The share price is a one-time investment that entitles the use of the boat.
The management fee works in the same way as in a condo association company where shareholders are jointly responsible for the company's running costs. The management fee is determined for each boat separately. Every boat has its own cost structure, hence the management fee is by boat. The management fee for the following year is based on the current budget and is allocated based of usage time of the boat, i.e. is prorated among the shareholders weeks of ownership for each boat.
seatime management ensures that the company is able to take advantage of better purchasing power and manage procurement centrally by negotiating with different suppliers for the best price. By focusing on just one brand seatime also ensures low cost of spare parts and upgrades, as well as to ensure the quality of the maintenance work. For an individual boat owner it would be almost impossible to achieve a similar benefit from the negotiation with suppliers. Shareholders therefore, benefit from group purchasing power of seatime.