A successful yacht management team should provide its customers with valuable services.  The management team at Yachting Solutions can maximize the owner's investment, reduce the owner's risk and liability, offer regulatory advice and administration, provide operational management, as well as facilitate crew recruitment, placement and adminstration.  In addition, we can help with coordinating emergency response efforts and consult on safety, security and technical topics. 

The convenience of having a central clearing house for the "business" of operating a yacht is the essence of effective yacht management.   Traditionally only large yachts have required the services of a yacht managment company, however, more and more of our customers with smaller yachts are finding the value of having a land-based professional organization manage these assets.   Yachting Solutions in-house team of professionals, in all aspects of the yachting industry, provide years of experience in yachting, commercial shipping, accounting, law and business management. A partial list of our Yacht Management services is provided below.

Financial

• Input and preparation of annual budgets and projections
• Full transparency accounting
• 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, organizing 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 and Operational Support

• 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, linens 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 owner/guest expectations