| The demands on yacht owners and captains are | | | | Classification Society. |
| massive, and using a yacht management company is | | | | Security and safety is of paramount importance in |
| a way to alleviate the burden. These specialist | | | | yachting and the management provider will use their |
| companies are able to provide the necessary support | | | | expertise to ensure that these are maintained to the |
| and supervision to owners as well as yacht captains. | | | | highest standards. Through certified quality and |
| This, in turn, ensures that the yacht's maintenance, | | | | safety management systems, safety and security is |
| operation and administration is of the very highest | | | | tailored to the type of yacht and commiserate with |
| standards. | | | | international standards. |
| Yachting is meant to be a pleasurable experience, | | | | It is essential that yacht owners and captains are |
| and handing over the onerous demands to the | | | | able to avail themselves of the management |
| specialists makes emanaging their yacht a very simple | | | | companies services no matter where they are in the |
| exercise for owners. In short, the time consuming | | | | world. Yacht management companies are able to |
| tasks involved are handed over to a management | | | | provide essential services such as provision of spare |
| company. A yacht management company provides | | | | parts, purveying and fuel bunkering at an international |
| support for the full range of yachting operations, | | | | level, providing the necessary help and services to |
| providing the expertise to deal with such matters as | | | | your nearest port. |
| accounts and finance, management of crews and | | | | A specialist management company also deals with the |
| operations, managing refits and new construction, | | | | administration of crews, aiding owners and captains |
| technical support, as well as all the necessary | | | | with recruiting, taking references and medical |
| insurances. | | | | certificate checking of all crew members. Added to |
| The proper financial administration of a yachting | | | | this list of duties, the company deals with pay, the |
| operation is crucial. Part of a management companies | | | | organisation of health insurance, as well as necessary |
| remit is to deal with an annual budget, and to make | | | | background and drug checks. |
| regular financial reports, monthly and quarterly, to the | | | | Yacht management, if undertaken by individual |
| owner. Technical assistance is also very important | | | | owners and captains, can at best be onerous, and at |
| withspecialist companies having the experience and | | | | worst well nigh impossible. But it becomes easy if it is |
| expertise to deal with a range of activities such as | | | | handed over to a competent company, allowing |
| the coordination of routine maintenance and refits, as | | | | owners to take maximum enjoyment from sailing, |
| well as ensuring compliance with regulations around | | | | while minimising the problems. |
| the world such as those of Flag State and the | | | | |