Once construction commences, Meyer Werft provides a 100% guarantee that the ship will be delivered and are backed by financing guarantees from KFW, Germany's development bank. Meyer Werft has an unbroken +227 year track-record of delivering vessels on-time.

In the extremely unlikely event that Meyer Werft does not deliver the ship (Meyer Werft has never failed to deliver a passenger ship in its 227-year history), ORD will receive a full refund of the contract payments made to that point, which are sufficient to refund at least 91% of the buyer’s deposits.

Yes, the escrow agent will be instructed to release deposits from the escrow account once construction of the ship begins. These escrow releases will be used to fund the continued development, design, sales, engineering, and construction of the vessel.

In the event that a buyer wishes to cancel their purchase contract prior to delivery of M/Y NJORD, ORD will use its best efforts to find a replacement buyer for the unit in a timely manner. Once a suitable replacement has been found and they have caught up on the requisiste deposit schedule, ORD shall instruct the escrow agent to release the buyer’s deposts back to the buyer’s bank, less [the 1% non-refundable application fee and if any exists, the negative difference in purchase price]. In the event that a suitable buyer is not found prior to delivery of the unit, buyer and ORD shall work together to find a suitable resale buyer for the unit.

With a combination of private and institutional investment capital as well as residence purchase contracts backed by refund guarantees.

Pre-construction detailed engineering commenced in 2022 with steel-cutting anticipated for 2023 and anticipated delivery in 2026.

The Njord Residents Association will have similar rights and responsibilities to those of a typical land-based homeowners’ association. The RA documents will be presented to buyers for review at the same time they receive their purchase contracts.

A democratically elected board made up of five resident owners. Each will serve a four-year term and typically, one of the five board memberships will become vacant each year, allowing for a fair rotation of owners wishing to serve on the board.

V.Ships, one of the world’s finest operators of superyachts and passenger ships in the world will operate Njord under the direction of ORD initially, and later transitioning to the RA after delivery.

Ownership on board the NJORD is via a 50-year use-rights through unit interests in the Njord Residents Association will have the right to renew the leasehold at the end of the 50-year term for a nominal amount. After the Yacht is delivered to the residents, the RA has the right to aquire ownership of the Njord for a nominal amount. Furthermore, the units are transferable and can be resold.

NJORD’s serviceable life is designed to exceed 50 years but it cannot be guaranteed that the yacht will meet all regulatory standards beyond a 50-year term without retrofitting. As NJORD’s public and private spaces are on a program of continual repair, maintenance and upgrades, it is expected that they will be in exceptional condition even after 50 years.

The residences will be supplied with fully fitted kitchens, bathrooms, utility rooms and terraces in one of several owner-selected design schemes. The living areas and the bedrooms are offered as white spaces where the resident owner will have the flexibility to design and furnish according to their own taste and requirements.

Yes, and if required, we offer a choice of a few select signature designers who have extensive experience in high-end interior and yacht design. Alternatively, residents can request their own interior designer for consideration however, fit out will be carried out by ORD approved contractors to ensure regulatory compliance and high standards are maintained.

While ORD does not offer financing, buyers are encouraged to discuss funding with their primary banking relationship in order to obtain the best financing terms to fit their specific needs.

The annual maintenance fee is projected to be approximately 4.5% of the purchase price of the residence and is payable on a quarterly basis.

The management of ORD will present a budget proposal to the RA for review and approval three to four months prior to the commencement of each fiscal year. A significant portion of the budget is for fixed costs, which are driven by itinerary, personnel, regulatory and general operational costs, while certain costs such as fuel are variable. The final budget is then presented by ORD and the RA to the residence owners during the annual general meeting. Fees are assigned on a quarterly basis and divided among the resident owners based on the residential area of sq m/sq ft owned. Food and beverage minimums are assessed based on projected occupancy.

Food and beverages are included by way of food and beverage minimums. These minimums are calculated based on projected occupancy. In the event that a residence owner exceeds this minimum, additional charges apply.

Yes, approximately 3% of the annual maintenance fee is reserved for any unforeseen emergency maintenance and/or general improvements to public areas and yacht maintenance that occur during dry dock every two to three years.

No, however it is recommended that owners secure additional insurance for the contents of their residences. Overall insurance will be in place for the yacht and its operation.

Yes, your family and friends are welcome to use your residences whether you are on board or not. In addition, there are separate guest suites, which you can rent for your guests if required.

Yes, you can sell any time after you have taken possession of your residence. The management of ORD will manage all resales.

M/Y NJORD will maintain a high level of privacy and security at all times. Consequently, there will be a limited guest-stay programme, in which owners can place their residence to allow potential new residents to experience the yacht in support of future resales. In addition, world-class lecturers and world-renowned leaders in science, politics, economics, culture etc., would benefit from available residences in the guest-stay programme.

Yes, we have dedicated butler suites, which can be rented as and when required to accommodate a private butler, nanny, nurse or other staff.

Generally, three opportunities exist for repair and maintenance:

Minor maintenance and repair with very little to no disturbance to fellow residents. This can be undertaken at any time either through the yacht’s onboard maintenance and engineering team or by way of sub-contractors being accommodated on board.

Soft refurbishments are organised once or twice a year during scheduled periods. These are strictly for refurbishments and upgrades with little to no disturbance to fellow residents.

Major refurbishments. These involve substantial changes to a residence and require construction and the use of heavy equipment and will occur once every two to three years as part of our mandatory dry dock. During these periods, the yacht will be out of commission for approximately two to three weeks. These periods are also used for regulatory inspections, major engine and equipment maintenance, refurbishments to public and crew areas.

M/Y NJORD will be equipped with the latest in identity recognition technology to monitor all persons and packages entering and leaving M/Y NJORD. There will also be a team of highly trained security personnel on board at all times. Whether residents leave their homes for a day, a week, or a month, they can simply lock their doors and go with complete peace of mind. There will be a safe in each residence in addition to safety deposit boxes in the front office. Professional security officers, state-of-the- art security systems, and strict visitor policies are designed to create a safe environment. Surveillance and detection equipment that will be able to detect any activity approaching the yacht be that in the air, on land or under the water. This includes aerial and underwater drone detection and jamming equipment.

In addition, the crew are trained to maintain the strictest health and safety protocols everywhere in the world. The yacht is always kept to the highest standards of cleanliness and sanitation and will be independently and frequently inspected by authorities.

The medical centre maintains stocks of a wide variety of essential medicines and medical staff are trained and equipped to administer vaccinations.

Yes, so much so, that all employees as well as project partners are required to sign strict non-disclosure agreements.

Whilst we are not able to control the situation onshore, the Company has a strict policy of not sharing the yacht’s itinerary publicly. We will also use sophisticated surveillance and detection equipment as preventative measures.

The crew are our most important resource and we will recruit, train and retain the very best in the industry. The hiring of personnel is a very thorough vetting process that focuses on safety and security background checks, validation of experience and education, as well as the use of psychometric testing tools to evaluate candidate strengths. Most important to our hiring is the culture of attracting positive, proactive, anticipatory and non-intrusive service-minded employees. This ensures that duties are carried out by passionate, loyal and empathetic employees with a high focus on privacy and attention to detail.

M/Y NJORD has a fully staffed and professionally equipped medical centre, which operates 24 hours a day, seven days a week, 365 days a year. In addition, we are able to evacuate easily in ports, or near ports, including by way of our onboard helicopter.

Medical, preventative wellness and spa services are all core amenities on board and central to the lifestyle offering. ORD have appointed Chenot the world’s leading health and wellness company to manage these facilities. As such we will be equipped with the most advanced medical testing, monitoring and diagnostic equipment including a telecommunication link. Some of the key services will be:

— Disease prevention and management

— Detox, cleanse and de-stress programmes

— Slimming, toning and weight-loss therapies

— Customised nutrition plans

— Cosmetic and beauty therapies

— Laser therapies

— Advanced custom DNA and stem cell rejuvenation therapies

— Tailored and customised fitness programmes

M/Y NJORD has been designed for global reach, from the Arctic to remote islands in the Pacific. Itineraries are developed through a collaborative process between Management, The BOD and through residents’ recommendations. Residents approve the final selected itinerary, by way of a vote based on a proportion of square footage owned. Itineraries are developed at least two to three years in advance, in order to secure availability in the best ports of call and at the right time of year. On average, the yacht spends at least three to seven days in a port of call. This length of time, allows residents and their families the opportunity to explore the regions visited, in a meaningful and immersive way. The yacht circumnavigates the globe every two to three years, visiting on average 40 – 60 countries and a minimum of 60 – 80 ports of call.

M/Y NJORD has state-of-the-art gym and fitness facilities containing the latest in physio and cardio equipment led by our fitness instructors and physiotherapists. Additional amenities include a running track, golf, paddle tennis, basketball, football, cricket, table tennis, billiards, darts, water sports, skiing, sailing, diving and swimming.

Many nations of the world will not allow pets to board and disembark from a ship while in port and there are certain countries that will not even allow pets on board a ship on entry into their national waters without subjecting them and possibly the ship to quarantine. For these reasons, ORD has decided on a no pet policy on board M/Y NJORD.

A range of designer boutique shops will be available. In addition, pop-up events featuring world-renowned brands and emerging talent provide residents with the opportunity to get up close and personal in a truly immersive setting.

The M/Y NJORD has a gourmet market, wine cellar and demonstration kitchen on board. Guests can also bring local delicacies on board from each port of call. Special requests are easily accomodated by the operations team onboard.

There will always be a wide range of entertainment on board such as music from a variety of local and international artists, local or resident-inspired theatre, themed parties, cultural events, religious events, national holiday celebrations and many more.

Yes, both children and teenagers are welcome on board and there are special facilities and bespoke activities designed for them.

Yes, based on demand, children and young people will be offered age-appropriate activities involving arts, crafts, sports, gaming, and participation in our education and lecture series. All entertainment will be administered by trained staff.

Unlike other residential ships, M/Y NJORD has been designed to meet the strictest environmental regulations both at delivery and for the future. The yacht will be powered by state-of-the-art dual fuel engines, with tank capacity for MGO, Methanl, and LNG, batteries for hybridisation, heat recovery and advanced power management systems. To ensure that all systems are future proof, the engines and fuel tanks will be ready for easy conversion to take advantage of new fuels with lower or neutral carbon footprint.

The onboard concierge will be available to arrange commercial and/or private aircraft travel to and from M/Y NJORD anywhere in the world. Whilst in port or at anchor, residents and their guests can get to and from M/Y NJORD in a variety of ways including by helicopter and various types of water transportation including the vessel tenders, ‘Riva-style’ limousine tenders and RIBs. We also have a partnership with VistaJet, which offers private aviation services.

In cooperation with oceanographic research organisations and other scientific groups, M/Y NJORD will encourage and host different genres of research projects including work to advance the frontiers of global marine research. Our onboard oceanic and atmospheric research facility will offer scientific and academic organisations the ability to collaborate with us to conduct specific research on board that will assist in a greater understanding of the complex systems that support our earth. M/Y NJORD will offer state-of-the-art operational, technological, and informational support to pioneering science and technology development projects at sea.

—  Observatory (gyroscopically stabilised)

—  Wet and dry laboratory with high-capacity cloud computing system

—  Two submarines

—  Subsea remotely operated vehicle

—  Zodiacs

—  Magnetometer and air and water sampling system

—  Autonomous subsea and aerial drones

—  Multi-beam echo sounders with HD 3D mapping