“We had a great five years with our boat in the Caribbean, but I pulled the short straw and landed the task of doing all the operational things. I want a union property situation without having to do all the work.” The boat Equity Software automatically creates a monthly report that is emailed to all union owners on the first day of each calendar month. The monthly report contains a summary of fuel points and protocols. Each owner then contributes to the total on the account of the union bank. The part of the account then verifies whether the contributions were made in accordance with the monthly report. Our partners in Turkey, SK Yachting manage a large fleet of yachts for absent owners and all expenses for yacht service and maintenance are charged to owners in Australian dollars via YSMGlobal in Australia. Mediterranean yachts operate from our base in Marmaris, Turkey, where the Yacht Marina offers the best facilities in the Mediterranean. Although they are stationed in Marmaris, yachts can be delivered to other ports. The optional agreement of 29 rights and obligations of the ship`s owners is a full agreement of 29 shares.

It also includes a share register that defines how the property is shared. The agreement is written in such a way that there is no partnership between the owners as this is important to protect each owner from debt. The agreement allows you to sell your shares, so you are free to market and sell your property on the ship. The duration of the contract may be tailored to your needs, but we recommend a period of 35 months beyond which the union is free to sell the ship, or the union may agree to an extension. The vessel is owned by the owner of the boat union, not by a third party. The software defines who owns which part of the ship. A unique feature of Boat Equity is that it also ensures uneven ownership of a ship. For example, one vessel could be in the possession of two people, but one person owns 1/3 and the other 2/3 of the boat. Apart from experience, a significant limiting factor in self-management may be access to time, as it seems that time is quite frequent these days.