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Old 04 October 2005, 19:59   #11
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Which one is the sister? It's just that I'm a bit fussy.
Here's my RIB. I think it's CE approved.
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Old 05 October 2005, 05:56   #12
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Quote:
Originally Posted by Downhilldai
Which one is the sister? It's just that I'm a bit fussy.
Here's my RIB. I think it's CE approved.
But extremly unreliable!
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Old 05 October 2005, 06:00   #13
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Quote:
Originally Posted by Downhilldai
Which one is the sister? It's just that I'm a bit fussy.
Here's my RIB. I think it's CE approved.
she is the pretty one

she has a remote control toy as well although it is more canoe shaped and the battery is a lot bigger!
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Old 05 October 2005, 08:05   #14
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Quote:
Originally Posted by Chris Hartley
she is the pretty one

she has a remote control toy as well although it is more canoe shaped and the battery is a lot bigger!
This big battery - presumably it fits inside?
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Old 05 October 2005, 09:31   #15
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Quote:
Originally Posted by Downhilldai
This big battery - presumably it fits inside?
ys they both do!
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Old 05 October 2005, 12:48   #16
JIY
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I co-owned an 8.5m Tornado until a couple of months ago. The partnership was very successful, but my co-owner decided it was time to retire from boat ownership (he's in his 70s!).

It is very important that all the angles are covered before you enter into partnership, even with your best friend. You need to cover all eventualities, things like:

What happens if a partner wants to sell his share?

Who is responsible for paying insurance excesses/ premium hikes in the event of a claim?

Are servicing and repair costs split 50/50, or according to the number of hours each partner uses the boat for?

Can new kit be added to the boat and who pays?

How is the boat to be left after use (fully fuelled, washed down etc.)?

Where is the boat to be kept?

How is the boat to be used? Can it be used commercially?


Even simple things like where bits of kit are stored on the boat can develop into big issues, so it is very important to recognise when to comprimise and when to stand firm.

My partnership worked because we were both wanted to maintain the boat in tip-top condition at all times, but that can be expensive, so it is important to clearly understand your prospective partner's views on this.

There is no doubt that the whole co-ownership thing is a minefield, but if you manage it in a very businesslike manner from the outset and choose the right partner, there are great advantages, especially financial ones!

My new 7.5m Tornado arrives next week and I suspect that paying the bills on my own will be an eye-watering experience!!!
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Old 05 October 2005, 13:16   #17
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Country: UK - England
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Quote:
Originally Posted by JIY
I co-owned an 8.5m Tornado until a couple of months ago. The partnership was very successful, but my co-owner decided it was time to retire from boat ownership (he's in his 70s!).

It is very important that all the angles are covered before you enter into partnership, even with your best friend. You need to cover all eventualities, things like:

What happens if a partner wants to sell his share?

Who is responsible for paying insurance excesses/ premium hikes in the event of a claim?

Are servicing and repair costs split 50/50, or according to the number of hours each partner uses the boat for?

Can new kit be added to the boat and who pays?

How is the boat to be left after use (fully fuelled, washed down etc.)?

Where is the boat to be kept?

How is the boat to be used? Can it be used commercially?


Even simple things like where bits of kit are stored on the boat can develop into big issues, so it is very important to recognise when to comprimise and when to stand firm.

My partnership worked because we were both wanted to maintain the boat in tip-top condition at all times, but that can be expensive, so it is important to clearly understand your prospective partner's views on this.

There is no doubt that the whole co-ownership thing is a minefield, but if you manage it in a very businesslike manner from the outset and choose the right partner, there are great advantages, especially financial ones!

My new 7.5m Tornado arrives next week and I suspect that paying the bills on my own will be an eye-watering experience!!!
thanks for this great input as i have found this very useful for consideration, i agree so many areas can go wrong

cheers
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Old 05 October 2005, 14:07   #18
TIM
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I have a 1/3rd share in a boat, One of the partners is a realy nice guy, but the other is a P***K , he post here some times !!! his name begins with a G!!!
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Old 05 October 2005, 14:09   #19
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...and ends with avin!

Err, Hi Gavin!
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Old 05 October 2005, 14:17   #20
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Quote:
Originally Posted by TIM
I have a 1/3rd share in a boat, One of the partners is a realy nice guy, but the other is a P***K , he post here some times !!! his name begins with a G!!!
Tim it must be gArfie yeah your right he is a plank!
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