CHARTER BOAT OWNER TIPS FOR OWNERS AFFECTED BY COVID-19 IN THE BVI
Letter for current Charter Boat Owners in th BVI written by the President of Catco - Hugh Murray
We are being inundated with questions as to what a charter boat Owner should do if he has stopped receiving his income from his charter company. The internet is rife with those armchair ''experts'' advising these unfortunate Owners to ''just go get your boat'', ''sue the thieves'' or ''cut your charter company a break''. It is fair to assume that this situation is going to get a lot worse before it gets much better and trying to put a timeframe on the end of the disaster and the start of the recovery is simply impossible. Working out how long the recovery will then take is no easy feat either.
There are no easy answers here but there are some things that should be borne in mind when trying to come to the correct conclusion. This economic disaster has affected the entire charter industry but not all charter companies have suspended making owner payments so it is certainly not a good sign if some companies continue to pay and others do not.