SharedYachts.com introduced two new concepts in boating: fractional ownership and fractional leasing. Their Fractional Ownership & Leasing Program offers the opportunity to purchase or lease equity in a yacht in 1/12th share increments. Each share guarantees the client 28 days of use of the yacht each year. SharedYachts.com provides complete management services. Fractional owners also have the option to lease back unused time to generate income.