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The operating expenses
include the marina slip, fresh water, boat insurance, repairs, maintenance, US and BVI
management and fresh clean linens and towels
at the beginning of each cruise. The
purchase
price
of a 12-day share ranges from $8,500.00
to $14,500.00 This is a one time fee. The advantage to a cash
down payment is there will not be any lien or mortgage on the boat.
This brings the piece of mind that there will be no threat of foreclosure.
Amazing Grace is and will continue to be owned outright. The only
payments you will make in years 2, 3, 4, 5, etc.. will be the operating
expenses. The current price is $175.00 per month
payable quarterly in advance. When
Amazing Grace is eventually sold all owners will split the proceeds of
the sale - proportional to the amount they paid in.
Boat Insurance
Sailboat
Partners carries coverage on the vessel, the equipment, the dinghy, and
the outboard motor. The policy includes liability coverage in the
amount of $500,000.00. The policy will continue in force even
during named storms and hurricanes. The marina is nestled in the
tall hills of Tortola and is a natural hurricane hole. US
management by Stephen O'Connor of Scarborough, Maine. His
duties include: scheduling, staying in contact with other owners of the
boat for current information about necessary repairs, authorizing
repairs in conjunction with Professional manager, collecting annual
operating expenses in four annual installments, paying bills from
repairmen, Insurance, slip, etc.. and providing overall management
service.
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