A share costs EUR 20.000,-. The share is valid for 20 years. One share gives the shareholder the right to use a yacht for one week every year for 20 years.
Operating costs are divided between the shareholders. Operating costs include maintenance, insurance, fixed harbor costs, skipper salary and administration.
Every fifth year yachts will be replaced by brand new ones. Shareholders are therefore secured the right to use brand new yachts for the entire 20-year period. The replacement of yachts is partly financed by selling the previous yacht and by saving a yearly depreciation amount, which is included in the operating costs.
The yearly operating cost for shareholders with depreciation cost included, is estimated to approximately EUR 2.150,- per share.
Shareholders can manage their assigned week however they see fit. A profitable option can be to put it up for rent. The current market value for similar yachts for rent is EUR 7-10.000. By renting out your share 2-3 years you can finance your initial investment.
Shareholders stand free to transfer ownership of shares to anyone, in a second hand market or simply by giving away. You can also return your share free of charge to Ocean Yacht Club.