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Introduction to the Superyacht Industry

  • Introduction to the Superyacht Industry
  • Defining a superyacht
  • Historical development
  • Where we are today
  • Different parts of the industry
  • An overview of superyacht management

Ownership Structures

  • Different types of ownership structures
  • Offshore jurisdictions
  • Reasons for using a corporate structure
  • Private “v” commercial registry

Personnel – Recruitment, Induction, Motivation, Training and Retention

  • Superyacht sizes and the impact on crew
  • Maritime Labour Convention
  • Recruitment and career development
  • Qualifications

Logistics of Superyacht Management

  • The main cruising areas
  • The out of season lay up areas
  • Critical equipment
  • Food and beverage
  • Crew transport
  • Guest transport

Management of Safety

  • Applicable regulations
  • SOLAS, ISM and LY2/3
  • Passenger Yacht Code 13-36
  • Crew function
  • Managing the owner’s expectations

Management of Security

  • SOLAS and ISPS
  • Physical security
  • Close protection
  • Firearms

Insurance

  • Different types of insurance required by a superyacht
  • H&M
  • P&I
  • Crew medical
  • The role of the insurance broker
  • Importance of communication and honesty
  • Actions in the event of a claim

Technical Management

  • Machinery
  • Paint
  • Interior
  • Tenders and toys
  • Routine maintenance and refit
  • Flag State and Class inspections

Emergency Preparation and Response

  • Preparation and planning
  • Communication
  • Emergency organisation
  • Training and drills
  • Media management

Budgets and Accounting

  • Financial policy
  • Bookkeeping
  • Accounting
  • Budgeting
  • Costing
  • Cash management
  • Internal controls
  • Charter accounting and the APA
  • Auditing
  • VAT

Essential Law

  • Introduction to English Law
  • International Maritime Law
  • The Flag State and the Port State
  • Shipboard documentation

Managing for Charter

  • Be prepared
  • Managing guest expectations
  • Safety and security
  • Privacy
  • Drugs, alcohol and firearms