Updated

Lovers of the big blue sea, prepare yourselves -- because super-huge yachts are so 2010.

Britain's Ministry of Defense (MoD) has put the Royal Navy's former flagship aircraft carrier, the HMS Ark Royal, up for sale on an official used equipment website, eDisposals. Indeed, ruling the waves just took on a whole new meaning.

Individuals and organizations interested in purchasing this historic stalwart of the Royal Navy -- which was launched by Queen Elizabeth in 1981 -- have to submit their proposals for the ship to the MoD for approval.

"We need to be assured of the viability of the person or organization ... including how they intend to store, maintain and dispose of the ship before the sale can be agreed," DE&S spokesman Tim Foreman told Reuters Monday.

Proposals for the aircraft carrier -- which travelled 621,551 nautical miles over the course of its career -- include mooring it in London for use as a helipad.

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Interested parties have until June 13 to submit their bids and the ship will be handed over to its new owner by the end of the year.