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Yacht
Management
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You can leave all the costs related to your yacht and the corresponding trouble to us; the only worry left to you is scheduling the period and the area of your holidays.
To buy a yacht and keep it private is very expensive. It costs a lot more to maintain and keep the yacht in good condition. Furthermore, the owner can sail only within certain navigation limits!
When you buy a yacht through a T & M LTD management plan, you save all the expenses.
YACHT MANAGEMENT PROJECT
T & M LTD offers basically 2 projects of yacht management for your yacht:
All projects have duration between 3 1/2 and 6 1/2 years and the yacht management ends by the 30th of October.
The duration of the contract can be adjusted according to your needs.
T & M LTD undertakes all the expenses for the operation of your Yacht:
The commercial costs for the marketing of your yacht, i.e. brochures, advertisement, boat shows and all relative costs.
The cost of services, i.e. reception of the clients, inventories, check-in & check-out, preparation of the yacht, technical assistance during the cruises.
The technical costs, i.e. running maintenance, repairs, spare parts, winter maintenance and antifouling
Insurance of the yacht covering all risks.
Project No 1, you advance the value of your yacht.
In this program, in which you have fully advanced the value of your yacht, we pay you for every year of management, a percentage out of the purchase value of your yacht excluding taxes.
Project No 2, you advance only a part of the value of your yacht.
In this program, for minimizing the funds necessary for the purchase of your yacht, we require a single payment (out of the purchase value, ex. taxes).
A credit with our bankers is arranged for the rest of the value of your yacht. The only guarantee required from you is a nautical mortgage on your yacht.
T & M LTD. will repay this credit plus interests to the bank within the duration of the management of the yacht.
At the end of the management period the full ownership will be transferred to you free of any debts.
PERSONAL USE OF YOUR YACHT
The number of weeks you may use your own yacht (or similar) depends on the season you choose (high, mid, low). They are 6 weeks in low season or 3 weeks in mid season or 2 weeks in the high season. A combination between the seasons is also possible.
Additionally you can take up to a further 4 weeks of short notice use each year, out of which the 2 weeks must be used only on your own yacht and the other 2 on any similar (or smaller) available yacht of the entire fleet.
To qualify as short notice use the reservation / booking must be made maximum 14 days prior to departure, and is of course subject always to the availability of the yachts.
The costs of use to be charged to you are only:
EURO 153 for each departure for our administration and yacht preparation costs
The cost for the purchase of the security deposit
The costs of any options required.
If you would wish additional guaranteed weeks of use, this is also possible at a charge as per our charter pricelist valid each time minus a 40% discount specially granted to you.
For low season, extra guaranteed weeks of use are possible to be arranged without cost.
On the other hand if you do not wish to use your yacht at all, it is possible to offer you better financial conditions, upon request.
END OF THE MANAGEMENT
In the end of the Management plan, you may either decide to extend the management of your yacht with T & M LTD under similar conditions or you may decide to sell it (our sales department is at your disposal to arrange the best possible conditions). We can even exchange it over a new yacht. Of course there is always the option to keep it as your own private yacht.
To be noted that all stipulated prices of the yachts are ex VAT, however a VAT may be required to be paid at the end of management over the yachts residual value.
In the end of the management, the yacht and its equipment are delivered to you, in good working condition, in the same shape as they were new with the extension of the natural wear.
CONTACT
For more detailed information about the management project and the yacht choices please contact us.