Frequently Asked Questions: FAQs
OWNERSHIP & LEGAL
Am I really an owner of the boat?
Who holds legal title to the boat?
What legal documents are involved?
Do I need a lawyer to buy a LIVO boat?
Can I buy more than one ownership interest?
What is the co-owner vetting process?
What happens if LIVO stops operating?
PRICING & COSTS
What does the USD 35,000 ownership price represent?
It represents the purchase of a 1/8 ownership interest in the LLC that owns the boat.
What is included in the ownership price?
Are monthly operating costs included?
What do monthly operating costs include?
Are fuel and optional services included?
Can I finance my ownership interest?
RESERVATIONS & USAGE
How many days per year do I get?
Each 1/8 ownership interest includes 44 days of use per year, starting from the
delivery date.
How far in advance can I book?
Is there a priority order for booking?
How many active reservations can I hold?
What are Special Dates?
What happens if I cancel a reservation?
Can I exceed my allocated days?
OPERATIONS & SERVICE
Who manages the boat?
LIVO is appointed as the manager of the LLC.
Is a captain included?
Is maintenance handled by LIVO?
RESALE & FLEXIBILITY
Can I sell my ownership interest?
Yes. You may sell your ownership interest at any time.