Syndicate

The syndicate is entirely private and non profit making. It has run since 1993 when Mandarin was built. Each member owns a share in the boat until such time as they choose to sell. Skippers must be over 18 and have experience over 2 years on similar craft. A comprehensive syndicate agreement is signed on purchasing a share and joining the syndicate. 

There are two- or three-week p.a. shares and members pay monthly contributions of £66 or £99 respectively towards licensing, mooring, maintenance, insurance, gas and electricity costs. We aim to fully fund even large expenditure such as periodic repaints and engine replacement from these monthly payments. This works out at a very reasonable £396 per week holiday with only diesel, pump out and solid fuel costs to be paid on top. 

An Annual General Meeting is held at a hotel over a weekend out of season. A Chairman, Secretary, Engineer, Treasurer and Bookings Secretary are elected. This is also a great social event when we can meet with fellow owners who we might otherwise meet only briefly at handovers.

Cruising allocations are flexible, requested in advance of and finally agreed at the AGM. Additional use of Mandarin is generally available outside the season for a nominal sum. Each member is entitled to nominate up to two Associate Members who may use the member's allocation but with some restrictions.

The mooring location is continually reviewed and agreed at each AGM. 2019 is our third year based near Stone on the Trent & Mersey.