| home | boat sales | syndicate sales | | boat maintenance | marina | apollo duck | Cootehall Marina Boyle Co Roscommon Phone: 086.2526373 Email: Murray Marine location map..... SYNDICATED OWNERSHIP Shares Available...Click >>> Syndicate Cruiser A NEW LOW COST OPPORTUNITY TO CAPTAIN YOUR OWN SHANNON CRUISER! For a lot of people, the concept of owning a luxury cruiser on the Shannon is a precious dream. You have watched from the river bank or jetty or maybe you have hired a cruiser or visited a friends boat. You know what it's like................................... The style, the comfort of having everything you need onboard, the peace and tranquility of the river and countryside, the freedom to come and go as you please But........... Watching is a tease, renting is money down the river and visiting your friend's boat mostly makes him look good So why not buy your own boat....??? Most people don't for a variety of reasons, principally the prohibitive initial cost and the realisation that their prized asset will be sitting idle for 80% of the year But now there's another way! Murray Marine can provide you with lifetime syndicate cruising for less than the cost of a once-off family holiday........ Here's how QUESTIONS AND ANSWERS what is syndicate cruising..... who does the syndicate consist of..... how can murray marine help..... how the system works..... is it value for money..... is there an agreement..... can i sell my share..... can i hire the boat to someone else..... where will my boat be kept..... what if the boat breaks down..... what other costs are there..... can the syndicate sell the boat..... will others take good care of the boat..... what does a typical cruiser look like..... what do i do now..... what is syndicate cruising... Syndicate cruising is a group of like-minded people who jointly own a boat back.... who does the syndicate consist of.... A syndicate typically consists of between four or eight people who may or may not be known to each other back.... how can murray marine help.... Murray Marine provide full boat share management in high quality river cruisers at a price that is affordable to almost everyone. Through our website and widespread contacts we find a sufficient number of people to share a particular cruiser at our base on Lough Key Marina. Our ongoing management includes servicing, cleaning, marina moorings, insurance, attending to administration. Boats are cleaned by owners after usage then the support team perform a final check inside and out to provide a consistent standard. Freshly laundered bed linen will be provided for each week of use. Engines and equipment are checked and maintained whilst at the base and serviced as specified by manufacturer. back.... how the system works.... Murray Marine have no financial interest with the boats, thus avoiding a conflict of interest, they act on behalf of the syndicate members and manage the boats. The customer selects period of allocation for year one. Following year draws from syndicate then exchange with other members to provide satisfactory periods. Consideration is given to parents with children to select periods of use during traditional school summer holidays and people in the education profession. Customer contacts Murray Marine and confirms availability of periods and receives an allocation code for each period. (first come first served) Customer completes share reservation form and forwards a cheque for the reservation fee to secure each share. Cheques will be made payable to Murray Marines solicitors. (Unless boat available and remaining shares owned by Murray Marined in which case payments made to this company) who will ensure safe keeping of funds. Syndicate member completes an inspection sheet and takes control of boat from 3 p.m. (unless available earlier) on first day of allocation and receives 4 hours accompaniment (on first allocation) Syndicate member returns and vacates boat by 9 am on last day of allocation and completes hand over sheet. Invitation to attend annual general meeting for syndicate members. Member reserves right to sell his/her share or transfer to a member of his/her family anytime after 13 months. The member s will not hire or lend the boat to another party. The boat will remain stationary unless the member is aboard. Boats are cleaned by owners after usage then the support team perform a final check inside and out to provide a consistent standard. Members can exchange periods of use with other members Murray Marine are appointed to act as Syndicate Managers throughout life of syndicate unless otherwise stated. back.... is it value for money.... The following pages demonstrate an exciting, sensible and cost effective alternative to hiring, chartering, club memberships and full ownership. Introducing the enjoyment of part owning which can truthfully be described as one of the most cost-effective ways of captaining your own cruiser on the magnificent Shannon river. You have the ongoing use of a craft one would have difficulty justifying purchasing outright. You place the vessel in the hands of trusting, caring, enthusiastic and responsible support team, high quality build and specification, a level of luxury only normally experienced by a privileged few, and you have flexibility of use. Options to buy a larger share or to sell share, ability to transfer ownership to family members and much more. Syndicate ownership, in a professionally operated syndicate, is a concept in luxurious boats that is rapidly growing - world wide - the advantages of sharing costs, in a syndicate, are too numerous to mention in this brief introduction. We trust the details that follow, will answer your questions and place you in a position to take the final step - to become a syndicate member. back.... is there an agreement.... A formal agreement is prepared between each owner and Murray Marine. This specially designed agreement will protect the interests of each owner, their relationship to the syndicate and that of Murray Marine. It covers eventualities that can arise during the operation of the syndicate. It has been designed to be fair, protect each owners investment and ensure responsible usage of the vessel. back.... can i sell my share.... You can. Like any other asset, you will have the opportunity to dispose of it how ever you wish. You may sell it or transfer it to someone in your family or a friend. You can offer it to other syndicate members who would like to increase their holding or we may have a customer who wishes to buy it from you. back.... can i hire the boat to someone else.... No. In order to gain the most competitive insurance premium and to ensure the boat is taken care of - exclusively by the owners - any usage of the boat will be whilst an owner is aboard. back.... where will my boat be kept.... The boat will be berthed at Lough Key Marina which has just undergone a major facelift and refurbishment and is now regarded as one of the most prestigious marinas on the North Shannon. Murray Marine will take care of the day to day running of the boat through a team of very responsible people who have a strong boating background and vast experience of the cruising area. This ensures it is available for use, in a clean and mechanically sound condition and that your usage is enjoyable as possible. back.... what if the boat breaks down.... With the maintenance schedule, the likelihood of a breakdown is significantly reduced. However, with anything mechanical, things do go wrong from time to time. You contact Murray Marine who will come out and eradicate the problem. Providing the problem was not caused by willful damage or gross negligence, there would be no charge - maintenance and repair expenses are pooled and split between the owners. back.... what other costs are there.... The diesel tank will be full when you receive the vessel. Each owner returns the boat refueled or pays at the marina for a full top up. Gas and Electricity is based on usage. Winter maintenance costs will be shared. However, an allowance has been made for a lift out and antifoul in the annual maintenance charge. back.... can the syndicate sell the boat.... It would require 90% of the membership to vote in favour of that action, at an annual or extraordinary general meeting. In this eventuality individual syndicate members would be invited to bid for the boat, in the first instance. If the membership where dissatisfied with the highest bid, the boat would be placed on the open market by Murray Marine and once sold the proceeds would be distributed between the shareholders - each would receive a receipt, relative to their specific share holding. back.... will others take good care of the boat.... Each member will be responsible for the safe keeping of the craft whilst it is under their control. When an owner accepts the vessel he/she will carry out an internal and external inspection confirming the condition. On return a similar inspection will be carried out by the management team, which should match the original. Any deficiencies will be agreed and plans put in place to address the issue of any damage. Normal perils will be covered by the marine insurance policy. back.... what does a typical cruiser look like.... Like this: back.... what do i do now.... Give Tim Murray a call at the number below or send him an EMAIL He will invite you to the marina, show you around, give you the lowdown, and take you for a test cruise to whet your appetite !! | home | boat sales | syndicate sales | | boat maintenance | marina | apollo duck | Cootehall Marina Boyle Co Roscommon Phone: 086.2526373 Email: Murray Marine location map.....