Fractional Ownership, the way forward for superyacht ownership
With the high cost of purchasing and maintaining a superyacht in these difficult financial times, the concept of Fractional Ownership has found a highly receptive market. There are a number of differing schemes on offer, but Curvelle has developed a system which allows the owners a much greater level of flexibility and freedom of choice which is far closer to full ownership of a superyacht than other systems available.
Curvelle will offer one of its new 33 metre catamaran motoryachts to up to 8 owners, each of which becomes a shareholder in the owning company of the yacht. As Curvelle retains no financial interest in the yachts the owners have 100% of the equity in the vessel and full control of the asset. Each share is offered at 1m Euros and the scheme is structured so that no VAT is applicable to either the purchase of the yacht or the majority of maintenance and servicing costs. With 5 weeks cruising available to each member, Curvelle fractional ownership is far more economical than chartering an equivalent yacht.
The initial two Curvelle 33X9 superyachts will be built at award winning Cheoy Lee shipyard ready for the 2010 season. Curvelle will undertake the management function of the yachts, providing crew, maintenance and arranging movement of the yacht from the Mediterranean to the Caribbean taking advantage of the respective seasons.
The highly experienced team at Curvelle have incorporated a rotating priority scheme to manage each owners desired times onboard and providing a unique benefit to the purchase. The scheme was initially designed for British Airways for its pilot rotation and was later fine tuned for the property market before being structured for Superyacht builder, Curvelle by one of the original developers of the BA scheme, Steve Last.
Luuk V. van Zanten, Marketing Director of Curvelle commented, “Working with Steve Last, we have been able to bring his innovative and well tested programme to the benefit of superyacht owners. The system provides unrivalled flexibility and as near as possible the freedom of owning the entire yacht without any of the worries often associated with yacht ownership. Our management will enhance the experience by ensuring the owner and his family know they are aboard their own yacht. Details such as diet, drink preferences, family photo’s and furnishing layout will be all be ready for the owners arrival.”
Owners can purchase more shares if available and can of course sell their shares at any time. Any unused weeks on the yacht can be offered for charter if desired by the owners providing a substantial supplement to the running costs. The Curvelle Fractional Ownership scheme provides a genuine alternative to the much higher costs and concerns of full ownership.
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