Yacht Management Solutions

    

Our expertise and knowledge encompasses all aspects of Yacht Management, including the application and thorough understanding of formal codes for practice, rules and regulations, technical expertise, reliable administration, commercial awareness, and the more subjective factors of yachting.

 

Furthermore, our team is equipped with master mariners, engineers, purchasing staff, accountants and crew managers, all working together to provide the highest level of support and guidance to captains and owners. Through recommending management services specifically designed to suit each yacht’s intended operation, we can assure every client’s requirements are met. Among them:

 

Accounting:

  • Input on annual budgets and financial planning
  • Monthly fund requests based on known and expected expenditure
  • Generating receipts for funds and disbursements of all goods and services
  • Checking invoices and generating receipts prior to payment with captains (or owners if applicable)
  • Processing wire transfers or cheques for payment of invoices
  • Payment of crew salaries
  • Arranging for cash to be available to captains for on board expenditures
  • Checking credit card statements
  • Preparing monthly and quarterly statements, along with expenditure analysis
  • Preparing annual financial reports
  • Arranging charter APA’s for captains
  • Arranging the payment of yacht expenses through any of our offices worldwide, if required

Crew Division Support Services:

  • Assisting captains in crew placement
  • Verifying and renewing crew certificates of competency and licenses
  • Issuing captain’s and crew contracts
  • Assisting and liaising with the captain on employment disputes
  • Off-shore crew payroll
  • Establishing independent/offshore Crew Employment Facility upon owner’s request
  • General crew administration, support and repatriation
  • Handling of crew medical insurance and claims
  • Advising captains on MLC requirements

Administration & Insurance:

  • ISM & ISPS Support
  • Advising on any regulatory changes affecting the yacht’s operation
  • Arranging insurance cover for the yacht and crew
  • Administrating insurance policies and liaising with insurance brokers
  • Handling of claims relating to the yacht and crew
  • General support for captain and crew with customs, cruising permits, shipping, port agents, travel and local contacts

Technical Management:

  • New build supervision and control
  • Planning maintenance schedules with review of their effectiveness with periodic inspections
  • Appointing competent personnel to oversee the maintenance and efficiency of the vessel
  • Assisting on board engineering staff with shipyard specifications and trouble shooting
  • Visiting shipyards during routine dry docking
  • Liaising with Class and Flag State surveyors
  • Emergency Response Service (SERS)
  • Arranging the supply of necessary stores and spares, if required
  • Appointing surveyors and technical consultants, as necessary
  • Handling of all activities relating to Flag State compliance and Classification Society requirements
  • Advice on maintenance and renewal of vessel certificates, licences, classification status and Flag State requirements

Logistics and Purchasing:

  • Arranging bunkering and ships agents, on specific requests
  • Arranging payment for above services
  • Liaising with captains, obtaining quotes and arranging for the purchase and displacement of spares
  • Forwarding of crew and yacht mail

Yacht Registration:

  • Initial registration
  • Re-registration
  • Name changes
  • Ownership changes
  • Ownership Structure
  • Re-flagging