THE CONCEPT OF YACHT MANAGEMENT

Millionaires or big investors are not the only proud owners of private yachts. Yacht ownership can be an exhilarating and simultaneously rewarding investment.

If you own a yacht under KIRIACOULIS management, you can sail your yacht without worrying about the costs of the insurance, marina, spare parts and maintenance.

You can leave all the costs related to your yacht and the corresponding trouble to us; the only worry left to you is scheduling the period and the area of your holidays.

To buy a yacht and keep it private is very expensive. It costs a lot more to maintain and keep the yacht in good condition. Furthermore, the owner can sail only within certain navigation limits!

When you buy a yacht through a KIRIACOULIS management plan, you save all the expenses and you have the opportunity to sail from 26 departure bases within the Mediterranean & the Caribbean, while at the same time you have an income.

Therefore, why don’t you leave it to the professionals, who guarantee that having a yacht is not a source of extra costs and trouble but a source of extra income and fun?

PURCHASE OPTIONS

KIRIACOULIS offers the following yacht management projects for the purchase of your yacht:

In Project No 1 – GUARANTEED INCOME, you pay the full price of the purchase of the desired yacht and receive a fixed amount of annual income for the duration of the contract.

In Project No 2 – SINGLE PAYMENT, you pay significantly less, only a part of the purchase price of the desired yacht, but you do not receive any income.

In Project No 3 – PAYMENT AT TWO TIMES, like in project No. 2, you pay significantly less, only a part of the purchase price of the desired yacht, but you split approximately your payment in two parts, one at the beginning of the contract and another at the end.
In this project you have also the option not to pay the second payment at the end of the contract and to leave the yacht in the ownership of KIRIACOULIS without any further obligation from your side.

In Project No 4 – OPEN MANAGEMENT, you can pay the full price of the purchase of the desired yacht, you either make a single payment and we finance you the rest and you receive a flexible annual income in accordance with the charter sales performance & the yacht’s expenses.

DURATION OF THE CONTRACT

All projects have duration between 3½ and 6½ years and they are ending at all cases, regardless the delivery date of your yacht, by the 30th of October for Mediterranean locations and by 30th of April for the Caribbean locations.

We are also open to design a different duration of contract for your yacht in accordance with your needs.

RUNNING COSTS

There are not any!

In the projects No.1, No.2 & No.3, Kiriacoulis undertakes all the expenses and repairs during the duration of the contract. Costs such as “Mooring Fees, Insurance, Maintenance repairs, Spare parts, Winterage, Antifouling, Reception of the charter guests, Check in, Check out, Marketing costs for the charter sales, etc” are all borne by Kiriacoulis.

You are free to enjoy the pleasure and freedom of yacht ownership without having to worry about time (and money consuming!) necessities.

YOUR PERSONAL USE OF YOUR YACHT

The number of weeks you may use your own yacht (or similar) depends on the season you choose (high, mid, low). They are 6 weeks in low season or 3 weeks in mid season or 2 weeks in the high season. A combination between the seasons is also possible. Additionally you can take up to a further 4 weeks of short notice use each year, out of which the 2 weeks must be used only on your own yacht and the other 2 on any similar (or smaller) available yacht of the entire fleet.

To qualify as short notice use the reservation/booking must be made maximum 8 days (for yachts in the Mediterranean) or 16 days (for yachts in the Caribbean) prior to departure, and is of course subject always to the availability of the yachts.

Above conditions are valid only for projects No 1, 2 and 3. For project No 4 the owner uses are restricted only to your own yacht.

The costs of use to be charged to you are only:

  • EURO 153 for each departure for our administration and yacht preparation costs
  • The cost for the purchase of the security deposit
  • The costs of any options required.

If you would wish additional guaranteed weeks of use, this is also possible at a charge as per our charter pricelist valid each time minus a 40% discount specially granted to you. For low season, extra guaranteed weeks of use are possible to be arranged without cost.

On the other hand if you do not wish to use your yacht at all, it is possible to offer you better financial conditions, upon request.

COSTS TO PAY

Kindly note that all our offers are on ex-taxes base, therefore any fees to be paid to the authorities, such as income tax or other taxes that might arise in the future and we could not charge totally or partially to the charter clients, will be on your charge.

END OF THE CONTRACT

In the end of the Management plan, you may either decide to extend the management of your yacht with KIRIACOULIS under similar conditions or you may decide to sell it (our sales department is at your disposal to arrange the best possible conditions). We can even exchange it over a new yacht. Of course there is always the option to keep it as your own private yacht.

To be noted that all stipulated prices of the yachts are ex VAT, however a VAT may be required to be paid at the end of management over the yacht’s residual value.
Our staff can still maintain it and arrange, what you might feel appropriate to your yacht.
In the end of the management, the yacht and its equipment are delivered to you, in good working condition, in the same shape as they were new with the extension of the natural wear. You will also get a set of sails not more than one year old.

THE YACHT CHOICE

Apart from the yachts mentioned in our projects we are available to offer you quotations for the rest of the types of Bavaria, Dufour, Fountaine Pajot, Jeanneau, Beneteau & Lagoon ranges, upon request.

SECOND HAND YACHTS

Our big variety of Second Hand Yachts for sale is also available for you. The conditions depend on the type and the age of each yacht.

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