What is the 10% rule for yachts?
The “10% Rule” is a common guideline that suggests you budget around 10% of your yacht’s purchase price per year for running costs and maintenance . In plain English: a yacht that cost $500,000 might cost roughly $50,000 each year to own and operate. A 50 ft yacht generally incurs an annual cost of around 10% of its purchase price. Yacht owners can expect to spend approximately $50,000 to $100,000 per year on docking, insurance, fuel, cleaning, and minor repairs.
What are the 3 rules of sailing?
Rule 1: When you are on the same tack as the other boat, the leeward boat has the right-of-way. Rule 2: When you are on opposite tacks, the starboard tack boat has the right-of-way. Rule 3: If you are overtaking the other boat, or it is overtaking you, the boat ahead (the overtaken boat) has the right-of-way. Keep Clear. A boat keeps clear of a right-of-way boat: (a) if the right-of-way boat can sail her course with no need to take avoiding action and, (b) when the boats are overlapped, if the right-of-way boat can also change course in both directions without immediately making contact.Rule 14 – Avoiding Contact “A boat shall avoid contact with another boat if reasonably possible. However, a right-of-way boat or one sailing within the room or mark-room to which she is entitled need not act to avoid contact until it is clear that the other boat is not keeping clear or giving room or mark-room.When a boat acquires right of way or when a right-of-way boat alters course, she is required to give room for the other boat to keep clear. The other boat must promptly manoeuvre in a way which offers a reasonable expectation that she will keep clear.WHILE TACKING After a boat passes head to wind, she shall keep clear of other boats until she is on a close-hauled course. During that time, rules 10, 11 and 12 do not apply. If two boats are subject to this rule at the same time, the one on the other’s port side or the one astern shall keep clear.