More information is available at Yacht Ownership Advice.
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More information is available at yacht ownership advice.
Flexibility around timing matters too. A charter can usually be booked for a specific window without the lead time ownership requires for planning, provisioning and crew scheduling. An owner gains the ability to depart with less notice once the vessel and crew are established, but loses some of the flexibility to simply pick a different destination or vessel size on a whim.
Most survey reports open with a general description of the vessel and the conditions under which the survey was carried out, worth checking simply to confirm the surveyor inspected the vessel in a seaworthy state, out of the water, with systems operating where possible. The bulk of the report then covers the hull, structure, machinery, systems and safety equipment in turn, each section typically graded or flagged by severity.
A useful exercise is to total the expected annual weeks on board over a three to five year horizon and compare that honestly against the fixed and variable costs of ownership over the same period, set beside the cost of chartering the equivalent weeks. For many prospective clients, that comparison points clearly one way or the other. For others it stays close, and the decision comes down to how much value they place on having a fixed vessel of their own.
Survey is usually the first stage to take longer than anticipated. A proper condition and valuation survey involves a haul-out, a detailed inspection of hull, systems, engines and rig, and a written report that can run to dozens of pages. Scheduling the haul-out around yard availability alone can add a week or more, and the surveyor then needs time to prepare the report properly rather than rushing it.
Find out more at yacht ownership advice.
Flexibility around timing matters too. A charter can usually be booked for a specific window without the lead time ownership requires for planning, provisioning and crew scheduling. An owner gains the ability to depart with less notice once the vessel and crew are established, but loses some of the flexibility to simply pick a different destination or vessel size on a whim.
Most survey reports open with a general description of the vessel and the conditions under which the survey was carried out, worth checking simply to confirm the surveyor inspected the vessel in a seaworthy state, out of the water, with systems operating where possible. The bulk of the report then covers the hull, structure, machinery, systems and safety equipment in turn, each section typically graded or flagged by severity.
A useful exercise is to total the expected annual weeks on board over a three to five year horizon and compare that honestly against the fixed and variable costs of ownership over the same period, set beside the cost of chartering the equivalent weeks. For many prospective clients, that comparison points clearly one way or the other. For others it stays close, and the decision comes down to how much value they place on having a fixed vessel of their own.
Survey is usually the first stage to take longer than anticipated. A proper condition and valuation survey involves a haul-out, a detailed inspection of hull, systems, engines and rig, and a written report that can run to dozens of pages. Scheduling the haul-out around yard availability alone can add a week or more, and the surveyor then needs time to prepare the report properly rather than rushing it.
Find out more at yacht ownership advice.
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