What is the Carefree Cruising "Flexible Weeks Cruising" Scheme?

The Carefree Cruising "flexible weeks cruising" scheme is unique. It has been designed for those people who know what time of year that they want to take their main holidays in, but who don't want to, or cant take, the same fixed weeks holidays each and every year. It also allows those dependent upon school holidays to also use their boat when they need to.

It is based upon buying "blocks" of time, either two weeks (1/24th share), four weeks (1/12th share), six weeks (1/8th share) or eight weeks (1/6th share).

Many people want to use their boat during the busy summer months of June, July and August. Others prefer to cruise when it's quieter, April, May, September and October. Our scheme allows YOU TO CHOOSE if you want to cruise in the busy summer period (the weeks shown "Red" on the calendar below), or the quieter months (the weeks shown "Yellow" on the calendar below) - and then you will continue with this choice throughout your ownership of the boat.

The "Blue" weeks are for winter cruising and maintenance.

If you own a 4 week (1/12th) share, our scheme will allow you to use your boat for 2 weeks together (3 weeks for a 6 week (1/8th) share and 4 weeks for a 8 week (1/6th) share) without having to swap weeks with your co-owners.

The calendar below shows the colour allocated to each week of 2004, with each week starting on a Sunday. The actual week commencing date (or change-over) day may vary depending upon which marina the boat is based at. The number and seasonality of the "Red", "Yellow" and "Blue" weeks will be the same each and every year.

And if you own a 4 week (1/12th) share, you will be able to cruise for THREE WEEKS in the season EVERY YEAR - GUARANTEED!

What weeks are designated "Red", "Yellow" and "Blue"?

Based upon the 2006 calendar, with the co-owner changeover day being a Saturday,
the weeks designated as “Red”, “Yellow” and “Blue” are:

Month

Week
Starting

Week
Starting

Week
Starting

Week
Starting

Week
Starting

January
Week 1
w/c 7th Jan
Blue
Week 2
w/c 14th Jan
Blue
Week 3
w/c 21st Jan
Blue
Week 4
w/c 28th Jan
Blue
February
Week 5
w/c 4th Feb
Blue
Week 6
w/c 11th Feb
Blue
Week 7
w/c 18th Feb
Blue
Week 8
w/c 25th Feb
Blue
March
Week 9
w/c 4th Mar
Blue
Week 10
w/c 11th Mar
Yellow
Week 11
w/c 18th Mar
Yellow
Week 12
w/c 25th Mar
Yellow
April
Week 13
w/c 1st Apr
Yellow
Week 14
w/c 8th Apr
Yellow
Week 15
w/c 15th Apr
Yellow
Week 16
w/c 22nd Apr
Yellow
Week 17
w/c 29th Apr
Yellow
May
Week 18
w/c 6th May
Yellow
Week 19
w/c 13th May
Yellow
Week 20
w/c 20th May
Yellow
Week 21
w/c 27th May
Red
June
Week 22
w/c 3rd Jun
Red
Week 23
w/c 10th Jun
Red
Week 24
w/c 17th Jun
Red
Week 25
w/c 24th Jun
Red
July
Week 26
w/c 1st Jul
Red

Week 27
w/c 9th Jul
Red

Week 28
w/c 15th Jul
Red
Week 29
w/c 22nd Jul
Red
Week 30
w/c 29th Jul
Red
August
Week 31
w/c 5th Aug
Red
Week 32
w/c 12th Aug
Red
Week 33
w/c 19th Aug
Red
Week 34
w/c 26th Aug
Red
September
Week 35
w/c 2nd Sep
Yellow
Week 36
w/c 9th Sep
Yellow
Week 37
w/c 16th Sep
Yellow
Week 38
w/c 23rd Sep
Yellow
Week 39
w/c 30th Sep
Yellow
October
Week 40
w/c 7th Oct
Yellow
Week 41
w/c 14th Oct
Yellow
Week 42
w/c 21st Oct
Yellow
Week 43
w/c 28th Oct
Blue
November
Week 44
w/c 4th Nov
Blue
Week 46
w/c 11th Nov
Blue
Week 47
w/c 18th Nov
Blue
Week 48
w/c 25th Nov
Blue
December
Week 49
w/c 2nd Dec
Blue
Week 50
w/c 9th Dec
Blue
Week 50
w/c 16th Dec
Blue
Week 51
w/c 23rd Dec
Red / Yellow
Week 52
w/c 30th Dec
Red / Yellow

When do you want your "Summer" (or main) holidays to be?

If you want your "summer" holidays on your boat to be in the peak months of June, July or August, then you must buy a “RED” share.

If you would prefer your "summer" holidays on your boat to be in the quieter months of March, April, May, September or October then you must buy a “YELLOW” share.

A "RED" share is more expensive than an equivalent "YELLOW" one.

How many summer cruising weeks do you want?

The next decision that you need to make is how many summer weeks cruising you want to do.

Do you want one week, two weeks, three weeks or four weeks?

If you want ONE WEEK'S summer cruising then you need a TWO WEEK (one summer, one other) share - this is a 1/24th SHARE

If you want TWO WEEKS summer cruising then you need a FOUR WEEK (two summer, two other) share - this is a 1/12th SHARE

If you want THREE WEEKS summer cruising then you need a SIX WEEK (three summer, three other) share - this is a 1/8th SHARE

If you want FOUR WEEKS summer cruising then you need a EIGHT WEEK (four summer, four other) share - this is a 1/6th SHARE

Each summer week's cruising needs to be balanced with an "other" week - this allows the boat purchase and running costs to be fairly spread over all of the owners.

Your "summer" weeks will be designated the colour of your choice of cruising months ("Red" for June, July or August and "Yellow" for April, May, September and October) and your "other" weeks will be taken in the "Red" and "Yellow" weeks not used by the other owners for their summer weeks, plus the weeks shown as "Blue" in the calendar above. This is explained more fully below where we show how your usage entitlement is allocated.

IF YOU PURCHASE A 1/12th (4 WEEK) SHARE, YOU WILL ALWAYS GET TO USE YOUR BOAT IN THREE "RED" OR "YELLOW" WEEKS - MEANING THAT EVERY YEAR, YOU WILL ALWAYS HAVE THREE WEEKS IN-SEASON CRUISING - GUARANTEED!

How are the weeks allocated between owners?

School holiday share allocation is explained in a following section.

Your "summer" "Red" and "Yellow" weeks are allocated first.

For each colour, the owners pick according to a rotating preference list. Owner 1 picks first, Owner 2 second and so on. Excluding the "school holiday" shares, there would typically be are 3 owners with 1/12th shares and 2 owners with a 1/24th share for the "Red" weeks and 4 owners with 1/12th shares and 2 owners with a 1/24th share for the "Yellow" weeks.

For the following year, the owner that picked first for each of the lists goes to the bottom of the list and everyone else moves up one.

For the "other" weeks entitlement, the picking order of the owners is reversed, so that those that picked last first time round, pick first for the remaining weeks.

"School holiday" shares do not carry any preference for the picking of their one remaining "other" week (their "blue" week).

The first owner in the "Red" list picks first, followed by the first owner in the "Yellow" list, second owner in the "Red" list, second owner in the "Yellow" list, third owner in the "Red" list, etc.

A 1/12th share owner picks one week from the remaining "Red" and "Yellow" weeks and one week from the "Blue" weeks. A 1/24th share owner picks one week from the "Blue" weeks only.

OK, so how many "red", "yellow" and "blue" weeks will I get each year?

A YELLOW SHARE WILL GIVE YOU
Your share usage fraction 1/24th 1/12th 1/8th 1/6th
Gives you a Total Weeks Usage of 2 4 6 8
Of which Usage in "Yellow" weeks is 1 3 4 6
Of which Usage in "Blue" weeks is 1 1 2 2
A RED SHARE WILL GIVE YOU
Your share usage fraction 1/24th 1/12th 1/8th 1/6th
Gives you a Total Weeks Usage of 2 4 6 8
Of which Usage in "Red" weeks is 1 2 3 4
Of which Usage in "Yellow" weeks is 0 1 1 2
Of which Usage in "Blue" weeks is 1 1 2 2

What if I can only use the boat in school holidays? 

We offer school holiday shares specifically for those people who need to use their boat in the school holiday periods. The following describes the system for English and Welsh school holidays. Scottish school holidays can also be accomodated within our system (please ring for details).

A maximum of three "Red" 1/12th (4 weeks) shares can be designated as "school holiday shares".

These owners have priority in reserving their "summer" "Red" weeks, plus one of their "other" weeks - but only for recognised school holiday dates. These are the last full week in July, the week that straddles July and August, the first four full weeks in August and Whit week, which are designated as "Red" weeks in the calendar shown above, Easter fortnight and October half term which are shown as "Yellow" weeks on the calendar above and Christmas and New Year weeks, which are shown as "Red or Yellow" on the calendar above.

A "School Holiday Share" owner will be able to take three of their four weeks in school holiday periods. Owner 1 will pick first in year one and will reserve two of their four weeks, which can be in any of the weeks mentioned above.. Owner 2 and Owner 3 then pick their two weeks.

The picking order then reverses for the reservation of the "other" weeks. Owner 3 will then reserve one of their "other" weeks first from the remaining school holiday weeks. The only proviso is that no more than two of the three weeks booked can be "Red" designated weeks. (e.g. you can have two "Red" weeks and one "Yellow" week, one "Red" week and two "Yellow" weeks or three "Yellow" weeks - but NOT three "Red" weeks - this is to be fair to the other owners). Owner 2 and Owner 3 then reserves their third week.

It is not usually possible to allocate your remaining "other" week (i.e. your winter "Blue" week) in school holiday periods.

We do not charge extra for "school holiday" shares, either in purchase cost or annual running costs.

Shares can be designated "school holiday" right from purchase, but this status can be released in future years or requested in future years (subject to availability).

Why can't I just purchase my summer weeks?

The purchase and running costs of your boat need to be spread fairly over all of the owners.

There is no such thing as a "free lunch". Some boatshare schemes allow you to purchase "summer" weeks only. But in reality, what this means is that they have spread the cost of the boat, and the running costs that you pay each and every year, over a smaller number of weeks.

You will often see phrases in these schemes that say something like "our costs are calculated on the assumption that we sell 34 weeks". What this means is that the purchase and running costs of the boat are spread over these 34 weeks - MEANING THAT YOU ARE STILL PAYING FOR THE "UNSOLD" 14 WEEKS OF THE YEAR, without having the opportunity to use the boat in these weeks if you want to!

Do I need to use my winter "Blue" week(s)?

No. The best way of looking at these is as a "bonus", as they are used to spread the purchase and running costs fairly over all of the co-owners. It's not unusual for the owner of a 1/12th share (for example) to actually only use the boat for three weeks of the year.

Can you explain that to me again?

If you don't fully understand the allocation system after reading this, don't worry. The system is actually quite simple, but like most things, it's easier to explain verbally than in writing!

Please just ring us on 01270 760 770 and we'll happily talk you through it. We'll even ring you back if you want!

When are the next "flexible cruising scheme" Boats available?

We have some SECOND HAND SHARES AVAILABLE at a good discount to the new share price. Please ring us on 01270 760 770 for details.

Our three 2007 boats, "Firefly", "Bittern" and "Halcyon" have now sold out.

We are now taking reservations in our eleventh and twelth share boats, which will be launched in early 2008. SHARES IN THESE BOATS ARE SELLING FAST. RESERVE YOUR SHARE NOW TO AVOID DISAPPOINTMENT!


Current Share Purchase Prices for the "Flexible Weeks Cruising" Scheme shares (PRICES VALID AS AT 1.5.07)

Below are the one-off purchase prices for the different shares available in a "Flexible Weeks Cruising" scheme boat.

The holding deposit payable on reservation of your share is returnable up until the commencement of the building of your boat.

Reserve your share now and YOU CAN HAVE A SAY IN THE NAME AND LIVERY OF YOUR BOAT!

Remember, If you want your "in-season" usage entitlement to be in late March, April, May, September or October , then you must buy a YELLOW share.

If you want your "in-season" usage entitlement for the boat to be in the peak months of June, July or August, then you must buy a RED share.

A RED share is more expensive than an equivalent YELLOW share.

YELLOW SHARE PURCHASE PRICES
Your share usage fraction 1/24th 1/12th 1/8th 1/6th
Gives you a Total Weeks Usage of 2 4 6 8
Of which Usage in "Yellow" weeks is 1 3 4 6
Of which Usage in "Blue" weeks is 1 1 2 2
The purchase price of a "Yellow" Share is £4,000 £7,500 £11,500 £14,500
Payable As :
Holding Deposit
Upon Commencement of Boat Build
Balance due on delivery of the boat

£250
£1,000
£2,750

£250
£2,000
£5,250

£500
£3,000
£7,500

£500
£4,000
£10,000
RED SHARE PURCHASE PRICES
Your share usage fraction 1/24th 1/12th 1/8th 1/6th
Gives you a Total Weeks Usage of 2 4 6 8
Of which Usage in "Red" weeks is 1 2 3 4
Of which Usage in "Yellow" weeks is 0 1 1 2
Of which Usage in "Blue" weeks is 1 1 2 2
The purchase price of a "Red" Share is £4,875 £9,250 £13,625 £18,000
Payable As :
Holding Deposit
Upon Commencement of Boat Build
Balance due on delivery of the boat

£250
£1,000
£3,625

£250
£2,000
£7,000

£500
£3,000
£10,125

£500
£4,000
£13,500

What running costs will I pay each year?

The following are the ESTIMATED ANNUAL RUNNING COSTS FOR THE NARROWBOAT
(the running costs of a "Red" and "Yellow" share are the same).

Your share usage fraction 1/24th 1/12th 1/8th 1/6th
Mooring Fees
BW Licence Fees (SEE BELOW)
Insurance Premium
Servicing
Repairs & Breakdown
Wintering / Blacking
Bottled Gas
Future Repairs Fund*
Syndicate Running Costs
Management Fees
£50.00
£60.42
£23.96
£41.67
£10.42
£31.25
£6.25
£50.00
£10.42
£145.00
£100.00
£120.83
£47.92
£83.33
£20.83
£62.50
£12.50
£100.00
£20.83
£290.00
£150.00
£181.25
£71.88
£125.00
£31.25
£93.75
£18.75
£150.00
£31.25
£435.00
£200.00
£241.67
£95.83
£166.67
£41.67
£125.00
£25.00
£200.00
£41.67
£580.00
Estimated Total Running Costs, 2nd year of ownership £429.98 £858.75 £1,288.13 £1717.50
Estimated Running Cost Per Week's Usage £214.69 £214.69 £214.69 £214.69

LICENCE FEES ARE SHOWN ABOVE AT THE HIGHER HIRE BOAT RATE. IT IS USUALLY POSSIBLE TO LICENCE YOUR BOAT AT THE LOWER PRIVATE BOAT RATE, SAVING £75 PER 1/12TH SHARE.

* This accumulates from year to year and is used to fund major repairs such as engine overhauls, bottom blackening, hull repainting, etc, as well as unexpected minor repairs.


For the first year of ownership only, OUR MANAGEMENT SERVICE IS FREE!

All boat maintenance fund monies are kept in a separate client bank account and spent only with your permission

Estimated running costs (with the exception of the Management Fees) are true third party costs. As such they are based upon current charging levels and cannot be guaranteed.

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The Frequently Asked Questions>>>


Carefree Cruising Limited
Moss Bridge Cottage, Elton Moss Canal Bridge, Sandbach, Cheshire. CW11 3PW
Telephone : 01270 760 770
Registered in England & Wales, Number 4438204
Office of Fair Trading Consumer Credit Licence Number 532803
All site contents copyright Carefree Cruising Limited 2002 to 2007.


* Actual owner change-over day may vary depending upon the operating requirements of the host marina. Back>>>>