The vessel will be
owned by a company. Up to ten shares will be available for
purchase. Ownership will last for the life of the vessel. In the case of this proposal,
the vessel will be crewed by professional, licensed crew
comprising Master and Mate. This is due to the nature of
boating within the Great Barrier Reef region, the distances off
shore required (up to 200 nm), and protection of your investment.
Master's qualifications (minimum) will be Master Class IV / M.E.D. II.
Access & Bookings
Your own vessel
will be berthed, fully maintained and fuelled at Mackay Marina
ready for your use. Alternatively we will meet you and your guests at the port of your nomination.
We can schedule
seasonal relocation to suit owners' needs. i.e. the following
ports could easily be within our schedule depending on client
requirements: Brisbane, Gladstone, Mackay,
Hamilton Island, Townsville, Cairns, Port Douglas, Lizard Island.
We anticipate having the vessel available
for corporate charter work when not required by owners. Income
from charter bookings will be returned to the ownership company to
offset expenses.
Owners may
book and use 25% of their annual
entitlement each quarter, up to 1
year in advance.
Maintenance
All vessel
maintenance, cleaning, provisioning, mechanical, registration, insurance,
marina and member services will be carried out by the company. Members
shall pay one
year's maintenance levy in advance.
Regular
membership
Regular Membership secures a
10% equity shareholding in the vessel. You may book the vessel
for 20 days per year, each year for the life of the
boat.
Gold Membership
Gold Membership secures a
20% equity shareholding in the vessel. You may book the
vessel for up to 40 days per year, each year for the life of the
boat.
As a shareholder
you will determine the economic life of the vessel and when it
will be replaced.