Jobs_a_ good_ un
New member
Thinking of charting out bene 393 in the uk does any one have a rough idea of the costs involved to get a boat coded for charter
Regards
Regards
Anyone know the costs of getting a boat coded for charter in the uk
- Thread starter Jobs_a_ good_ un
- Start date
jb2006
New member
Have a look at one of the August mags - PBO I think - has an article on exactly that subject
Sixpence
Active member
Have a word with Al Jones of these very forums , I think you'll find he is qualified to carry out such work and should be able to advise on a professionl basis /forums/images/graemlins/wink.gif
His website is here http://www.atsailing.com/
Only connection is that he's a very good friend /forums/images/graemlins/cool.gif
His website is here http://www.atsailing.com/
Only connection is that he's a very good friend /forums/images/graemlins/cool.gif
emnick
Member
You could also try having a word with (I think his name is) Paul from Hamble Point Yacht charters. We looked at it seriously at the last boat show, he gave us alot of info and knows the charter market inside out. Good luck with it.
TigaWave
New member
Re: Anyone know the costs of getting a boat coded for charter in the u
I did my 1991 Bav 390 a few years ago, apart from the inspection survey £45/m there was not much to do. Turn the fore hatch round and add some pipe work and anti syphon to one of the heads, change the sliding hatch and wash board lock for a rope and cleat that could be opened/locked from inside or outside.
Total cost was 4 days work for me one extra fire extinguisher the anti syphon valve and some pipe. Total cost less than £800.00 It was done from start to finish in just over a week ashore.
Read through the requirements in the blue code, many of the items are open to negotiation with the surveyor. Like our opening port lights which were wired shut whilst charter guests were aboard.
This assumes you already have safety equipment like life raft, life jackets, dan bouys flares etc.
I did my 1991 Bav 390 a few years ago, apart from the inspection survey £45/m there was not much to do. Turn the fore hatch round and add some pipe work and anti syphon to one of the heads, change the sliding hatch and wash board lock for a rope and cleat that could be opened/locked from inside or outside.
Total cost was 4 days work for me one extra fire extinguisher the anti syphon valve and some pipe. Total cost less than £800.00 It was done from start to finish in just over a week ashore.
Read through the requirements in the blue code, many of the items are open to negotiation with the surveyor. Like our opening port lights which were wired shut whilst charter guests were aboard.
This assumes you already have safety equipment like life raft, life jackets, dan bouys flares etc.
cagey
Well-known member
Expensive and not very rewarding.
Assuming well found boat, extras to be considered
Insurance
wear and tear
twat factor, charterers are fools they will break, destroy anything and then hide it, but still winge, simper and whine about imagined faults in boat:
broken equipment that they have broken,
boat not responsive, fools couldn't organise piss up in etc
Lies about qualifications, have met more Yachtmasters who have left passport at home than have had hot dinners.
Good tip: take them to boat on pretense of familiarisation hour and give charter skipper helm, and suggest they take you out of or into berth
Safety Kit
lifejackets No of berths +2
liferaft serviced every year
Surveyor 1st and every 3rd year
Fees to administrative body
The worst
You have to declare this turmoil to the revenue and you will need very good advice about BIKind.
Its a complete bugger, unless you have a particular set of circumstances or a personal arrangement with charterers, suggest you talk to Solicitor, Accountant, Priest.
I am not being facetious, just passing on experience
Keith
Assuming well found boat, extras to be considered
Insurance
wear and tear
twat factor, charterers are fools they will break, destroy anything and then hide it, but still winge, simper and whine about imagined faults in boat:
broken equipment that they have broken,
boat not responsive, fools couldn't organise piss up in etc
Lies about qualifications, have met more Yachtmasters who have left passport at home than have had hot dinners.
Good tip: take them to boat on pretense of familiarisation hour and give charter skipper helm, and suggest they take you out of or into berth
Safety Kit
lifejackets No of berths +2
liferaft serviced every year
Surveyor 1st and every 3rd year
Fees to administrative body
The worst
You have to declare this turmoil to the revenue and you will need very good advice about BIKind.
Its a complete bugger, unless you have a particular set of circumstances or a personal arrangement with charterers, suggest you talk to Solicitor, Accountant, Priest.
I am not being facetious, just passing on experience
Keith
CalmSkipper
New member
I think the person you are refering to at Hamble point Yacht Charters is Doug - he's very knowledgable and very helpful. I did a costing exercise on a new BAVARIA 34 about 6 months ago. I went blow by blow through the coding spec verses what came on the boat......It would have cost an extra £8000 on additional equipment and upgrades :-(
Sailfree
Well-known member
Couple of comments.
If you want to charter your boat out welcome to a very crowded market. Doug at Hamble Point YC is very knowledgable but he sets a very high standard for his boats. A 36' bavaria from HPYC is likely to be better equipped and have radar than one from a competitor thats not to say that there are not other well equiped boats available else where but a high standard of equipment, maintenance and cleanliness costs money and it must be tempting to many to cut corners.
I don't know the cost comparison to fit out or charter between various companies but suspect as with everything you can get cheaper but the standard of boat is reflected in the cost. I have had 2 boats with HPYC and estimate £10,000 extra to get it to the required standard. You can get a boat to the minimum charter coding standard for a lot of work input yourself and between £1000 to £5000 dependant on the amount of safety equipment you already have.
We bought our first boat from Dufour and Matthew Porter put it quite well by saying if you look at the list of coding requirements there is nothing that is not sensible BUT most boats not coded sail without many of the safety items.
Financial Returns - the IR are looking very hard at all charter boats now and basically you pay tax on any profit but in reality with depreciation on a new boat you won't make any so all you achieve it to increase both the maintenance, berthing & insurance costs but you will get some return on these increased costs. The IR will not let you offset any losses against other income.
Many are still getting their boating on the cheap by various financial manoeuvres but the IR are doing their best to close them all down. My accountant reports 5 of his clients are currently subject to an IR enquiry.
Frankly when I started 10 years ago it was worth it but now with the hard nose attitude of the IR I would not bother. If you want a boat get one but chartering immediately puts mooring & insurance costs up by a factor of 3 as I would not have our boat at Hamble Point (one of the dearest marinas) if it was not for already being in charter.
I think the future charter market will be more limited as it is far less financially attractive now.
Trust these comments give a better understanding of the siituation.
If you want to charter your boat out welcome to a very crowded market. Doug at Hamble Point YC is very knowledgable but he sets a very high standard for his boats. A 36' bavaria from HPYC is likely to be better equipped and have radar than one from a competitor thats not to say that there are not other well equiped boats available else where but a high standard of equipment, maintenance and cleanliness costs money and it must be tempting to many to cut corners.
I don't know the cost comparison to fit out or charter between various companies but suspect as with everything you can get cheaper but the standard of boat is reflected in the cost. I have had 2 boats with HPYC and estimate £10,000 extra to get it to the required standard. You can get a boat to the minimum charter coding standard for a lot of work input yourself and between £1000 to £5000 dependant on the amount of safety equipment you already have.
We bought our first boat from Dufour and Matthew Porter put it quite well by saying if you look at the list of coding requirements there is nothing that is not sensible BUT most boats not coded sail without many of the safety items.
Financial Returns - the IR are looking very hard at all charter boats now and basically you pay tax on any profit but in reality with depreciation on a new boat you won't make any so all you achieve it to increase both the maintenance, berthing & insurance costs but you will get some return on these increased costs. The IR will not let you offset any losses against other income.
Many are still getting their boating on the cheap by various financial manoeuvres but the IR are doing their best to close them all down. My accountant reports 5 of his clients are currently subject to an IR enquiry.
Frankly when I started 10 years ago it was worth it but now with the hard nose attitude of the IR I would not bother. If you want a boat get one but chartering immediately puts mooring & insurance costs up by a factor of 3 as I would not have our boat at Hamble Point (one of the dearest marinas) if it was not for already being in charter.
I think the future charter market will be more limited as it is far less financially attractive now.
Trust these comments give a better understanding of the siituation.