Charter managment calculation

Value of all charter agreements made (calculation by weeks for each yacht model is stated in the table of incomes) is split: 70% to you and 30% to us. From your income, you cover all yacht’s costs (stated in the table of costs), whereas we from our incomes cover marketing, booking, charter base and operation costs. If you have procured your yacht through our financing scheme, your installments (table of financing) will be decreased by the incomes made.

YACHT CHARTER CROATIA IS OBLIGED TO COVER NEXT EXPENSES:

• boat presentation and marketing costs – advertising material for certain boat, presentation at nautical fairs around Europe with the aim to win as many clients as possible
• agents commission for booking (15-20% of total price) without last minute offer (5-10%of total price – only with owner permition)
• office work, direct contacts and other business function
• boats servicing, intervention and repair by qualified hand only
• expenses of working hours for necessary maintenance and small repairs during charter period
• hull, engine and generator maintenance (regular changing of the oil filter and zincs)
• boat underwater protection and cleaning of the underwater part
• take care of boat cleaning
• in case of boat failure during charter repair it on spot of failure or in case of larger difficulties will pull the boat back to the base.

THE BOAT OWNER IS OBLIGED TO COVER NEXT EXPENSES:

• the insurance for the boat in the Croatian territorial waters which covers all risks including the insurance of the third parties.
• boat registration and navigation licenses
• procuration of all the documents necessary for charter business – concession, temporary import, cabotage
• annual mooring costs and place on land if he decides to use one
• getting the boat ashore ( travel lift ), the use of the cradle for dry mooring and hydraulic boat carriage as well as putting the boat back to sea
• replacement off all worn out parts or bad quality materials of the boat equipment
• restauration or replacement of equipment, damaged or ruined during the regular use
• interventions or other repairments caused by worn out or by bad quality of originally installed equipment
• material for protection of underwater part, except for applying the final layer of antifouling
• hull and engine spare parts and the change of grease (oil ), filters and transmission belts
• winter service and engine conservation and preparation of the boat, engine and all other vital equipment, polishing and general cleaning up
• installing of the equipment at the owner’s demand

All the works carried out on the boat by home Marina and at YACHT CHARTER CROATIA demand will be charged by the current pricelist of home Marina and the works carried out by YACHT CHARTER CROATIA service by it’s current pricelist. The owner will be consulted before any extra work is done.Together with the settlement of accounts the boat owner will be presented with all documents on materials used.
With this kind of cooperation your boat will be chartered 15-24 weeks (sailing yacht) or 10-18 weeks (motor yacht) during the summer season, which is quite enough to cover leasing year rate and all your costs. With very simple calculation you can find out that after 5 years you have got a boat which worth at least double price which you had invested.

Personal use of the yacht
Of course you have right to use a boat, but by arrangement with us.
You may use your yachts any time when we do not charter her. To enable your personal minimum enjoying the yacht, you may also book the yacht for two weeks in the high season or four weeks in low season our out of the season.

End of the managment program
Following expiry of the five-year charter management period, we shall continue chartering her under the same conditions if this is your wish, perhaps with a few weeks less of charter and a few weeks more for your own enjoying her. However, you may decide to keep her your yourself only. If you wish none of the above, our department in charge of sales of second-hand yachts will make its best to sell your yacht as soon as possible and at the best price available.

PRICE LIST OF BAVARIA YACHTS WITH EQUIPMENT (READY FOR CHARTER) IN €

BAVARIA Aft cockpit	Cabins	Engine	Basic Price	Equipment Optionals	Transport to Slovenia	Equipping, testing & launching	Total Price
BAVARIA 49	3 or 5	VOLVO 78 HP	179.956	23.387	6.500	5.735	215.578
BAVARIA 44	3 or 4	VOLVO 55 HP	135.646	20.334	6.025	5.135	167.142
BAVARIA 41	2 or 3	VOLVO 55 HP	110.818	17.351	4.557	4.355	137.081
BAVARIA 38	2 or 3	VOLVO 29 HP	86.250	19.246	4.557	3.840	113.893
BAVARIA 36	2 or 3	VOLVO 29 HP	73.103	19.138	4.557	3.775	100.573
BAVARIA 32	2	VOLVO 19 HP	59.696	18.581	3.733	3.475	85.487
BAVARIA 44	2	VOLVO 59 HP	171.206
BAVARIA 40	2	VOLVO 59 HP	128.534

Calculation of repayment for a yacht under Croatian flag, in six-monthly instalments, with 38 % downpayment. Annual interest of 8%.

Yacht type/ Purchase Price in €	38% Down- payment	Financed amount	2,20% Costs of financing	Amount due until the yacht delivery	10 six month instal.5 years	8 six month instal.4 years	6 six month instal.3 years
BAVARIA 49 215.578	81.919,64	133.658,36	2.940,48	84.860,12	16.478,74	19.852,28	25.496,67
BAVARIA 44 167.142	63.513,96	103.628,04	2.279,82	65.793,78	12.776,30	15.391,87	19.768,08
BAVARIA 41 137.081	52.090,78	84.990,22	1.869,78	53.960,56	10.478,44	12.623,60	16.212,73
BAVARIA 38 113.893	43.279,34	70.613,66	1.553,50	44.832,84	8.705,96	10.488,25	13.470,26
BAVARIA 36 100.893	38.217,74	62.355,26	1.371,82	39.589,56	7.687,78	9.261,63	11.894,89
BAVARIA 32 85.487	32.485,06	53.001,94	1.166,04	33.651,10	6.534,61	7.872,38	10.110,65

6 six-month instalments (3 years). Multiplication factor 0.19076
8 six-month instalments (4 years). Multiplication factor 0.14853
10 six-month instalments (5 years). Multiplication factor 0.12329
You may use the above table to calculate your six-month installments if you decide to down-pay over 38%. Simply, from the total boat price deduct the down-payment, and multiply the rest with the factor stated in the table. The result is your six-month installment.

The price-list is valid until BAVARIA YACHTBAU does not publish a new one. If a 10% order pre-payment is made and the yacht builders change the price, the above price list will remain valid.

Approximate Study of annual costs

Yacht type	B 49	B 44	B 41	B 38	B 36	B 32
Annual maintenance	1.968	1.968	1.596	1.596	1.596	1.596
Marina – mooring place	3.289	2.812	2.510	2.510	2.262	1.998
Insurance	2.790	2.157	1.767	1.473	1.286	1.090
Berth concession	400	400	350	350	350	300
Linen, engine oil, gas, filters	800	800	630	630	630	630
Antifouling (incl. crane)	760	760	510	510	410	410
Various (unexpected)	1.600	1.300	1.300	1.200	1.100	1.100
TOTAL	11.607	10.197	8.663	8.269	7.634	7.124

Study of expected charter annual net revenue according to different yacht types

Yacht type	Revenue 18 weeks of charter	Revenue 20 weeks of charter	Revenue 22 weeks of charter	Revenue 24 weeks of charter
B49	41.033	45.592	50.151	54.710
B 44	30.875	36.369	40.006	43.643
B 41	24.670	27.444	30.189	32.933
B 38	21.956	24.395	26.835	29.274
B 36	19.814	22.015	24.217	26.418

NOTE: Costs are not fixed but are subject to changes depending on laws (concession, sailing permit fees). They may also rise or fall with yacht marinas price-lists, etc. Incomes may rise or fall, as well, depending on the market supply and demand, wherefore prices for every year may rise or clients may be granted discounts above those set in the price-list.

S- standard E- extra	B 32	B 36	B 38	B 41	B 44	B 49
Roll main sail	E	E	E	E	E	E
Roll genoa	S	S	S	S	S	S
El. Anchor windlass	E	E	E	S	S	S
Electric fridge	E	E	E	S	S	S
Steering wheel / Compass	S	S	S	S	2 X S	2 X S
Speed / Depth	S	S	S	S	S	S
Autopilot AUTOHELM	ST 4000+	ST 4000+	ST 4000+	ST 4000+	ST 6001	ST 6001
Wind instrument ST 50	–	–	–	–	E	E
Windex	E	E	E	E	–	–
Cockpit table	E	E	E	S	S	S
Teak in cockpit & cockpit floor	S	S	S	S	S	S
Leather on steering wheel	S	S	S	S	S	S
Extra water tank	S	S	S	S	S	S
Warm water	E	E	E	E	S	S
Shower in toilet	E	E	E	E x 2	E	E x 2
Shower in cockpit	S	S	S	S	S	S
Shore power 220 V	E	S	S	S	S	S
Battery recharger 24 Ah	E	E	E	E	E	E
2 X 220 V plugs	S	S	S	S	S	S
Radio / CD + speakers	E	E	E	E	E	E
Bow side windows	–	–	–	–	–	–
VHF / antenna	E	E	E	E	E	E
Water hose	E	E	E	E	E	E
Spray hood	E	E	E	E	E	E
Bimini top	E	E	E	E	E	E
GPS	E	E	E	E	E	E
Tool box with repair kit	E	E	E	E	E	E
Galley equipment	6 pax	7 pax	7 pax	7 pax	9 pax	10 pax
Dinghy ( tender )	P 270	P 270	P 270	P 270	P 270	P 270
Winch handle	E	E	E	E	E	E
6 shoulders protection	E	E	E	E	E	E
Bonsuns chair	E	E	E	E	E	E
Life raft	6 pax	8 pax	8 pax	8 pax	10 pax	10 pax
SOC anchor 50m chain	11 kg/8mm	16 kg/8mm	16 kg/8mm	20 kg/8mm	27 kg/10mm	27 kg/10mm
BRITANY anchor & 10 m chain/50m ro.	8 kg	14 kg	14 kg	14 kg	16 kg	20 kg
Binocular	E	E	E	E	E	E
6 flags + 4 jarrycans	E	E	E	E	E	E
Katanci	3	3	3	3	3	5
Life – jackets – adults	6	7	7	7	9	11
Life – jackets – children	2	2	2	2	2	2
Life – belts	4	6	6	6	8	10
Horseshoe	2	2	2	2	2	2
Plutajuae svjetlo	E	E	E	E	E	E
First aid kit	E	E	E	E	E	E
Fire extinguisher 9 kg	E	E	E	E	E	E
Boat hook	E	E	E	E	E	E
Signal mirror / Radar reflector	E	E	E	E	E	E
Fog horn	E	E	E	E	E	E
Searching light	E	E	E	E	E	E
Manual bilge pump & hose	E	E	E	E	E	E
Distress flares box	E	E	E	E	E	E
3 black balls / 2 black cone	E	E	E	E	E	E
Barometer / Boat’s clock	E	E	E	E	E	E
Handbearing compass	E	E	E	E	E	E
Divider / navigation ruller	E	E	E	E	E	E
Dust pan / bucket / funnel	E	E	E	E	E	E
Mooring ropes	150m/14	150m/16	150m/16	150m/16	150m/16	150m/18
6 x fenders	20×68	20×68	20×68	20×68	20×68	23×81

FINANCING OF YOUR YACHT WITHOUT OUR CHARTER MANAGEMENT

Within our Yacht Charter Croatia, besides financing through our charter management, we wish to approach all of you who decided to buy a BAVARIA cruiser, but without our charter management. We may offer you the yacht of your choice for single or installment payments with minimum 40% down payment. The rest may be paid over three to five years, with 8% annual simple interests.

NOTE: Installments are calculated based upon standard yacht equipment, free factory. The financing scheme may also include additional equipment from the BAVARIA YACHTS program.

BAVARIA Aft cockpit	Cabins	Engine	Basic Price	BAVARIA OCEAN Central cockpit	Cabins	Engine	Basic Price
BAVARIA 49 49′	3 or 5	VOLVO 78 HP	179.956
BAVARIA 44 44′	3 or 4	VOLVO 55 HP	135.646	BAVARIA 44 44′	2	VOLVO 78 HP	171.206
BAVARIA 41 41′	2 or 3	VOLVO 55 HP	110.818	BAVARIA 40 40′	2	VOLVO 59 HP	128.534
BAVARIA 38 38′	2 or 3	VOLVO 29 HP	86.250
BAVARIA 36 36′	2 or 3	VOLVO 29 HP	73.103
BAVARIA 32 32′	2	VOLVO 19 HP	59.696

Calculation of repayment in six-month installments with 40% down payment. Subject to 8% annual simple interests.

Yacht type/ Purchase Price in €	34% Down- payment	Financed amount	2,20% Costs of financing	Amount due until the yacht delivery	10 six month instal.5 years	8 six month instal.4 years	6 six month instal.3 years
BAVARIA 49 K.K.179.956	71.982	107.974	2.940,48	74.357	13.312	16.037	34.328
BAVARIA 44 K.K.135.646	54.258	81.388	1.791	56.049	10.034	12.089	15.526
BAVARIA 41 K.K.110.818	44.327	66.491	1.463	45.790	8.198	9.876	12.684
BAVARIA 38 K.K.86.250	34.500	51.750	1.139	35.639	6.380	7.547	10.226
BAVARIA 36 K.K.73.103	29.241	43.862	965	30.206	5.408	6.515	8.367
BAVARIA 32 K.K.59.698	23.879	35.819	788	24.667	4.415	5.320	6.833
BAVARIA 44 C.K.171.206	68.482	102.724	2.260	70.742	12.665	15.258	19.596
BAVARIA 40 C.K.128.534	51.414	77.120	1.697	53.111	9.508	11.455	14.711

The above prices are in € (EURO), excluding import duties and VAT.
The price-list is valid until BAVARIA YACHTBAU does not publish a new one. If a 10% order pre-payment is made and the yacht builders change the price, the above price list will remain valid.