We are looking for like minded persons living a long way from the UK to join narrowboat syndicates that are structured for 4 to 8 week usage periods. This will suit Australians and others living far from the UK. We will limit shareholding to either 4, 5 or 6 per syndicate which allows better group cooperation, more access to the boat and overall closer collaboration.
The reason we have chosen to structure a share boat scheme, is that most internationals who have the time would require the boat for between 2 and 3 months PA. I know "International Canal Junkies" who own their boat, however after their initial cruising period they have reverted to a 3 months a year cruising which became very expensive and did not make sense as individuals, thus they have sold.
Current Narrowboat share schemes are predominantly owned by UK residents and close European residents, who find 2 consecutive week allocations acceptable. However for an Australian and other international residents, we believe that this would be too short. We would suggest that an "International" requires at least 4 consecutive weeks or even 8 consecutive weeks per year. To date we have not found a syndicate that could guarantee a 4 or 8 consecutive week usage period.
Thus we are establishing our first "International Syndicate" giving users up to 8 consecutive weeks usage at a time. Syndicate One is looking for 3 to 5 like minded people who are financially able and time available to commit to a syndicate and who would be looking to use such a boat for the next 5 to 6 years, at least.
Current UK syndicate shares have up to 3 other persons per share who are authorised to use the boat and who while under their command are also covered by the boats insurance policy. We are investigating this and if it is so, then each shareholder may pass on the usage in a year to one of his nominated names on the share certificate.
. To date we have :
Confirmation that as an International resident we are able to obtain insurance at very fair prices and that they will cover an International Syndicate. Confirmation regarding the other "named persons" per shareholding is awaited.
Obtained a share boat agreement constituted under English Law.
Structured a share boat process to give all shareholders three 2 month summer periods and two 3 month winter/maintenance usage periods over 5 years.
We are currently looking at suitable boats (4 fixed berths with a stand alone saloon table). Used and new boats are under consideration for syndicate one. New builds are competitively priced against the used market.
If you are interested in an international syndicate Narrowboat ownership scheme that gives you at least 4 to 8 weeks usage PA then please contact us for further information such as budgets,insurance,boat design, draft share agreements and boat purchase possibilities. email@example.com
Posted: Fri, 2 Sep. 2016
Expires: Fri, 1 Sep. 2017