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Charter management scheme
Bavaria 55

Love sailing but don't want to spend your precious holiday time on maintenance and cleaning?

Fancy a brand new yacht to play with while someone else looks after it for you?

All the benefits of yacht ownership with none of the associated stress - just turn up and set sail!

Firefly have teamed up with one of the most highly respected yacht charter companies in the Greek Ionian to offer our clients the chance to purchase a new yacht in a charter management scheme.

Investing in a yacht in a partnership scheme will give you all the benefits of yacht ownership with none of the associated stress - just turn up and set sail!

Owning your yacht in partnership with a respected charter company will give you the opportunity to receive a guaranteed income from your boat and make a profit on your investment, whilst enjoying up to six weeks out sailing every year.

Key facts - charter management scheme

  • Choose from a range of nine yachts from 31 to 55 foot.
  • Up to 6 weeks sailing your yacht each year.
  • No running or maintenance costs.
  • No insurance costs.
  • No summer mooring or winter yard fees.
  • 5 year contract with option to opt out at end of each year, given sufficient notice.
  • Your yacht is maintained by a professional company with a great reputation.
  • Guaranteed income (for yachts bought on scheme 1 - see 'Prices' tab).



Yacht specifications

Our charter partner is an agent for Bavaria yachts, offering you the opportunity to purchase your yacht at a very competitive price.

Bavaria yachts combine the German reputation for engineering and manufacturing with a design ideally suited to sailing in the Mediterranean. These user friendly yachts offer good sailing performance with spacious interiors featuring lots of light and good ventilation.

Each yacht is highly specified with a wealth of extras, this makes them a pleasure to spend time aboard and ideally suited as high quality charter yachts.

The charter-ready specification includes: all deck equipment, sails & canvas work, electrical systems, interior inventory, navigation & electronics pack, safety equipment, dinghy & outboard, commissioning, Greek coding & delivery.

These details are an introduction to the charter management scheme and are not contractual. Full scheme details are available by clicking on the 'Find out more' tab above.

 

Model

 

Base price

Additional
equipment

Discount

Total price
ex VAT*

Weeks sailing
per annum

Average income
per annum

 
Bavaria 31

Bavaria 31

2 cabins
1 heads

Scheme 1

€55,000

€33,945

-€7,150

€81,795

up to 6

€5,202

Scheme 2

(reduced price, no income)

€60,680

up to 6

 
Bavaria 32

Bavaria 32

2 cabins
1 heads

Scheme 1

€53,900

€33,945

-€7,007

€80,838

up to 6

€5,984

Scheme 2

(reduced price, no income)

€56,550

up to 6

 
Bavaria 34

Bavaria 34

2 cabins
1 heads

Scheme 1

€72,700

€36,080

-€9,451

€99,329

up to 6

€5,580

Scheme 2

(reduced price, no income)

€73,660

up to 6

 
Bavaria 35

Bavaria 35

3 cabins
1 heads

Scheme 1

€74,900

€36,900

-€7,490

€104,310

up to 6

€6,732

Scheme 2

(reduced price, no income)

€76,990

up to 6

 
Bavaria 38

Bavaria 38

3 cabins
1 heads
Teak decks

Scheme 1

€93,500

€49,925

-€12,155

€131,270

up to 6

€8,976

Scheme 2

(reduced price, no income)

€97,870

up to 6

 
Bavaria 40

Bavaria 40

3 cabins
2 heads
Teak decks

Scheme 1

€104,900

€51,975

-€13,637

€143,238

up to 6

€9,515

Scheme 2

(reduced price, no income)

€105,620

up to 6

 
Bavaria 43

Bavaria 43

3 cabins
2 heads
Teak decks

Scheme 1

€126,600

€60,340

-€16,458

€170,482

up to 6

€10,720

Scheme 2

(reduced price, no income)

€131,960

up to 6

 
Bavaria 47

Bavaria 47

4 cabins
2 heads
Teak decks

Scheme 1

€161,330

€72,915

-€20,973

€213,227

up to 6

€13,088

Scheme 2

(reduced price, no income)

€156,830

up to 6

 
Bavaria 51

Bavaria 51

5 cabins
3 heads
Teak decks

Scheme 1

€208,660

€76,550

-€27,126

€258,084

up to 6

€15,392

Scheme 2

(reduced price, no income)

€202,770

up to 6

 
Bavaria 55

Bavaria 55

5 cabins
3 heads
Teak decks

Scheme 1

€258,680

€73,700

-€33,628

€298,752

up to 6

€17,760

Scheme 2

(reduced price, no income)

€241,310

up to 6

 

* VAT payment is deferred until the end of the charter management agreement.

These details are an introduction to the charter management scheme and are not contractual. Full scheme details are available by clicking on the 'Find out more' tab above.

What timescale does the scheme work over?

Boats will be ordered in September 2009, and are produced over the winter. During this process, quality is checked at all the crucial stages.

There's a further opportunity to confirm the final instrumentation and accessory specifications in January, before the boats are fitted out in March 2010, and sailed from Slovenia to Greece in April.

What is the payment schedule?

To confirm your yacht and place her on order a 15% deposit is required. The balance to 90% is paid before the end of December, the remaining 10% is paid when you inspect your yacht in Slovenia.

What's the VAT situation?

When you make your investment in this scheme, VAT is not paid until the end of the 5 year charter period, when the yacht is deregistered. VAT will be paid in Greece according to Greek laws on the value of the yacht at that time.

How much can I use my yacht?

The scheme is based on six weeks usage split between low and mid seasons each year. One low and one mid season week may be substituted for a high season week at no additional cost.

The scheme is flexible and can accommodate additional usage if required - this may affect the income produced and be subject to additional charge.

Owners book their usage in the same way as a normal charter, and reserve the weeks you require on your yacht on a first-come first-served basis. You pay just a nominal cleaning and turn round charge each time you go out.

What will my yacht be worth at the end of the scheme?

It is impossible to be precise in knowing the value of a yacht in 5 seasons time. Historically, yachts tended to retain something close to their original purchase price due to inflation; inflation is on the increase so yachts may again near there purchase value.

Over the past 5 seasons new yachts in the scheme have depreciated between 20% and 25% of the VAT paid purchase value.

How long is the contract?

The scheme runs for up to 5 seasons, the same period as the Greek charter license is issued for. You may however terminate the agreement in any year by giving notice before the end of August.

How does the contract finish?

At the end of the fifth season of yacht partnership the yacht will be prepared as though it is to be chartered the following year, engine serviced, sails checked, etc. and it will be handed back to you in October/November of that year.

These details are an introduction to the charter management scheme and are not contractual. Full scheme details are available by clicking on the 'Find out more' tab above.

 

To find out more about this scheme, please register or .

Registration is free and takes seconds.

 

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