Mooring Fees

16 July 2010

Dear Customer,

As you are aware all mooring agreements terminate on 31^st August 2010 and a new agreement effective 1 September 2010 must be entered into with us should you wish to maintain a berth at Mercia Marina.

Our long term mooring rates have remained unchanged since we opened in September 2008. However, our costs have risen during that time as costs have generally in the economy with inflation. Therefore, our mooring rates will increase by 2.5% with effect from 1 September 2010. Despite this increase our prices remain very competitive. The Service Charge remains unchanged and electricity costs will be coming down at the start of September 2010.

Notices will be sent over the next few days detailing the mooring fees applicable to your boat. The notice will also enquire whether you wish to pay annually in advance, quarterly or monthly. Quarterly and monthly surcharges remain unchanged at 4% and 10% respectively. The wide beam surcharge also remains unchanged. Kindly check the details given on the notice, indicate your preferred payment terms and return the notice to us by 30 July 2010. Copies of your notice are also available from the Marina Office.

The Government has stated it will be increasing VAT rates to 20% from the current 17.5% with effect from 4 January 2011. The fees given in the notice incorporate the increased VAT from the date at which your next payment is due after 4/1/11. Those boaters paying monthly or quarterly will need to pay the increased VAT on payments falling due after 4/1/11. Those boaters paying in advance will not have to pay the increased VAT for this coming mooring year.

If you have any questions, please do not hesitate to contact us.