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You can recoup some of your annual running costs by chartering out your pride and joy.
Sun Bear, which is still decorated with some of Mr. Nicklaus's golfing memorabilia, was recently bought by a Chinese-owned, Singapore-registered company and will be available for private and corporate chartering out of Singapore, under the management of Aqua Voyage, part of the KOP hotels and resort group.
UK-headquartered Bibby Ship Management is among companies aiming to capitalise on the slump by offering to run vessels for a fee, including chartering out a ship on behalf of a bank.
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These vessels, typically mid-sized container ships, would then be chartered out to operators.
Many yachts are chartered out to offset the outrageous cost of maintaining them, usually considered to be about 10% of the build price per year.
This gave the impression that the Falcon 900EX was not just a personal plaything and dedicated air taxi for the chief executive, but was chartered out to third parties on a regular basis".
Although some of these vessels exist to be chartered out as a business (at around £200,000 a week), they rarely make money for their owners this way, once the annual docking, licences and engineering costs are factored in.
Latsis owns a 300-passenger private cruise ship that is chartered out through his yacht services company, PrivatSea.
Dennis Conner's Stars & Stripes 87, which reclaimed the America's Cup from the Australians in 1987 in the final year of the 12-meter class in the Cup, is now chartered out of the Caribbean island of St . Martin
Mr. Schwarzenegger then bought controlling shares in a Nevada company called G 3 Charter Corporation from Carolco, said the person, which chartered out the jet when Mr. Schwarzenegger was not using it.
Recovering Queen signs charter Jump to media player The Queen has signed a charter setting out the Commonwealth's values and commitment to equal rights.
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