By Yasmine EDDAM
17 April 2025
``html Sharing ownership of a boat, whether it's a sailboat for leisure, a trawler for fishing or even a commercial vessel, is a solution that appeals to many people. It's a way of pooling acquisition and maintenance costs, and sharing a passion or an economic activity. However, this shared ownership is not simply joint ownership, as is the case for a holiday home. French maritime law provides for a specific and fairly complex system: co-ownership of ships, where the shares are called "quirats". Whether you are planning to invest in a vessel as a group, are already a co-owner ("quirate"), or even a potential creditor (supplier, bank, etc.), it is essential to understand the main principles governing this form of ownership and operation. How is co-ownership created? Who makes the decisions? Who is responsible for debts? How does it end?
EN 
FR