Is Guaranteed Income Always Guaranteed?
The Moorings is credited with creating the “guaranteed income” ownership model that has become the most popular plan among the world’s largest charter companies. This attractive option aims to remove all risk to the owner as it ensures their loan or lease payment will be covered in the form of a guaranteed monthly payment from the charter company. Boat buyers are reassured during the sales process that no matter what, they will receive this payment, regardless of the actual charter activity of their boat. This guarantee is the cornerstone of the entire program. Without it the model fails, and the owner can be put in a very difficult situation.