Sardinia Luxury Tax on Mediterranean Yacht Charter Vessels Abolished

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Surprisingly, this question often comes up when our clients return from a memorable luxury yacht charter vacation.
Charter clients seem mesmerized by The Superyacht Experience.™ We’re thrilled! : ) Indeed, it’s hard to imagine any other vacation on par with yachting. It’s an experience where the superyacht serves as a platform for an eco-friendly adventure. Most of all, it’s a chance to reconnect with family and friends, embrace diverse cultures, and rejuvenate mind, body, and spirit.
But is it a “bridge too far” to transition from luxury yacht charter guest to superyacht owner? Actually, it’s fairly common for charterers to become superyacht owners.
Some people purchase a specific automobile make and model after renting one for a long trip. They like how the car looks and handles. Of course, they celebrate how the vehicle whisked them to a new destination, in style and comfort.
Similarly, charterers become enthralled with the creature comforts of a yacht. Certainly, the idea of arriving in an exotic destination on a floating villa is pretty darn appealing.
From there, the intrigue and hunger continue to grow. After all, why limit your family’s enjoyment of cruising to just one or two weeks a year?
The yachting lifestyle is addicting!
WE AT 1-800 YACHTCHARTERS CAN HELP YOU CHARTER OR PURCHASE A YACHT! You win with us because a portion of everything that we earn goes to the charity of your choice! We know the yachts. In addition, we know management. We charter these yachts. Our company knows Captains and professional crew. Most important, we know clients! YOU are important to us. We LOVE our job. 1-800 Yacht Charters cares about the ocean. We care about YOU. Our company works to make a difference every day. We give back. We’d love to be on your team!
Let’s take a look at three, popular superyacht charter vessels currently available for hire, and also available for purchase.
We never quite understood the meaning of Quantum of Solace as the title of the James Bond film. It doesn’t matter – naming superyachts in homage to Bond films is very popular. There are many James Bond boats as we like to call them. For instance, Octopussy, Skyfall, Casino Royale, and others.
There is even a superyacht named after the 2008 Bond film, Motoryacht QUANTUM OF SOLACE. The 72.6m superyacht was built in 2012 and refit in 2017. Here’s our description of the yacht on our charter website.
“Award-winning Proteksan Turquoise motor yacht QUANTUM OF SOLACE is noteworthy for a few reasons. Specifically, her spectacular lines and enormous volume. Charterers enjoy many entertainment and relaxation areas. For instance, her salons, bars, decks, and terraces. She is a Turkish build. The yacht features both interior and exterior design by H2 Yacht Design. QUANTUM OF SOLACE accommodates up to 12 guests in seven beautiful cabins.”
Her weekly charter rate is €560,000.
Her listed purchase price is $58,000,000.
Finally, a yacht with a name we can understand! Well…not really. We cheated and looked up the meaning. In numerology, the number 11 is considered a master number, and it signifies enlightenment. If you pair the number with itself, 11.11, it represents a message from the universe to become aware.
Cosmically, we’ve got a ways to go. However, even we’re aware that Benetti yacht 11.11 is stunning. Here’s a little history from our website on how this yacht came to be.
“Benetti yacht 11.11 is a winner from the 2016 World Superyacht Awards. She is only the second plumb-bowed boat built by the fabled Italian yard. This beautiful lady was originally commissioned to look like a Russian Czar’s palace. Her first owner walked away when the yacht was just 40% complete. A new owner stepped in to transform the yacht into an award-winning monochromatic masterpiece. What a fortunate owner! The current trend is to build yachts with hard, minimalistic edges. This yacht’s main living areas onboard yacht 11.11 offer suppleness and comfort.”
Here is a link to our video by company President, Jana Sheeder, for superyacht 11-11. Enjoy!
The weekly charter rate is €650,000.
The listed purchase price is €59,500,000.
Back in grade school, we were taught Pluto is the ninth planet in the solar system. Now, it’s referred to as a dwarf planet. It’s ok, Pluto – we‘ll still call you the ninth planet!
Avoiding the naming controversy is the 73.2-meter superyacht PLANET NINE. Forget outer space – there’s plenty to explore on earth. This yacht is built for ocean adventure. Our website notes describe this superyacht as a
“…Long-range high-quality luxury explorer yacht with serious go anywhere sea keeping characteristics, heavy build specification and suitable for sailing in ice conditions in accordance with its class notation. Dynamic positioning and suitability for global cruising. Commercially approved helideck suitable for an Augusta Grande dimensionally or larger helicopter in weight, up to 8 tons, with enclosed below-deck hangar.”
The weekly charter rate is €650,000.
The listed purchase price is €85,000,000.
Are you ready to charter or purchase a yacht? Please count on us. Let’s make a difference together. We created to term and the concept, The Superyacht Experience(tm), so we KNOW yachts, and we KNOW what you want to experience! Call, text, WhatsApp, snail mail, or email us today! Put us to work on your behalf! We stand ready.
This entry was posted in Educational Yacht Charter News Video Yacht of the Week Frequently Asked Questions and tagged Charity, Jana Sheeder, Planet Nine, president of 1-800 Yacht Charters, the superyacht experience, 1-800 Yacht Charters, yacht for charter, 11-11, The Superyacht Experience(tm), private luxury yacht charter, Quantum of Solace, yacht sales, James Bond, Planet 9, luxury yacht charter, benetti yacht charter, yacht purchase, buy a boat, boat rental, yacht for sale, motoryacht charter, charter or buy a yacht, buy a yacht
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The recent Fort Lauderdale International Boat Show arrives. FLIBS again delights.
We had the pleasure of taking a few of our best private luxury yacht charter clients (and dear friends) for a stroll along the docks. The couple had recently completed the construction of another home on a lot overlooking the water. They wanted to purchase a boat for weekend family outings.
We looked at the latest offerings from a few companies, for instance, Germany’s Fjord Yachts, the innovative expandable-deck boats by Italy’s Evo Yachts, and the trendy Holland-designed boats of VanDutch.
The model that really caught the attention of our friends was a sleek, aluminum-hull day cruiser. This yacht is built by Vanquish Yachts. It is the Vanquish VQ54. The boat is simply stunning. There is no other way to describe it.
We stood on the dock discussing the boat and the available color options. A passerby stopped and gazed at the boat. “Beautiful,” he exclaimed. “Too bad it’s made out of aluminum – electrolysis is bad for boats.”
As the man walked away, our friends seemed a bit confused. “What’s wrong with electrolysis?” asked the wife. “It’s a great way to remove unwanted hair!”
“It’s a little different with boats,” we said. We then explained marine electrolysis, and the possible damage it can cause to a boat or yacht.
For humans, Medical Electrolysis is a clinical method of removing individual hairs from a person’s face or body. A device is used to destroy the growth center of hair with chemical or heat energy.
For boats, Marine Electrolysis is the result of potential current existing between two different objects. It is often caused by stray electrical current, and can be extremely destructive (causes corrosion) on boats made out of aluminum.
The results generated by medical electrolysis are all positive – people can remove unwanted hair, and it is a permanent fix. With marine electrolysis, the results are not so good – and if not caught quickly, the corrosive effects to an aluminum boat can cause great damage (holes, water leaking into the boat, etc.), and require expensive repairs.
Aluminum boats are also susceptible to another related culprit. This culprit is Galvanic Corrosion. This can occur when two dissimilar metals come into contact with an electrolyte and create a natural electrical current. Salt water can work as the perfect catalyst for galvanic corrosion.
Examples of galvanic corrosion include:
Our experienced clients and friends then asked,
“If aluminum has so many problems, why are expensive private luxury yacht charter vessels like Feadship and Heesen yachts built out of aluminum?”
The answer is simple. Aluminum is light, but strong (think of airplanes). Aluminum yachts can be built to any size versus yachts made from molds. This allows great flexibility and customization that can’t be as easily achieve with fiberglass and other composites. As to the corrosion issues, manufacturers can take preventative steps to reduce and even eliminate the threats of marine electrolysis. Yachts are fitted with monitoring systems which constantly check for stray electrical current, as well as anti-corrosion anodes to negate electrical issues below the waterline.
So, while someday you may want medical electrolysis to look and feel your best, you most definitely do not want marine electrolysis – ever…
Thinking about buying a yacht? Take advantage of our “Try Before You Buy” program and rent the yacht for an extended “test drive.” Do this during your own private luxury yacht charter vacation. Up to 50% of the charter fee can be applied toward the purchase of the same yacht model.
In conclusion, give charter a try before planning a yacht purchase. For more information about private luxury yacht charters or purchasing a yacht through the 1-800 Yacht Charters’ Try Before You Buy Program, email 1-800 Yacht Charters at info@1800yachtcharters.com or call us at 305-720-7245. #yachtforsale #buyaboat #yachtcharter
This entry was posted in News Frequently Asked Questions Educational and tagged aluminum hull, yacht sales, fiberglass hull, luxury yacht charter, buy a boat, Try Before You Buy Program, fiberglass vs aluminum, Electrolysis, medical electrolysis, yacht sales broker, Vanquish, hair removal, VQ54, galvanic corrosion, Vanquish Yachts, yacht test drive, private luxury yacht charter, Fjord Yachts, Evo Yachts, VanDutch, Ft. Lauderdale International Boat Show
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Yachting in India
Recent reports in the Indian press indicate changes. Specifically, a new yachting culture has hit Indian shores. Globe-trotting Indians are starting to flaunt express cruisers and speedboats. These are the new symbols of wealth. In addition, families are renting large yachts for vacations together.
Malav Shroff of Mumbai-based Mahindra Ocean Group comments. “After you have luxury cars, upmarket living spaces, high-end accessories, and farmhouses, where would you spend your money? Yachts are becoming elements of aspiration for many.”
Anju Dutta, a sales broker for Marine Solutions says sports cruisers are hot picks. “We have sold 45 Sea Ray sports boats and cruisers in the last year…in places like Goa, Cochin, and Kolkata,” she says. Marine Solutions also gets demand for premium Italian models like the Ferretti 570 motor yacht. More commonly seen in the Mediterranean yacht charter market, such as the Ferretti motor yacht NUMBER OF COWES, interest in both buying and chartering mid-range Ferretti models in India is on the rise.
Jana Sheeder, President of 1-800 Yacht Charters has been monitoring the increased demand for yachts in India.
“Mumbai is the country’s yacht capital, says Sheeder. “The number of motoryachts in the city has increased form 100 to over 200 in the past three years. The city has over 700km of waterfront exposure and the Maharashtra government has plans to develop multiple marinas. This is truly an emerging yachting market.”
Many Indian-owned yachts are used exclusively by the owners. Further, others are now available for charter. Specifically, both in India and in ports around the world. Vijay Mallya owns the 95-meter motor yacht INDIAN EMPRESS. Sheeder and her company offer the yacht for hire. Her weekly rate is €600,000 plus expenses.
We will be in touch with you right away to plan The Superyacht Experience™ for you today!
This entry was posted in Yacht Charter Destinations News Frequently Asked Questions Educational and tagged Indian Empress, yacht India, Ferretti, Number of Cowes, yacht sales, Vijay Mallya, buy a yacht, Mumbai, India, How to rent a private yacht, How do I rent a yacht?, Mediterranean yacht charter, yachts as symbols of wealth, Indian charter market, boats as symbols of wealth, Jana Sheeder, Sea Ray, president of 1-800 Yacht Charters, sell a yacht
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Word recently came in that one of the largest private luxury yacht charter vessels in the market was just sold.
The 85 meter (279 foot) spectacular Lurssen motor yacht SOLANDGE has been sold. The deal closed on March 22, and the new owner has already taken delivery. The buyer was represented by Moran Yacht and Ship, and terms of the sale have not been released. She was listed for sale by Moran at an asking price of €155,000,000 (yes, boys and girls, that IS 6 zeros!)
The massive yacht was scheduled to participate in the Palm Beach International Boat Show, March 23 -26, 2017. Needless to say, the new owner saw no need to put the yacht on display, instead choosing to enjoy his new watertoy.
Launched in 2013, Solandge Lurssen motor yacht features the sleek exterior styling of naval architect Espen Øino, with a rich, rather eclectic interior design by Aileen Rodriguez.
“She is an amazing luxury yacht charter vessel,” says Jana Sheeder, President of 1-800 Yacht Charters. “Imagine a floating resort with a gym, spa, saunas, and cinema. There’s even a DJ booth on the party deck, and a 5.5 meter swimming pool on the aft. Best of all, this floating spa is private – only you and your family and friends are onboard!”
Yachtsmen and -women the world over want to know — will we be waving goodbye to Lurssen yacht Solandge…or will she remain in the charter fleet??? Is it Adios – or just Hasta luego? Do we say Tchau – or just Ate mais, beijo? Is it Ciao — or Addio?
Often, a new owner will remove the yacht from the private yacht charter marketplace, so he and his family and friends can enjoy her for extended cruising.
“For now, she remains listed for hire, but that could change,” says Sheeder. “Of course, for the benefit of our clients, we certainly hope she remains in the marketplace. Only a handful of the world’s largest yachts are available for hire, and motoryacht Solandge stands at or near the top of that elite list.”
Solandge accommodates 12 guests in a 7 elegant stateroom configuration. Her weekly rate is €1,000,000 plus running expenses. Her current schedule has her available for hire in the Caribbean through Spring, then in the Mediterranean for the summer.
To view and charter some of the world’s largest yachts, click https://1800yachtcharters.com/superyacht-charter/. Then contact us to discuss, text, or WhatsApp about any yachts that interest you. Even if you do not want to charter, we are happy to answer any questions about them for you!
This entry was posted in Yacht of the Week News and tagged price to charter a yacht, sales price of yacht, largest yachts, Tchau, private luxury yacht charter, Addio, sold yacht, motoryacht charter, Hasta luego, superyacht Solandge, Lurssen yacht charter, Adios, Solandge, Ate mais, motoryacht, Beijo, yacht sales, Moran, yacht charter price
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Megayacht charter customers take heart – the luxury yacht industry is alive and well. Superyacht sales soar in September 2009. Without active purchases and sales of yachts, there is no viable luxury sailing charter or megayacht rental industry. All sales bode well for the future.
September saw a number of 2009 brokerage sales records broken. In conclusion, 24 superyachts sell at asking prices totaling nearly 374 million EUROS. This is well above the combined total of July and August of 340 million EUROS. January to the end of April add to the number of superyachts with new owners – all to the tune of 372 million EUROS.
A few sample yachts finding new owners include:
Charlie Birkett, a yachting employee, comments:
“Understandably, expectations for what was once the start of the busiest season for yacht sales were conservative across the industry this year, and major brokerage houses reacted cautiously even to the apparent signs of recovery in August. However going into September we saw recovery consolidated somewhat with sales of the 60m+ yachts of prestigious yards and, speaking to other leading brokers at this year’s Monaco Yacht Show, the mood was certainly more optimistic.”
Basically, what his quote expresses is that the season starts slowly due to the economy, and as sales pick up, optimism grows.
This entry was posted in Yacht Charter News Educational and tagged Boat International Magazine, megayacht sales, Lurssen yacht charter, monaco yacht show, MYS, yacht sales, Shanti, Amels yacht, Boadicea yacht charter, Oasis
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Can sale of yacht affect vacation?
Did you know? Your fully-executed yacht charter agreement is not guaranteed. It’s not guaranteed that your yacht will be delivered to your desired port of embarkation on the start date of your vacation. Many charterers understand about mechanical problems or acts of nature, like hurricanes. These things can force the cancellation or the delay of a planned yachting holiday. Few realize the sale of the yacht can also result in a cancelled charter. Unfortunately, there is minimal recourse for the customer.
This is similar to many segments of the receding global economy. Sales of the largest yachts are in a major slump. Financial woes push increasing numbers of yacht owners to put their vessels up for sale. The result is a glut of yachts for sale with prices dropping each month.
“The fact that owners are actively marketing their yachts for sale, means charter clients must be keenly aware of whether or not their chosen yacht for their vacation is for sale,” states Jana Sheeder, President of 1-800 Yacht Charters and The SailAway Group. “Most charter contracts have an escape clause for owners if they sell their yachts before the charter. Of course funds are returned to the customer, but there is no guarantee a suitable replacement yacht can be provided for the same price and the same desired charter dates.”
To hedge the odds in favor of the charterer, Sheeder and her team try to promote newer-model yachts to their prospective clients. “Statically, owners will want to enjoy their new yachts for a year or two before considering their sale. We try to take advantage of this situation and promote newer yachts to our clients, to minimize the exposure to the potential sale of a yacht.”
Sheeder encourages charterers to ask their charter brokers about the sales status of any yacht that they consider renting. Ideally, they should seek a yacht that is not listed for sale. Says Sheeder, “If considering a yacht that is for sale, ask your broker for an analysis of how actively the owner is trying to sell, and see if there have been numerous or recent price reductions. Try to avoid any charter yacht that is actively for sale – or you could end up high and dry for your vacation.”
This entry was posted in Frequently Asked Questions Educational Yacht Charter and tagged Jana Sheeder, president of 1-800 Yacht Charters, yacht owners, guarantees in yacht charter industry, yacht sales, newest yachts for charter, The SailAway Group, largest yachts
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