To answer a few questions about The Moorings:
We did seek out the financing
; but they were dragging their tails and could not come up with the money when we need it. The Moorings gave us the name of a lending agency, Essex Credit, Bill Kramer. He did it in a very short period of time since the other guy couldn't come through. Phone
#1-866-377-3948 ext.7011. Same deal as the other guy so there were no additional charges or kick backs that I know of. I also had the boat incorporated no additional charge; I am not sure if itwas through Essex of The Moorings.
We had a choice of locations and since we never had been to the USVI or BVI we chose the Tortola Base, in the BVI.
It works for us because we are retired and can make arrangements on the off season. We book the trips for either the 2 weeks before the high season or at the end of the high season. Weather
conditions are very similar to the high season in most cases.
We get to use sisterships in any of the bases that The Moorings own. We don't have to sail to our destination
, just fly.
They pay for everything for the first 5 seasons; insurance
, mortgage, dockage, maintenance
which also include replacing anything defective or broken. I did not like the way the heads were working and told the base manager, next time we chartered they replaced all 4 heads with new heads.
We use the boat 4 weeks in BVI; which is the base it is kept in. You use any boat you choose for 4 weeks/year at the base it is docked.
We get 6 weeks to use any where there is a Moorings base. You fly there and sailaway from that base. There are a couple of walk inweeks; which means you can call in and ask if a bout is available 2 weeks before you charter. If there is one available you can use it.
There is a trade
in value in your contract so that if you continue with the program, they buy out the old boat and you can reenter the program as long as you buy the same size boat or larger.
This was not a problem for us; since we are going to keep this boat. We will probably take a year off out of the program and then go back in.
It also depends on the size of the boat and usage when selling the boat on the market. There is a guy that is also a member
of the Moorings Owners Group who helps out with the sales of some of the boats; not connected with the Moorings organization. He developed sailonline.net — Great Products for Tech Professionals
If you may be interested in any additional info I met a great gal down in Tortola; even though she did not sell us our boat she is the rep in the BVI; and takes care of us and is full of info about the area.
Derrylyn Churchwell 1-284-494-2331 ext.2149
If you contact her mention our name Sal & Janet Mannuccia s/y NIRVANA, M494