Fellow enthusiast required

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DC36

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20 Aug 2009
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My beautiful Elan 36 isn't getting the use it deserves, so I am looking for someone to share her.

I have owned her from new (2000) and have enjoyed many memorable voyages over the years, but work pressures have conspired to make my voyages less frequent. I am ideally looking for a young family, one member of which will either be an experienced certified Day skipper or preferably hold a Coastal skipper certificate (theory and practical) and are looking to enjoy regular sailing and increase their experience.

I am NOT looking to sell a share in the yacht, but in exchange for an equal portion of her annual costs I would like to make her available for a young enthusiastic new crew. She is berthed at Port Solent, so would best suit someone in the south.

If you have the prerequisite qualifications and are prepared to put yourself forward for consideration please get in touch.

DC36
 
Someone at my marina was putting flyers on cars for "boat buddies".

http://www.boatbuddys.co.uk/

Perhaps you could try them (if you haven't already). (No experience of them, so this is not a recommendation).

When I first read their flyer, I thought it sounded like an interesting concept, but then I started worrying about the complexities if things didn't go as planned - either party might try to take advantage of the other if not carefully balanced. IMHO, therefore, I think this is a bit of a minefield if not done with a complex, legally binding agreement between owner and "buddy", but I'm perhaps a little over-cautious.
 
Be very wary of letting anybody use your boat, even if (or even especially if) they are making no financial commitment. Suggest you read the guidance on partnership boating on the RYA website.

Obviously it is possible to make such arrangements work for the benefit of both parties, but it is a big risk with a valuable asset.
 
What would be the legal situation if, say, there was an accident that could be put down to possible neglect on upkeep (e.g. failed stopcock, rigging failure etc)? I've often thought it is such a waste that boats sit unused for lengthy periods, but in this day of Injurylawyers4U, it's perhaps not surprising. If you do go ahead, it would be wise to run through all the safety equipment and make sure the new sharers were happy with the setup - it's somehow different when it's your own boat.

Nicola
 
ninky said:
What would be the legal situation if, say, there was an accident that could be put down to possible neglect on upkeep (e.g. failed stopcock, rigging failure etc)? I've often thought it is such a waste that boats sit unused for lengthy periods, but in this day of Injurylawyers4U, it's perhaps not surprising. If you do go ahead, it would be wise to run through all the safety equipment and make sure the new sharers were happy with the setup - it's somehow different when it's your own boat.

Nicola
Click to expand...

Not to mention your insurers...

Mike.
 
Ex-SolentBoy said:
Lending is one thing.

Getting them to pay is another.
Click to expand...

They're not paying to use the boat though. They're being lent it to use and, in return, contributing towards the upkeep. It's no different to what I do when I crew or borrow a boat or when someone's chips in with fuel costs. If the owner were attempting to make a profit from it that would be very different.
 
This is something widely practised over in BC - I came very close to coughing up $1500 for an annual quarter share of a Catalina 27 - a year's sailing for the price of a week's charter? Sign me up... It's certainly something I'll consider doing if I do buy one as well - I'd rather see it used, and if it reduces my costs, then great.

If it's on the strict proviso that the costs paid are a share towards annual upkeep and maintenance costs, surely the insurers would see the logic of that. (OK, ok, maybe not, they are insurers, which is just another word for as*holes)
 
armchairsailor said:
This is something widely practised over in BC - I came very close to coughing up $1500 for an annual quarter share of a Catalina 27 - a year's sailing for the price of a week's charter? Sign me up... It's certainly something I'll consider doing if I do buy one as well - I'd rather see it used, and if it reduces my costs, then great.

If it's on the strict proviso that the costs paid are a share towards annual upkeep and maintenance costs, surely the insurers would see the logic of that. (OK, ok, maybe not, they are insurers, which is just another word for as*holes)
Click to expand...
There is a big difference between an organised syndicate with a structured agreement - very common arrangement - and an ad hoc arrangement where somebody uses the boat and makes some sort of unspecified contribution. Such arrangements rely on strong personal connections between the parties, and even then can be the source of big disagreements. A structured written agreement and direct financial commitment puts things on a firmer footing, but can still be difficult to make work in practice.
 
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