Joining / leaving the Syndicate
How to join and leave the Yacht Syndicate?
Ease of entry and exit are a key differentiator between shared and outright ownership of a yacht. We are very keen to maintain the comparative ease to buy or sell a share in one of the syndicates. We have found that our shares generally change hands more rapidly, and with less complication than the sale of a whole yacht does.
This is because
Ease of entry and exit are a key differentiator between shared and outright ownership of a yacht.We are very keen to maintain the comparative ease to buy or sell a share in one of the syndicates. We have found that our shares generally change hands more rapidly, and with less complication than the sale of a whole yacht does.
This is because a share in a yacht is much less available on the market
There may be 10 or 20 sister ships of any particular model for sale in the Western Med at any one time, making it hard to sell one’s outright yacht in such a competitive marketplace. Whereas there is probably only ever one share for sale in one of those yachts, meaning the exclusivity generally translates to a quicker sale.
A share in a yacht is a less risky transaction
When buying a yacht outright, you always wonder what’s wrong with it and why the seller wants to part ways. With a share, you can safely assume the yacht isn’t the issue — most other syndicate owners are happy to stay on board.
A share in a yacht is a less complicated transaction.
When buying a yacht outright, you have to handle surveys, liens, taxes, and service history. With a shared yacht, those hurdles are already cleared by the existing owners. The syndicate agreement is the only document you need to review — and it’s already been examined by many past and present shareholders.