What are “owner time weeks” ?
Private individuals purchase boats like those in our catamaran fleet and place them in charter with a major yacht charter company. This arrangement is commonly used by people who want to own a boat, but want to avoid much of the cost to maintain it. Both the charter company and the boat owner reap a myriad of advantages. The primary reasons this type of arrangement works are:
- The charter company gets to charter the boat and keep the profit.
- The catamaran owner gets to enjoy the boat for an agreed-upon number of weeks per year without headache and expense of maintaining the boat.
The owner’s allotted weeks are called “owner time”. Often, a boat owner does not need all of the allotted owner time so often it is sold to offset the expense of the boat purchase. Read more about our discounted owner time rates.