What is included in Yacht Management

Yacht management companies are becoming an increasingly popular choice among the owners of luxurious motor yachts. When wondering whether or not to hire such a company, a question that often comes to mind to boat owners is what are the exact services included in yacht management. Even though this often depends on the company itself, usually there are a few services that are in the core of what defines yacht manager companies.

What are the exact services offered by Yacht Management Companies?

One of the core services offered by yacht management companies is the maintenance of your yacht itself. Usually this includes both the hardware and software maintenance. While is almost all cases the exact services are usually tailored to the specific boat owner and their needs, there is almost always required personnel and crew. A yacht management company will often help you with the determination of the salaries, performance evaluations of the crew and more.

What are the additional services usually offered by Yacht Manager Companies?

There are a range of additional services usually offered by yacht management companies. Usually, such include the planning and organization of events and parties, as well as trips, cruises and any additional personal arrangements with regard to the yacht. Planning the fuel costs, yacht management companies often consider the use expenditures of the owner, logistics and consumable items. Another great additional service usually offered by companies is fixing and arranging the administrative and remaining expenses of the yacht itself, such as the flag and ship registry, the marketing and communication for chartering, safety on board and other certifications, insurance, management and agencies and more.