Frequently asked questions

Pick a boat and reserve a 1/4 share. We find the other three owners, set up the LLC and buy the boat. Then we run everything for you: bookings, maintenance and paperwork.

Each boat is owned by its own LLC. Your share is 25% of that LLC. Galenne owns no part of it.

Owning alone, you pay for the whole boat. Here you pay for a quarter, and we handle everything. In a club, you share a fleet with many members. Here you own one boat with three others.

Four, each with a 1/4 share.

They lose access to the boat. If they still don't pay, their share is sold, and the other owners get the first option to buy it.

We handle the day to day. Big decisions go to an owner vote. Once a year, the owners meet online to approve the budget.

Galenne runs the LLC: accounts, taxes, insurance and the booking app. In each city, a local yacht-management partner operates our program and looks after the boat: maintenance, cleaning and captains. We don't mark up their costs.

Yes, at any time, by owner vote.

Choose a boat and reserve your share with a refundable deposit. Once all four shares are taken, there's a sea trial and closing. At closing you pay for your share plus a one-time 10% acquisition fee. You'll see every number before you commit.

Yes, through a lender of your choice. We don't lend, but our Financing page shows your options.

Your share certificate, the insurance documents, keys, app access, and a walkthrough of the boat on your first day. If you want to drive yourself, the Owner-Operator Program trains you, and Galenne covers 50% of your first two sessions.

A quarter of the boat's yearly running costs: dockage, insurance, servicing, cleaning and our admin fee. Fuel is billed as you use it, plus $6.75 per engine hour for scheduled engine service. At closing you also put down deposits that come back when you sell.

Yes. Two shares give you half the boat and twice the time.

Yes, in as many boats as you like.

No. The captains who manage our program train you in the Owner-Operator Program, from a 30-minute check to several days of sessions, and sign you off before you go out alone. Galenne covers 50% of your first two sessions. You can always book a captain instead: 6-hour minimum, fully turnkey.

Yes. Two people can share one 1/4 share. You split the bookings and are both responsible for the monthly payments.

Yes. We suggest a price and you decide. We can also help you find a buyer.

The co-ownership runs for four years, longer if all owners agree. You can sell your share at any time. At the end of the term, the boat is sold and the money is split.

We market it and run sea trials. If interest is low, we may suggest a lower price.

Find your own buyer and you only pay the transfer costs. If we find the buyer, our fee is 10%.

A quarter of the calendar, booked in our app. Weekdays and weekends are shared equally, and any day nobody has booked is yours too. With four owners, holidays rarely clash; if they do, the most requested dates rotate and each owner has a yearly maximum of holiday dates.

We do repairs on weekdays so the boat is ready for the weekend. If a breakdown costs you a booked day, it doesn't count against your share.

No. It's never chartered or rented. Only signed-off owners and the captains who manage our program can drive it. Your family can go out with one of those captains, even when you're not aboard.

Yes, fully, including liability. If you or your guests damage the boat, you pay the deductible, usually around 5% of the boat's value.