Shared Yacht/Fractional Ownership in the Ruby Yachts Shared Yacht Program provides a way for you to have a capital interest in a new boat without being 100% financially responsible for it. The concept assumes that you will be using the vessel for only a fraction of a year; so why pay for it while it just sits at the dock? Also, when you want to use your boat, you don’t want to spend your precious time cleaning and maintaining her, do you?

The Ruby Yachts Shared Yacht Ownership Program solves these two problems.

With Shared Yacht Ownership you will receive a 12.5% interest (share) in Ruby EY80HF LLC, which will be the owner of Ruby 80. The interest will entitle you to 35 days (5 weeks worth) a year of rent-free use of Ruby 80. Use your days anytime you want, subject to availability. You pay only for your fuel, dockage and food expenses while you're out.* Although you share in the normal expense of maintaining Ruby 80, when your share is paid for (either with a cash purchase or through personal financing) you continue to enjoy her “company” for just the maintenance and management expense dollars per month. It's very similar to a deeded timeshare condominium, except this condominium floats and travels!

Ruby 80 comes to you as a turnkey vessel, complete with a licensed Captain, electronics, appliances, dishes/cookware, furnishings, linens, dinghy and a full tank of fuel. Simply start the twin engines, set your course, and you're on your way!

Make	Ruby Yachts
Year	TBD
Model	Expedition Yacht House Forward
Material	Steel
Length	80' 0"
Beam	21' 0"
Draft	4' 6 "
Fuel Capacity	4,000 Gallons
Water Capacity	500 Gallons
Holding Tank Capacity	200 Gallons
Engine(s)	Twin 425 HP John Deere
Vessel Speeds	Cruising: 8 Knots Maximum: 10 Knots
Generator	35 KW
Docking and Safety	Anchor and Electric Windlass Docking Lines 4 Fenders 10 Person Life Raft 10 Life Vests Signal Flare Kit
Electronics	VHF Radio Compass GPS/Chartplotter FishFinder 48 Mile Radar Autopilot Searhlight
Staterooms	5 plus Crew
Heads	5 plus Crew

Price of Vessel	$5,600,000
12.5% Share Purchase Price	$700,000 plus applicable taxes & fees
Monthly Maintenance      (accumulates until needed)      Captain      Slip Rental      Insurance      Maintenance and Repairs	$5,835
Vessel Management Service	$585
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Maximum Monthly Cash Outlay For 5 years The only exception to this would be in the unlikely event of a premature major engine failure, or something of that sort, after the applicable warranties have expired. And then, your obligation is limited to only 12.5% of the cost.	$6,420

Use of Ruby 80 is based on 35 days (5 weeks) per full calendar year, with the first year being prorated from the time of purchase to the end of the year. On January 1 of every year each owner will be credited with the time allotted for that year. Days cannot be held over from year to year. Days/weeks on Ruby 80 will be selected on a first-come-first-served basis, and will typically run a week at a time beginning on Saturday at 9:00 AM and ending on Friday at 5:00 PM.

Shorter blocks of time may be available on a week or less notice, subject to a $550.00 per stay housekeeping and management charge, plus the Captain's expenses. This charge covers washing and cleaning the vessel inside and out, clean dishes, clean linens, checking fluid levels, etc. This ensures that Ruby 80 is in tip-top shape each time she is taken out. You will always want her clean and healthy in order to minimize the chances of anything spoiling your fun.

Also, instead of using all of your time yourself, you may choose to make Ruby 80 available for charter. Ruby Yachts will act as your Charter Broker -- handling all of the paperwork, collection and disbursement of deposits and charter fees and check-out/check-in service -- for the industry standard rate of 15% of the charter fee.

ARE YOU STILL INTERESTED?

If Shared Yacht Ownership on this level appeals to you, we invite you to contact us in order to discuss this further.

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All information and specifications contained herein are subject to change without notice.

*You will be responsible for any actual damage done to the vessel while it is in your hands.
Less than seven days usage at a time will incur a nominal $550.00 housekeeping and management charge, plus the Captain's expenses.