Charter management

If you would like to own your private yacht but you are not sure you could finance it, maintain it or you do not have enough available time to use it for more than 4 weeks a year, Bali Yachting World charter management is the best choice for you. Bali Yachting World Charter Management program is essentially our range of services that ensure our care of your yacht and its charter guests, making sure that your yacht reaches its maximum charter income potential and retains as much value as possible over the years. This program is designed to provide you with the easiest way to owning your own yacht by financing the yacht’s purchase, its maintenance and running costs out of charter income. Join our charter management program and carelessly enjoy your dreams coming true.

Croatia Yachting is an authorised Bali Catamarans dealer for Croatia and Slovenia and can therefore offer you special purchase conditions, high maintenance standards that will ensure the best resale value for your yacht and high-quality aftersales support with prompt processing of claims throughout warranty. In addition to that, Croatia Yachting is one of the strongest charter companies in Croatia, with an in-house charter/booking agency, that will enable you to cover all your ownership costs through charter income and arrange favourable financing through affiliate leasing companies. Our AA Creditworthiness Certificate is a confirmation of our financial stability that guarantees the security of your investment. With charter bases located on the Croatian coast, you are all set for spending your sailing vacations on one of the most beautiful coastlines in Europe.

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We would like to stress the fact that a discount is not the most important factor when buying a yacht for charter. The most important fact is the purchase price/charter income ratio supported by a strong charter company which is able to achieve good booking results for your yacht. We, as the biggest charter company in the area, are able to provide booking results/charter income than cannot be matched by any other charter company or brand in Croatia.

Bali Catamarans bring a lot of new and innovative solutions that make life on the sea even more comfortable in comparison with catamarans from other brands. Open space without any bulkheads is a Bali Catamaran specialty while the forward cockpit, a characteristic of every Bali Catamaran, represents an ideal area for relaxing and sunbathing. The panoramic view and an unbeatable amount of fresh air in the saloon are the result of large windows that are fully retractable. This also makes the communication between the saloon and the forward cockpit on all Bali Catamarans really simple. Another thing that you and the charter guests will like is a high level of self sufficiency with large fresh water and fuel tanks, and yet unseen sizes of refrigerators that are installed on Bali Catamarans. Besides that, Bali Catamarans offer a great variety when it comes to cabin layouts and you will surely find an option that suits you and the charter guest best and with that guarantee good booking results.

In the Bali Yachting World ownership model the purchase of the yacht can be financed in different ways: savings, loan or leasing. Still, the most suitable and common way of yacht purchase is leasing. The purchase is financed with a deposit that is usually between 35% and 50% of the purchase price while the minimal deposit required by leasing companies is 30% of the purchase price. The rest is paid in monthly or quarterly annuities. We will provide the most convenient sources of funding through our cooperation with leasing companies known for their lasting professional experience in yacht financing. You are free to take care of the financing in your own arrangement if you wish to do so. With the Bali Yachting World Ownership model the investor’s charter income should cover the monthly leasing or loan annuities along with all the other costs.

In the Bali Yachting World Partnership model the investor needs to finance 55% - 60% of the yachts purchase price (depending on the yacht model) while the charter company pays the rest. The investors share cannot be financed with a lease as the investor does not become an owner until the end of the 5 and a half year period. After 5 and a half years in the program the purchase of the yacht is fully financed and the investor becomes the sole owner of the yacht.

In the Bali Yachting World Ownership model, the contract is signed on a yearly basis for one year. You can back out of the contract at any time but you would have to reimburse the down payments of the charter clients for the periods that are booked for charter within the initial period covered by the contract.

In the Bali Yachting World Partnership model, the contract is signed for the period of 5 and a half years. After your initial investment, there are no further obligations for you arising from the contract. After the 5 and a half year period the contract expires and you become the sole owner of the yacht. If you wish to do so, you can start earning extra income with your yacht by entering our Bali Yachting World Ownership model.

BALI YACHTING WORLD Ownership

Charter income is shared in proportion 65%-35% in favour of the investor.

Out of 65% of the charter income the investor finances:

• annual berth
• all-risk yacht insurance (Casco) including insurance against loss of charter income
• yacht maintenance

Out of 35% of the charter income the charter company finances:

• agency commission for sub-agents
• marketing and promotion for the yacht
• charter booking
• coordination, reception and support for the charter guests

In other words, we are paid for booking the yacht either directly or in cooperation with partner agencies and for taking care of charter guests. The remaining income goes to the yacht owner.

BALI YACHTING WORLD Partnership

The charter income is not shared with the investor as the charter company takes care of all the running and maintenance costs.

Out of the charter income the charter company finances:

• annual berth
• all-risk yacht insurance (Casco) including insurance against loss of charter income
• yacht maintenance
• agency commission for sub-agents
• marketing and promotion for the yacht
• charter booking
• coordination, reception and support for the charter guests

In the Bali Yachting World ownership model you can buy the yacht in your name or in the name of your company and register it accordingly. Still, only a company has the right to claim VAT reimbursement which significantly affects the final price of the yacht as well as the prices for yacht maintenance, berth and so on. This is why we suggest opening a company in Croatia or in other EU countries if you do not have one. The yacht has to be registered in the EU, meaning that it has to have an EU country flag and that includes Croatia. The process of founding a company in Croatia is rather simple and it costs about 3.500 EUR (26.000 HRK) of which 2.500 EUR is basic capital that can be used afterwards. We offer full support in the process of founding and running a company.

In the Bali Yachting World partnership model, the yacht is purchased and registered in the name of our charter company under a Croatian flag while you mortgage the yacht to secure your investment. After 5 and a half years, the ownership is transferred to you and you can register the yacht in your name.

When assuming ownership of the yacht you have to pay the 25% VAT on the yacht’s remaining value (market value or book value, as considered by the local tax authority, which is usually between 50% and 60% or the initial purchase price).

Sometimes the build year of the yacht is not that important – regardless of the yachts age, a properly maintained yacht is the only way to a satisfied charter guest and at the same time the key to a successful business process. Consequently, our professionally educated staff constantly supervises the condition of the yacht and its equipment. With regular services we act in advance in order to prevent any bigger malfunctions and to provide a safe and high quality vacation for charter guests. With continuous supervision and maintenance we ensure the longevity of your yacht and equipment as well as a higher price in charter and a higher market value when you decide to sell the yacht. The owner of the yacht has a permanent insight in maintenance processes and their cost – the yachts that we hold in our bases are the best evidence of the quality of service that we provide.

As an official Bali representative we guarantee high-quality aftersales support with prompt processing of claims throughout warranty and after the warranty has passed. In fact we will make all the warranty claims for you to ensure the yacht is always in top condition.

All yachts in our charter fleet are covered with a full CASCO insurance policy. Damage repair costs are covered by the insurance policy or the charter client responsible for the damage. Repairs are done either by us as an official Hanse representative or a third party specialized service, depending on the nature of the necessary repairs.

The yacht is insured with a full CASCO insurance policy that covers all damage repairs and the loss of charter income from the first day of damage.

The full CASCO insurance policy covers the loss of charter income from the first day of damage, for all weeks that were booked at the time of the damage and the vessel will not be able to preform them.

In the Bali Yachting World Ownership model you can use your yacht as much as you want but we recommend up to 4 weeks of usage per season, including 2 weeks in high season in order for the charter income to cover your financing, maintenance, berth and other expenses. You can also use your yacht whenever it is not booked for charter.

In the Bali Yachting World Partnership model you can use the yacht for up to 3 weeks including 1 week in high season.

When using the owners’ week the owner is supposed to cover only the costs of yacht preparation and local taxes without paying the charter fee. Just call and book the vacation on the yacht – we will take care of everything else.

• You can transfer to our Bali Yachting World ownership model and earn extra income with your yacht.
• You can sail away with your yacht.
• You can trade in your yacht for a new one.
• You can sell your yacht and perhaps finance a new yacht purchase with the help of Bali Yachting World partnership model.

If you decide to sell your yacht, we can help you with that through our yacht brokerage service.

In a very good and fully functional condition. Of course, the result of chartering is a higher level of wear of the yacht which can be taken care of with minimal investment and reconstruction. In any case, most of the charter yachts in our fleet are in better condition than many private yachts, due to the fact that they are constantly supervised and regularly maintained by professionals in our charter company.

In our experience, after 6 years in the Bali Yachting World Charter Management program the yacht’s market value is roughly 65% of its initial purchase value. This is also one of the advantages when choosing a Bali Catamaran, as there are not that many used Bali Catamarans for sale in any particular moment, as is the case with other established catamaran brands.

Profit Projection Review – Bali Yachting World Ownership examples

The annual expenses do not include leasing or loan annuities as this is subject to change according to your financing plan and initial deposit.

NOTE:

Prices do not include VAT. Purchase price is subject to change depending on date of purchase and effective Bali catamarans pricelists. Quotes correct at the time of print. All of the above is for illustration purposes only. Finance – subject to status – Terms & conditions apply.