Yacht Management

Why Yacht Management?

Operating today’s Superyachts can be a challenging experience for the most hardened marine professionals. Calling upon Master Yachts’ expertise for Yacht Management ensures a successful outcome to these challenges.

Operations

The ever increasing scope of legislative requirements to operate large Yachts has become overwhelming for the most organized crew and now requires a dedicated team of administrators to ensure compliance and thereby safe operation in order to safeguard the Yacht’s value.

General administration
Courier & post forwarding
Logistical support for berthing & fuel
Insurance adivce & review
Statutory compliance monitoring
Planned maintenance system implementation
Dry-dock & surveys arrangements

MYSafety

Understanding and assessing the risks is paramount and having a set of clear and established procedures is essential to maximize safe operation. Our Safety officers monitor yachts according to International Safety Management requirements to effectively support the crew in operating a safe Yacht.

Implementation & maintenance of our safety management system and ship security plan
Internal audits of the SMS and SSP
Organisation & attendance of external audits
24/7 emergency response centre manned by our in house DPAs
SMS for under 500GRT (mini ISM)
Crisis management and media response

Accounts

At Master Yachts we work closely with the Captain or the Owner’s representative to ensure the Yacht’s expenses are monitored effectively. Together, we establish an accurate annual budget, review the onboard expenses, consolidate and report on all accounts, administer dedicated client’s bank accounts, process payments and report transparently on a monthly basis.

Crew cash accounts review
Invoice processing & payment
Credit card account set-up & admin
Dedicated client account admin
Cash to master provisioning
Budgeting
Reporting & analysis of budget vs expenses

MYCrew

Crew support is vital in ensuring the Yacht’s human capital is liberated to perform its duties safely and professionally and by doing so contributes to the Owner’s and Guest’s enjoyment onboard. Our Yacht Management team of ex-masters and crew understand perfectly these requirements.

Employment contracts
Offshore payroll services
Health & liability insurance administration
Rotation & vacation management
Certification monitoring
Qualifications verification & endorsements
Visa compliance
Travel support & logistics

You cannot swim for new horizons until you have courage to lose sight of the shore.

– William Faulkner

You cannot swim for new horizons until you
have courage to lose sight of the shore.

– William Faulkner

Enjoy your yacht and precious moment
‒ we will take care of the rest.

Location

Avenida Gabriel Roca 21
Palma de Mallorca,
Baleares, Spain, 07014

+34 971 220 562

Services

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