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Specializing in Aviation and Marine Insurance |
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The Pegasus Navigator
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November / December 2012
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Dear Valued Customer & Friends,
We would like to start off by saying we hope everyone has been doing great since the last time we sent you the Navigator. Thank You to the many people who told us how much they enjoyed our last issue.
We hope the recent Thanksgiving holiday went great for you and your family and
we hope the up coming christmas holidays also goes great for everyone.
For this issue, we are honored to have some great companies and people to write about.
If you have an announcement you want to make or a story you want to share please let us know and we would be happy to run it.
We hope you enjoy this issue and as always, we welcome your input.
The Staff at The Pegasus Group
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Classic Yacht of the Month
Built in 2009 according to the drawings by Nathaniel G Herreshoff of the magnificent original gaff-rigged schooner Elena built in 1910. She held the trans-Atlantic record in 1928. With the latest navigation and communication equipment, entertainment systems and air conditioning Elena is a true luxury charter yacht. She has five cabins: master, two doubles and two twin cabins. Eight crew.
In 1910 Morton Plant commissioned Elena to be designed by American naval architect Nathanael Herreshoff, the "Wizard of Bristol", who was famed for designing sailing yachts for America's elite. Plant gave a wonderful design brief: build me a schooner that can win!
Herreshoff gave Elena a slightly deeper keel than preceding designs of that time, lowering her centre of ballast, which improved her windward ability. Fresh out of the shed, Elena won most of her early races against the cream of the American schooner fleet. Seventeen years later came her crowning glory - victory in the 1928 Trans-Atlantic Race.
ELENA DINING ROOM
Whether dining on deck or in the dining room, sumptuous meals are created in the modern galley, equipped with every appliance and ingredient the yacht's chef and stewardesses need to prepare meals just as you wish.
ELENA STATEROOM
On the port side, at the foot of the main companionway, lies the owner's stateroom with a double berth, an office-sized desk, seating for two and a particularly spacious bathroom.
Each guest cabin is exquisitely finished with mahogany panelling, while all interior ornamental details follow the original Herreshoff designs. Numerous portholes provide natural light and keep you in visual communication with the conditions outside. The white panelled walls offset the mahogany beautifully and brighten the space below deck.
A further four staterooms accommodate guests in two doubles and two twins. Each one has ample hanging and cupboard space built-in, as well as its own privately controlled air conditioning system, iPod docking station, and an iPad preloaded with all the latest films and music. The en-suite bathrooms have separate showers and toilets and are finished with elegant period fittings.
To Charter Elena contact your local charter broker
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Term Charter Company of the Month
Safari Charters
St. Thomas, USVI
Safari Under Sail
Originally from Hacienda Heights, California. Teri McKenna was introduced to sailing by her dad when she was 14. After that first trip she knew one day she would have her own boat. She bought a Hobie Cat when she was 18 and started racing when she was 24. Over the years she has competed in many National & World Championships & most recently in the Women's Nationals in Rehoboth DE. Teri always loved the cruising lifestyle, and dared to think that some day she could own her own charter boat in the Caribbean.
In 2008 Teri caught that dream and after a long an extensive search for the right charter yacht she bought a 2008 Lagoon 440 Catamaran. Since then Teri has been with Safari from day one, sailing on her maiden voyage from France to the Virgin Islands where she started Safari Charters.
 
A place to relax or a place to dine
On Safari their focus is one boat, and one vacation... Yours!
Safari features four individually air conditioned queen staterooms, each with its own private head & shower. The design and décor is one of openness, featuring several distinct living areas for her guests relaxation and enjoyment. From the fly bridge helm with its 360 degree view, to the spacious air conditioned salon, bow seats & trampoline, or the large covered cockpit with mini bar & Icemaker, each guest will find a favorite spot to relax and enjoy.
On Safari you are free to choose the vacation that suits you. Whether you seek action and adventure, beachcombing and sunbathing, or shopping and sightseeing, no expense has been spared to deliver the vacation charter guests have been dreaming about.
  Large comfortable cabins each with an ocean view
 
Head up to the flybridge or Relax on the bow trampolines
Safari Crew
Captain Steven Ray & Erin Scott
Captain Stephen Ray
As a native of the Gulf Coast area, Captain Stephen Ray began his education in boating at an early age, enjoying sailing and fishing on a variety of boats. Deciding to pursue a career on the water, Stephen earned his 100 Ton Master Captains license in 2004. After delivering several yachts to the Caribbean, Stephen fell in love with the islands and made the decision to become a full time charter yacht Captain. Stephen enjoys racing and cruising aboard his own 30' sailboat in his spare time, and loves to teach others to sail whenever he has an opportunity. Stephen also enjoys diving, and has a Rescue Diver certification.
Chef Erin Scott
Erin Scott was born in Texas, but has spent most of her life living in the Virgin Islands. Before Erin started to work on boats, she spent ten years in the restaurant business. Taking a weekend job on a small day sailboat convinced Erin to become a charter yacht chef. In addition to her culinary skills, Erin also holds a Master Captains License. On her days off, Erin likes to take to the water, having explored much of St. John and neighboring cays, as well as the BVI, snorkeling, scuba diving, sailing and hiking. Erin also enjoys botany, and is well versed in the local flora and fauna.
Teri Mckenna with the Cat that start it all
When you hear the word Safari you think of an adventure.
This is one Cat and crew that will live up to that.
The Pegasus Group is honored to be insuring Safari Charters
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News
14 rescued after tall ship sinks off NC
Tall Ship HMS Bounty
ELIZABETH CITY, N.C.
- The final hours of the HMS Bounty were as dramatic as the Hollywood adventure films she starred in, with the crew abandoning ship in life rafts as their stately craft slowly went down in the immense waves churned up by Hurricane Sandy off the North Carolina coast.
By the time the first rescue helicopter arrived, all that was visible of the replica 18th-century sailing vessel was a strobe light atop the mighty ship's submerged masts. The roiling Atlantic Ocean had claimed the rest.
The Coast Guard rescued 14 crew members by helicopter Monday. Hours later, rescuers found one of the missing crew members, but she was unresponsive. And they were still searching for the captain.
The ship was originally built for the 1962 film "Mutiny on the Bounty" starring Marlon Brando, and it was featured in several other films over the years, including one of the "Pirates of the Caribbean" movies.
HURRICANE SANDY
STATEN ISLAND, NY, November 14, 2012 - The nation's largest group of boaters, Boat Owner's Association of The United States (BoatUS), estimates that over 65,000 recreational boats were damaged or lost as a result of Hurricane Sandy. BoatUS also estimates that dollar damage to all recreational boats (only) is $650 million, making the late October storm the single-largest industry loss since the Association began keeping track in 1966.
"We are all reeling from the huge impact this storm has had on communities and people's lives," said BoatUS AVP Public Affairs Scott Croft. "We've never seen anything like it. The scope of the damage to boats is unprecedented, affecting large areas from the Atlantic seaboard as far inland as the Great Lakes, with the majority of damage in New Jersey, New York and Connecticut. The combination of boats stored ashore at low elevations and record high surge levels caused hundreds, if not thousands, of boats to float away into neighborhoods, parks and marshes. The tri-state coastline left no place for the surge to go, but up. While some boats that stayed in the slips did fine, other boats tied to floating docks simply lifted off too-short pilings and floated away - still tied to the dock. Some vessels never made it out of their slip and rest on the bottom.
Estimates are coming in that 32,000 boats were damaged in NY, followed by New Jersey's 25,000, Connecticut's 2,500 and 6,000 remaining in various states. Dollar damage to recreational boats (only) in New York is estimated at $324 million, followed by $242 million in New Jersey and $23 million in Connecticut. Previously, in the 2005 storm season, Hurricane Wilma and Katrina damage was estimated at over $700 million combined.
Those are staggering numbers.
Congradulations to the VICL for once again putting on a very successful & fist class fall show.
Over 50 of the biggest clearinghouse names in the charter industry had representatives
at the show. Over 30 VICL yacht owners / members brought out some of the finest charter yachts in the Caribbean.
The show gives all involved a chance to renew relationships and create new ones and discuss what is going on in the charter yacht industry. The Pegasus Group wishes all the clearinghouses and charter yacht companies all the best for the up coming 2013.
STOLEN TENDERS
We continue to get calls from insureds reporting stolen tenders. No one likes a thief or having their property stolen. Lets not make a thief's job easy. Chain, chain, chain your tender. Keep in a spot where it can be seen. With tough times going on, the increase of all forms of theft are on the rise. Insurance companies that cover tender thefts make it a requirement that tenders have to be chained in order for theft to be covered.
Make the extra effort to protect your tender and the chances are in your favor it will not be stolen.
Tim and Angela Cordts of S/V Cruising Spirit recently advised us they just completed their final charter in the Caribbean. They are getting ready to come back to the East coast of the US for a while then they will be going back to the Mediterranean. The Mediterranean is where they met and they had always planned on going back one day to where it all started. We wish them all the best with the new direction they are heading.
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MARINA OF THE MONTH
JOLLY HARBOUR MARINA
ANTIGUA
Jolly Harbour Marina is a dedicated, flexible and affordable, full service marina catering for the serious sailor. They look after you upon arrival and your boat while you are away.
Benefit from their facilities which include:
- Safe haven with 24 hour security
- 140 sheltered serviced docks including free wifi
- Fuel dock
- Efficient working boatyard
- Secure long-term boat storage area
- Substantial insurance approved cradles for boats 50-75ft
- Close by International airport
- Excellent provisioning
- Shopping centre
- Variety of restaurants, cafes and bars
- Swimming pool, tennis and squash courts
- Golf course and gym
- Gorgeous beaches
Make Jolly Harbour Marina, Antigua your destination in the Caribbean
A safe haven for yachtsmen, full service marina and boatyard within a residential community with resort amenities and 24 hour security.
They are a full service marina with 140 new concrete berths and a storage capacity for 200 boats for long term, insurance approved, hurricane storage. A new dedicated cradle yard with capacity for over 20 boat has recently been added. The boat yard offers a concreted work area to facilitate engine maintenance and repair, yacht painting, carpentry and duty free fuelling services.
The international airport is just 30 minutes away and has direct flights to Europe, North America and all of the Caribbean Islands.
There is a dedicated Superyacht Dock that can accommodate 9 yachts up to 200 feet in length. We monitor VHF channel 68 seven days a week or call the Marina Office (268) 462 6041/2.
At Jolly Harbour Marina they welcome you to stay for a day, the season or for the rest of your life. Their staff are well known for their friendly and knowledgeable service.
Jolly Harbour Marina, Antigua - on a view
Jolly Harbour, Antigua, is located at 17˚ North. It's the place to be for constant sunshine, sea breezes and swaying palms - enjoying the Summer season year round! If you are lucky you may see the "green flash" at sunset as you sip your sundowner. Not sure what a "green flash" is? Ask our Dockmaster, William, once he has berthed you in the marina.
Situated on the sheltered Leeward side of the island, the approach to Jolly Harbour Marina is through gorgeous aquamarine water amidst beautiful bays and quiet sandy beaches - all of which are accessible and just a short boat ride away. We are only 20 minutes from the capital city of St John's and 30 minutes from V.C. Bird International Airport.
Jolly Harbour is very convenient for clearance, in and out by sea, as the Customs, Immigration and Port Authority services are adjacent to the super yacht dock.
Barbuda, the sister island to Antigua, is an easy day sail being only 25 miles to the North of Antigua. A visit to Jolly Harbour before sailing there is a good idea as although you will be stunned by the 9 mile long, pink coral beach you will not easily find a supermarket there. While in Barbuda enjoy a visit to the Frigate bird colony and the highlands on the dramatic Windward coast. Another tip, fill up your watertanks before leaving Jolly Harbour.
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Knowing your Islands
Antigua
Antigua
Where is Antigua?
Antigua is located in the Caribbean region. It is an island in Leeward Islands of the West Indies. It is the main island of Antigua and Barbuda.
How did Antigua get its name?
Antigua is a Spanish word which means ancient. Christopher Columbus named it after an icon in Seville Cathedral, Santa Maria de la Antigua. Another name for Antigua is Waladli.
How big is Antigua?
Antigua covers an area of 108.5 square miles, and as of July 2009, had an estimated population of 85,632. Its geographic coordinates are 17 05N, 61 48W. It has 54.1 miles long coastline.
What is the currency of Antigua?
East Caribbean dollar is the currency of Antigua. Its ISO 4217 code is XCD. It is subdivided into 100 cents and since 1976 has been pegged to the United States dollar. The exchange rate is US$ 1= EC$ 2.70. The currency is issued by the Eastern Caribbean Central Bank.
Which is the largest city of Antigua?
St. John's is the largest city of Antigua. Its geographic coordinates are 17 07N, 61 51W. It is the most important port of the island, and has an estimated population of 24,226. The city was colonized in 1632. It covers an area of four square miles.
What is the official language of Antigua?
English is the official language of Antigua and Barbuda. Antiguan Creole is widely spoken by the people of Antigua. The accent of Antiguan is different from that of Barbudan. The educational system in the country discourages the use of Antiguan Creole.
What is the religion of Antigua?
Approximately, 74% of the population are Christians. Rastafari Movement, Islam, Judaism, and the Bahai faith are the non-Christian religions practiced in the country.
What is the literacy rate of Antigua?
Education in the country is compulsory till the age of twelve years. In 2001, literacy rate for men was 90%, while it was 87% for women.
Who is the political leader of Antigua?
Louise Lake-Tack is the current Governor-General of Antigua and Barbuda. He assumed office on July 17, 2007. Since 2004, Baldwin Spencer has been the Prime Minister of the country.
When is the National Day of Antigua celebrated?
The national day of Antigua and Barbuda is celebrated on November 1. On this day in 1981, Antigua became an independent state within the Commonwealth Realm system. Queen Elizabeth II became the first queen of the nation and Vere Cornwall Bird became the first Prime Minister.
What is the economy of Antigua like?
The economy of Antigua is predominantly dependent upon tourism. It is a service-based economy. In 2008, the GDP and the GDP per capita income of the country were $1.61 billion and $19,000 respectively. Unemployment rate stands at 11%. Services sector accounts for 76.8% of the GDP, followed by industry: 19.2%, and agriculture: 3.9%. Major industries are tourism, construction, transportation, communications, financial services, and manufacturing. Major trading partners are Spain, Germany, Poland, Italy, Singapore, UK, and China.
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Grab Bag
For what is your life? It is even a vapor that appeareth for a little time, and then vanishes away (James 4:14).
The Beatles & Mohammad Ali
Jerry Lee Lewis Carl Perkins Elvis Presley Johnny Cash
Henry Ford Thomas Edison Warren Harding Harvey Firestone
Steve Jobs and Bill Gates
After Hostess Brands announced it's going out of business following a labor dispute, panicked consumers have rushed to stores to stock up on their favorite heart-clogging treats:
While it will be possible to buy Hostess treats from stores for "a few more days" until already baked products run out, the inevitable -- and wildly inflated -- "black market" of Hostess products has already reared its costly head on the Interwebs in preparation for the impending Twinkie-pocalypse.
One eBay seller is auctioning off a full box of Twinkies at a starting (and staggering) price of $200,000 (shipping included):
"This is your opportunity to own a piece of history, a delicious piece at that," wrote the seller, who apparently lives in Raleigh, N.C., in the auction description.
Holiday Spirit
 
 
Leadership
The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time. - Henry Ford
 A couple of pretty cool clips worth viewing
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Funny Boat Accidents
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Schools In
Insurance is a must for boat owners and equally important is knowing how it works. In this section we try and give you a better understanding of how your marine insurance policy works.
Operators Covered:
Question:
Can anyone operate my boat or are their restrictions?
Answer:
Most policies are written on a named operator basis. It is extremely important that you know who is covered to operate your boat. Most people assume once they pay their premium anyone they want to let operate their boat is covered.
The next thing you need is to let someone operate your boat and have an accident occur and then find out the operator was not approved and therefore the claim is denied.
If you are not sure who is covered to operate your boat check with your agent to make sure you know who can operate it.
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Safety Net
 In each issue we have a Column dedicated to the issue of safety. Accidents are going to happen that is just a fact of life. Being in our position, we get to see a lot of accidents and why they occur. It is our belief that a majority of accidents can be prevented. Lack of planning, complacency and lack of experience are the leading causes of accidents. If you have a safety tip or an experience that you would like to be published we would love to have you send it to us. This is certainly an area where sharing will be beneficial to all who read our newsletter.
About Fuel & your Boat
How much do you need? How much fuel you need to carry depends on the design of your boat and the intended use. In a sailing vessel, for instance, a 50 gallon tank of diesel feeding a 25 hp auxiliary engine cursing at 80 percent of top speed could propel a 33 foot sailboat 300 miles at 7 knots in calm weather. That same amount of fuel would take a twin engine 40 foot sportfisher only about 33 miles at 40 knots. This boat would need 450 gallons to cover 300 miles at that speed. Planing hulls need much more power than displacement hulls and use more fuel per mile. However their ability to carry fuel is limited because their planing ability is affected by weight. Many naval architects build in as little tankage as possible taking into consideration the design of the boat, reasonable usage and the distance between refueling stops in and around its normal area of operation. How much does it weigh? Gasoline weighs about 6.1 pounds per gallon. Diesel weights about 7.1 pounds per gallon. Both gasoline and diesel engines use about 0.6 pound of fuel per horsepower per hour. On average, diesel fuel contains about 140,000 BTUs per gallon or 10 percent more energy than the same volume of gasoline. Where does it go when it is consumed? Your engine uses the fuel you purchase in several ways. - 35 percent is given up to the atmosphere in heat
- 25 percent is given up in heat and vibration absorbed by surrounding water
- 10 percent is given up to overcome wave resistance
- 6 percent to overcome wave formation and prop wash against the hull
- 7 percent to overcome skin friction
- 2 percent is wasted in friction at the propeller shaft
- 1 percent to overcome air resistance
This leaves about 13-14 percent of the original energy to turn the propeller. How much do gasoline and diesel engines consume? Diesel engines consume about 1 gallon per hour for every 18 hp used. You can estimate the number of gallons consumed per hour by multiplying horsepower used by 0.055. Note: An engine at cruising speed usually uses only about two-thirds of its maximum available horsepower. Most marine engines are designed to run continuously at between 60 and 75 percent of maximum speed. Diesels tend to be more toward the top of the range. Gasoline four stroke inboard engines need about 1 gallon per hour for every 10 hp used. The number of gallons consumed per hour can be estimated by multiplying horsepower used by 0.100. (see note above) Outboards might use considerably more since two stroke motors seem to have a greater thirst than four stroke motors. What about fuel economy? Any attempt to force a displacement hull beyond its maximum theoretical hull speed brings exponentially higher fuel consumption for minimal gain in speed. On the other hand, slowing down a little almost always is rewarded by gains in economy, and thus range. This same principle applies to high-speed planing hulls as well but only up to the point at which they start to come off plane. Once off plane they tend to lose efficiency. How about fuel reserves? Use the old rule of thumb; Use one-third of the fuel in your tank to get there, one-third to get back and save the last third as an emergency backup.
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The Pegasus Group
The Pegasus Group is a privately owned company that specializes in writing aviation and marine insurance on a worldwide basis. Our primary goals are to provide our customers with the best possible service and to tailor their coverage to meet their individual needs. It is our priority that we place your insurance with companies that will provide prompt and professional claim service, while also offering attractive rates. We have built lasting relationships of reliability and trust with our customers and will continue to maintain the highest level of personalized service that our clients have come to depend on. We welcome the opportunity of handling your aviation or marine insurance needs.
Each of us who work at The Pegasus Group owe our lively hood to the customers who support us and buy our products and that is something we never forget.
The Pegasus Group
1822-O Sunset Point Rd.
Clearwater, Florida 33765
336-280-4312/ 336-233-4300
uis812@aol.com
Unitl our next issue
Smooth Sailing
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