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post #3 of Old 06-26-2012 Thread Starter
sprtn94
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Re: Crewed Charter Ownership

Thanks Tim,

Licensing is an issue in the BVI's. They now require a BVI captains license - (not yachmaster) and they don't make it very easy for non-belongers to set up shop. You can enter BVI waters, clear customs and go about your merry way without issue. Picking clients up in Tortola is a whole different ball game.

Yes, I 've been playing with the numbers and this is not a get rich quick business. Yet it seems plausible to break even with around 14 weeks of chartering, if I don't have crew expenses. I've owned several businesses and I have a pretty realistic outlook on this industry. Repairs and equipment failure is the big unknown, pretty difficult to forecast what your actually going to spend. Major economic issues are also a concern (euro collapse, us financial markets etc) as they would kill the charter market overnight.
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