side instead of boat hire or rental in France, join our co-ownership boat share syndicate

Welcome to the Sailor V co-ownership syndicate

You can expect to pay between £600 and £1200 a week to hire a 2 + 2 berth boat equivalent to Sailor V on the French inland waterways, depending on the time of year.

As one of the co-owners of Sailor V, on the other hand, your week's cruise would only cost you between £270 and £400.

My name is Edmund Sylvester and I'm the fat bloke driving Sailor V in the photo above. I have been a professional boatbuilder for over thirty years, specialising in tough but lightweight boats for the French inland waterways, and I designed and built the unique Sailor V.

instead of boat hire or rental in France on the French canals, join our Sailor V co-ownership boat share syndicate pic
  fwd cabin

I have also set up the Sailor V syndicate - a private, non-commercial co-ownership syndicate (similar to others I have set up in France, the first of which is now in its twelfth successful year). There are 30 shares in the Sailor V syndicate. Each share entitles the shareholder (syndicate member) to 1/30th ownership of the boat (and other syndicate assets) and to one particular week’s cruising every year for the life of the syndicate.

The syndicate is due to run for at least 10 years, but members can sell their shares at any time and it is quite usual for members to swap weeks between them. After 10 years, members can decide whether to keep the syndicate going or sell the boat and share out the sale proceeds.

instead of boat hire or rental in France on the French canals, join our Sailor V co-ownership boat share syndicate pic
  fwd cabin

 

As with my other syndicates, Sailor V will probably spend the summer in Burgundy and, at the end of the summer, head south to the Canal du Midi for the autumn, returning the following spring to Burgundy, or wherever else syndicate members want to cruise, bearing in mind that, being trailerable, Sailor V can be taken pretty much anywhere and launched wherever there is a slipway. As a syndicate member, you don't have to do any towing or launching. I do it for you.

All shares are equal, but the price of a share depends on where the particular week that comes with it occurs in the boating season. For example, a March share/week would cost £975, while a July share/week would cost £2,275.

There are also running costs to be considered, but there are no management fees as the syndicate is run by the members for the members (more details below).

The Boat

Sailor V is a 2+2 berth trailerable river.canal cruiser powered by a Beta Marine 20HP 3 cylinder inboard diesel engine and built from super-tough reinforced epoxy composite that won't rot, rust or suffer from osmosis.

layout

The aft cabin has seating normally arranged in a horseshoe with an octagonal oak table on a swinging arm which allows the table to be moved to different positions. The seating can also be used as two single longitudinal berths.

instead of boat hire or rental in France on the French canals, join our Sailor V co-ownership boat share syndicate fwd cabin
 
fwd cabin

The wheelhouse, with built-in seating for two, has zip-in/out side screens, a fold-down windscreen and a detachable gull-wing roof hatch on each side.

fwd cabin

The main accommodation, galley and WC/shower are in the forward cabin.

The forward end of the foward cabin has a dinette which is convertible to two longitudial single beds or one transverse double and has direct access to the forward well-deck.

instead of boat hire or rental in France on the French canals, join our Sailor V co-ownership boat share syndicate pic
  fwd cabin

Aft of the dinette area are a fully equipped galley....

instead of boat hire or rental in France on the French canals, join our Sailor V co-ownership boat share syndicate pic
  fwd cabin

....and a civilised shower and toilet compartment

fwd cabin

Sailor V also has diesel-fired hot air central heating, capacious fresh water, fuel and WC holding tanks. A more detailed specification can be seen here.

Please click on the questions below to see the respective answers.

When is the syndicate start date?

Who runs the syndicate?

How does the syndicate work?

What are the costs?

Where will the boat be based

What are the share prices and what weeks are available

How many names can go on one share?

Do I have to pay management fees?

What charges do I have to pay?

Do I have to tow the boat?

Do I need any qualifications?

Do I have to stay in the syndicate for the whole 10 years?

Can I rent out the boat during my weeks if I'm not able to use it?

Is smoking allowed?

Are pets allowed?

What happens in the event of a breakdown?

What happens in the event of an accident or other damage?

Any other practical matters I should be aware of?

Full details of the Shareholders' Agreement are available on request.

Please contact me, Edmund Sylvester, on 07867 94 33 95 for more details or to arrange a visit to see the boat which is currently in winter storage on its trailer near Marlborough (Wiltshire), or drop me an email to:

epsylvester@btinternet.com

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Please feel free to skip this blurb and, using the FAQs, visit the other pages of this site.
Sailor V forms the basis for a boat-share (boat share, boatshare) co-ownership syndicate on the French inland waterways (in France, on the French canals). Boat-share (boat share, boatshare) co-ownership syndicates in France work a bit like time share except that, in boat-share (boat share, boatshare) co-ownership syndicates, shareholders actually own part of the asset and members of boat-share (boat share, boatshare) co-ownership syndicates receive their share of the proceeds when the asset (boat) is sold. Our boat-share (boat share, boatshare) co-ownership syndicates on the French inland waterways (in France, on the French canals) run for a minimum of 10 years and at the end of this period members have the option of dissolving the boat-share (boat share, boatshare) co-ownership syndicate and selling the boat and distributing the proceeds among themselves according to the number of shares they hold or keeping the boat-share (boat share, boatshare) co-ownership syndicate running.
What is the difference between boat hire and boat share, or boatshare or boat-share, as it is sometime written whether in France on the French rivers and canals (inland waterways) or somewhere else? In the first case it is a matter of hiring or renting a boat, say, in France on the French rivers and canals (inland waterways) that belongs to someone else. With boat share, or boatshare or boat-share, a group of co-owners form a syndicate – hence the expression co-ownership syndicate – and buy a boat between them with a view to sharing costs.
Then the fact is it makes no essential difference whether the boat hire or boat share, boatshare or boat-share, boat is in France on the French rivers and canals (inland waterways) or somewhere else. The principles are the same. With boat share, boatshare or boat-share, in France on the French rivers and canals (inland waterways) or somewhere else, the syndicate members or shareholders do avtually own part of the basic asset. In this boat share, boatshare or boat-share, in France on the French rivers and canals (inland waterways) or somewhere else differs from time-share where the members only own the right to use an asset rather than owning part of the asset itself. This is a vital distinction.
JAJA forms the basis for a boat-share (boat share, boatshare) co-ownership syndicate on the French inland waterways on the French inland waterways (in France, on the French canals). Boat-share (boat share, boatshare) co-ownership syndicates in France work a bit like time share except that, in boat-share (boat share, boatshare) co-ownership syndicates, shareholders actually own part of the asset and members of boat-share (boat share, boatshare) co-ownership syndicates receive their share of the proceeds when the asset (boat) is sold. Our boat-share (boat share, boatshare) co-ownership syndicates run for a minimum of 10 years and at the end of this period members have the option of dissolving the boat-share (boat share, boatshare) co-ownership syndicate and selling the boat and distributing the proceeds among themselves according to the number of shares they hold or keeping the boat-share (boat share, boatshare) co-ownership syndicate running.