Benefits
Opportunities
Expedition Costs
Download Sponsor Portfolio (PDF)
Sir Ranulph Fiennes
|
Expedition Costs
The following paragraphs attempt to give a general understanding of the costs involved in mounting a
polar expedition. It is not intended that these form a binding description of costs that will be
incurred, and is not intended to be all encompassing. Costs are extremely variable given that
sponsorship is being negotiated, but we hope that these will give an 'order of magnitude'
understanding of the situation. From this you can base your level of financial commitment to the
expedition at a level you feel is appropriate. It should be borne in mind that the primary aim of
the expedition is to raise monies for charity, so every effort will be made to minimise outlay at
all times. This is the main objective in procurement for the expedition.
Costs of Equipment
It is hoped that individual manufacturers choosing to sponsor the
expedition will meet a significant proportion of equipment costs. However, it is important to realise
that many of the firms manufacturing such specialised equipment will not have the profits or turnover
to justify the level of outlay this would entail, so paying for a significant proportion of the equipment
is unfortunately inevitable.
Rab Carrington have already agreed to provide us with expedition status, meaning that we can get
specialised polar clothing and sleeping bags at roughly cost price (exact prices are confidential).
Suppliers in the local area have also indicated that they would be willing to supply goods at retail
cost price, but the team hopes to initially approach manufacturers directly as this will obviously
provide the maximum opportunity for cost savings. It is likely that the cost of personal equipment
for use in Antarctica will be in the order of £5,000 - 10,000 per person including the cost of group equipment.
Costs of Training
Training will incur minimum costs other than travel and
accommodation. It is intended that the team will simulate Antarctic conditions by training in Norway
and Scotland. This will mean that equipment can be tested and experience gained in the run up to the
expedition. It is hoped that one of the Gold Sponsors will be an airline as this would drastically
reduce the costs of this segment of the expedition. If this does not prove to be possible, it is
thought that a week for the team in Norway with professional training could be achieved for around
£1,500 - £2,000 including accommodation. Obviously these costs could be reduced considerably as
more equipment becomes available. As camping becomes possible, accommodation costs would be reduced
or eliminated. This would become realistic towards the end of this winter and during the whole of next
winter. We are seeking professional advice to assist us in these matters. At that point we will be able to
give more exact costs for training activities. Jenex Skis have already agreed to sponsor us by providing
four pairs of their training skis for use in training in the UK.
Costs related to Adventure Network International
The biggest single cost to the expedition by some margin is
likely to be attributed to Adventure Network International. ANI hold the only commercial licence to
operate flights within the Antarctic. The cost is likely to be in the region of £30,000 per head.
In addition, ANI also reserve the right to charge extra for any weather related delays incurred, which
in the Antarctic environment are almost inevitable. These costs are going to be an ongoing issue, but
it is hoped that the fact that we are a charity expedition will give strength to our negotiating
position.
Costs of Insurance
Insurance costs are fixed by the company at roughly fifteen
percent of the sum insured. Given the costs of equipment and rescue, the total costs of insuring the
expedition is likely to be in the region of £60,000. As with the travel costs, it is hoped that
an insurance company will be persuaded to join the team as a major sponsor in order to offset these
costs. At the time of this site revision, we are also investigating a possible source of insurance
that would reduce these costs to approximately £1700. This cannot yet be confirmed.
|