Friend of mine recently bought a 45' sloop
, but then tricky life events
got in the way, so no cruising for him for 2-3 years. So, I am going to cruise
on the boat
, and tackle the "to do" list, starting with a new engine
. Question is, how to fairly split the costs? Capital costs (new engine
etc) are on the owner. Daily costs - fuel
, marina fees
, etc, are on me. But what about insurance
, and marina fees
for the months of the year I can't use it? And wear and tear on sails
etc, and all the other things? And what about the value of useful work
I do to improve the boat
, and keeping it safe and loved until the owner can start cruising?
Thanks for your ideas!