Published at Monday, May 14th 2018. by beky audrey in Cruise Ship Cabins.
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.
While onboard one of NCL`s executives asked me what I thought of the ship and what type of client it would be best suited for. Without hesitation I responded that the Epic would be most appreciated by the client who has been on many cruise ships and now wants to experience something truly unique. Consistent with that it`s no coincidence that my wife booked the 15-year anniversary cruise for Direct Line Cruises` staff on the NCL Epic and now that we`ve gotten a small taste of it we can hardly wait until September when we set sail on the Epic for 7 nights.
Soothing massage therapies skin and body treatments drawing from European and Eastern principles expert hair and nail services and a full menu of therapeutic treatments utilizing a deep-cleansing facial at the start of the program as well as a series of detoxification and contouring wraps lypo-reduction wrap as well as marine mud and herb wraps. Massage Therapies including: Swedish Massage Shiatsu Massage Deep Tissue Treatment Maternity Massage Therapeutic Foot Massage (Reflexology) French Hydrotherapy Massage.
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.
I was able to negotiate with the owner John Kosmas and get some concessions. I got the price down to $500000. And at that price he agreed to bring the ship into compliance with SOLAS 2005 and also to include new paint topside. The ship was fairly well furnished even including bed linen but the ship had been laid up for years. Its most recent service was in the Mediterranean and Black Seas. Cruise ships that trade exclusively in the Mediterranean and Black Seas tend to have smaller cabins and fewer amenities than the typical cruise ships that frequent the Caribbean. The bottom line is that this ship was an economy model not a luxury model. When I was inspecting the engine room I asked for the engine log. When I opened it I noticed all the entries were in Greek. I was able to discern some dates and other data that told me when the ship was last in service but I could not read the Greek entries so I handed the engine log back to the ship owner and told him It`s all Greek to me. Being Greek Mr. Kosmas failed to find the humor in that.
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