I'm someone with a long interest, but little experience, in live-aboard
cruising. Recently, I decided I needed to actually learn something about it: http://www.cruisersforum.com/forums/...o-158314.html"
Since then, I've signed up for an ASA
101 course, and looked around at my options for getting some helm
time. I could, of course, take more courses. The school
I've contacted runs a boat
club, and I'm sure there are others around. I've found a couple of places that will charted 23-27-foot keelboats, on a few nearby lakes. I will look into all of these.
I ran across another option, yesterday. There are a few folks looking for shares on a 27-foot Catalina
, that they intend to berth on lake within easy driving distance. They're aiming at a six-way share, at a cost of $2000, plus $35/month for insurance+slip. (For comparison, a two-day charter
of a similar boat
on the same lake runs $500).
I'm seriously thinking about it.
Searching the forum, I've seen some discussion of boat timesharing: http://www.cruisersforum.com/forums/...ches-3691.html
. I'm not sure this is going to be that formal, but it does provide some interesting questions.
Does anyone have any ideas as for anything I should be looking for, in particular?
The questions that come to mind:
- Who would hold title
- What is the condition of the boat
- Who would manage and maintain the boat
- How would we manage scheduling
- How would maintenance and repair costs be handled
- How long would the arrangement continue
- How would the boat be disposed of at the end of the arrangement
Reading the Admiralty Law post, above, raises what might be the most important question, what liability would I be exposing myself to, other than the loss of the investment? The investment itself is small enough that if it all ends up lost
, I could just write it off as a learning
experience, but if someone lets his idiot nephew wrap the boat around a Mississippi
River coal barge, what would be my exposure?
Anyone have anything else I should be looking out for?