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Yacht Management

Yacht Management

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The difference between management companies today is in the people and their level of expertise and yachting experience.

Frédéric Laporte, YPI Director & Head of YPI Management

ONE SIMPLE REASON WHY OWNERS & CAPTAINS CHOOSE YPI YACHT MANAGEMENT:IT WORKS.

AND HERE’S WHY:

The YPI team understands the intricacies of running a yacht as well as the very real concerns of captains and owners. Recruited from shipping and yachting our Fleet Managers are ex-captains, ex-chief engineers and ex-Lloyds surveyors of note.

 

Many captains have had bad experiences with yacht management companies as staff try to micro-manage the yacht. The YPI team works with captains and their crew not over them. They support the captain with all the connections, networks and know-how he needs to get his job done well.

 

More than 40 years in the business gives YPI Management the network and the negotiating power to get things done quickly and cost effectively - whether it is sourcing and delivering parts to the yacht, dealing with Port State Controls or MLC issues - our support makes a difference.

 

YPI Fleet Managers handle fewer yachts per person than most other providers in the industry - that ensures better care and attention for each and every one of our owners and their captains.

 

Aside from providing a comprehensive range of New-Build, Financial, Technical, Operational, Class & Statutory Certification and Crew services (see opposite), our success also lies in the way these services are introduced, operated and managed for the overall smooth running of the yacht.

 

Being part of one of the world’s leading and longest running shipping groups (BRS)and having one of yachting’s longest running brokerage, charter and crew divisions working alongside our Yacht Management team, ensures our owners and captains have full access to an unparalleled level of support.

 

Yacht Management is so often a balancing act between varying demands and high expectations. Ultimately, it is about getting results for both owners and captains. After 40 years of working with generations of clients, we think we have found the way to always strike a balance that works for each yacht.

 

 

NEW CONSTRUCTION

  • Reviewing Specification for new construction
  • Preparing Budget and set-up cost for new project
  • Assistance with Flag and Class registration
  • Assistance with Plan and drawings approval 
  • Purchasing and shipment of set-up deliveries
  • Setting up newbuild Management Team
  • Attendance to shipyard
  • Sea trial and commissioning of equipment
  • Negotiating and settling warranty claims financial & accounting support

 


FINANCIAL & ACCOUNTING
SUPPORT

  • Set-up & maintenance of dedicated Yacht Management bank account
  • Yacht accounting and book keeping
  • Provision of Debit Card to the Yacht
  • Worldwide petty cash transfer
  • On-board accounting software and Training
  • Preparation of Budgets
  • Verification and Payment of Invoices
  • Monthly & Annual reporting
 

  

CREW MANAGEMENT & OFFSHORE PAYROLL
(in compliance with the Maritime Labour Convention - MLC)

  • Set-up of dedicated crew employment structure offshore
  • Offshore Payroll and issue of payslips
  • Crew recruitment
  • Crew qualifications vetting
  • Provision of approved Seafarer Employment Agreement (MLC)
  • Crew Confidentiality Agreements
  • Maintenance of crew documentation
  • Organising Crew training on request
  • Forwarding services of crew mails and packages
 

 

INSURANCE MANAGEMENT SUPPORT

  • Set-up of dedicated crew employment structure offshore
  • Offshore Payroll and issue of payslips
  • Crew recruitment
  • Crew qualifications vetting
  • Provision of approved Seafarer Employment Agreement (MLC)
  • Crew Confidentiality Agreements
  • Maintenance of crew documentation
  • Organising Crew training on request
  • Forwarding services of crew mails and packages
 

 

YACHT STATUTORY CERTIFICATION

MANAGEMENT

  • Assistance with Yacht Registration
  • Organising and preparing the Yacht for Flag & Class inspections and audits
  • Provision of ISM/Mini ISM* services with 24/7 DPA services
  • Maintenance of Yacht Certification
  • Provision of ISPS services
  • Provision of MLC
  • Conducting mandatory Internal ISM and ISPS Audits

* includes yachts over 500GRT

 

 

TECHNICAL MANAGEMENT

  • 24/7 Technical emergency assistance
  • Refit and repair planning
  • Shipyard management
  • Organising Yacht’s repair and attendance of technicians
  • Technical documentation control
  • Purchasing and shipment of Yacht spares and equipment
  • Planned Maintenance
 

 

OPERATIONAL SUPPORT

  • Preparation of Yacht specific plans for navigation in US Waters
  • Provision of Media response program
  • Negotiating and maintaining service contracts such as cellphone, Internet/VSAT, GMDSS Radio equipment, entertainment system and satellite tracking.
  • Organising Yacht specific Security Services and Area Security Report on request
  • Organising Yacht transportation on request
  • Organising Carbon offsetting program on request
  • Pre-purchase Yacht inspection on request
  • Valuation inspection