OTTER
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Original share price when boat was new in 1991: £3,172
SIGNIFICANT ADDITIONS or REFURBISHMENTS SINCE NEW:
Reconditioned engine 1998
New upholstery 2001/02
Rewired with mcbs on new control panel 2001
New instrumentation fitted 2002
New carpet, new window blinds 2003
Independent survey carried out - satisfactory report available on request 2003/04
New electric 'fridge 2004
New leisure batteries 2004
Full repaint Sept/Oct 2007
New carpet/curtains, dinette upholstery/ galley & bathroom (winter 07/08)
|
SALE PRICE |
SALE STATUS |
SPECIAL SHARE |
MONTHLY RUNNING COST CONTRIBUTION |
PRE-BOOKED WEEKS IN 2008 |
BOOKING CHART POSITION FOR 2009 |
||
|
£1,500 |
FOR SALE |
NO |
£89.61 | 7 March | 4 April | 11 April | 9 |
Special Share: Owners of shares that have “special” status pay a premium of 25% on their running costs contribution. i.e. If they have a twelfth share, they pay 125% of a twelfth of the total running costs. Owners of shares that do not have “special” status then pay a little less so that the total remains the same. This reduction for “non-special” share owners is therefore greater if there are more “special” shares on the boat, and less if there are fewer “special” shares on the boat.
Current Running Cost Contribution: Although shown above as a monthly figure – for personal budgeting – OwnerShips manages a “sinking fund” (!) for each boat into which owners make an annual contribution. The amount of this contribution is decided by the owners each year at their annual end of season owners’ meeting organised by OwnerShips. When a prospective owner purchases a share in an existing boat in the scheme, he/she will be asked for a proportion of the annual figure according to when the transaction takes place. eg. if the purchase is made in May, the purchaser will be asked for two thirds of the annual contribution.
Prebooked Weeks: Each twelfth share owner books in advance each year up to three weeks (including a fortnight if preferred). Once all owners have done this, additional weeks/part weeks/weekends may be selected at no additional charge.
Booking
Chart Position: Position 1 indicates highest priority for pre-booked weeks,
whilst position 12 indicates lowest priority.
But then position 12 indicates highest priority for additional bookings
whilst position 1 indicates lowest priority.
Positions in between are pro-rata on the same basis.
The booking system is arranged such that every owner is in a different
priority position every year, and the whole system rotates every six years.