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Protecting charter boats?
#140042
09/06/2017 12:27 PM
09/06/2017 12:27 PM
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Joined: Oct 2003
Posts: 643 MD, USA
polaris
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While praying for the people on BVI to be safe, am wondering what all the charter companies have done to "save the boats?" Is there room to move them to hurricane holes? Can they keep them safe in their own harbors? Without floating docks can they protect from surge?
I remember when TTM Belize actually lost crew while trying to move boats ahead of a storm.
Polaris
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Re: Protecting charter boats?
[Re: tradewinds]
#140050
09/06/2017 02:00 PM
09/06/2017 02:00 PM
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Joined: Nov 2014
Posts: 1,049
StormJib
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tradewinds said: The first photos from Paraquita Bay are sickening. The boats are piled up on each other. There should not be any surge on there yet? Here is the 2017 seating chart. Those are supposed to be the lucky boats to keep the industry open until the insurance companies, banks, and builders catch up? http://www.bvimarineassociation.com/downloads/1607PARAQUITA%20BASE%20PLAN%2026%20Jun17.pdf
Last edited by StormJib; 09/06/2017 02:03 PM.
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Re: Protecting charter boats?
[Re: onlymedication]
#140054
09/06/2017 02:34 PM
09/06/2017 02:34 PM
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Joined: Sep 2010
Posts: 5,720 Massachusetts
maytrix
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Wow.. that is not good. I have always wondered about having them all tied up like they do - one goes, another goes and eventually I would think it is a domino effect once you get a few loose that is more pulling on the rest.
Hope everyone stays safe.. boats can be replaced.
Matt
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Re: Protecting charter boats?
[Re: Christo]
#140057
09/06/2017 04:42 PM
09/06/2017 04:42 PM
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Joined: Nov 2014
Posts: 1,049
StormJib
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Christo said: Just sickening to see that. No doubt far worse images to come. Hope everyone has made it through.
...so I'm guessing its going to be a long time before anyone is chartering in the BVI again if the majority of the fleet has been destroyed? There are many, many boats in the BVI. Some will have survived to be buffed out. Sunsail/Moorings alone have a very large global inventory and pipeline of new boats. By the time the real season comes around post Thanksgiving there will certainly be boats to charter. No doubt many things will be different. White Bay and and a few others will be very crowded!
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Re: Protecting charter boats?
[Re: UncleLuff]
#140061
09/06/2017 06:46 PM
09/06/2017 06:46 PM
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Joined: Nov 2014
Posts: 1,049
StormJib
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Someone will be nailing and screwing together beach bars pronto. There is just too much cash in the day trade there. Those that need to eat will get open. The $1250 a night hotel rooms the government craves will take a little longer. The likes of Foxy and Bomba will fill any gaps needed to support the thirsty boats in the meantime. Now to the Moorings even with all the docks underwater the Moorings dinghys seem ready to get back to work as soon as the wind stops. That may have changed with some of the later breeze out of the south... https://scontent-lga3-1.xx.fbcdn.net/v/t...amp;oe=5A1C4ED5
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Re: Protecting charter boats?
[Re: StormJib]
#140063
09/06/2017 10:51 PM
09/06/2017 10:51 PM
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Joined: Apr 2004
Posts: 10,998 Macon, Georgia
GlennA
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StormJib, have you seen the pictures of Paraquita Bay and the Moorings docks??? Not much of that mess is going to buff out any time soon. Most of the buffing is gonna be with insurance adjusters.
It is doubtful that Moorings/Sunsail would have more than a couple dozen boats available by Thanksgiving.
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. - Mark Twain
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Re: Protecting charter boats?
[Re: GeorgeC1]
#140067
09/07/2017 08:49 AM
09/07/2017 08:49 AM
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Joined: Sep 2010
Posts: 5,720 Massachusetts
maytrix
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I'm sure insurance also won't just want to total them all either, so that makes sense. If they aren't sunk or have serious structural damage, they probably can be repaired.
I wonder what Moorings did with their 58's? That's a lot of money and a lot of windage..
Matt
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Re: Protecting charter boats?
[Re: EllenS]
#140069
09/07/2017 09:33 AM
09/07/2017 09:33 AM
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Joined: Sep 2010
Posts: 5,720 Massachusetts
maytrix
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EllenS said: I'll be able to give you our personal experience as we are waiting to hear about our boat. Seems like it is going to be a really long process. Closest we've come to dealing with something like this was after Hurricane Irene, we lost a house we had bought 3 months earlier in Vermont. Got pushed right off its foundation and filled with 3-6" of mud and structure too damaged to salvage anything so it was a total loss. Insurance first gave an estimate of 60-70% of the value since flood insurance is based on depreciated value.. Since we had only bought it 3 months earlier, we argued it hadn't depreciated yet.. fortunately we said the right things and got full payout. Happened in August and we got paid in December I think. I have not idea what boat insurance is like, but hopefully it would be similar, although my initial feeling is it is probably a bit more drawn out.
Matt
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Re: Protecting charter boats?
[Re: EllenS]
#140070
09/07/2017 10:48 AM
09/07/2017 10:48 AM
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Joined: Nov 2014
Posts: 1,049
StormJib
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EllenS said: I'll be able to give you our personal experience as we are waiting to hear about our boat. Seems like it is going to be a really long process. The banks likely will not wait or want to wait. The long standard industry process is for the underwriters and/or the bank to put a professional marine surveyor on the boat. That surveyor will document the damage and loss in very short order. The best practice but not required is for the owner(s) to put their own independent surveyor on the boat. No two marine insurance policies are created equal. The variables are too long to list and are generally even more complicated in a named storm. One worse case, is the bank and underwriter determine the hull is totaled or beyond practical repair with an insurance payment capable off paying of the loan but little or nothing more wiping out any owner's down payment, equity, or perceived equity. In almost every case of severe damage the finance partner will be focused on getting the loan paid off before the loan is delinquent and the moment they have a surveyors report that declares the collateral worthless or compromised. Anything that takes more than buffing out will be very expensive on a good day in islands. Boats in a non assembly line are very, very expensive to fix. Any experienced professional marine surveyor should be able to easily explain the marine industry practices here. Maybe on first step is to determine if the charter operator has already engaged independent professional survey resources on your behalf. Does the person writing the report(s) work for the owner, operator, finance partner, or underwriter? History shows at this point the bank always gets paid first.
Last edited by StormJib; 09/07/2017 12:12 PM.
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Re: Protecting charter boats?
[Re: maytrix]
#140073
09/07/2017 01:11 PM
09/07/2017 01:11 PM
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Joined: Oct 2007
Posts: 348 Pittsburgh, PA
Schwendy
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maytrix said: I'm sure insurance also won't just want to total them all either, so that makes sense. If they aren't sunk or have serious structural damage, they probably can be repaired.
I wonder what Moorings did with their 58's? That's a lot of money and a lot of windage.. New photos show most or all of Mooring's 5800 totally destroyed or severely damaged. One is upside down across the docks.
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