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Go Back   SailNet Community > General Interest > General Discussion (sailing related) > Boat Share Ideas Please
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Thread: Boat Share Ideas Please Reply to Thread
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Topic Review (Newest First)
06-05-2013 05:05 AM
JohnnyD
Re: Boat Share Ideas Please

Apologies. John Davis, [site name removed] founder and part time programmer.
06-04-2013 09:56 PM
Geoff54
Re: Boat Share Ideas Please

Quote:
Originally Posted by JohnnyD View Post
I've been sharing a boat for the past 6 years with largely no issues - there was that one late night phone call but that's another story. I have had one steady partner and a handful of others that have come aboard for a year or so and then left - usually under good terms. We take the boat out together at least 1/2 the time and generally enjoy each others company and families. We started with a formal agreement to get things sorted out but most things are done on a handshake. I would strongly encourage you to use an online scheduling system such as [site name removed] - phone calls and emails just didn't cut it after a while.

Generally, sharing the boat has been great and I would recommend it highly.
JohnnyD,

Would you be John Davis by any chance? If so you need to declare your affiliations.

Thanks
06-04-2013 06:36 PM
JohnnyD
Re: Boat Share Ideas Please

I've been sharing a boat for the past 6 years with largely no issues - there was that one late night phone call but that's another story. I have had one steady partner and a handful of others that have come aboard for a year or so and then left - usually under good terms. We take the boat out together at least 1/2 the time and generally enjoy each others company and families. We started with a formal agreement to get things sorted out but most things are done on a handshake. I would strongly encourage you to use an online scheduling system such as [site name removed] - phone calls and emails just didn't cut it after a while.

Generally, sharing the boat has been great and I would recommend it highly.
12-28-2012 10:05 PM
CalebD
Re: Boat Share Ideas Please

I'll add my $.02.

We have owned our Tartan 27' for over 10 years now. I have always had at least 1 partner in the boat. Initially we had a 3rd individual and we all knew each other from college. The 3rd fellow had 5 boys and could not spare money or time for upkeep and eventually we outspent him, effectively buying him out. We are all three still friends though.

It has not always been all days of wine and roses. I was warned by a friend who has always had boat partners when I got into this NOT to expect this to be a partnership of equals. While this may have rankled a bit at first it soon became apparent that my remaining partner had strengths and skills that were different from my own. I have come to appreciate that my boat partner has considerable skills with electrical wiring, engine work and rigging. This leaves most of the epoxy, painting and other boat "snot" chores effectively in my court while I do overlap with the other tasks as well. In effect, our differences ARE our strengths.

I would not have owned our boat ($4K initial purchase price) for so long or been able to get new sails for the boat WITHOUT my long term partnership. It is not a walk in the park but it makes me happy to be able to get out on the water on "my" boat without costing several arms and legs.
12-28-2012 03:34 PM
RossC32
Re: Boat Share Ideas Please

Thanks everyone for the very positive feedback on this idea. I was once in a full partnership with two other people and that worked very well. On the other hand, a friend of mine ended up having a disastrous partnership. One odd thing about my previous partnership is that it actually began to cost a little more than I could afford. It was very easy to spend money on better equipment and/or on having work done instead of doing it oneself: “Gee, one third of $1,000 is only $333.33! Let’s go for it!” My partners were great guys but had more money than I did

Sailingfool brings up the issue of insurance and legal aspects of sharing use and operating costs rather than being full owner/partners. These are very important and have been on my mind. I will start by checking the insurance situation with my company.

Ninefingers provided a link to a boat partnership. Thanks, I’ll be looking into that.

Jgbrown asked if mine was the boat out on the hard on Granville Island for a while. If you mean during the summer, and the bottom was being painted red, then yes it probably was. Thanks very much for the compliment. I like the boat!

Obviously personality (and anality(?)) are critical in something like this and those are hard to fully assess, even in close acquaintances, let alone strangers. An ‘interview’ and some sailing together should help. Has anyone got any pointers on other ways to bring out incompatibilities?

Again, thanks for the feedback so far.

Ross
12-28-2012 02:15 PM
Ninefingers
Re: Boat Share Ideas Please

Here is some boat sharing software, and a sample share agreement form. I was a member of Sailtime, and the scheduling software looks very similar. It automatically creates equitable time slots according to how you configure and how many members you have.

Boat Partnership
12-28-2012 12:40 PM
Faster
Re: Boat Share Ideas Please

Quote:
Originally Posted by azguy View Post
If you have a good partner and are not super anal about things it's a perfect set-up.
That's probably the key ingredient right there... unless you're both equally super anal
12-28-2012 12:32 PM
azguy
Re: Boat Share Ideas Please

I shared ownership of a power boat with a freind when I lived in southern California, it was great, we split everything 50/50 and alternated weekends. During the week we would just give the other a heads up as to usage. We did it for 5 years and it cost me $1,000's less than sole ownership and I did not have to feel bad if I missed a weekend which I did before I sold 1/2 the boat.

If you have a good partner and are not super anal about things it's a perfect set-up.
12-28-2012 11:22 AM
sailingfool
Re: Boat Share Ideas Please

I have been in a shared ownership arrangement with a sailing friend that worked quite well over 10 years. Shared means both names on the documentation AND on the insurance.

If you want to consider sharing the use of your boat, but not the legal ownership, then it needs to be well defined legally. I would expect that for your own legal protection, the other party should sign a charter agreement outlining their use privileges and obligations, and more importantly, your legal protections. You will need a rider from your insurance company for the other party, and this may be troublesome to get as in my experience most marine insurance companies do not want to do charter riders. You may need to shop around for an insurer willing to do so.
12-28-2012 12:42 AM
Jgbrown I'm not interested, but was wondering if she is the centurion 32 that was out at Granville island on the hard for a bit? If so, she sure is a pretty boat.



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