We don't just sell shares in boats, we sell the luxury lifestyle that is befitting of our official endorsement from Riviera Australia.

We offer the most transparent, time effective and relaxing boating syndication service in Australia. Our team have all been working around luxury vessels for decades and understand the intricacies of creating a truly remarkable experience for the boat owner.

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Partnerships

Structure

Tenancy in common explained.

Usage

All owners receive equal use

Number of owners

Limited to 6 partners or less

Vessel build

and options

Warranties

Seven-year structural warranty

Training

For owners and nominated drivers

Vessel handbook

Including step-by-step instructions

Insurance

Go wherever you like. No Limits

Standby

Booked within 48 hours

Owner login

Our booking system.

Relocated vessels

Travel to other locations

Costs

Honest and transparent system

Partnerships

We offer the most transparent, time effective and relaxing boating syndication service in Australia.

Structure

Each partner in a Riviera Boating Partnership enters into a tenancy in common and receives a title of ownership in proportion to the share they have purchased, protecting their equity in the motor yacht. Furthermore, our partner contracts have been explicitly designed according to Australian syndicated ownership guidelines to ensure our clients have complete control over their vessels.

Usage

All owners receive equal use of the boat, with popular days and public holidays split evenly. The structure varies depending on the location and number of owners. For example, vessels based in Hamilton Island are generally used for one or two weeks at a time, with four weeks per year allocated for maintenance. For vessels based permanently in one location, one-sixth owners receive 56 days per year, 20% owners receive 64 days per year, and 25% owners receive 84 days per year, plus unlimited standby days. These days are then divided into four three-month terms with weekends and weeks days split evenly.

Number of owners

All vessels are limited to 6 partners or less with no exception.  This gives owners more flexibility to use the boat and reduces the overall wear and tear on the vessel. In our experience working in syndication, we have seen the negative impact larger groups can have on the resale value of a vessel and the frustration for owners when they can’t use the boat as often as they'd like. We have implemented this rule in order to maintain our vessels to the highest standard and ensure our clients can get a real sense of ‘boat ownership’.  

Vessel build and options

From start to finish, owners are involved in the build process and can visit the factory to watch their dream come alive. Prior to the order being placed with Riviera Australia, all owners have a say in the options and layouts available. Foxtel, Wi-Fi, radar, reverse and anchor cameras, secondary freshwater pump, underwater lights, cockpit joysticks and motorised tenders are examples of standard options on all partnership vessels. Depending on the vessel size and location, additional options are chosen. 

Warranties

All new Riviera vessels come with a two-year non-structural warranty and a seven-year structural warranty. Most of our partnership vessels are powered by the incredible Volvo IPS engines and drives. As a standard, these come with a five-year extended warranty or 1,000 hours for smaller engines and 2,000 hours for larger engines.

Training

Owners and nominated drivers are required to complete an extensive training program, including offshore cruising, night navigation, berthing, anchoring, and operating all systems and equipment. The goal is for all owners to become confident, self-reliant skippers, which is especially important in remote locations. Additionally, we provide local knowledge and training in emergency procedures, such as fires, collisions, and running aground.

Vessel handbook

We understand that you may not use the boat every week and could forget some of your training. Therefore, we provide a comprehensive vessel handbook that includes step-by-step instructions on the use of all equipment and systems on board. This handbook also contains information for troubleshooting common problems. In case you require additional assistance, we are available 24/7.

Insurance

All partnership vessels are insured by a policy that provides a similar cover to a single ownership boat, however it also indemnifies each owner against the illegal acts of another owner.  There are no cruising limits; it’s your boat so you can go wherever you like.

Standby days

A standby day is one that is booked within 48 hours of an unreserved day. With smaller partnerships it is common for owners not to book their entire allocation of days per trimester, thus allowing for other partners to book under standby. All calendars have days remaining in addition to owners' allocations and maintenance for use under standby. 

Owner login

All owners can log into our Partnership Platform and access their vessel's online calendar to create, cancel and swap reservations, request popular days and contact their fellow owners. This system uses strict rules to ensure owners receive equal use of weekdays, weekends and popular days. 

Relocated vessels

During the low season of our homeports, many of our vessels travel to other locations. Owners are welcome to join the skipper and take part in these once-in-a-lifetime trips. The vessels are given time during maintenance periods to make the transfer, and the cost of relocation is divided equally among the owners.

Costs

We run an honest structure with all running costs made transparent and divided equally among owners with Boating Partnerships receiving a monthly management fee. There are no tricks and no hidden costs.

Running costs such as berthing, insurance, preventative maintenance, engine and generator servicing, toiletries and kitchen disposables, anti-fouling and polishing are given an approximate budget per year and are split evenly amongst the owners. If we have over budgeted, owners can choose to receive a refund or alternatively use the excess to go towards future costs. Each vessel has its own bank account and Xero account and which enables us to provides a quarterly statement outlining the money coming into the boat account and every expense being paid out.  

Additional costs are those that are unknown (for example, fuel, cleaning and laundry). These costs are charged directly to the owner that used the boat meaning you only pay depending on how you use the boat. If owners go for a day cruise and leave the boat in a clean and tidy state, they are charged less then an owner that was onboard over night and used the beds.  It doesn’t make sense for cleaning to be included in the monthly fee as all owners use the boat differently.

Financial Reports

Boating Partnerships utilizes the efficient and reliable Xero accounting platform to expertly generate comprehensive monthly reports on all aspects of your partnership accounts.