Price

Each Syndicate Ownership has been valued at £31,500 per 16/64ths share but is currently offered at the discounted price of £16,999 for the first two 25% shares.

Finance

We are willing to consider financing your purchase, subject to status, as follows (example shown for first syndicate share):

Initial Payment: £9,999

followed by 47 monthly payments, each of £153.50

and 1 final payment of £148.37.

Amount of Loan: £7,000

Total of Monthly Repayments: £7,362.87

Total Interest (cost of credit): £362.87

Interest Rate: 2.5% pa (on monthly reducing balance)

APR: 2.5%

Total cost of purchase: £17,361.87

(initial payment + 36 monthly payments)

Please note:-

• Repayments are by monthly standing order
• Loan secured by 50% of your syndicate share (ie 8/64ths) and recorded as such on the Ship's Register.  This does not affect your rights of use (12 weeks per year) or your responsibility to meet your financial obligations in respect of maintenance, repairs, upkeep and other annual costs.
• The retained 50% of your syndicate share will be transferred to you and recorded on the Ship's Register upon the loan being repaid in full.
• In the event of a loan default, your rights of use will be suspended and your syndicate share will be placed on the open market.