Read our frequently asked questions to learn more about your Smart Boating boat share experience.
Yes. Your unit in the Trust is a tradable asset, which you are free to on-sell at any time to anyone for any price.
However, the new owner will have to satisfy certain conditions to protect the remaining owners and pay for their familiarisation session on the boat (cost of $250 incl GST + expenses).
Smart Boating will broker a unit for you for a 5% + GST share of the sale price achieved.
The syndicate agreement runs for five years, at which time the boat is sold and the net proceeds are then returned to each owner according to the equity they hold.
This has the benefit of giving you the best resale value and is before maintenance costs would start to increase on the boat. Many owners stay with us and move on to a new yacht or upgrade to a larger model.
No, basically everything is included.
The only additional costs to bear in mind are the cost for acquiring and installing additional equipment voted upon by the owners themselves, any insurance excess payments that may become due following a claim, stand-by use fees, any contingency fund top ups needed and, for motorboat owners, the cost of fuel used.
Every boat is comprehensively fitted out with all the necessary equipment and luxuries, including cooking utensils, bedding, hot/cold showers, stereo with CD player, iPod connection and cockpit speakers, barbecue, electric fridge and icebox, bimini and boom awning, wind, depth and speed instruments, electric flush toilet, electric anchor winch and safety gear.
In the unlikely event of damage, each owner has signed an agreement to pay for any damage they cause to the boat.
The boat will be fully insured, which should limit this liability to a maximum insurance excess of $2,000.
The boat and equipment are initially covered by a manufacturer’s warranty and there is an allowance in the monthly fee that goes into a sinking fund for unpredictable expenses.
This is a common question and really depends on the person at the helm. Luckily for you, a member of the Smart Boating team will be around to jump on board and give you a hand.
Maybe you’re concerned because you don’t know how to sail? To be honest, if you have enough skills to manage a motorboat it would take very little to gain the skills you need to manage a yacht. MOST of our yachts have reliable and convenient in-mast furling.
Our ‘learn to sail a yacht’ courses are great value and perfect to get you up to standard. Or we can arrange one-on-one tuition to suit your specific needs.
And talking of sailing… have you considered how relaxing sailing is?
Yes, of course you can!
Our Integrity 380 powerboat gets you where you need to go quietly and quickly, at up to 9 knots. This easy to handle motor cruiser boasts the space and comfort you’d expect from a 36+ footer!
No. For the safety of the dog and comfort of the other owners, we don’t allow you to bring any animals on board.
Yes – and we even have dedicated Smart Boating buoys in designated areas.
Unlike other boat share companies, we encourage you to make the absolute most of your time on the water and use the full 24 hours you’ve booked.
Your booking finishes at midnight, and you are free to arrive anytime in the evening. However, if you need assistance with parking from Smart Boating staff members, you will need to arrive during office hours.
Decide which boat share will suit you best then complete an application form and lodge a $2,000 deposit to secure your place in the next syndicate. You then have seven days to review all the documentation and complete a test sail.
The purchase price will be due in instalments, with the first payment due upon confirmation that the syndicate is sufficiently full and the boat is being ordered.
The final payment is due prior to delivery of the boat, which gives us time to set up the Unit Trust plus commission and to equip, register and insure the boat, prior to initial hand over.