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Chartering: When ownership loses out

By Simon de Burton

Published: September 22 2008 13:16 | Last updated: September 22 2008 13:16

With build costs running at more than €1m ($1.5m) per metre, owning a modern superyacht is undoubtedly a sure-fire way of demonstrating one’s wealth and status.

But for those who regard yachts as a source of fun and relaxation for two or three weeks of the year, ownership loses out to charter every time.

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