|
Forums39
Topics38,657
Posts312,481
Members26,568
| |
Most Online2,218
Jan 21st, 2020
|
|
|
40 registered members (Kennys, NumberCruncher, Fran, dolfer, OllieEh, tpcook, ndfaninnc, SteveH, davidandsusannj, Kegoangoango, polaris, KirkB, Sea_Skyman, boucharda, Rbailey, fabila, MrEZgoin, luvtotravel, road3682, duckfat, RonDon, JeanneB, pburke40, bbeach, PML, sugarae, Leagle49, michaelj, cabokid, 11 invisible),
915
guests, and 110
spiders. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Re: Owner's Time
[Re: MrEZgoin]
#284214
06/10/2022 07:15 AM
06/10/2022 07:15 AM
|
Joined: Apr 2002
Posts: 7,050
GA/NC
GeorgeC1
Traveler
|
Traveler
Joined: Apr 2002
Posts: 7,050
GA/NC
|
I kind of agree that if you already know you can't use all the time then consider carefully if the program makes sense.
For Moorings at least - as I understand it - you aren't just selling your points... you are still the charterer and it's just your guest that is on board. I'm guessing this works best if you have people you know and trust to charter your boat. I personally don't know any and thus have never been comfortable with the idea.
The distinction may become important when things don't go so well. What if there is major damage to the boat? I'm guessing that Moorings will come to YOU for the deductible and you would have to get yourself re-imbursed by the "guests".
When you sell time with the Moorings your name is on the contract along with the person actually using the boat. They have the same options regarding insurance ect.. They must have the same qualifications and fill out the same forms as any other charter and have the same insurance options. More than likely they won’t even be on your boat. Selling owners time and applying it against the note is what makes a leaseback type ownership program work very well financially. A classified add here on TT is a good place to sell time.
|
|
|
|
