- Allmarks conceptualised Riverboat "Jubilee" and contracted Ocean Innovations, a leading marine engineering
company to design Riverboat "Jubilee" to NSW Waterway Survey Standards (AS 4132 pts I & II).
- Riverboat "Jubilee" is being constructed in Gosford, NSW by Mark McAllan trading as Allmarks. Launch date was November 2007.
- Allmarks will market and sell Riverboat "Jubilee" holiday week shares, which have been divided on a seasonal
basis (Summer, Winter, Spring & Autumn) with special weeks for the school holidays in each season.
Unsold shares will remain the property of Allmarks until sold.
- Riverboat Pty Ltd will be the manager of Riverboat "Jubilee". After 10 years Riverboat will be sold.
The full sale value will be split among the share-owners in proportion to their share ownership
value.
- 4 maintenance weeks per year will be set aside for
maintenance and upkeep. However if Riverboat "Jubilee" is damaged and
un-seaworthy then immediate repairs will commence and
the share-owner whose week is cancelled will need to choose another week
from the 4 maintenance weeks as a replacement for their lost week.
- A yearly levy, which will allow Riverboat Pty Ltd to maintain Riverboat "Jubilee" in perfect condition, will be
charged to each shareowner regardless of share type.
The levy will allow for:
- All legal requirements - these include:
- Waterways Boat Registration
- Public risk insurance and Comprehensive Insurance cover
- The maintenance and upkeep of Riverboat "Jubilee"
- Replacement of safety equipment in accordance with NSW law
- Dry docking as required for anti-fouling/painting
- Replacement of broken or damaged boat inventory - cutlery, bedding, entertainment equipment, etc.
- Any excess funds will be held over for the next year's maintenance.
Any unused levies will be divided equally among the owners upon the sale of Riverboat "Jubilee"
- Maintenance of plant and equipment
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