Ownership parts in any of our vessels are on offer for € 175.000 (per 1/16th fraction), or multiples thereof. Legally you will purchase shares in the capital of the company that ownes the vessel. That company will be running the ship commercially. Sally Lightfoot will be doing all day to day business on the companies’ behalf. By combining private use, charter and a listing as Netherlands Commercial Cruising Vessel, we are able to substantially minimise the cost of construction as well as operational costs.
Jointly the owners put up € 2,8 million in equity. This corresponds with € 175.000 per 1/16th fraction. The remainder of the development costs will be financed through a bank loan. Each owner will have to guarantee his or her pro rata parte of all payments due under the bank facility. Therefor the owners will have to be acceptable to the bank.
As soon as we will hear from the Dutch Tax Authorities regarding the tax regime applicable on the ship owning company, such regime shall be confirmed in an official agreement. Untill that moment, unfortunately we can nog guarantee any tax benefits for the owners related to their investment.
Once you purchase your fraction, you simultaneously join the company as shareholder. As owner you will contribute to the companies’ turnover by payment for your private use of the vessel. Your return on investment comes from your sharing in the companies’ profits. The downside is you might have to step in financially should the company results not be sufficient to cover all operating expenses.
While budgetting future running costs of our vessels, we have made conservative assumptions based on our market research. We have also drawn on a wealth of experience assembled in the project team. We foresee an equal distribution between private use by the owners and chartering to passengers, each seperately roughly four months a year.
For a 1/16th fraction your annual compensation for private use will amount to € 28.000. Adding al owners’ compensations, increasing this with annual revenues through chartering, and setting the agregate amount of against all operational costs, we expect to be able to distribute a modest profit share to each owner.
Interested? We would welcome the opportunity to meet face to face and explain the ins and outs regarding your possible investment in one of our vessels. We have prepared a detailed investment memorandum which we will hand out once we meet. This should enable you to study the details we will set out, in order for you to come to a balanced decision whether or not to join the team of adventure capitalists. Please get in touch with us either by email or by phone to set a date for our meeting.
