Dean Catamarans Co-Ownership Program

Overview of Coconut Cruise Club Co-Ownership Program

• CCC contracts with Dean Catamarans to build a yacht on behalf of syndicate members.
• CCC enters into a Sales Agreement, Management Agreement and Syndicate Agreement with investors who contract to be co-owners in a Dean Catamaran yacht.
• The syndicate members agree to establish either a local or an offshore company and the yacht is purchased via this company. The NEWCO captures all revenue generated via charter activity and operates the yacht as a business that will enjoy tax benefits related to yacht/ship ownership. CCC will establish this company for and on behalf of the co-owners. A no-charter option can be exercised by syndicate members and therefore no revenue will be generated and operating costs will simply be shared in proportion to shareholding.
• CCC collects investor funds and purchases a catamaran from Dean Catamarans.
• CCC makes the syndicated yacht charter ready by purchasing all toys, cutlery, crockery, linen, ornaments, etc.
• CCC appoints a full time live-aboard crew.
• The yacht is located at a destination agreed upon by all the co-owners.
• The co-owners agree to an “Occupation Rotation Roster” that determines the usage dates that they will individually enjoy.
• CCC manages the “Occupation Rotation Roster”.
• CCC prepares and manages an annual budget for and on behalf of the yacht and its co-owners.
• CCC markets the yacht for charter via its extensive global charter broker network.
• CCC appoints a “Clearing House” and manages all charter bookings in collaboration with the “Clearing House”.
• A predetermined amount of weeks are allocated to charter activity and agreed upon by all the co-owners. Charter revenue is used to service operating costs. If the co-owners wish to realize a return on their investment, more charter weeks will be allocated and less personal usage enjoyed.
• CCC manages crew, maintenance, insurance, marketing, fund management, refurbishment, charter boat shows and eventually the re-sale of the yacht.
• When owner’s allocated time aboard their yacht arrives they can decide whether to allow the crew to remain on board or ask the crew to vacate their yacht. Only owners that are competent and have the necessary sailing qualifications may captain their yacht without crew.
• At the end of every financial year CCC will appoint auditors to audit the co-owners company and any dividends declared will be disbursed in proportion to the shareholding that each co-owner has in the yacht/company.
• The CCC co-ownership program suggests that the yacht/asset be sold after 8 years.

Dean 441: Fractional Ownership
10% for only US$68, 000

Dean 5000 Fractional Ownership
10% for only US$113, 850

JAG 550 Fractional Ownership
10% for only US$146, 850

When the day is through, salute the setting sun as you wait for a night filled with a celestial performance that is brilliant beyond belief, an infinity of lights in a black velvet heaven. Paradise on earth is but a wink in the eye of time and so easy to discover with Dean Catamarans. Because while paradise on earth may not have a specific address……………..it does have a telephone number – Dean Catamarans South Africa +27 21 577 2222