The Adventure Syndicate has been designed for families and offers a great alternative to a second home. It comes from some of the experiences that we had when my children Stormy, Harper, and May were growing up. We wanted them to learn about the ocean, to feel the adventure of being at sea and the excitement of visiting new places. We wanted to teach them how to swim and dive in the ocean and to understand what it’s like to really switch off and enjoy a good book in a quiet anchorage. To feel the wind in their hair, to see the weather systems roll through and see all of the potential of the world around them. So we owned boats, and we took them far and wide and I have to say that it was one of the best things that we did for our kids as they grew up and we look back on those experiences as the very best of times.
But, like everyone else we were crazy busy at work, the holidays were short and for the most part, our boat sat in a marina unused, requiring maintenance and costing money. The Adventure Syndicate has been designed to provide you with all the good bits, but without the hassle and frustration of paying to own all of a boat that you may not be able to make full use of. Like everything we do at Arksen, I hope it encourages you to join us on this journey and that it is the beginning of a great adventure for you.
Founder of Arksen
Designed for explorers, made for adventure, so why wait?
Arksen has always been about much more than ownership. It’s about the experiences that are available to our community and the opportunities to go beyond the norm. We set out not only to build the very best explorer vessels but to provide the infrastructure and support to enable our community to use them to their fullest potential. The Arksen Explorers Club, Arksen Philanthropy, Sea Time Pledge and Yachts For Science are the cornerstones of this experiential approach, and we are glad to see the impact that these initiatives are having on the industry as a whole.
We also wanted to open up more opportunities for our community and their families to embark on these life-enhancing adventures and work with us to engage in important work to help protect the oceans. And so we are proud to offer the Adventure Syndicate, a pioneering club via which Members enjoy shared ownership of one of our unique vessels and full access to the experiences we offer.
The Adventure Syndicate offers like-minded adventurers several major advantages:
- Significantly lower costs
- Financial flexibility
- Fully managed, no-hassle fractional ownership, from 2 to 10 weeks a year
- Fully equipped, crewed, maintained vessels with all key costs included
- Multi-year adventure-themed cruising itinerary
- Participation in science programmes run by Arksen Foundation
- Use of all adventure equipment for your greatest adventures
- A like-minded, family orientated community
Once in a while, an opportunity comes along that can change the course of our lives forever. The Arksen Adventure Syndicate is one such opportunity, one that provides extraordinary adventures and experiences for you and your family via
a multi-year cruising program in one of our European, Asian, American, or Global syndicates.
Designed for Explorers, Made for Adventure.
Enjoy zero hassle ownership and the benefits of a fully maintained, crewed, and equipped vessel with the financial flexibility to trade in and out of a syndicate at any time. But more importantly, in this time scarce and chaotic world, it provides the ultimate escape, a way of getting off the beaten track, enjoying the wilderness, and participating in projects that will help us better understand and conserve our world’s oceans.
Our planet is an awe-inspiring place. Full of incredible splendour, beauty, and hidden treasures. Its layers of culture, geography, and colour; from major cities to the smallest settlements, from the Arctic wilderness to the balmy tropics, from a perfect sunny day to a raging storm create an explorer’s paradise. Yet, while many of us might dream of experiencing some of these things, it’s rare that we have the time and tools to embark on and share these adventures. Our aim is to change that by providing everything that you need to start exploring the best that our planet has to offer.
Our approach to developing the Adventure Syndicate stems from over 25 years of boat ownership. As owners, we soon realised that few of us have the time or money to commit to the full ownership of a large vessel and that even when we do the hassle of maintaining and operating them can wash off the glamour.
It’s an unfortunate truth that the vast majority of yachts sit in the same marina, little used, year after year, meaning that owners cruise the same waters and anchor in the same bays. Over time, the adventurous spirit that was the inspiration for buying a boat in the first place can get lost.
However, by creating a fully managed syndicate around a vessel, we can significantly reduce the cost of ownership and ensure that the yachts are fully equipped, operated and maintained to the highest standards. Better still, the Adventure Syndicate offers global opportunities for adventure via four-year cruising itineraries while working with Yachts For Science to support crucial marine research.
You may love sailing in the Mediterranean, or cruising around Northern Europe. You may have dreamed of ski touring in the Norwegian Fjords, or sailing to Kamchatka, or across the Pacific Ocean. You may want to explore Newfoundland or Greenland or go diving in the Caribbean. The Arksen Adventure Syndicate provides the opportunity to do all of these things and more.
Our syndicates are each based on a cruising area: Europe, the Americas, Asia or Global. Members of one syndicate can swap weeks in one cruising area for another.
We design the itineraries with all syndicate Members around a 4-year cruising program that is designed to capture the spirit and soul of the region.
The Adventure Syndicate is all about… adventure. Allowing you and your family to set off on the journey of a lifetime in a vessel that you own. The logistics and support are provided by the Arksen Explorers Club. Each syndicate chooses its own itinerary and adventures and these might include the great explorer routes used by Cook, Nansen, Scott, Cousteau or Tilman, it may be following the ancient sailing routes around the Mediterranean. Or a plan entirely of your own making.
Whatever adventure you want to embark on, the equipment is onboard. Diving and snorkeling, climbing and hiking, sailing kayaks, paddleboards, sea bobs, Arksen Expedition Rib, kitesurfers, water skis, wakeboards and even underwater and airborne drones.
An evolution of the original Arksen Foundation, Arksen Philanthropy was created to provide project funding, facilitate cutting-edge scientific research and produce inspiring media to encourage a greater understanding of our oceans.
To achieve the largest impact possible, the team at Arksen has been working with a board of advisors to refine our approach to becoming a platform for research, conservation, creativity, and stimulating behavioural change globally.
Arksen Philanthropy is made up of three core elements and is designed to create the infrastructure for ocean access and generate funding for marine research, legal and educational projects.
The Sea Time Pledge – Yachts For Science – 10% for the ocean
The beginning of a great adventure
What is an Arksen Explorers Syndicate?
How is a syndicate set up?
and operate an Arksen vessel.
Each Syndicate Member is a member in two senses of the word: a shareholder in the company and part of a community of like-minded souls.
How is the syndicate operated?
to the Members.
The Director will manage the day to day operations and finances of the Syndicate, convene Member meetings, agree usage allocations and the cruising itinerary for the following 24 months and appoint
and oversee the Captain of the vessel.
Are there different types of vessels available in the syndicates?
The Syndicate offer is available for two of our most capable vessels:
Arksen 75 Syndicate Edition accommodates up to 7 guests in 3 cabins with 2 crew.
Arksen 85 Syndicate Edition accommodates up to 10 guests in 4 cabins with up to 4 crew.
What is the specification of the syndication vessels?
Diving, snorkelling pack including wet suits
Climbing harnesses, carabiners and ropes
Drones and underwater drones
Arksen Expedition rib
What adventures are open to Syndicate Members?
Are there different syndicate types?
certain regions. However, as a Member of a Syndicate, your adventure opportunities are not limited to the location of the
boat that you co-own.
Instead, subject to availability, the Arksen Explorer Club will enable Members of a European Syndicate, for example, to undertake the adventures that can be enjoyed from a boat in the Americas.
To accommodate the widest community of Members we offer
4 Syndicate types;
European / Arctic cruising programme
The itinerary includes the Mediterranean, UK and Ireland, Baltic, Norway, Iceland, Faeroes, Greenland.
Americas / Arctic cruising programme
The itinerary includes the Caribbean, Central America, South America, North America, New Foundland, Greenland.
Asia / South Pacific
The itinerary includes Australia, New Zealand,
South Pacific, Indonesia, East Asia, Japan, Kamchatka.
Roving itinerary with 5-year cruising programme.
(Note that there may be differences in operating cost and Member contributions between the Syndicate types. These differences will reflect, for example, the increased fuel consumption of a Global itinerary vs. a European itinerary. Certain assumptions have been made in our high level calculations.)
How is the cruising itinerary decided?
the final decision on itinerary.
How is usage allocated?
What about the rest of the time?
Can Members use the 13 weeks allocated to commercial charter?
in return for more usage. Read below for more detail.
What is the Sea Time Pledge?
All Arksen owners are encouraged to sign up to the Sea Time Pledge, whereby they donate a portion of their vessels’ annual sea time to scientific or educational projects.
Through our scientific network and with the help of the Yachts For Science platform, owners have access to a wealth of opportunities to turn their deliveries, transits or downtime into vital exploration and sea time for researchers, explorers, thought leaders and filmmakers to run their projects.
The projects can be run when the vessel is not in use by the owners or can be conducted as a unique and educational experience for family and friends. Providing the chance to be actively involved in furthering our knowledge of the complexity and fragility of the ocean ecosystem.
Practicalities of Ownership
Do I have to be on board with other Syndicate Members?
What if I don’t expect to use all of my allocated weeks in a given year?
Members can also offer allocated but unused weeks for commercial charter and use the charter profit to offset their costs for the year. How many unused weeks are sold for commercial charter will depend on market demand.
What if I want to use more weeks in a given year?
Members can also purchase additional time from the pool of time available for commercial charter.
How are weeks allocated between members?
Members may also choose to share time on-board, by agreement, thereby increasing the total amount of time on-board each year.
Is the vessel chartered out to third parties?
For several weeks each year, the vessel is made available for charter to third parties. The revenue from this activity is used to offset the operating costs for Members. Members have priority over the allocation of time. Charter availability is confirmed only after Syndicate member usage has been agreed. The actual charter revenue achieved will depend on the amount of time the Members allocate to charter and on market demand.
In the first year of the Syndicate operation, Arksen will guarantee at least 5 weeks of commercial charter revenue.
Who crews the vessel?
How is the vessel maintained?
Is food included?
Can I order specific food in advance?
What about fuel and berthing costs?
What if I want to stay at a specific marina?
How many guests can each yacht take?
The Arksen 75 has three cabins that can accommodate up to 7 people.
What is the swap over day?
What level of crew and service can I expect?
Can I upgrade the level of service?
Do I have to tip the crew?
What if I want to crew myself?
What happens if I damage the boat?
What happens if the vessel is out of service during my weeks?
Will I have to pay for the upkeep of the boat?
What is the legal status of the syndicate?
How is the company run?
The company will have a sole Director, appointed by Arksen. This person will be responsible for overseeing all corporate and financial matters of the company and will be the primary point of contact for the Members. The Director will appoint a Captain, who will be responsible for the day-to-day operational running of the vessel – the company’s primary asset – with the support of the shoreside Arksen team.
Regular management accounts will be provided to all Members.
How long does Membership last?
What if I want to get out early?
If no other Member wishes to buy out the leaving Member, Arksen
will market the share to potential buyers who have registered interest. To fund the marketing of the shares and simulate market demand Arksen charges a 6% commission on the value of the sale to the new buyer and the retiring Member.
The Member is also free to market their share directly.
The Economics of Membership – Investing in a Syndicate
What is my minimum investment required to become a Syndicate Member?
25 weeks per year of usage are allocated to Members, to be split between them according to the membership size.
This means that 8% membership will get you 2 weeks per year Member Usage.
Above 8%, further investment will be accepted in increments of 4%, with each 4% representing one week of Member Usage.
Can I get together with friends to buy into the Syndicate?
How many weeks of priority usage will I get as a Member?
For example, if you own 20% of a Syndicate, you will be entitled to 5 weeks of usage of the vessel owned by the Syndicate.
If I am a UK taxpayer, can I invest through the Enterprise Investment Scheme?
For the avoidance of doubt, no representations or warranties are made to this effect by Arksen and no reliance should be placed on Arksen in respect of the availability to an investor of income tax relief under the Enterprise Investment Scheme.
How are Member payments into the Syndicate structured during the vessel build?
What about after the build?
Is there an option to finance buying Syndicate Membership?
1) Asset Finance
Arksen can offer an asset finance programme, designed to smooth the cash obligations on Syndicate Members.
These loans would be non-recourse to the Members but would include stringent requirements for Members to ensure the company is funded to make debt service obligations.
More detailed information is provided in the section below called ‘Debt Finance’.
2) Personal Lending
Members are of course free to secure personal loans from lenders of their choice in order to fund costs of entry and ongoing commitments in the Syndicate.
Arksen would be happy to make introductions to potential lenders but these arrangements are for your own personal accounts and independent of Arksen.
Am I personally liable for the debt?
What happens if a Syndicate member defaults on their obligations so that the company cannot service the asset finance?
The remaining Members will have the right to purchase these shares and step into the defaulting Member’s shoes. If no other Member steps into the defaulting Member’s shoes, Arksen will seek to introduce a new Member.
The Economics of Membership – Membership Contributions
Are there ongoing costs associated with Membership?
What is included in the Members’ contributions?
If the Syndicate has taken on asset finance, Members’ contributions will also include debt service.
What form will the annual contributions take?
How are the Members’ contributions calculated?
What happens if there is a shortfall?
What happens if there is a surplus?
Th Economics of Membership – The End of Membership
What happens at the end of the Syndicate’s life?
Alternative arrangements, such as continuing the Syndicate, can be accommodated upon agreement between the Members.