MONEY, AGAIN…

Money is arguably the most critical aspect of a long sailing voyage: spend too little for the boat, and your voyage may be spoilt by continuous breakages or even, God forbid, by the loss of the boat or injuries to people. Spend too much and you may leave with not enough money to cover the voyage’s daily expenditures or to pay for unexpected repairs.

During the preparation period, which in our case lasted about 4 years from first concept to the moment of setting off for good, we kept a strict control on what we were going to spend and what the actual expenditure was.

The initial budget was, very tentatively, of 300,000 Euros divided as follows: 150k to purchase the boat (a 40-footer second-hand, or a smaller new one), 50k to equip the boat for long-distance voyaging, 50k to be kept as cruising kitty to be spent during the voyage (on top of our regular pension income, being both retired) and the last 50k as emergency funds.

Thanks to the availability of a little more money, we later increased the budget to 400,000, with the extra money being spent on a stronger, better equipped boat, the rationale being that we wanted to minimize the risks for ourselves and for the successful completion of the voyage.

We spent almost exactly 300,000 Euros to purchase and equip the boat: had we bought it new, we would have spent about 90,000 more. This may seem a lot, but have a look at the following list, and you will not find a lot of things that you would not carry during a similar voyage! In fact, there are a few missing, like for example a genset or a central heating system or, perhaps more important, a twin-headsail system.

SHAULA 3 = ALUBAT OVNI 385
Price € Notes

OVNI 385 – built 2001 – ser.no.39 206.733
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purchase price in 2005 195.000 (Price new: 280.000€)
included optional items:
Full Batten Mainsail
Removable Staysail
Mast-base granny bars
Hull thermal insulation
Extra battery total 3+1 x 95Ah
water-cooled refrigerator isotherm ASU Magnum 4201
2nd cockpit locker
sail locker
cockpit folding table + Lewmar pedestal tablet
saloon double berth
electronics pack VHF, GPS, ST60 Depth+Tridata
Lewmar DELTA 16Kg. anchor
60m chain 10mm
Spare anchor Fortress FX32
Wind-powered generator+reg. Aero6gen
Battery management system Thira AMB
Fixed GPS unit Magellan MLR312
Multiband radio receiver Sony
Inboard autopilot Raymarine ST6000+
Tender Bombard Ax3 Aerotec
Outboard Tohatsu 3.5HP
SOLAS 6-man liferaft Plastimo Ocean+ 6P
Storm sail (Adapted for furling gear)
Dodger
Watermaker Livol 30 lt/h
Crockery
Solar Panels 2x50W 3.300
bimini 3.050
radar installation 2.200
Black waters holding tank 2.500
spinnaker pole 683

Rigging and equipment additions 6.665
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Deck equipment integration 1.000 Fairleads, clutches, etc.
Spinnaker winches in cockpit 1.400 2 x Harken ST40
feathering propeller 1.600 3-blade Maxpop
22Kg CQR anchor 600 (main anchor, later replaced)
20m chain x 10mm 150
2x50m anchor rode 125
4x50m 18mm-rope 350 req. x Panama Canal
50m ancarolina 250
4x15m mooring warps 150
Lewmar Delta 20Kg anchor 220 (replaced the CQR)
Hall-type 12Kg. stern anchor 30
20m chain 8mm (for stern anchor)100
100m rope 14mm 100
8 x fenders 300
“anchor saver” 150 Osculati
chain hook + rope 50 Wichard
stern fender 90 Avon

Safety 12.695
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EPIRB 406 MHz with GPS 1.400 ACR globalfix 406
SART 750 Simrad
SOLAS 6-man liferaft 400 servicing of existing liferaft
Man-overboard alarm system 600 Raymarine LifeTag
grab-bag 150 ACR rapid-ditch bag
flare pack 190 kit >50nm
4 x lifejackets w/harness 600 Crewsaver 150N (o 250N?)
various safety items 250 lifebuoys, bell, fog horn
4x fire extinguishers 160
fire blanket 100
exhaust temperature alarm 120
MOB recovery system 350
First Aid kit 900 L.E.WEST
weather instruments 300 (temp/humidity/pressure/clock)
spare portable GPS receiver 225 Garmin 72
6 x survival suits 100
“weel mark” radar reflector 200 Echomax 230
compact scuba equipment 550
hand-held VHF 350 Icom IC-M11
spare parts 5.000 see list

Electrical systems 3.100
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water-towed generator 850 Aqua4gen
Inverter 12V DC / 220V AC 300 Sterling 1000w
portable generator 1.100 Honda 110
smart alternator regulator 500 ADVERC
Galvanic Isolator 200 Sterling 30A
reading lights 150 LED-lights

Electronics 26.270
——————————————–
Raymarine console 1.100 ST60-speed+depth+close hauled
Radar/chartplotter display 1.200 Raymarine RL70CRC
Radar+MARPA 2.200 Raymarine 18″ radome+gyro
cockpit radar/chartplotter 1.400 Raymarine SL70CRC+navpod
wind repeater on pedestal 460 Raymarine ST60 wind
autopilot remote control 600 Raymarine Smartpilot
2x satphone + data kit 3.700 Motorola 9505a
SSB transceiver 10.000 Sailor HC4500E
SSB modem 1.100 Pactor IIex + shielding kit
backstay isolators 520
notebook PC 1.300 Toshiba Satellite N200
Navtex receiver 600 Furuno NX300D+
car radio 150
multistandard LCD TV 500 Sony Wega 15″
TV amplified antenna 160 Glomex
fixed DSC-VHF+cockpit repeater 1.000 Icom M601 DSC+commandmic
handheld VHF 280 Icom M31

Tender 3.280
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Tender airdeck 2.8m 1.450 Zodiac Cadet fastroller 285
4T 6 HP outboard 1.550 Mercury 6HP 4-stroke
Crane 280 Osculati

Sails 12.700
——————————————–
babystay furling gear 1.900 Profurl NCI32
Cruising Chute + sock 2.600 Technosail
spare mainsail + genoa 5.500 Technosail (incl. lazy-bag)
double sheet blocks 700 Harken
rigging integration 2.000 sheaves, camlocks, etc.

Comfort 9.040
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mast steps 500 Osculati
mast climbing gear 100 Kong
folding passerelle 850 Plastimo
wind vane system 4.800 WindPilot Pacific M3
boom brake 450 Walder 230C + sheaves
4 x Camping-Gaz bottles 240
Barbecue…. 500 Magma – gas
fresh water foot pumps (backup) 200
2 x folding bikes 1.400 Di Blasi R4 (inox)

Navigation 16.820
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hand-bearing compass 120 Plastimo Iris (x2)
7×50 binoculars w. compass 670 Steiner Skipper 7×50
Sextant 600
night vision monocular 230 Yukon 3×42
Nautical charts (paper) 7.000 see list
C-Map PC Planner NT 500
C-Map NT+ charts (electronic) 5.000 18 C-Map NT+ wide cartridges
nautical publications 2.000 pilot books, etc.
courtesy flags 700

———————————————
GRAND TOTAL: 297.303
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Where we got it completely wrong was in estimating the voyage-related expenditures, which amounted to more than 100,000 Euros (of which a sizeable portion was spent before even setting sail, like the Rally fee or the expenses related to voyages to the boat during the preparation, which took the best part of two very busy winters!).

A last point to consider are the expenditures after the voyage: the boat must be kept somewhere (at European prices!) and repairs are likely, for example:
– a (much needed) paint job
– replacement of the standing rigging (we found a serious crack in the forestay!)
– engine overhaul (after 2500 hours spent during the voyage the engine may be very near the end of its useful life)
– sail replacement (actually, we left with a spare set, but we were lucky and completed the voyage with the old ones, preserving the new ones for future use, but others were less lucky)
– addition of missing gear, such as a heating system and, maybe, a genset
– new regulation requirements, such as the black- and grey-waters tanks which are becoming mandatory in Turkey

All the above may easily amount to 30/40,000 Euros, and many of these jobs may be urgent!

Nowadays, my recommendation would be to foresee an expense budget in the range of 200,000 Euros (that’s including 50,000 for the emergency fund, hopefully not to be actually spent), and remember that this is ON TOP of your basic living expenditures plus any expenses that you may have back at home, even if you are not there!

UPDATED RECOMMENDED BUDGET:

– BOAT PURCHASE: 200.000 €
– BOAT PREPARATION: 100.000 €
– PRE-DEPARTURE EXPENSES: 50.000 €
– VOYAGE EXPENSES: 60.000 €
– BOAT REFURBISHING: 40.000 €
– EMERGENCY FUNDS: 50.000 €
________________
– TOTAL: 500.000 €

MONEY, AGAIN…ultima modifica: 2009-12-28T16:42:15+01:00da shaula3_gian
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