Re: Crewed Charter Ownership
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.