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Forum: Boat Ownership & Making a Living 07-12-2017, 19:17
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

I used to be based near the Moorings and TMM bases in Placencia, Belize. I would often leave my VHF scanning their working channels while I did boat maintenance...could be quite amusing! 🤣
Forum: Boat Ownership & Making a Living 22-11-2017, 10:05
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

Maybe "Im a YM Instructor...I'll sail where I damn well please.".

However, the YM Instructors Ive know have been extremely competent.
Forum: Boat Ownership & Making a Living 22-11-2017, 08:22
Replies: 30
Views: 7,690
Posted By belizesailor
Forum: Boat Ownership & Making a Living 21-11-2017, 05:35
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

Yeah, real world charter industry experience has no relevance.
Forum: Boat Ownership & Making a Living 19-11-2017, 10:21
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

Yes, must keep a close eye on charter operators and fleet policies.

I used to have a boat in charter which was significantly more popular than the others in the fleet. When time came around to...
Forum: Boat Ownership & Making a Living 18-11-2017, 08:30
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

Liability limitation: why charter/commercial boats are typically owned by corporate entities, not individuals. Typically liability is limited to the corp's assets (which should ONLY be the boat)...
Forum: Boat Ownership & Making a Living 17-11-2017, 17:39
Replies: 30
Views: 7,690
Posted By belizesailor
Re: If I charter my boat, and a renter sinks it, what happens?

Google up "Agreed Value Policy". Basically this means that in the (unlikely) event of a total loss the insurer pays the agreed amount. You of course need to have a commercial use policy allowing...
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