Timeline and Transparency

Effective Date: February 1, 2025 

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At Fabled Voyages, we value honesty and transparency. 

This page is dedicated to being Transparent on how any funds are managed by Fabled Voyages.

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Deposit:

• Funds will be kept in an escrow account for security.

• This is payment is to signal to us you are serious about joining the community as an Resident Owner.

• This is only applicable to the Founders of the ship. (Original Purchasers)

• This is 100% refundable for the first 30 days, and then 90% thereafter up to 90 days before purchase/repair or embarkation.

• 10% of this Deposit will be used for administration, advertising, legal, and operational expenses after the 31st day. 

• This will be due upon Contract/Agreement implementation date.

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​Down Payment:

• Funds will be kept in an escrow account for security.

• This is a payment that is the largest payment and will be used to purchase/begin the repairs on the ship​.

• This will be called when full funding has been secured and will be payable within a 30 day payment window.

• This is only refundable in accordance with the Buy Back Policy. 

• This will be 50% of the initial cost post Ship Purchase and due upon Contract/Agreement implementation date.

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Final Payment:

• Funds will be kept in an escrow account for security.

• This is the final payment, and will be used to finish paying for repairs on the ship.

• This payment will be called 60 days from the Down Payment date, with a 30 day payment window. 

• This can be paid together with the down payment by Founders.

• This is only refundable in accordance with the Buy Back Policy. 

• This will be the final 50% of the initial cost post Ship Purchase and due 120 days before boarding date, unless otherwise agreed upon.

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Operational Funding/Monthly Fees:

• This money will be any existing funding remaining from the above payment rounds.​​

• This will be inclusive of Monthly Fees.

• These funds will go towards the cost of food/beverage, operation, maintenance, insurance, salaries, other expenses/bills, and ongoing/emergency repairs of the ship and company.

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Maintenance Funds:

• Funds will be kept in an escrow account for security.

• A Maintenance escrow account will be set up and have an approximate $50,000.00 - 250,000.00USD/month added to the account based on  budgeting and ongoing maintenance/repair needs of the vessel to go towards dry-docking/ship overhauls.​​

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Amendments

This page may be updated periodically to reflect changes in our practices, technology, or legal requirements. We will post any modifications on this page and encourage you to review it regularly to stay informed. 

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Contacting Us 

For any inquiries, concerns, or requests regarding this Funds Transparency page, please contact us at: 

Fabled Voyages - https://www.fabledvoyages.com

Email: admin@fabledvoyages.com 

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Your trust is invaluable to us.  We are dedicated to maintaining the utmost trust, honesty, and transparency.