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DYC, Moorings and Sunsail still paying Owner's ?? #226135
05/06/2020 04:33 PM
05/06/2020 04:33 PM
Joined: Dec 2018
Posts: 7
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WantOwnersTime Offline OP
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WantOwnersTime  Offline OP
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Any news on whether Dream Yacht Charter, Moorings and Sunsail are still paying their Owner's?

BVI Sponsors
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226139
05/06/2020 05:40 PM
05/06/2020 05:40 PM
Joined: Mar 2019
Posts: 79
Charlotte, NC
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TC42 Offline
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Charlotte, NC
I heard that DYC was not. I believe they suspended the payments but are adding the lost time to the back end of the contract. I believe that Moorings / Sunsail has continued to make payments.

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226156
05/06/2020 08:57 PM
05/06/2020 08:57 PM
Joined: Apr 2002
Posts: 6,993
GA/NC
GeorgeC1 Offline
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GeorgeC1  Offline
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Moorings and Sunsail are honoring their contracts.

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: GeorgeC1] #226168
05/07/2020 05:58 AM
05/07/2020 05:58 AM
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Georgia & South Carolina
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Deepcut Offline
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Originally Posted by GeorgeC1
Moorings and Sunsail are honoring their contracts.


Glad they are still honoring their contracts. I have not seen any of their contracts(Moorings, Sunsail, DYC) since considering their companies to put my boat in.

I did not feel that any of these were best fit for my particular needs, but as with all agreements, the contract provisions should guide the expected response to situation. (And any favorable responses "above and beyond" contract requirements are always a plus).


Wes
s/v Sea Tiger (2022 Lagoon 46)
www.BareBoatBVI.com

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226880
05/21/2020 07:04 AM
05/21/2020 07:04 AM
Joined: Feb 2010
Posts: 76
SailBellaVita Offline
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I can tell you 100% that DYC is not honoring the guaranteed contracts, and have also backed out of many "easy ownership" contracts. Moorings is standing by all contracts. I'm a competitor of both, so i watch this closely. I also believe that, other than DYC, all other charter companies are living up to contracts.


Capts Derek and Brenda
www.Sailbellavita.com
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226889
05/21/2020 08:51 AM
05/21/2020 08:51 AM
Joined: Dec 2018
Posts: 1,343
Washington DC
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bailau Offline
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I guess that might be the "kiss of death" for DYC from a boat owners perspective...I wonder if they refunded charterers money instead of providing credits?

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: bailau] #226900
05/21/2020 09:47 AM
05/21/2020 09:47 AM
Joined: Feb 2010
Posts: 76
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I'm not 100% sure re: their charter policy, but my guess is that they allowed reschedules and did not provide refunds. with the poor timing of the stock buyback from FP, i'm guessing cash is king for them.


Capts Derek and Brenda
www.Sailbellavita.com
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226913
05/21/2020 12:24 PM
05/21/2020 12:24 PM
Joined: Oct 2001
Posts: 1,901
Maine
Breeze Offline
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Breeze  Offline
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I don't have a dog ( or a buck) in the hunt, but I did see that DYC has a new charter base at Compass Point, USVI. Good for them because they'll be able to offer charters this summer in the USVI, vs the BVI territory closed to tourists until after 9/01/20.

I'm not sure how I'd feel if I had booked a BVI charter in the BVI with DYC, and instead were shifted to a USVI charter with the same company. Interesting prospect.

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226914
05/21/2020 12:49 PM
05/21/2020 12:49 PM
Joined: Oct 2009
Posts: 1,647
Memphis, BVI, CT
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RatmansWife Offline
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Breeze, very interesting. Let's say your contract says BVI. However you get a credit to use in the USVI vs. a lot of uncertainty. Plenty of impetus to switch, don't you think?

And then there's the question of the boats. Does the owner's contract stipulate where the boat is based? Would you care if it were moved? Would liability be different?

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226915
05/21/2020 12:51 PM
05/21/2020 12:51 PM
Joined: Mar 2012
Posts: 793
Redmond, WA
MrEZgoin Online content
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If we're talking about Moorings, they do have the right to move your boat to another base. Happened to our previous boat, moved from SVG to Grenada, then St. Lucia ( actually that was Sunsail but I'm assuming the contracts are similar ).

Last edited by MrEZgoin; 05/21/2020 12:52 PM.

M4000 "Lio Kai"
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226951
05/22/2020 10:21 AM
05/22/2020 10:21 AM
Joined: Dec 2015
Posts: 345
Ottawa, Canada
UncleLuff Online content
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I can tell you that DYC does not refund... offered a credit one calendar year out which may still not be enough. Having said that I guess technically I breached the contract by not submitting the rest of the balance 45 days out.... but the balance was due March 18 and things started going down hill right at that time.. including restrictions and travel advisories, required self quarantine. In hind sight it was a good move as no telling whether DYC will be able to 'weather this storm'....

Worse comes to worse we loss our deposit (split between 4 guys) not the end of the world but hopefully it doesn't come to that and we can rebook for next May. The one thing that I have issue is that they say they require the full payment upon rebooking which is a complete non-starter for us! Didn't push this though as we are in no position to even think about rebooking at this time.

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #226952
05/22/2020 10:26 AM
05/22/2020 10:26 AM
Joined: May 2020
Posts: 2
Nashville, TN
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Aren't We Lucky Offline
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I'm a new Yacht owner in the BVI, Scrub Island base, with DYC - Performance Program.

I just received my first quarterly statement which had a minor positive balance, and those funds were held due to the lock down in BVI, and shall be used to cover my boat's expenses during lock down. I cannot speak to news on DYC honoring their contracts for others, but mine has not been a problem so far.

There is a new Facebook group site called DYC Yacht Owners located at https://www.facebook.com/groups/534407134169181/?ref=bookmarks, and perhaps more DYC owners can become connected there, as well as here. Best to all.


Mike Yarbrough
DYC Owners & Friends Group - BVI
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #228093
06/16/2020 06:07 PM
06/16/2020 06:07 PM
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SoCalGal Offline
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Do any of these companies offer crewed charters....or just bareboat?

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #228094
06/16/2020 06:17 PM
06/16/2020 06:17 PM
Joined: Apr 2002
Posts: 6,993
GA/NC
GeorgeC1 Offline
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The Moorings has a good sized crewed fleet.

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: GeorgeC1] #228095
06/16/2020 06:17 PM
06/16/2020 06:17 PM
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SoCalGal Offline
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Thank you

Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: WantOwnersTime] #228099
06/16/2020 07:51 PM
06/16/2020 07:51 PM
Joined: Oct 2014
Posts: 2,151
Ontario, Canada
warren460 Offline
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Scuba doo is available on an all inclusive basis with a captain and chef.

Last edited by warren460; 06/16/2020 07:52 PM.

Warren S/V Scuba Doo
Lagoon 50 (winner of best crewed yacht under 55 feet at the St. Thomas crewed yacht boat show).

https://www.cyabrochure.com/ebn/2307/pdyrX/6642/4///
Re: DYC, Moorings and Sunsail still paying Owner's ?? [Re: SoCalGal] #228110
06/16/2020 09:57 PM
06/16/2020 09:57 PM
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Posts: 933
Georgia & South Carolina
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Deepcut Offline
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Scuba Doo is a great boat and located just minutes from STT airport. I would choose Scuba Doo over any "big company" boat.


Wes
s/v Sea Tiger (2022 Lagoon 46)
www.BareBoatBVI.com


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