Chapman Marine Group offers assistance to groups of people wanting to leverage boat ownership through syndication. This brings boat ownership within reach of more people – many of whom perhaps thought boating was out of the question.
Providing an accessible entry point to boat ownership, Chapman Marine Group recommends the Boat Equity platform to enable you to buy a share in a boat, sell a share in your boat, or manage your boat share syndicate. Syndication packages are usually all-inclusive of dry stack storage, engine servicing and valet – all from the conveniently-located Sydney Boathouse.
How it works…
Boat syndication differs from the many ‘boat share’ arrangements that exist, as the vessel is owned by those in the syndicate (as opposed to the boat being owned by a third party).
Specialised software defines who owns what fraction of the vessel and even caters for unequal ownership. For example, a vessel could be owned by two people, with one person owning 1/3 and the other 2/3 of the boat.
The concept is based on owners self-managing the syndicate to avoid expensive management contracts with third party companies, and to ensure owners retain control of their own boat.
It’s a proven concept with many private syndicates in operation right around Australia.