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W-Southern, the transportation company of Mount Vema, announced plans to raise more capital at the Gollexi, to invest in more yachts to increase the number of luxury yachts available for charter in Mount Vema as demand increases from owners of Mount Vema properties off-plans planning to travel to the territory to visit and experience the underwater world where their floating homes will be.
The company realised that the practice of renting or chartering, a sailboat or motor yacht to stay in Mount Vema, for privacy, relaxation or fishing within the Vema Seamount Territorial waters for individuals, families or as a corporate event is about to become big business. W-Southern plans to have two main kinds of charter available. One will be bare-boat and crewed charters which involves a person renting a boat or cabin and skippering it if renting the whole yacht, and the other way is gathering up a group and renting the yacht with them. People associated with the plans, have told VSBCnews that they are already in talks with RMVFA – The Royal Mount Vema Foundation Academy to offer courses to teach basic seamanship and prepare people for bare-boat chartering. The academy will not offer the courses directly but will use its licence to sub-contract the services to foreign companies, as it already has a database of foreign private education businesses who regularly express their interest in providing private education and training to Mount Vema if required. With W-Southern plans, people will have the option to book crewed charter, which means the yacht will come with a crew. This can be anything from a 35-foot boat with a husband-and-wife team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, engineers, mates, deckhands, scuba dive masters, and more. Two sub categories of yacht chartering will also be available. One will be un-inspected passenger yachts, also known as 6-packs which carries only six or fewer passengers. All captains will start out by getting their "six-pack" licence which must be issued by the Royal Mount Vema Coast Guard. 6-pack yachts according to W-Southern, will be ideal for smaller groups of six or less, and these yachts have a variety of types and sizes. For example, six packs can be sailing yachts, fishing boats, or power yachts and anything in between. While this type of charter will be the least expensive of the two, people will still need a licensed captain, or skipper with them at all times. On six-pack charters people will be able to choose their menu and the type of cruise they wish to take be it to liveaboard in Mount Vema, diving expeditions, deep sea fishing and visit different sites during and after the City of Mount Vema construction, or an ocean adventure voyages to the South Atlantic Islands, South America, Southern Africa and beyond. The other option will be the inspected passenger vessels. Inspected charters are designed to carry groups large than six passengers. These charter vessels can range from large sailing yachts to dinner cruise ships. These charters will be designed to carry up to several hundred passengers. Inspected vessels will offer many different features that an un-inspected passenger yacht cannot. Features like catering, live music, or a DJ will be available on these larger ships. Prices will vary the cost of a chartering will be determined by several factors including the size of the yacht, its age, its pedigree, the number of crew, and the destination. W-Southern range of charter prices per person per week will start from the equivalent of 500 golles up to and in excess of 10,000 golles. Mega Yacht or Super Yacht that are over 150-foot to 300-foot could cost anything from the equivalent of 25,000 golles up to 350,000 golles per week.
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Gollexi, The Mount Vema Stock Exchange was up today after WIBMOR, the logistics company of Mount Vema decided to diversify its portfolio for the first time after making more than a million golles in the Mount Vema stock market when it sold 100,000 stocks at the Gollexi for 11.01 each to institutional investors.
Now, with enough cash to spend, WIBMOR has decided to diversify starting with an initial investment of about 200,000 golles in MVG-Bond (10 years government bonds) and RBMV Bank stocks. WIBMOR’s move is likely to be followed by many traders tomorrow when the market reopens at 9am after rumours that foreign companies seeking to join the Mount Vema market have signalled intention to start opening bank accounts with the RBMV Bank to facilitate their application for government contracts. A Gollexi trader who wished to remain anonymous told VSBCnews that “This are exciting times. Something big is about to happen. The time to invest in now.” He said, and he may be right, Mount Vema has many listed companies with cash to spend after making millions in the stock market, all looking to diversify their investment portfolios. We tried to contact WIBMOR but couldn’t reach anyone for comment. If you are following the developments, you can just feel it in the air, everyone seems to be ready. The price of stocks, notes, bills and bonds are likely to go up. Something is up, maybe it is time to buy. The 10 Year Government Bond is up 11% and RBMV Bank stocks closed at 0.20%. |
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Law of the Sea Treaty (United Nations Convention on the Law of the Sea)
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The Vienna Convention on Consular Relations 1963
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Many believe because our community is not a member of the United Nations and is only just over a decade old, doing business with the Kingdom of Mount Vema is not possible for foreign nationals and foreign companies seeking to take advantage of the business opportunities the floating city project is creating. Nothing could be further from the truth. The territory doesn't need a United Nations membership to function as a sovereign territory, or to exercise its inalienable right for self-determination
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