Published at Monday, May 14th 2018. by beky audrey in Cruise Ship Cabins.
My wife and I were in a standard stateroom with a balcony (one of the Category B staterooms on the ship). Upon entering the stateroom we had two initial impressions. First of all the curved walls gave the room a very unique look (unlike typical cruise ship staterooms which are almost always rectangular with straight walls). The second thing we noticed is that the stateroom didn`t have a bathroom... well at least not in the traditional sense. You entered the stateroom through a door between a shower stall and a toilet stall (each with a heavily frosted enclosure). A curtain separated these areas from the main part of the stateroom which among other things included the bed a couch storage closets / cabinets and a sink. The advantage of having the sink outside of the toilet and shower area is that one occupant can use the sink while another is using the shower or toilet (a convenience that you don`t often find in traditional cruise ship staterooms). In addition the unique design of the stateroom provided much more storage space than is typically found in a conventional stateroom of similar dimensions. However despite that I found the stateroom to be very tight (particularly in the cabins that have the bed nearer to the entrance door than to the balcony door) and overall I must admit that I would have preferred a more conventionally designed stateroom configuration or one of the larger deluxe balcony (Category D) staterooms on the Epic).
For comparison purposes it is noteworthy that you have expenses in land based housing too. Those expenses include property taxes homeowners insurance maintenance and repairs yard care and utilities. Additionally you have transportation costs and of course food costs. Most people also spend money on entertainment too. When these expenses are added up the maintenance fees for living aboard a ship are comparable.
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 looming SOLAS 2010 implementation date offers both perils and opportunities. The biggest peril is the possibility that the expense to bring a ship into full compliance with international standards will be greater than the value of the ship. However there is a silver lining in this cloud. This pending SOLAS implementation date has already started to show up as a primary factor in the asking and selling prices of ships on the market today.
There are actually some savings resulting from living aboard a ship. The ship`s executive chef buys food and kitchen supplies in bulk for the ship and can get better prices than the average shopper. Other savings result from the large freezers and the mobility of the ship giving the food service management the ability to stock up on supplies in countries where prices are low. Some crew and owners may choose to fish for leisure. This can supply some fresh food at even lower costs to the owners. Labor savings are realized when the crew is hired based upon the best global labor rates. The laws of supply and demand drive prices down in some places in the world. Proper ship management can capitalize on these disparities. All the savings would be passed on to the cabin owners resulting in an economical cost of living similar to what you could expect to spend with a conventional home. Ship management should have accounting transparency will all books (financial records) open and available for any owner to inspect. Also ship management should submit all financial records quarterly to an outside auditor for the peace of mind of the owners. Anybody in the chain who spends any of the ship`s operational funds should also be periodically audited. For example a good way to audit the executive chef would be for one or more of the live-aboard co-owners of the ship to go to the food market district of each port of call and they should try to haggle and get a better price for the same food than the price the executive chef was able to acquire. If the executive chef cannot find better deals than the ship`s co-owners then the executive chef should be given his walking papers. The executive chef position is a vital position on a cruise ship. This is a position of trust because he will bill the food he buys to the ship. He must never be tempted to accept bribes from vendors or suppliers. Therefore he should know that he will be routinely audited and any substandard performance will result in termination of his employment.
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