Yacht Management

Running a larger yacht is much like running a business and can be a daunting task even to an experienced owner or captain. Often busy charter yachts or yachts that do a significant amount of traveling find it most convenient to have a central clearing house for the management of the “business” Yachting Solutions can provide professionals in all aspects of the yachting industry with years of experience. A partial list of our Yacht Management services is provided below.

Accounting
- Input and preparation of annual budgets and projections
- Payment and receipt of funds and disbursements for all goods and services
- Checking all invoices prior to payment with the owners as applicable
- Monthly fund requests based on known and expected expenditure
- Payment of crew salaries
- Accounting and disbursement of petty cash
- Maintenance planning, organize specialized service personnel
- Receipt and checking of Captain’s monthly expenditures
- Preparation of monthly expenditure statements and projected expenses sent to owners
- Bidding, estimating and awarding storage and service contracts

Administration
- Preparation of annual winter work lists
- Establishing planned maintenance schedules, budgets and projections for capitol expenditures
- Maintenance of all documentation, registrations, applicable taxes and license requirements
- Maintain proper insurance
- Administration of insurance claims relating to the yacht
- Pricing and arranging fuel
- Dispatch of equipment and spares
- Agents for the yacht arranging any specialty provisioning, dockage or travel arrangements for owners, guests or crew
- Delivery of vessel as necessary to or from winter storage/maintenance locations
- Provide technical expertise in wooden, composite or metal vessel repairs and maintenance as well as mechanical and systems engineering
- Storm planning/emergency haul out arrangements
- Purchase, preparation and maintenance of uniforms, linins and any yacht specific items
- Ships inventory control
- Crew selection and recruitment
- Forwarding of crew and yacht mail and correspondence
- General Captain and crew support and communication as required
- Provision of captain’s contracts and crew agreements
- Coordination of crew training, education and licensing maintenance, including etiquette and owners/guest expectations