The Jules Verne Trophy is a prize for the fastest circumnavigation of the world by any type of yacht with no restrictions on the size of the crew provided the vessel has registered with the organization and paid an entry fee. A vessel holding the Jules Verne trophy will not necessarily hold the absolute round the world record. The trophy was first awarded to the first yacht which sailed around the world in less than 80 days. The name of the award is a reference to the Jules Verne novel Around the World in Eighty Days in which Phileas Fogg traverses the planet (albeit by railroad and steamboat) in 80 days. The current holder is IDEC Sport skippered by Francis Joyon in 40 days 23 hours 30 minutes 30 seconds.
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