casailor53 said:StormJib said:casailor53 said:StormJib said:
Some of the underwriters also put a limit in "tonnage". The new materials allow larger boats within the weight limits.
tonnage/weight. Huh?
Yes that is the way it works. The underwriters put limits on the weight and value of the boats the underwriters will insure for use without a crew. No insurance no finance along with some other issues. You may not like it but the underwriters decided what boats are bareboat and what boats are not. The marketing companies would rent anything the owners would buy and the customers would pay for.
Sorry, tonnage is a measure of VOLUME not WEIGHT. "You know nothing, Jon Snow!"
Believe what you want. In virtually all industries and markets he who has the gold makes the rules. In the charter fleet world that is the banks financing the owners boats and the insurance underwriters protecting the banks from losses.
Pick up the telephone and try to get an insurance quote to bareboat a hull with a value of $2 Million or a gross weight of 150,000lbs. You will not find any underwriters willing to cover boats of that weight or value without a licensed crew.
Keep the value under one million pounds sterling and you will find some takers for a bonafide charter operation.
The marketing companies will gladly make the commissions on anything anyone is will to buy for them and the insurance companies willing to insure.
