Published at Monday, May 14th 2018. by beky audrey in Cruise Ship Cabins.
It is a late model and beautiful ship. It has many highly desirable attributes for a residential ship. It is a high end luxury cruise ship with an extraordinarily high tonnage to passenger ratio. This is very important for a residential ship. More living room and more space per passenger is far more essential for a residential ship than for a conventional cruise ship. When passengers are only on a ship for a short time they can tolerate cramped living quarters but when they live year-round on a ship the extra space is quite valuable. The owners have been trying to sell this ship for $22000000. That may seem like a high price but when you divide it by the number of cabins (195) the asking price per cabin is $102564. This price is in line with what you would expect to pay for a condominium. The last word I got from the owners is that they will sell the ship for $18000000 now ($92307 per cabin). The cabins are all outside cabins and are large. The ship can accommodate 606 passengers and a crew of 120 for a total of 726 people.
If there are many other co-owners of the ship to split the operating expenses of the ship it can be affordable for those with a moderate level of income such as a retirement check. I do have specific operating cost figures but I won`t bore you with that data. The bottom line is that it would not be prohibitively expensive for a middle-class average person to be able to afford to own a fraction of a cruise ship and be able to afford to live on the cruise ship full-time if they elect to do so.
On this pre-inaugural cruise I tried two of the specialty restaurants Cagney`s steakhouse and Moderno Churrascaria a Brazilian all-you-can-eat barbeque in which guests signal their servers with a green card (OK I`m ready for more) or a red card (No more please. I`m stuffed). My wife and I have raved about Cagney`s steakhouse on several other Norwegian cruise ships (e.g. the NCL Dawn the NCL Gem and the NCL Jewel) and we enjoyed it just as much on the Epic. On the other hand we were not nearly as impressed with the Epic`s Moderno Churrascaria which is the first such restaurant on any cruise ship. The salad bar was absolutely fabulous (especially the plump shrimp and fantastic gourmet cheeses) but other than the sirloin (which the servers cut right in front of you) my wife and I were both disappointed with the quality of the meats. Ironically my son Greg (who is CEO of Direct Line Cruises) and several of our staff members tried Moderno Churrascaria and really liked it. So don`t take my word for it.
Before becoming a joint owner it would be imperative to find other people who have similar goals. I would suggest composing a preliminary DCCR (DECLARATION OF COVENANTS CONDITIONS AND RESTRICTIONS). You can do this before you even shop for a ship. Write your version of how you envision the shared ownership of a cruise ship as it should be. Then see if you can find some people who agree with your goals and your DCCR subject to some revisions and concessions to accommodate other joint owners.
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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