What is Yacht Management? And What does a Yacht Manager do?
Are two questions that we are frequently asked – here is a brief explanation:
Yacht management is a service that provides owners of yachts with a range of support services, including:
- Crew management
- Technical support
- Financial management
- Safety and security
- Compliance
- Chartering
- Refit management
- Documentation
- Legal services
Yacht management companies typically have a team of experts who can handle all aspects of yacht ownership, freeing up the owner to enjoy their yacht without having to worry about the day-to-day details.Some of the benefits of using a yacht management company include:
- Cost savings: Yacht management companies can often negotiate better rates for services such as crew, fuel, and maintenance.
- Peace of mind: Yacht management companies have the expertise and experience to ensure that your yacht is properly maintained and operated.
- Time savings: Yacht management companies can take care of all the paperwork and logistical details, freeing up your time to enjoy your yacht.
If you are considering buying a yacht, or if you already own a yacht and are looking for a way to reduce your workload, then yacht management may be a good option for you.Here are some of the most common tasks that yacht management companies handle:
- Crew management: Yacht management companies will recruit, hire, and train the crew for your yacht. They will also handle the crew’s salaries, benefits, and travel arrangements.
- Technical support: Yacht management companies will provide technical support for your yacht, including maintenance, repairs, and refits. They will also keep your yacht’s paperwork up-to-date and ensure that it is compliant with all relevant regulations.
- Financial management: Yacht management companies will handle the financial aspects of yacht ownership, including budgeting, accounting, and tax preparation.
- Safety and security: Yacht management companies will ensure that your yacht is safe and secure. They will conduct safety inspections, install security systems, and provide training for the crew.
- Chartering: Yacht management companies can charter your yacht out when you are not using it. This can be a great way to offset the costs of ownership.
- Refit management: Yacht management companies can coordinate and manage refits for your yacht. This can be a complex and time-consuming process, so it is helpful to have a team of experts who can handle it for you.
The specific services that a yacht management company provides will vary depending on the company and the needs of the owner. If you are looking for an authentic service then we would be pleaseded to talk to you. There is a lot to consider, we are learning all the time ourselves from experience and our experiences are unique to us.