Hello all,
It's been a couple of years since I've spent much time on this NG and I'm
pleased to see that it is still an active group. Hopefully I can get some
constructive advice here on a non-traditional boat sale agreement.

I am planning to sell my small custom trawler at a near giveaway price ($500
after adjustments). In return for the very cheap sale price I want to
retain the right to use the boat once a year for a short cruise.

The details can be read on my website
www.st-johns-river.com

I would love to hear from others who are or who have shared ownership or use
of cruising boats. How did your contracts handle issues of liability or the
total loss of the boat while one or the other partner was using it? What
other issues did you try to anticipate in your contracts?

My situation is fairly unusual in that the Wooden Nickel is not worth huge
money to begin with and if the "sale and retained right to use" deal does
not work out well, I can afford to walk away from the deal completely.
Selling an unusual boat like Wooden Nickel outright can be difficult. But
so far there is a lot of interest from folks who'd like to get a very cheap
cruising boat with this kind of deal.
- Tom