Yacht Management Services
Yacht Management: The Key to a Seamless Yacht Ownership
Yachting; the combination of comfort, style, and adventure. Whether you're looking to explore new horizons, host memorable events, or simply create a safe and relaxed environment to unwind, a yacht can provide the perfect environment. However, owning and operating a yacht requires experience, resources, and knowledge. That's where we come in.
Yacht management is the process of overseeing all aspects of yacht ownership, from maintenance and repair to crew management and financial planning. The goal of yacht management is to ensure that your yacht is well-maintained, safe, and ready to go when you are. With the right yacht management team, you can enjoy the benefits of yacht ownership without the stress and hassle of day-to-day operations.
With efficiency and discretion, we ensure that your asset is professionally maintained and you as the owner are legally compliant.
The Benefits of Yacht Management
Peace of Mind: When you entrust your vessel to our professional management team, you can relax and enjoy the experience, with the reassurance that the details are being taken care of. You will have an efficiently run vessel and a capable & efficient crew.
Expertise: We have the expertise and experience to handle all aspects of yacht operations; from maintenance and repairs to compliance with regulations and safety standards.
Cost Savings: Our yacht management team can help you save money by negotiating better prices on supplies and services, as well as by reducing downtime and maintenance costs. We also represent your interests to shipyards, brokers, and other service providers and our experienced team will vet and negotiate contracts to secure the best possible outcome for our clients.
Increased Yacht Value: By maintaining your yacht to the highest standards, you can increase its value or maintain its value. A serious maintenance schedule also helps towards reducing vessel down-time, and as an employer proof of maintenance over the life of the vessel will increase re-sell value and demonstrate due diligence in the case of an incident.
Access to a Network of Resources: We have access to a network of suppliers and service providers that we work with on a regular basis. This close relationship allows for savings in efficiency and we get preferred rates that we pass on to the customer.
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Crew Employment
Crew employment is an area where we have various solutions for the yacht owner, depending on vessel ownership and use. All our solutions offer great advantages and ensure a seamless owner-crew dynamic.
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Payroll
We have a great partnership with a Top Tier International law and Tax firm which allows us to offer payroll services from Malta, U.K, Cyprus and UAE at excellent prices. We ensure that all your employment tax obligations are taken care of giving you peace of mind to enjoy your boat.
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Accounting and payments
Our experience in yacht operations and accounting allows us to accurately predict expenditure and put tools in place to allow masters and crew to spend on approved costs whilst verifying each transaction to make sure that the money was spent wisely and in an approved manner. We will provide a full financial report and reckoning at the end of each month with an in-depth explanation of what was spent and for what purpose.
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Cash and Bank Accounts
We can set up a bank account in Malta, Cyprus, UK, or UAE in any major currency for the purpose of administrating the yacht and day to day expenses. We provide the captain and head of departments with debit cards to allow necessary spending, whilst verifying each transaction. Through our global network of fully licenced partners, we can also offer a fiduciary service to get cash to the yacht wherever it is in the world.
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Compliance and Legal Obligations
As a yacht owner, your legal obligations are not always clear, and the cost of not being fully compliant with relevant legislation could be devastating. Without knowing it, you could be leaving yourself open to potential 3rd party lawsuits, employee litigation or even state prosecution.
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Logistics
Through our global network of freight forwarders, shipping companies and aircraft charter companies we can guarantee to deliver spare parts, supplies, or people to the boat, wherever it is, in a timely manner. With Shearwater Yachting as your management company, the world is your oyster.
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Technical Support
As well as being a yacht management company we are also a yacht refit company. Our in-house expertise is second to none when it comes to technical support. Each yacht we manage is allocated a technical manager who will work closely with your captain or engineer to make sure that your yacht has all that it needs when it comes to maintenance or repairs.
Yacht Management Subscription
It is not just the owners of larger yachts that can benefit from our assistance. We have very attractively priced packages perfect for the owner of smaller yachts (vessels up to 55ft). Click here to find out more.
Capt Tom Kemp, founder Shearwater Yachting