Joint Ownership Programmes

Current Joint Ownership Programmes

Curaçao - 2023 - NEMO Submarine

Operate in the most stunning Sub Center in the world. Dive operations start May 2023. 1/8^th Share starting from € 80,000 for a NEMO submersible. Learn more about the programme on Curaçao: here.

Bonaire - 2023 - NEMO Submarine

Dive your NEMO from the Caribbean’s most stunning coral island. Dive operations start June 2023. 1/8^th Share starting from € 105,000 for a NEMO submarine. For more information contact us.

French Mediterranean & Caribbean with Dutch Craft DC56 - 2023 - NEMO Submarine

Reach any dive location with a unique purpose-built support yacht. Available from November 2023 in Curaçao (first Mediterranean season 2024). 1/8^th Share starting from € 448,750 for a NEMO Submarine and DC56. For more information contact us.

Bespoke Joint Ownership Programmes

Start a Joint Ownership Programme at a location of choice. Contact us to discuss your bespoke programme.

The Joint Ownership Programme delivers all the joy of ownership with a surprisingly low initial outlay. Our programme has been specifically created to offer a high-value, effortless and inspiring submersible exploration to its members at the world’s most amazing dive locations. The programme enables owners to conveniently and cost-effectively share all the acquisition and operational costs of the submersible without any worry about maintenance, management, and storage. Owners enjoy peace of mind thanks to complete transparency, legal ownership, and full management by a company you can trust.

NEMO

The ultra-modern design, sharp lines, hydrodynamic form, and optimal power to weight ratio, combine to create an instant classic. The NEMO’s fine detailing – including transparent nosecones, octagonal thruster ducts, car-like stern, and a fully acrylic pressurised hull – create a submarine with personality and performance. With a total weight of only 2,500 kilograms, the NEMO is the lightest manned submersible ever built. It stands only 155 centimeters high. With these key features, the NEMO is suited for a much wider audience. Given its low weight and size, the NEMO can be towed behind a car on a trailer for shoreside launching.

The Joint Ownership Programme works by bringing a group of owners together in a combined ownership structure over a set period of time. The submarine will be kept at a fixed shore-based location or will be carried onboard a dedicated support vessel that is part of the location-specific investment.

At the end of the programme period (typically 5 years), owners have the option either to dissolve the ownership structure and receive the proceeds of the sale in accordance with their shareholding, or continue with the same submersible with possibly new owners and/or at a new location.

Scheduling

Each 1/8th share in the programme entitles each owner to a number of days of diving every year. These are scheduled via an online reservation tool that ensures a fair division of the available days between all owners.
Co-owners may decide to join forces and organise multi-day – or even multi-week expedition from the submersible’s home base.

Diving

You can dive during your entire day (or night) wherever you like, for how long you like. Your sub will be in the water when you arrive and you decide if you want to pilot (subject to completing pilot license) – or have a pilot on board. At the end of your dive(s), your Sub Manager will recover, rinse and do all post-dive related activities including refilling and recharging for the next dive operation.

Maintenance and certification

Throughout the lifetime of the programme, your submarine will be cared for and safeguarded by the best in the business. Our aftercare provision is world class. The upkeep and technical operation of the sub is undertaken by a team that is part of U-Boat Worx. Each submersible is maintained to the highest standards, which also means we will manage the annual certification of the submersible by Norwegian-German Classification Society, DNV.

Global owners network

U-Boat Worx envisions a dynamic community of likeminded ocean explorers. Joint research projects, information exchange and combined expeditions are great examples of what lies ahead of the programme members. As future Joint Ownership Program locations are added, you’ll be granted exclusive access to this network of submarine owners. Depending on the location and demand for your time slots, you may swap time slots (possibly corrected for factor reflecting the difference in investment and operating budget) or pay an additional fee.

Investment (one-time)

The Joint Ownership Programme member must first purchase an interest in a submarine. Ownership is registered by means of share allocation in a Netherlands-based Limited Partnership.

The investment covers:

Submersible
Spares and basic set of consumables
Service Tools
Equipment for launch, recovery, refilling, recharging
Any other items required to operate the submarine
1-Year Full Warranty

The submersible pilot training program is not mandatory, but great fun, thus highly recommended. Especially as it will allow you as the co-owner to operate the submarine him/herself.

The cost for following pilot training will depend on the location.

Annual Contribution

Once the payment and registry are completed, the management responsibilities of the submersibles will be delegated to U-Boat Worx. Apart from ensuring safety, reliability and expert service of your submarine, it will offer peace of mind to the co-owner.

The contribution is agreed upon by the co-owners annually and covers the fixed cost of the submarine as budgeted for that year. These cost include:

Insurance,
Storage,
Launch & recovery,
Maintenance and service,
Periodic classification surveys,
Administration,
U-Boat Worx Management Fee

The contribution amount can be paid per year or on a monthly basis in which case an advance payment of 4- month is required at the beginning of the year.

Not time-share

Unlike time-share programs, you become a legal co-owner of the submarine and have title to the assets. The contribution fee is transparent, set and accepted on an annual basis and actuals are reported via the online owners portal. The Joint Ownership Program is as all-inclusive as possible, with only consumables, optional crew services, and other direct pre-agreed missions-specific expenses being chargeable.

Direct and mission-specific cost

The only remaining cost are direct costs like consumables (approximately € 25 per day) and any costs that are specific to your mission. Should a co-owner have any mission-specific requirements, then there might be an additional cost. These will be managed on a case-by-case basis and may require the consent of the other co-owners.

Unplanned cost

Financial reservations are included in the annual budget to cover unplanned service items outside the scope of the scheduled maintenance and more structural replacements. In the first year, the NEMO submarine is also covered under the regular U-Boat Worx warranty.

The annual budget is updated and adopted by the co-owners every year.

A Finance Manager from U-Boat Worx is assigned as part of the management fee. The Finance Manager will help create completely transparent finances – in real time on the online owners portal – for all owners to get an accurate handle on the ongoing running costs.

C-Researcher series
C-Researcher 2

500 M 1,640 Ft

5,750 KG 12,700 Lb

2

C-Researcher 2

1,140 M 3,740 Ft

7,200 KG 15,800 Lb

2

C-Researcher 2

3,000 M 9,840 Ft

9,960 KG 21,950 Lb

2

C-Researcher 3

300 M 1,000 Ft

6,300 KG 13,900 Lb

3

C-Researcher 3

1,140 M 3,740 Ft

8,900 KG 19,620 Lb

3

C-Researcher 3

2,500 M 8,200 Ft

11,300 KG 24,910 Lb

3

C-Researcher 3 LH

500 M 1,640 Ft

4,100 KG 9,040 Lb

3

C-Researcher 3 LH

1,700 M 5,570 Ft

10,500 KG 23,150 Lb

3

C-Researcher 5

300 M 1,000 Ft

8,600 KG 18,960 Lb

5
Learn about the C-Researcher series

NEXUS Series
NEXUS 7

200 M 650 Ft

11,000 KG 24,000 Lb

7

NEXUS 8

200 M 650 Ft

12,000 KG 26,000 Lb

9
Learn about the NEXUS Series

Cruise Sub series
Cruise Sub 5

500 M 1,640 Ft

8,500 KG 18,750 Lb

5

Cruise Sub 5

1,140 M 3,750 Ft

11,000 KG 24,250 Lb

5

Cruise Sub 5

1,700 M 5,570 Ft

16,000 KG 35,260 Lb

5

Cruise Sub 7

300 M 1,000 Ft

9,500 KG 20,940 Lb

7

Cruise Sub 7

1,140 M 3,740 Ft

14,500 KG 31,970 Lb

7

Cruise Sub 9

300 M 1,000 Ft

11,000 KG 24,250 Lb

9

Cruise Sub 11

200 M 650 Ft

13,300 KG 29,320 Lb

11
Learn about the Cruise Sub series

Super Yacht Sub
Super Yacht Sub 3

300 M 1,000 Ft

3,800 KG 8,380 Lb

3
Learn about the Super Yacht Sub

C-Explorer series
C-Explorer 3

300 M 1,000 Ft

6,010 KG 13,250 Lb

3

C-Explorer 5

200 M 650 Ft

7,340 KG 16,180 Lb

5
Learn about the C-Explorer series