How it Works
Ekokat 1/6th co-ownership Yachts
* Buy a 1/6th share in an Ekokat co-ownership yacht in St Vincent & The Grenadines (or Montenegro/Dubai) for just USD $558.000 payable interest-free over 12 months (30% 30% 30% 10%)
Simply Islands property owners receive a 50% discount and pay only USD $295,000
* You receive 5 weeks/35 days each year of private use of the yacht including the optional and free use of our Captains.
* You can swap some or all of your 5 weeks/35 days of private use with other co-owner yachts in any of the 3 locations.
... It is like owning your own yacht in 4 spectacular destinations around the world!
* The yacht is sold in 3 years and you receive your money back
* The management programme looks after and maintains the yacht for the co-owners, so you do not need to do a thing except enjoy it! You do not need to even know how to operate/drive or maintain a boat as the crew are included.
What is an Ekokat co-ownership Yacht?
* Instead of purchasing and owning a yacht outright, you can purchase a 1/6th share.
Pay 1/6th of the purchase price. Just USD $558,000 is payable over 12 months and after 3 years the yacht is sold and you receive 1/6th of the sale price. (Simply Islands property owners pay just $295,000 and receive their full investment back)
* After you have entered the agreement and prior to delivery of the yacht you then pay just 1/6th of the cost to look after and maintain the yacht using our yacht management company, which looks after and maintains the yacht for the owners so all they need to do is enjoy it. The Management Fee, depending on the marina/berthing arrangement, will range between USD499-USD799 is also refundable to the owners (at the end of each year), effectively making this a free yacht for 3 years.
* Each co-owner enjoys 5 weeks (35 days) of private use of the yacht every year (or 10 weeks if you buy 2 shares...) and pays only for the fuel used (Ekokat is super efficient) and food and beverages of their choice (the management company can arrange provisions or simply take your own on board). You can also swap some/all of your allocation of weeks/days with other EkoKat co-owners located in all locations that Ekokat operates co-owner yachts. These are planned to also be in Montenegro (Mediterranean) and Dubai - it is like owning multiple yachts in the world's best cruising waters!
Hassle-free worldwide yachting on board an EkoKat co-ownership yacht with your money back during and after 3 years*!
Why own a 1/6th share of an Ekokat yacht?
* If you think you would only use a yacht for up to 5 weeks (35 days) each year ... then co-ownership is for you.
(you can also purchase 2 shares for 10 weeks, 3 shares for 30 weeks etc)
* If you would like your investment back again after 3 years ... then co-ownership is for you
(the yacht is sold after 3 years and you receive 1/6th of the sales price. If you have bought into an EkoKat pre-launch co-ownership yacht you have likely paid a highly reduced price. Therefore the value of the yacht in 3 years is likely to be the same or even more than your initial purchase price and you will likely receive your entire investment back, maybe even a small profit! After the yacht is sold you have the opportunity to enter into a fresh 3-year co-ownership programme - and a brand new fresh yacht
* If you would prefer that a management company looks after and maintains your yacht ... then co-ownership is for you
For a monthly fee our yacht management programme offers complete management and upkeep of the yacht. This includes annual berthing, insurance, cleaning, maintenance and even crew for you to use for free if you wish, and/or cannot operate/drive a yacht!
... You simply arrive at the marina, jump on board and enjoy using the yacht, with or without an optional Ekokat skipper/crew
The management company will also charter the yacht on a crewed basis and use some of the income to refund you your monthly management fee at the end of each year!
How is the ownership Structured?
* There are 6 co-owners per yacht (3 yachts). The Ekokat marine lawyer will suggest the most suited 6 people for each yacht based on their nationality and country of residency to effect the most efficient structure. All 6 people are named on the yacht ownership and registration documents directly, or they become shareholders of a company formed for the purpose of owning the yacht.
* Co-owners are allocated 5 weeks of private use of their HBY (you can also purchase more than one share if you wish, 1/6th share equals 5 weeks), and at the start of each year, the time is allocated fairly between co-owners. You have the option to operate the yacht yourself if you are qualified, and/or use the services of one of the Ekokat captains and crew for free (tips only).
* All co-owners automatically become part of the EkoKat Club, which amongst other things enables them to swap their weeks/days with other co-owners, either on another HBY, or on any of the other co-owner yachts planned for Montenegro, Dubai, and Bali. It is like owning an Ekokat in 4 different countries!
Payment Plan, Delivery & Operations
* Payment is split into 4 stage payments payable during the build of the yacht, financially fully secured with the final payment due upon delivery.
* The 1/6th co-ownership price of only USD$558,000 is spread equally over approximately 12 months in stage instalments. (This is refunded when the yacht is sold after 3 years) Simply Islands property owners pay only USD $295,000
* 30% USD$167,400 ($88,500) deposit payable at the time of signing the Agreement, likely to be December/January 2023.
* 30% USD$167,400 ($88,500) payable after the 1st stage of the yacht build is complete, likely to be around March/April 2024.
* 30% USD$167,400 ($88,500) payable after the 2nd stage of the yacht build is complete, likely to be around August/September 2024.
* 10% USD$55,800 ($29,500) payable on delivery and handover of the yacht, likely to be around February-March 2025
* After delivery, the co-owners enter into a Management Agreement with the Ekokat-appointed management company who will look after and maintain the yacht so all the owners have to do is enjoy it (skipper/crew included!) The Management Agreement is also refunded (at the end of each year). The refund comes from income derived from yacht charters that the management company operates with the yacht at times when the owners are not using it. This income also covers any unscheduled maintenance and any other costs that may be attributed to managing the yacht, so there is nothing to pay other than the refundable buy-in price, the refundable management fee, and fuel/food/provisions as used by co-owners when they are using the yacht. The yacht is extremely cost-effective to operate on fuel, Click Here for performance figures
For more details about the Payment Plan and how your investment is fully secured download the PDF
What happens after 3 years?
After 3 years Ekokat will sell the yacht on the co-owner consortium's behalf and each owner will receive an equal share of the proceeds. Co-owners will then be offered the opportunity to enter a new programme (optional) with a brand new yacht. Simply Islands property owners pay co-owners receive their full $295,000 back.
