Published at Tuesday, June 12th 2018. by beky audrey in Cruise Ship Cabins.
SOLAS 2010 also offers a tremendous opportunity for those who may prefer to have a very large houseboat instead of a commercial ship. Ships that are not in compliance with SOLAS 2010 are now selling for a song (inexpensively). A cruise ship can easily be converted into a megayacht with the stroke of a pen. Privately owned yachts not in commercial service and not carrying passengers or cargo for hire are exempt from many of the SOLAS requirements. Operating costs are also lower for a private yacht. It cost less to register flag and insure a private yacht. Megayachts can be flagged and classified for unlimited service. That means that a megayacht can go practically anywhere you want it to go. There is one major drawback to registering a cruise ship as a private yacht. You cannot use the yacht commercially. This cuts off a potential revenue source.
Another Epic first is Cirque Dreams and Dinner which is performed by an exceptionally talented group of acrobats in a special theater-in-the-round called the Spiegel Tent. Several of our staff members saw this show and said that it was very good but perhaps a bit too long. My wife and I saw a very different show in the Spiegel Tent. Our 3-year-old granddaughter who we were able to bring with us is a big fan of Dora the Explorer and Diego and she just loved the Nickelodeon character breakfast which in addition to Dora and Diego also featured Sponge Bob Square Pants Jimmy Neutron and others. In an exclusive deal with NCL the Nickelodeon characters are presently appearing on the Epic and the NCL Jewel (which now sails year-round out of New York City) and will eventually appear on several other NCL ships.
Do the math. If one hundred buyers pool resources in exchange for a percentage of ship ownership the acquisition cost will be divided by that same number. One percent ownership of a $250000 cruise ship would cost a mere $2500 for ship acquisition. At the other end of the scale one percent ownership of a brand new mega cruise ship would cost five million dollars.
The first obvious benefit of shared ownership is acquisition cost. There are many cruise ships on the market in all price ranges sizes ages and conditions. There are many smaller and older cruise ships available for less than one million dollars. At the lower end some smaller cruise ships in fair condition can be acquired for about $250000. At the highest end the biggest new mega cruise ships now cost about $500 million to build.
At the economy end of the scale a co owner could buy 1% of an economical cruise ship for about $5000. However it is not necessary for all co owners to have equal shares in the ship. Ownership can easily be divided up into 1% increments. If one buyer wanted 5% then his cost of acquisition would be $25000. He would be entitled to 5% of the ship`s cabins and would have five votes on operations and management of the ship such as itinerary planning.
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