Benefits of Aequa Fractional Ownership Program
Professionally managed by Aequa Fractional Yacht Operations Management Team
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Low capital investment. Maximum boating pleasure.
Depending on the share you purchase, you can get into the boat of your dreams for as little as 6.25% down for a 1/8 share.
Provided with a standard, transparent financial report
Efiscal quarter the program partners are provided with detailed financial report by Aequa Yacht Management. The estimated non-use operational and maintenance costs are billed each quarter, and actual expenses reconciled with adjustment each billing cycle.
Your yacht is ready to go as soon as you arrive
Your crew prepares the yacht based on your preferences and planned itinerary. The yacht will be ready and waiting at the pre-arranged port of departure when you arrive. You are free to make changes as you wish. Just coordinate with your Captain once on board.
FAQ
Are there additional costs?
In your program’s total budget, the full management cost of the yacht by Yacht Club Fractional, Inc. is included. The yearly operating costs will include captain/crew, crew expenses, maintenance, boat insurance, base provisions, slip fee, vessel documentation, and miscellaneous TV/storage/etc. These costs are billed quarterly along with the 14% YCF management fee.
The following “owners specific variable costs” are NOT included:
• Fuel
• Provisioning
• Transient moorage & harbor fees
• Owner’s costs related to their voyage (ex: flowers)
These are billed to the customer along with receipts after each owner use.
How much do I get to use my yacht?
The Sea Year for owners’ use of the yacht starts on the 1st of April. The Sea Year Calendar will specify the Sea Days available for reservation by Members after accounting for turnover periods between owners, the maintenance needs of the yacht, and relocation of the yacht. Overall, each Sea Year provides the owners with a maximum of 240 available days/year
Based on partial ownership of the yacht. the “effective” use of the yacht will be the following:
• 6.25% ownership interest = 15 days (equally throughout the Sea Year) *
• 12.5% ownership interest = 30 days (equally throughout the Sea Year) *
• 25% ownership interest = 60 days (equally throughout the Sea Year) *
• 50% ownership interest = 120 days (equally throughout the Sea Year) *
Can I sell my interest(share) in the yacht?
You may elect to have Aequa Fractional Inc. purchase your share back at a prorated rate at each anniversary minus accrued interest..
You are also free to sell your ownership interest at any time privately. This might be advantages if the value of the share is higher than the prorated buy-back option. It is important to note you share accrues interest during the program. The new owner will be liable for this at the end of the program.
Do I have to manage and hire the crew?
No. All the aspects of managing the boat operations are handled for you by our Yacht Operations Management team. Selecting the right crew is a important part of the yacht commissioning and program.
Do I have to use the Aequa finance program?
No. If you would like to pay your entire share upfront, or finance it through another method, that is totally fine.
How is the finance rate calculated?
The finance rate for share financing is LBOR +3.%
How are the operations costs tracked calculated?
Each member is provided a standard, transparent financial report. All shared operational costs are documented and shared with all members.
What happens at the end of the program term?
The standard term is 3 years. At the end of the term the boat is appraised and/or sold. Remaining owner equity minus accrued interest is retuned to the partners. The yacht is then free to re-enter the program at the new appraised price. Partners are free to stay in the program with the existing boat for another program term, or move on.
What if I don’t see the boat I like in your program?
Let us know what you are interested in. We might be able to put together a program with your preferred make and model.