Only 2 shares remaining...

For decades now shared ownership of expensive and seldom used leisure assets such as holiday apartments, aircrafts and luxury boats has become accepted worldwide.
 
The concept of timesharing is very well established. Thousands of families and individuals enjoy affordable, travel and vacations in exotic locations all over the world. Fractional ownership of aircraft such as Gulf stream, Citation and Lear jets account for the major share of general aviation aircraft sales in the USA. Twinpalms Phuket now introduces the same shared ownership concept to Phuket’s rapidly expanding luxury boating sector, providing an affordable packaged equity option in the unique Twinpalms One luxurious yacht.
 
Why own a whole yacht when you can own as much or as little as you will actually use, sharing the cost of management, crew, maintenance and service with your ownership partners.

Twinpalms One luxurious yacht fractionally owned yacht is effectively owned by a separate company structure, in which a defined equity shareholding package entitles the shareholder to regular use of the companies sole asset, the yacht. Ownership lasts for the economical life of the vessel, as determined by the shareholders jointly. Shares can be traded and transferred during the economical life of the vessel, subject to the Shareholders Agreement and due diligence checks.

Phuket Premier Yachting Co., Ltd. berths, maintains, services and valets Twinpalms One in Ao Po Marina*, always to be ready for owner planned use. Owners may pre-book their annual fixed boat use entitlement, up to 18 months in advance. 85 days per annum remain un-booked, of which the necessary number of days are used for regular maintenance and the remaining un-booked days, not required for maintenance, are then available for private charter or as shareholders stand-by days.
 
All owners share the charter revenues generated from the un-booked days by reduction in the yearly maintenance fee. In addition, should you run out of your own allotment of days, you are able to book extra days on M/Y Olympia subject to availability and a daily charge that will be agreed between the owners.
 
* Marina selection to be reviewed as development occurs.

Twinpalms One maintenance, cleaning, valet, mechanical, registration insurance, marina fees, captain & crew costs and corporate services are provided by our professional contractors under the supervision of the General Manager of Phuket Premier Yachting Co.,Ltd. Shareholders pay at the time of share allocation, the first year’s maintenance levy in advance together with the required fuel deposit and insurance bond deposit.

Twinpalms One fractional ownership program can be acquired in fractions of 10%. You decide how much or how little you wish to acquire according to your individual needs with each 10% fraction providing you with up to 28 pre-booked days and unlimited stand-by days. Each of the 28 days includes full crew and a THB 10,000 fuel allowance.

Twinpalms One luxurious yacht is chartered at approximately THB 180,000 for a Day Cruise and THB 280,000 for an Overnight Cruise. It is not unreasonable to assume, should you wish to add some of your own days to the charter pool, that up to 10 of the days could be chartered out in a year.

Twinpalms Phuket luxurious yacht delivers more than you might expect from any other motor yacht in the same class. A range of added useful features compliments the trendy and stylish interior that you will be proud to call yours. This unique vessel delivers extended cruising potential and appeals to those who crave for enjoyment and love to share it with others. Powered by twin 811ct Caterpillar diesel engines Twinpalms One delivers excellent cruising performance together with Twinpalms Phuket renowned hospitality.

10% Equity Purchase: USD 295,000
Full payment, upon signing contract. Payment is made to Twinpalms Management Limited in Hong Kong, SAR.
Yearly Maintenance Levy: THB 550,000
Incl. corporate services, salaries, marina fees, insurance, etc.
Yearly Fuel Deposit: THB 280,000
One time Insurance Bond THB 170,000 (a refundable deposit).
Payments in THB are made to Phuket Premier Yachting Co.,Ltd. in Thailand.
 
* From second year the Maintenance Levy is charged according to actual cost, with charter income deducted, surplus from first years levy deducted, etc.
 
** Fuel deposit is topped up when consumed or remaining deposit is deducted from next year’s deposit.