Fractional Ownership

Twinpalms One 76'

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Why Fractional Ownership?

For decades now shared ownership of expensive and seldom used leisure assets such as holiday apartments, air crafts and luxury boats has become accepted worldwide.

The concept of timesharing is very well established. Thousands of families and individuals enjoy affordable, travel and vacations in exotic locations all over the world. Fractional ownership of aircraft such as Gulf stream, Citation and Lear jets account for the major share of general aviation aircraft sales in the USA. Twinpalms Phuket now introduces the same shared ownership concept to Phuket’s rapidly expanding luxury boating sector, providing an affordable packaged equity option in the unique Twinpalms One luxurious yacht.

Why own a whole yacht when you can own as much or as little as you will actually use, sharing the cost of management, crew, maintenance and service with your ownership partners.

Ownership

Twinpalms One luxurious yacht fractionally owned yacht is effectively owned by a separate company structure, in which a defined equity shareholding package entitles the shareholder to regular use of the companies sole asset, the yacht. Ownership lasts for the economical life of the vessel, as determined by the shareholders jointly. Shares can be traded and transferred during the economical life of the vessel, subject to the Shareholders Agreement and due diligence checks.

Access and Bookings

Phuket Premier Yachting Co., Ltd. will berth, maintain, service and valet Twinpalms One in Ao Po Marina*, always to be ready for owner planned use. Owners may pre-book their annual fixed boat use entitlement, up to 4 months in advance. 85 days per annum remain un-booked, of which the necessary number of days will be used for regular maintenance and the remaining un-booked days, not required for maintenance, will then be available for private charter or as shareholders stand-by days.

All owners will share in the charter revenues generated from the un-booked days by reduction in the yearly maintenance fee. In addition, should you run out of your own allotment of days, you will be able to book extra days on Twinpalms One subject to availability and a daily charge that will be agreed between the owners.

* Marina selection to be reviewed as development occurs.

Maintenance

Twinpalms One maintenance, cleaning, valet, mechanical, registration insurance, marina fees, captain & crew costs and corporate services are provided by our professional contractors under the supervision of the General Manager of Phuket Premier Yachting Co., Ltd.. Shareholders should at the time of share allocation, pay the first year’s maintenance levy in advance together with the required fuel deposit and insurance bond deposit.

Shareholding and Entitlements

Twinpalms One fractional ownership program can be acquired in fractions of 10%. You decide how much or how little you wish to acquire according to your individual needs with each 10% fraction providing you with up to 28 pre-booked days and unlimited stand-by days. Each of the 28 days includes full crew and a THB 10,000 fuel allowance.

For detailed information please visit our website twinpalms-cruises.com

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