Owning and managing a luxury yacht is an increasingly elaborate business. Our management team is comprised of highly qualified personnel who can offer support and advice to yacht owners to ensure that the yacht is being maintained, administered and operated to the highest standards.

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When you choose Oceans ELite as your yacht management company, your yacht is assigned to a dedicated team of highly qualified Yacht Managers who will act as the Owner’s representatives across the full spectrum of the yacht’s operations. We stay abreast of how to run them efficiently alongside the ever-changing technical, administrative and regulatory standards. You can be assured that our staff will work with you and your team to make sure that the yacht is operated safely and efficiently.

Under our management program our clients are able to benefit from our expertise and assistance in the following areas:

Accounting

  • Input on annual budgets and financial planning
  • Monthly fund requests based on known and expected expenditure
  • Receipt of funds and disbursements for all goods and services
  • Processing of wire transfer or cheque for payment of invoices
  • Payment of crew salaries
  • Management of cash and debit card facilities to the Captain for onboard expenditure
  • Receipt and checking of monthly accounts, integrating expenditure into the Yacht’s accounts
  • Receipt and checking of credit card or debit statements
  • Preparation of monthly statements and expenditure analysis
  • Preparation of annual financial reports
  • Management of daily charter budgets
  • Management of the payment of any yacht expenses

Administration / Insurance

  • Advice on any regulatory changes affecting the yacht’s operation
  • Advice on maintenance / renewal of vessel certificates, licenses, classification status and Flag State requirements
  • Management of insurance cover for the yacht and passengers
  • Administration of insurance claims relating to the yacht and crew
  • Yacht registration and flag state liaison, re-flagging, re-registration and name changes
  • Ownership Structure and changes
  • Provision of Captain’s contract and crew agreements
  • Crew recruitment selection and appraisal
  • Assignment of appropriate crew or manning agencies to source crew for hiring or replacement.
  • Assistance in crew disputes as required.

Technical Support

  • Establishment of planned maintenance schedules and reviewing their effectiveness with periodic inspections
  • Trouble shooting, advice on any modifications and or repairs to machinery.
  • Appointment of competent personnel to oversee the maintenance and efficiency of the vessel
  • Assistance to onboard engineering staff with shipyard specifications
  • Shipyard visits during dry docking
  • Obtaining of quotes for spare parts and supplies, purchase and dispatch
  • Appointment of surveyors and technical consultants as necessary
  • Arrangement of bunkering
  • Liaison with suppliers, obtaining quotes and arrange for purchase and dispatch of spares
  • Yacht transportation

Message us to get started with our Yacht Management Service

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