee (PSF) that will be determined and paid in advance. Should the fuel and or any portion of the PSF be less in actual expense than planned, the balance shall be promptly refunded, credited toward the next trip or distributed evenly amongst the crew (not required) at owner request. The PSF can be quite broad in range. It will cover catering, entertainment, applicable port entry fees and fuel. You are not responsible for any maintenance costs at all unless you damage something during your stay on board. You will also have the option of paying the fuel expense as you go, and bring it back full such as you would a rental car.
 

I currently own a boat and would love to consider getting out of it to purchase a Quartershare of a Westport 130.  Do you take trades?

 

Yes.  As in purchasing any boat involving a trade, we will evluate your boat and offer you a fair market wholesale price. We want you to be a Quartershare Owner so look for rather competitive trade values! 

 

How are the boats scheduled?

 

Quarterhare has contracted with a software development company to author a customized system that provides you with Internet access to Owner Services. This provides the Quartershare owner with easy direct access to see what boat is available where and when. You just block out the time you would like, press send and that is all there is to it. You will receive a follow up that allows you to customize your trip in terms of catering, trip planning, recreational activities, various reservations and more. As the cruise date approaches, our concierge department will be in direct contact with you suggesting available entertainment activities on board and at stops along your route. We will also confirm all the details of your cruise or occupancy time.  

 

If each owner uses the boat 10 weeks per year, what happens during the remaining 12 weeks ?

We have intentionally scheduled downtime for each vessel. This allows for crew rest, preventive maintenance, extended stays, scheduling flexibility and charters.

 

Can I count on the care and appearance of my boat being maintained if it is used for charter?

Yes.  Our operations department is committed to having all of the vessels in the Quartershare fleet operating and looking like they are always in "new" condition and in excellent working order. Charter use directly benefits the owners by allowing  management fee offset with charter income as well as other potential tax benefits. The use of your boat in the charter program is not mandatory. Unique to Quartershare, it is technically possible for you to be enjoying an exquisite time on board a fleet boat, identical to the one you own and at the same time, be generating significant revenue from your own boat on a charter cruise.   

 

How long is the ownership  term?  

 

We would like to turn the fleet every five years. This is by no means mandatory. The boats will be cared for on a calendar preventative maintenance program. This means that various key system and engine components are replaced or upgraded based upon a predictive schedule greatly reducing downtime and maximizing re-sale value. We would of course expect our owners to have such an outstanding experience, that they will continue in the Quartershare program on new perhaps larger vessels whenever that time occurs.

 

What happens if and when I would like to sell my Quartershare?

We would first offer the share to the other owners and perhaps their relatives, friends and business associates.  If it is still available, we will offer the Quartershare on the open market. As pre-owned Quartershare investments will be rare, we feel that it will not take long to get someone into your ownership position. Quartershare obviously offers much more than just a used boat. It provides for presents all of the enjoyment and benefits that  yacht ownership lifestyle presents, with none of the headaches or hassels and of course, at considerbly less expense. There could also be added tax benefit to owners as well. Quartershare has a staff CPA that will provide you and or your financial advisor appropriate information pertaining to your yacht investment on a quarterly basis.     

 

Can I allow family, business associates and friends to use any of my weeks?

Of course. It is your boat. Just provide us with details in advance as to whom we should be expecting. As it is your boat, you are not limited to ten weeks! You are able to use your boat more on a pro-rate basis and even purchase an additional quarter should you find your self wanting to spend more time on board. Ten weeks is two and a half months. Historically, very few owners have occupied boats of this magnitude for that much time in a calander year.

 

For purposes of illustration, you could own a Quarter for your own use, and purchase an additional Quartershare that you would allocate for Charter use or other business purposes and the benefit by the related income and or potential tax advantage. 

 

You didn't ask this so we'll just tell...

 

The Fleet Factor . . . 

 

As you can cruise 10 weeks, you are not limited to doing so on any one boat and can therefore utilize two boats at the same time and entertain as many as 20 overnight guests perhaps at the same port, or arrange a rendezous.  

 

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