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Yacht Management is a professional service that handles the entire spectrum of a yacht's operations on behalf of the owner. A management company acts as the owner's trusted representative, ensuring the vessel is operated, maintained, and administered to the highest possible standards, whether it's for private enjoyment, for charter,


Benefits of Using a Yacht Management Company


  • Peace of Mind: The owner is freed from the complex and time-consuming responsibilities of yacht ownership.
  • Cost Efficiency: While a management company charges a fee, they often save the owner money through negotiated discounts on insurance, fuel, parts, and shipyard work. A strict budget prevents financial overruns.
  • Enhanced Safety & Reduced Liability: Ensures the yacht is fully compliant with complex international maritime law, protecting the owner from legal and financial liability.
  • Asset Value Protection: A yacht with a complete, professionally managed service history will maintain a higher resale value.
  • Time Savings: The owner's most valuable asset—time—is preserved for enjoying the yacht.

In essence, professional yacht management transforms the complex business of owning a yacht into the pure pleasure it is meant to be.

Financial Management & Administration


This is the cornerstone of transparent ownership. It ensures the yacht is run like an efficient business.

  • Budgeting: Creation of a detailed annual operating budget, covering everything from crew salaries and fuel to maintenance and insurance.
  • Accounting: Meticulous tracking of all expenditures. The management company handles invoices, payments, and provides regular, transparent financial reports to the owner.
  • Payroll: Managing crew salaries, taxes, and social security contributions in compliance with maritime labour laws.
  • Cash Management: Handling onboard cash and credit card accounts used for daily expenses.
  • Advanced Provisioning Allowance (APA): For charter yachts, the company manages the charterer's APA funds, which cover variable expenses like fuel, food, and port fees.

Crew Management


The crew is the heart of the yachting experience. Professional management ensures a high-performing, happy, and compliant team.

  • Recruitment & Vetting: Sourcing, interviewing, and conducting background checks on qualified and experienced crew members.
  • Certification & Documentation: Ensuring all crew hold the necessary, valid licenses and certificates (e.g., STCW, ENG1 Medical).
  • Contracts & Employment: Issuing Maritime Labour Convention (MLC) compliant Seafarer Employment Agreements (SEAs).
  • Training & Development: Arranging for ongoing crew training to maintain and improve skills.
  • HR Support: Managing crew rotation, leave, appraisals, and any disciplinary issues.


 

Charter & Guest Services Management

This is the revenue-generating and hospitality-focused part of the operation.

  • Marketing & Broker Relations: Promoting the fleet to charter brokers worldwide, attending boat shows, and creating high-quality marketing materials.
  • Booking & Contract Management: Handling inquiries, negotiating charter agreements (often using standard contracts like the MYBA agreement), and managing the booking calendar for the entire fleet.
  • Guest Experience Personalization: Using detailed preference sheets to customize every charter to the guests' specific tastes in food, wine, activities, and itinerary.
  • Concierge Services: Arranging shoreside activities, restaurant reservations, and private transport for guests.