Friends and Family “Informal Charter”

[Frogmogman]

Ok, let’s move the goalposts a bit.

How about me lending my boat in Brittany for a week to a mate who has a boat in San Tropez . In exchange I borrow his boat for a week. Strictly no cash changes hands at any stage.

 

[PlanB]

wow - that could get complicated if I was lending it a lot! polygamy - not sure that's a route to saving money!

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They are still married 20 years later.

 

[AntarcticPilot]

Ok, let’s move the goalposts a bit.

How about me lending my boat in Brittany for a week to a mate who has a boat in San Tropez . In exchange I borrow his boat for a week. Strictly no cash changes hands at any stage.

As long as the insurance is OK with it, I don't see why not. It's basically that you're lending each other your boat, and as you're friends, that should be fine. It only falls over if there's a commercial aspect to the deal (commercial meaning paying more than the immediate running costs).

 

[mjcoon]

As long as the insurance is OK with it, I don't see why not. It's basically that you're lending each other your boat, and as you're friends, that should be fine. It only falls over if there's a commercial aspect to the deal (commercial meaning paying more than the immediate running costs).

Or maybe if some mishap; prop-wrap for instance. So long as completely fixed within loan/swap period?

 

[AntarcticPilot]

Or maybe if some mishap; prop-wrap for instance. So long as completely fixed within loan/swap period?

I don't know. I'd imagine that fixing something like that would come in the "immediate running costs" bracket.