NauticBlue 464 Page 3
— By Richard Thiel
— November 2003
NauticBlue is the powerboat division of The Moorings, which has been chartering sailboats longer than anyone. More important, The Moorings has been selling boats to owners and then leasing them back for charter longer than anyone—35 years—and it’s worked up a scheme for NauticBlue called The Advantage Program that’s pretty darn enticing.
Essentially, you buy any of the boats in the fleet and then lease it back to NauticBlue, which charters it out of either its Virgin Islands or Abacos base. The term of the lease is generally four seasons, although the company may allow you to keep your boat in charter longer. At the end of the term you can either keep your boat or roll her over into a new one.
The most remarkable aspect of the program is that NauticBlue guarantees you a fixed monthly income that typically exceeds your mortgage payment, regardless of how often the boat is chartered. It also allows you up to eight weeks of personal use. And if you want to expand your cruising horizons, you can trade your time for time on someone else’s yacht in a different location.
On top of all this, you pay no operating or maintenance expenses. NauticBlue picks up dockage, insurance, parts, labor, and such. And the company says it has a meticulous maintenance program to ensure your boat maintains its value, a claim borne out by my inspection of four other charter boats at the dock.
For specific figures on a particular boat, call the NauticBlue Advantage Program office (800) 416-1077 or (727) 524-3479. —R.T.
This article originally appeared in the October 2003 issue of Power & Motoryacht magazine.