Yacht Ownership Programs

THE CONCEPT OF YACHT MANAGEMENT

Millionaires or big investors are not the only proud owners of private yachts. Yacht ownership can be an exhilarating and simultaneously rewarding investment. If you own a yacht under our ownership management, you can sail your yacht without worrying about the costs of the insurance, marina, spare parts and maintenance.
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 management plan, you save all the expenses and you have the opportunity to sail from 23 departure bases within the Mediterranean, while at the same time you have an income. Therefore, why don’t you leave it to the professionals, who guarantee that having a yacht is not a source of extra costs and trouble but a source of extra income and fun?

 

PURCHASE OPTIONS

 

You can choose one of the following yacht management projects for the purchase of your yacht:

In Project No 1 – GUARANTEED INCOME

you pay the full price of the purchase of the desired yacht and receive a fixed amount of annual income for the duration of the contract.

In Project No 2 – SINGLE PAYMENT

you pay significantly less, only a part of the purchase price of the desired yacht, but you do not receive any income.

In Project No 3 – PAYMENT AT TWO TIMES

like in project No. 2, you pay significantly less, only a part of the purchase price of the desired yacht, but you split approximately your payment in two parts, one at the beginning of the contract and another at the end.
In this project you have also the option not to pay the second payment at the end of the contract and to leave the yacht ownership without any further obligation from your side.

In Project No 4 – OPEN MANAGEMENT

you can pay the full price of the purchase of the desired yacht, you either make a single payment and we finance you the rest and you receive a flexible annual income in accordance with the charter sales performance & the yacht’s expenses.

DURATION OF THE CONTRACT
All projects have duration between 3½ and 6½ years and they are ending at all cases, regardless the delivery date of your yacht, by the 30th of October in the Mediterranean and by the 30th of April in the Caribbean.

We are also open to design a different duration of contract for your yacht in accordance with your needs.
RUNNING COSTS
There are not any!

In the projects No.1, No.2 & No.3, our program undertakes all the expenses and repairs during the duration of the contract.

Costs such as “Mooring Fees, Insurance, Maintenance repairs, Spare parts, Winterage, Antifouling, Reception of the charter guests, Check in, Check out, Marketing costs for the charter sales, etc” are all borne from the program.

You are free to enjoy the pleasure and freedom of yacht ownership without having to worry about time (and money consuming!) necessities.

YOUR 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 8 days prior to departure, and is of course subject always to the availability of the yachts.
Above conditions are valid only for projects No 1, 2 and 3. For project No 4 the owner uses are restricted only to your own yacht. If another yacht is used there is applicable a 40% special discount over the charter price list.

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 & of the service pack.

• 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.

COSTS TO PAY

Kindly note that all our offers are on ex-taxes base, therefore any fees to be paid to the authorities, such as income tax or other taxes that might arise in the future and we could not charge totally or partially to the charter clients, will be on your charge.
END OF THE CONTRACT

In the end of the Management plan, you may either decide to extend the management of your yacht 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 yacht’s residual value.
Our staff can still maintain it and arrange, what you might feel appropriate to your yacht.

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. You will also get a set of sails not more than one year old.

DETAILS FOR THE YACHT PROJECTS

Project No 1 – GUARANTEED INCOME 

In this program, you pay the full price of purchase of the desired yacht and receive a fixed amount of annual income for the duration of the contract, calculated as a percentage out of the purchase price of your yacht, excluding taxes, as follows:

Greece, Turkey, Croatia, Caribbean

Annual income
for 5½ years Annual income
for 3½ years

BAVARIA YACHTS

Cruiser 37, 2 cbs 8% 10%
Cruiser 37, 3 cbs 9% 11%
Cruiser 41, 3 cbs 9% 11%
Cruiser 46, 4 cbs 9% 11%
Cruiser 51, 5 cbs 10% 12%
Cruiser 56, 5 cbs 10% 12%

DUFOUR YACHTS

Dufour 382, 3 cbs 9% 11%
Dufour 412, 3 cbs 9% 11%
Dufour 460, 4 cbs 9% 11%
Dufour 512, 5 cbs 9% 11%
Dufour 560, 5 cbs 9% 11%

JEANNEAU YACHTS

Sun Odyssey 349, 3 cbs 8% 10%
Sun Odyssey 389, 3 cbs 9% 11%
Sun Odyssey 419, 3 cbs 9% 11%
Sun Odyssey 449, 4 cbs 9% 11%
Sun Odyssey 479, 4 cbs 9% 11%
Sun Odyssey 519, 5 cbs 10% 12%
Jeanneau 54, 4 & 5 cbs 9% 11%

BENETEAU YACHTS

Oceanis 38, 3 cbs 9% 11%
Oceanis 41 & 41.1, 3 cbs 9% 11%
Oceanis 45, 4 cbs 9% 11%
Oceanis 48, 5 cbs 10% 12%
Oceanis 55, 4 & 5 cbs 9% 11%

Greece, Turkey, Croatia, Caribbean

Annual income
for 5½ years Annual income
for 3½ years

LAGOON CATAMARANS

Lagoon 380, 4 cbs 8% 10%
Lagoon 39, 4 cbs 8% 10%
Lagoon 400, 4 cbs 8% 10%
Lagoon 42, 4 cbs 8% 10%
Lagoon 450 F & S, 4 cbs 8% 10%
Lagoon 52 F & S, 5 & 6 cbs 7% 8%
Lagoon 560, 5 cbs 7% 8%

FOUNTAINE PAJOT CATAMARANS

New 40, 4 cbs 8% 10%
Helia 44, 4 cbs 8% 10%
Saba 50, 5 & 6 cbs 7% 9%

BAVARIA CATAMARANS

Nautitech 40 Open, 4 cbs 8% 10%
Nautitech 46 Open & Fly 4 cbs 8% 10%

Italy

Annual income
for 5½ years Annual income
for 3½ years

BAVARIA YACHTS

Cruiser 37, 2 cbs 5,5% 8%
Cruiser 37, 3 cbs 6,5% 9%
Cruiser 41, 3 cbs 6,5% 9%
Cruiser 46, 4 cbs 6,5% 9%
Cruiser 51, 5 cbs 7% 10%
Cruiser 56, 5 cbs 7% 10%

DUFOUR YACHTS

Dufour 382, 3 cbs 6,5% 9%
Dufour 412, 3 cbs 6,5% 9%
Dufour 460, 4 cbs 6,5% 9%
Dufour 512, 5 cbs 6,5% 9%
Dufour 560, 5 cbs 6,5% 9%

JEANNEAU YACHTS

Sun Odyssey 349, 3 cbs 5,5% 8%
Sun Odyssey 389, 3 cbs 6,5% 9%
Sun Odyssey 419, 3 cbs 6,5% 9%
Sun Odyssey 449, 4 cbs 6,5% 9%
Sun Odyssey 479, 4 cbs 6,5% 9%
Sun Odyssey 519, 5 cbs 7% 10%
Jeanneau 54, 4 & 5 cbs 6,5% 9%

BENETEAU YACHTS

Oceanis 38, 3cbs 6,5% 9%
Oceanis 41 & 41.1, 3 cbs 6,5% 9%
Oceanis 45, 4 cbs 6,5% 9%
Oceanis 48, 5 cbs 7% 10%
Oceanis 55, 4 & 5 cbs 6,5% 9%

Italy

Annual income
for 5½ years Annual income
for 3½ years

LAGOON CATAMARANS

Lagoon 380, 4 cbs 6,5% 8%
Lagoon 39, 4 cbs 6,5% 8%
Lagoon 400, 4 cbs 6,5% 8%
Lagoon 42, 4 cbs 6,5% 8%
Lagoon 450 F & S, 4 cbs 6,5% 8%
Lagoon 52 F & S, 5 & 6 cbs 6% 7%
Lagoon 560, 5 cbs 6% 7%

FOUNTAINE PAJOT CATAMARANS

New 40, 4 cbs 6,5% 8%
Helia 44, 4 cbs 6,5% 8%
Saba 50, 5 & 6 cbs 6% 7%

BAVARIA CATAMARANS

Nautitech 40 Open, 4 cbs 6,5% 8%
Nautitech 46 Open & Fly 4 cbs 6,5% 8%
Project No 2 – SINGLE PAYMENT 

In this program, you pay a single payment for the purchase of the desired yacht calculated as a percentage out of the purchase price, excluding taxes, as follows:

Greece, Turkey, Croatia, Caribbean

5½ years 3½ years
4½ years for catamarans 6½ years

BAVARIA YACHTS

Cruiser 37, 2 cbs 62% 69% 59%
Cruiser 37, 3 cbs 59% 66% 53%
Cruiser 41, 3 cbs 59% 66% 53%
Cruiser 46, 4 cbs 59% 66% 53%
Cruiser 51, 5 cbs 55% 63% 49%
Cruiser 56, 5 cbs 55% 63% 49%

DUFOUR YACHTS

Dufour 382, 3 cbs 59% 66% 53%
Dufour 412, 3 cbs 59% 66% 53%
Dufour 460, 4 cbs 59% 66% 53%
Dufour 512, 5 cbs 59% 66% 53%
Dufour 560, 5 cbs 59% 66% 53%

JEANNEAU YACHTS

Sun Odyssey 349, 3 cbs 62% 69% 59%
Sun Odyssey 389, 3 cbs 59% 66% 53%
Sun Odyssey 419, 3 cbs 59% 66% 53%
Sun Odyssey 449, 4 cbs 59% 66% 53%
Sun Odyssey 479, 4 cbs 59% 66% 53%
Sun Odyssey 519, 5 cbs 55% 63% 49%
Jeanneau 54, 4 & 5 cbs 59% 66% 53%

BENETEAU YACHTS

Oceanis 38, 3 cbs 59% 66% 53%
Oceanis 41 & 41.1,3 cbs 59% 66% 53%
Oceanis 45, 4 cbs 59% 66% 53%
Oceanis 48, 5 cbs 55% 63% 49%
Oceanis 55, 4 & 5 cbs 59% 66% 53%
Greece, Turkey, Croatia, Caribbean

5½ years 3½ years
4½ years for catamarans 6½ years

LAGOON CATAMARANS

Lagoon 380, 4 cbs 65% 55%
Lagoon 39, 4 cbs 65% 55%
Lagoon 400, 4 cbs 65% 55%
Lagoon 42, 4 cbs 65% 55%
Lagoon 450 F & S, 4 cbs 65% 55%
Lagoon 52 F & S, 5 & 6 cbs 67% 59%
Lagoon 560, 5 cbs 67% 59%

FOUNTAINE PAJOT CATAMARANS

New 40, 4 cbs 65% 55%
Helia 44, 4 cbs 65% 55%
Saba 50, 5 & 6 cbs 67% 59%

BAVARIA CATAMARANS

Nautitech 40 Open, 4 cbs 65% 55%
Nautitech 46 Open & Fly 4 cbs 65% 55%
Italy

5½ years 6½ years

BAVARIA YACHTS

Cruiser 37, 2 cbs 71% 62%
Cruiser 37, 3 cbs 69% 59%
Cruiser 41, 3 cbs 69% 59%
Cruiser 46, 4 cbs 69% 59%
Cruiser 51, 5 cbs 65% 55%
Cruiser 56, 5 cbs 65% 55%

DUFOUR YACHTS

Dufour 382, 3 cbs 69% 59%
Dufour 412, 3 cbs 69% 59%
Dufour 460, 4 cbs 69% 59%
Dufour 512, 5 cbs 69% 59%
Dufour 560, 5 cbs 69% 59%

JEANNEAU YACHTS

Sun Odyssey 349, 3 cbs 71% 62%
Sun Odyssey 389, 3 cbs 69% 59%
Sun Odyssey 419, 3 cbs 69% 59%
Sun Odyssey 449, 4 cbs 69% 59%
Sun Odyssey 479, 4 cbs 69% 59%
Sun Odyssey 519, 5 cbs 65% 55%
Jeanneau 54, 4 & 5 cbs 69% 59%

BENETEAU YACHTS

Oceanis 38, 3 cbs 69% 59%
Oceanis 41 & 41.1, 3 cbs 69% 59%
Oceanis 45, 4 cbs 69% 59%
Oceanis 48, 5 cbs 65% 55%
Oceanis 55, 4 & 5 cbs 69% 59%

Italy

5½ years 6½ years

LAGOON CATAMARANS

Lagoon 380, 4 cbs 61%
Lagoon 39, 4 cbs 61%
Lagoon 400, 4 cbs 61%
Lagoon 42, 4 cbs 61%
Lagoon 450 F & S, 4 cbs 61%
Lagoon 52 F & S, 5 & 6 cbs 65%
Lagoon 560, 5 cbs 65%

FOUNTAINE PAJOT CATAMARANS

New 40, 4 cbs 61%
Helia 44, 4 cbs 61%
Saba 50, 5 & 6 cbs 65%

BAVARIA CATAMARANS

Nautitech 40 Open, 4 cbs 61%
Nautitech 46 Open & Fly 4 cbs 61%
Project No. 2 for France for 6½ years duration.

55% required for monohulls and 60% required for catamarans and the marina fees of the charter season, April to October, are re-charged to the Buyer.

51% required for monohulls and 56% required for catamarans and the marina fees of the charter season, April to October, as well as of the winter storage, are re-charged to the Buyer.

Project No 3 – PAYMENT AT TWO TIMES 

5½ YEARS DURATION (6½ YEARS FOR ITALY & FOR THE CATAMARANS)

At the beginning of the contract, you pay a percentage of 35% calculated out of the purchase price, excluding taxes.
At the end of the contract you pay the following percentage if you would like to get the ownership of the yacht:

GREECE, TURKEY, CROATIA, CARIBBEAN,  ITALY

BAVARIA YACHTS

Cruiser 37, 2 cbs 39% 42%
Cruiser 37, 3 cbs 35% 37%
Cruiser 41, 3 cbs 35% 37%
Cruiser 46, 4 cbs 35% 37%
Cruiser 51, 5 cbs 29% 31%
Cruiser 56, 5 cbs 29% 31%

DUFOUR YACHTS

Dufour 382, 3 cbs 35% 37%
Dufour 412, 3 cbs 35% 37%
Dufour 460, 4 cbs 35% 37%
Dufour 512, 5 cbs 35% 37%
Dufour 560, 5 cbs 35% 37%

JEANNEAU YACHTS

Sun Odyssey 349, 3 cbs 39% 42%
Sun Odyssey 389, 3 cbs 35% 37%
Sun Odyssey 419, 3 cbs 35% 37%
Sun Odyssey 449, 4 cbs 35% 37%
Sun Odyssey 479, 4 cbs 35% 37%
Sun Odyssey 519, 5 cbs 29% 31%
Jeanneau 54, 4 & 5 cbs 35% 37%

BENETEAU YACHTS

Oceanis 38, 3 cbs 35% 37%
Oceanis 41 & 41.1, 3 cbs 35% 37%
Oceanis 45, 4 cbs 35% 37%
Oceanis 48, 5 cbs 29% 31%
Oceanis 55, 4 & 5 cbs 35% 37%

GREECE, TURKEY, CROATIA, CARIBBEAN ITALY

LAGOON CATAMARANS

Lagoon 380, 4 cbs 31% 40%
Lagoon 39, 4 cbs 31% 40%
Lagoon 400, 4 cbs 31% 40%
Lagoon 42, 4 cbs 31% 40%
Lagoon 450 F & S, 4 cbs 31% 40%
Lagoon 52 F & S, 5 & 6 cbs 35% 46%
Lagoon 560, 5 cbs 35% 46%

FOUNTAINE PAJOT CATAMARANS

New 40, 4 cbs 31% 40%
Helia 44, 4 cbs 31% 40%
Saba 50, 5 & 6 cbs 35% 46%

BAVARIA CATAMARANS

Nautitech 40 Open, 4 cbs 31% 40%
Nautitech 46 Open & Fly 4 cbs 31% 40%

A credit with our bankers is arranged for the remaining percentage of the purchase price of your yacht. The only guarantee required from you is a nautical mortgage on your yacht.

The program 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.
Project No 4 – OPEN MANAGEMENT 
In this program, no matter through which financial option you have bought the yacht from us (full or single payment), we guarantee a minimum chartering period of your yacht of 90 weeks within the 5½ years of management. For France the guaranteed weeks are 96 for 3 cbs yachts & 108 for 4 & 5 cbs yachts.

In this project your costs are:

30% on the charter contracts value, which pays for the commercial costs of marketing your yacht, i.e. brochures, advertisement, boat shows, agency commissions, and all relative costs.
A flat fee which depends on the yacht’s location and size for the cost of services, i.e. reception of the clients, inventories, check in / check out, preparing of the yacht, technical assistance during the cruises.
All other costs such as insurance, mooring fees, spare parts, repairs, winter maintenance, antifouling etc., are on your charge and control. Within this program your net income from charter is not fixed because it depends on:
The charter sales performance
The amount of expenses of the yacht, which means that you participate in the risks and profits of good or less good charter seasons, however you participate fully in the risks and profits of the whole management.

THE FINANCE OF YOUR YACHT

In project No 2, we offer a finance possibility requiring a down payment of minimum 35% & in project No 4, we offer also a finance possibility requiring a 40% minimum down payment.

The remaining amount of the purchase price of the yacht can be financed up to a 5½ years period in six-monthly equal installments with annual interest rate of 7% in EURO.
THE PURCHASE PRICE OF YOUR YACHT

In the following price-list, you will find the exact specifications and equipment of the yachts. On your payment you have to add:

2,2% financial fees calculated on the credit amount (if finance is required)

Monohulls: EURO 3.000 for the transport of the yacht to Greece, Turkey or Sicily, EURO 1.500 for the transport to Toscany or Sardinia. There is no cost for the transport of the yacht to France, Croatia (for Bavaria yachts), EURO 3000 on French built yachts for delivery to Croatia.

Catamarans: EURO 9.000 for the transport of the catamaran to Greece & Turkey, EURO 8.000 for the transport to Italy and to South France.

Transport costs to Caribbean variable according to the boat type.

EURO 1,500 for the completion of the equipment, according to the needs of the local base, i.e. sea charts, nautical books, linen equipment.

Administration costs for the yacht’s registration (it depends on the flag). Specifically, for the Greek flag the administration cost is EURO 4,500

Please note that the above sums will not be included in the calculation for the payment of the annual guaranteed income.

THE YACHT CHOICE

Apart from the yachts mentioned in our projects we are available to offer you quotations for the rest of the types of Bavaria, Dufour, Fountaine Pajot, Jeanneau, Beneteau & Lagoon ranges, upon request.

SECOND HAND YACHTS

Our big variety of Second Hand Yachts for sale is also available for you. The conditions depend on the type and the age of each yacht.
BANK REFERENCES
PIRAEUS BANK
PANEPISTIMIOU 31, 105 64 ATHENS, GREECE

EUROBANK ERGASIAS SA
M. GEROULANOU 2 & LEOF. VOULIAGMENIS, 164 52 ARGYROUPOLI, GREECE