Ahoy Captains,

A Very Perceptive Question by Ms. R. to Capt. George. What is the Exit Strategy?
So if 50%? of the Yacht Owners who lost their yacht in Cat 5 Irma then doubled down and purchased a new yacht in ‘17/’18/’19, and now those yachts are starting to ‘Retire’, and the Owners are going from no Payments to Annual Payments of 7% plus Principal (on a Yacht worth 60/70 cents on the $) so $50K, plus Dockage of $20K, plus Insurance of $20K, plus Parts & Labor, then what?
Where can You find a Charter co with a 20 Year history, in a region like the BVI that can generate enough sales volume, and most Important, can get Insurance 365 (with access to a certified H Hole) and coverage for Bareboat and Crewed and Private charters?
And if the Yacht Owner wants to either Move Up or Move Out, where will You find a Buyer who can find those same conditions.
And no exposure to FATCA or FBAR or TIEAs?

A very old Friend of mine, Mike O'Brien, the most Irish person you would every have the Luck to meet, always used to back into parking spaces.

I Need More Quality Cats for Chartering !
Fair Winds, Brent
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