2-3 partners wanted, Southerly 110, Swing Keel, 2000, Lymington, Hampshire
Many boat owners are wondering whether they can justify keeping and maintaining their beloved boat and yet selling it, even if they wanted to, isn’t that easy at the moment either.
Some of these pondering sailors are coming to yours2share to sell shares in their boat: this is a great way forward. They raise some capital and reduce their annual outgoings in one stroke.
An alternative is finding a like-minded person to rent your boat for part of the time on a long term basis, say for a week or weekend a month for a year: I call this fractional rental. One or two sets of people renting a boat like this should make a good contribution towards the annual running costs without losing any control over your boat.
In the latter case, if you have a British flagged boat and wish to charter or fractionally rent it, in the UK or overseas, it must be ‘coded’ by the Maritime and Coastguard Agency (MCA). MCA Codes of Practice apply to all boats under 24 metres in length that are in commercial use, carrying cargo and/or up to 12 passengers. ‘Coding’ means that the boat carries all the necessary safety equipment and is deemed to be a ‘safe vessel’ by the MCA.