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Does TMM offer a guaranteed payment to its yacht owners?

April 26, 2017guaranteed Offer owners payment tmm Yacht

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Does TMM offer a guaranteed payment to its yacht owners?

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TMM does not, like some larger charter companies guarantee the owners mortgage payments. TMM pays its owners the majority (75%) of the boats charter revenue. We then bill the owner for operating and maintenance expenses each month. In a guaranteed payment program, there is no limit to the number of weeks that a particular boat may charter – and the owner receives no up-side benefit, only additional wear and tear. TMM has been operating on the same traditional management program for over 20 years, and it has served our owners well.