Saturday, April 18, 2009

Maritime luxury for a fraction of the cost

SmartYacht AG announces the launch of the company and informs the luxury market about a cost-efficient joint yacht ownership concept that combines the comfort of yacht ownership with professional yacht management and a unique service- and lifestyle package - with none of the downsides of ownership and for a fraction of the cost of owning one's own yacht.

The mood barometer on the ship 2009 swung from initial scepticism to happy optimism. At the end of January 2009 on the last day of the world's biggest yacht- and watersport expo it was confirmed: The sector had kept its feet in the financial crisis. The European market for sail- and motor yachts remained firmly at a high level. The desire for maritime luxury and a journey into adventure exists also in bad times. Of course ownership of one's own yacht is connected with a high purchase price and maintenance costs, and this for only a relatively small amount of usage. The chartering of a yacht brings with it on the other hand the agreeing to expensive offers and without the "money back guarantee" that would come with the sale of the yacht.

SmartYacht presents as an alternative an innovative co-ownership concept: To have all the advantages of having one's own yacht in terms of use and access, without having to worry about aspects such as yacht management. Invest together, to profit individually - this financing model has proved successful and has experienced a sharp upturn in the last years, most especially in the property and aviation sectors. Together with other investors one can bring together capital for the purchase and maintenance of the joint-owned property and so maximise time and flexibility, while keeping layout and costs to a minimum.

SmartYacht offers shares in yachts of various types and sizes, with or without crew. Placed in prestigious locations across the entire Mediterranean area each yacht is shared between 3, 6 or 9 owners. In this way there exists the right of usage of at least 6 and up to 18 weeks per year. Both short- and long-term booking possibilities exist through the use of an online booking system that has been proven over the course of years. The SmartYacht concept integrated multi-yacht multi-location program offers co-owners additionally flexible access to other yachts in other locations and thus provides valuable savings in terms of fuel efficiency and maintenance outlay as well as air- and water pollution.

Alongside all the aspects of professional yacht management SmartYacht offers its customers a service- and lifestyle package with a choice of exclusive services, that makes every yachting sojourn into a luxurious experience: The desired drinks can be ordered in advance, personalised items can be provided on board and a luxury limousine is provided during the sojourn for free usage. The crew can direct you to picturesque bays and anchor according to your wishes off empty beaches, while in the background a professional service team works discreetly to fulfill individual wishes.

An innovative finance construct focuses on an optimal cost-usage ratio and ensures the security of the customer. With a one-off payment the customer acquires a vested share in the desired yacht including the described rights of usage. A yearly fixed fee ensures the year-round yacht management and includes all components of the service- and lifestyle package. The yachts remain the property of the proprietary company Smartboat Ltd. With its seat on the Isle of Man. The yachts are run, maintained and kept clean by SmartYacht AG with its seat in Liechtenstein. The proprietary company and management company are strictly separated for the optimal security of the co-owners, so that continuity of the running of the yachts in the case of a problem with individual co-owners can be guaranteed. As the shares are held by the trustees in name and contract for the co-owners in anonymous form there is no possibility of the gaining of access by a third party.

SmartYacht makes the promise of offering the intelligent alternative for the highest standards in the yachting branch. So it only remains to say," Cast off for a superior yachting experience."

  • SmartYacht is at present agreeing contracts with new co-owners. Further information regarding the offers can be found HERE
  • From 1-3 May 2009 SmartYacht is presenting itself at the Luxury Fair in Munich (Kuenstlerhaus, Lenbachplatz). Further information and invitations can be found HERE