standard year round, at a highly cost-effective price when compared with conventional ships, one where the standard and quality of service is already known to be very high, rather than a yearly guessing game. The usual yearly marketing costs associated with
conventional cruising can be thrown overboard as they can be a whopping 50 per cent of the price of a mainstream cruise. Over the 15-year life cycle of each ship, these are the cost savings predicted, even after taking into account the original cost of each ship. Pacific Star also work with exchange partners. What this means in practical terms is that, in the unlikely event an owner cannot use their onboard suite in their allotted time frame, they can choose to exchange their weeks with fabulous resorts that span the globe, in exchange for a small service fee.
together with entertainment, linen, insurance, crew and management charges. After 15 years, the vessel will be sold. Once that is done, the net sales proceeds will be re-distributed to the owners, in direct relation to their actual shareholding. Annual management fees are paid to Title Trust- ees International, the trust partners of Pacific Star Cruises. Title Trustees International holds the funds on account of the members and is fully regulated by the Financial Services Authority. These funds are then paid down to Pacific Star
Cruises, who in turn manage the vessels on behalf of members. Both Pacific Star and Title Trustees In- ternational are fully bonded, insured and regulated, and thus guarantee your money and your vessel is in safe hands. All three vessels will be owned by independent companies. Each member in turn has a share in the owning company through a trust structure. All three ships comply with the most stringent safety stan- dards applied by the American Bureau of Shipping. Their registry is in the Isle of Man, allowing each ship to fly the British flag. This also affords them the consular assistance of British Embassies worldwide, plus access to UK government resources should this prove necessary for any reason. All documentation for the Fractional Ownership and management companies is prepared based on both UK law and European shared ownership legis- lation. The insurance for the vessels, passengers and their property will be handled by Lloyds in the UK, thus offering the highest level of cover available and extra peace of mind. It should go without saying this kind of owner- ship of a deluxe vessel offers a consistently high
“It is ALL PLANNED to be true SIX-STAR
LUXURY at sea in every detail”
Procedure New owners are invited to apply for a brochure, study the first-year cruise calendar and decide which stateroom they would like to occupy. All are of an identical high standard and size throughout each vessel. That done, they then merely need to select a two-week block of dates – and look forward to memorable holiday luxury for the next 15 years. It is a bold and innovative way to look at cruising – and one that looks well worth considering.
Fractions Abroad Group Ltd
27 High Street, Middleton Cheney, Banbury, Oxon OX17 2PA Tel: +44 (0) 8452 10 11 12 |
mail@fractionsabroad.com
Summer 2011 I WORLD OF CRUISING 59
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