How do Yacht Syndicates Work?

Many of our syndicates adopt our standard operating procedure as the basis of their syndicate management structure. With access to our app, yacht co-owners have a comprehensive, completely transparent overview of everything to do with their yacht.

Yacht Syndicates – The Basics:

Each yacht has between 4 and 10 equity shareowners, enjoying between 3 and 12 weeks on board per year. The yacht’s ongoing running costs are then divided on a pro-rata basis to each owner’s percentage share. An algorithm ensures that each owner is treated fairly for the weekly use selection rota. 

The Housekeeping Team prepare the yacht for each individual owner, placing their personal items on board and ensuring the yacht is deep cleaned to enhance everyone’s sense of individual ownership as well as keeping in line with Covid-safe practices.

The Boat Manager is responsible for the detailed day-to-day management of the yacht. That includes all operational, maintenance and service issues as well as all owner liaison and the corresponding documentation.

The Finance Manager is responsible for the financial transactions related to the ongoing running costs of the yacht. This includes the detailed auditing and reporting of all the maintenance costs to all the respective owners.

Yacht Ownership – Made Easy:

The app ensures efficient operational management and has several benefits and features which make co-ownership a breeze:

  • A fantastic Usage Selection algorithm that cleverly pro-ratas to your percentage ownership, designed to keep everything scrupulously fair
  • A handy, easy to use Usage Calendar for all co-owners and crew, the ideal way to discover who is due on board and when
  • Seriously useful real-time Financial Reporting of all the costs associated with your yacht
  • An exciting, welcoming, friendly Communication Forum for co-owners to share their thoughts and explore issues
  • An accurate Maintenance Log revealing all the scheduled servicing, both current and future
  • A clear log of all Unscheduled Repairs complete with images, so co-owners can better understand what the crew are doing while the yacht isn’t being used
  • Comprehensive Yacht Documents, showing all the certification and relevant paperwork including the boat’s title and syndicate agreements
  • A beautiful Image Gallery and Video so our co-owners can show their yacht off to guests pre-arrival
  • Cool Global Week Swaps, where our international co-owners can swap their week on their yacht in Mallorca, for example, for a week on any of our yachts worldwide

Yacht Shares – Selecting Your Weeks:

Each person selects a week in rotation. Person 1 chooses one week, then it’s person 2, 3, 4, 5, 6, 7, and 8 – all choosing a week at a time in order. This cycle is repeated until all the weeks for the year are allocated. The following year it’s done in reverse order which gives the person who chose eighth the ability to choose first instead, and so on.

Each year, after the weeks are fully allocated, a bit of swapping may take place between owners to fine-tune the forthcoming year’s calendar to accommodate those owners who might prefer 2 weeks together for example. This is made easy by our app which has a special section for week swaps or for cancelled, unused weeks which owners trade with one another.

Each syndicate tries to form with a good cross-section of owners, who in turn have a real cross-section of date preferences. Some prefer school holidays, whereas those who are retired prefer to avoid school holidays. As a consequence, every week has a relatively even level of desirability with July & August being slightly more popular in the Mediterranean. 

The lower season 4 to 5 months are still lovely in the Mediterranean or Caribbean, often with sunny days, with conditions often still better than back home. Most owners tend to still enjoy their yacht out of season, maybe more as a floating hotel, perfectly located in a vibrant port with less frequent sea passages being undertaken.

Let us help you follow your dreams and turn them into reality by finding you the perfect share in one of our many yachts around the world.