Behind The Scenes: Dream Yacht Phase Out Process
What happens to your vessel once you have completed an ownership program with us? At Dream Yacht, concluding a yacht management contract isn’t just about paperwork—it’s a testament to our commitment to quality and our enduring relationship with yacht owners. Welcome to the world of the phase out: the final, crucial phase ensuring your yacht departs our fleet in impeccable condition, ready to sail or sell.
What is the Phase Out?
The phase out is more than just routine maintenance—it’s a comprehensive, final service that ensures your yacht leaves our fleet in excellent condition. This crucial step includes a full range of inspections, repairs, and replacements to make sure every part of your yacht is shipshape.
Our skilled technicians and base managers work closely with expert surveyors to check every system and component, from the engines and rigging to the upholstery and electronics. We handle all necessary fixes related to seaworthiness and address any damage beyond normal wear and tear. It’s a meticulously coordinated process that combines our technical expertise with our unwavering dedication to owners. This is in addition to the routine maintenance carried out during the ownership duration, learn more about Dream Yacht cares for these boats while they are still in the fleet here.
The Process, Step by Step
12 Months Before
Our sales team, familiar with your yacht and you, will reach out to discuss your options:
- Reclaim your yacht for personal use
- Entrust us with its sale through our pre-owned yacht department
- Negotiate a direct buyback if you’re upgrading to a new yacht in our management program
6 Months Before
We reconnect to confirm your plans.
3 Months Before –
If an owner chooses, a comprehensive survey can be arranged—at your expense if retaining the yacht, or at the buyer’s if a sales agreement exists. This expert assessment ensures your yacht meets the highest standards of safety and seaworthiness.
The surveyor inspects the boat both in and out of the water and conducts a sea trial, this neutral party allows for a fair assessment of the yacht. The surveyor will evaluate:
- Engines and transmissions
- Electronics and autopilot
- Electrical system and batteries
- Gas and freshwater systems
- Steering and rigging
- Anchoring gear
- Hull integrity
Simultaneously, our base manager and you (if available) inspect for cosmetic issues and other damages beyond normal wear and tear.
Photo by: Thibault Desplats
What’s Included—and What’s Not
We address all repairs to restore seaworthiness and rectify issues beyond typical wear and tear. Examples include:
- Faded cushions: considered normal wear—no action needed.
- Torn cushions: we’ll repair them.
- Scratches: not covered.
- Missing locker doors: we’ll replace them.
This isn’t a full-scale refit but a precise, thoughtful tune-up respecting your yacht’s age and character.
Our Commitment in Action
Post-survey, we formalize findings with a Conditional Acceptance Of Vessel. Approximately half the boats pass without issues—testament to our rigorous maintenance!
For those requiring attention, work commences immediately:
- 2–3 days for small monohulls
- 3–4 days for larger monohulls
- A week for catamarans
- 7–8 days for larger catamarans
We invest significantly in parts and labor, understanding that your yacht’s final condition influences its resale value and your confidence at sea.
Ready to Sail Away
Once the final touches are complete, we hand over the yacht seamlessly. After all, boating is our passion, and we know it’s yours too. Returning your yacht in a ready-to-use condition means you can quickly embark on new adventures or, if you wish, re-enter the ownership program with confidence. Because at Dream Yacht, we understand that every moment on the water matters.
Maintenance and Expenses: What You Need to Know
Dream Yacht’s management programs are designed to alleviate owners from maintenance responsibilities during the program’s duration. Most programs fully cover related expenses, including:
- All maintenance operations
- Dockage fees
- Insurance costs
- Parts, rigging, and haul-out expenses
Our seasoned fleet experts and technicians maintain detailed logs and schedules, ensuring your yacht remains in prime condition. The base manager supervises all maintenance activities, providing an additional layer of oversight.
At the program’s conclusion, the phase-out includes maintenance to restore the yacht to the agreed condition before final handover, ensuring a smooth transition for you.
For more detailed information, please visit our Maintenance and Expenses FAQ: Dream Yacht Sales – Maintenance and Expenses
Explore The Ownership Community
Owners become part of a dynamic and welcoming community that shares a passion for sailing and a love for exploring the world’s most beautiful waters. Learn from current and previous owners about their experiences, gain valuable insights into the ownership program, and discover how they’ve embraced the adventure and lifestyle that comes with yacht ownership. Whether you’re a seasoned sailor or just starting your journey, this community is there to support and inspire you every step of the way.
