Published at Wednesday, June 06th 2018. by leonda avril in Cruise Ship Cabins.
Operating a cruise ship is expensive. The expenses include the cost of fuel labor maintenance repairs spares food port charges insurance technical management shore management registration and the other costs of operating the ship. At first glance these costs may seem expensive but in reality the cost of living at sea is actually a bargain considering what you get based upon what you pay. The best value does not always translate to the cheapest price. If the ship is well managed the management will seek the highest quality goods services and labor at the very best global value. If the owners are dissatisfied with either technical or shore management they replace them.
There are hundreds of cruise ships on the market but I will just mention one more here. This cruise ship has RO/RO (Roll-On Roll-Off) capability. This would be very convenient for live aboard owners who want to bring their toys with them. The garage deck will accommodate 6 to 8 trucks or 60 to 80 cars. That converts to a lot of co-owner toys such as motorhomes travel trailers campers cabin cruisers ski boats jet skis sailboats houseboats bass boats motorcycles ATVs cars and trucks.
Unlike fractional ownership of aircraft and houseboats fractional owners of a cruise ship can all use the ship simultaneously. There is plenty of room for you and the other owners to live on the ship any time you want or all the time. You can use it as a full-time residence and so can the other co-owners.
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.
Let`s look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time. On a ship this size I would recommend that there be no more than 60 joint owners so each can have two cabins and will have the option of converting those two cabins into a two room suite. To keep the numbers simple lets say that this ship has 50 buyers who each buy 2% of the ship. Buy in cost per owner would then be $10000. If there were only ten buyers then the acquisition cost per buyer would be $50000. $50000 will not buy much of a house on land but on this ship it would buy 10% of a ship like the Vergina Sky and twelve cabins that could be converted into a fairly large home.
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