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An Introduction to Superyacht Management

  • Introduction
  • General background to the superyacht industry – a little bit of history
  • International regulation of shipping (which includes superyachts)
  • Flag states
  • Classification societies and the role of class
  • Different levels of regulation
  • So what is superyacht management
  • The superyacht management market place today

Management of Safety

  • Maritime law and conventions
  • The flag state
  • Codes of practice for commercially operated yachts
  • Health and safety on board ship
  • Managing owner’s expectations

Emergency Preparation and Response

  • An introduction to emergency preparation and response
  • Preparation and planning
  • Communication
  • Emergency organisation
  • Training and drills
  • Media

Ownership Structures

  • Introduction
  • Companies
  • Special Purpose Vehicles (SPVS)
  • Corporate Service Providers (CSPS)
  • Partnerships
  • Ownership structures
  • Jurisdictions
  • Trusts
  • The family office
  • Agreements and contracts
  • Value added tax
  • Brexit and VAT
  • Flag and registration
  • Finance and insurance
  • Anti-Money Laundering (AML)
  • Costs

Logistics of Superyacht Management

  • Introduction
  • Main cruising areas
  • Transport
  • Critical equipment
  • Provisions and miscellaneous
  • New builds
  • Conclusion

Budgets and Accounting

  • Financial policy
  • Bookkeeping
  • Double entry bookkeeping
  • Accounting
  • Preparing for an annual budget
  • Costing
  • Cash management
  • Charter accounting and the APA
  • Internal controls
  • Audit
  • Value Added Tax (VAT)
  • Bribery act

Management of Security

  • Solas convention and the ISPS Code
  • Who does the code apply to?
  • The aims of the ISPS Code
  • Ship security assessment and ship security plan
  • Cyber security
  • The ship security plan
  • How to set up an ISPS system
  • Procedures for ISPS port entry
  • Company security officer
  • Ship security officers
  • The on-scene security survey
  • Non-compliant facilities
  • Physical security
  • Drones
  • Close protection
  • Firearms
  • Maritime security personnel
  • Maritime training courses
  • High risk area

Essential Law

  • Legal concepts
  • Maritime law

Insurance

  • Introduction
  • The legal side of marine insurance
  • The practical side of marine insurance

Technical Management

  • Being a technical manager
  • The different aspects of technical management
  • Flag requirements
  • IMO requirements
  • ISM code
  • ISPS code
  • MLC
  • Technical responsibilities
  • Emergency response
  • Conclusion

Charter Management

  • Introduction
  • Role of the charter manager
  • Campaign
  • Location
  • Itinerary
  • Charter party profile and preferences
  • Safety and security
  • Conclusion

Personnel

  • Superyacht crew and shore support
  • How superyacht sizes and use impact the crew
  • Typical crew day in a charter yacht
  • Maritime labour convention
  • Crew contracts
  • Disciplinary procedures
  • Recruitment
  • Crew induction
  • Career development
  • Qualifications
  • Crew management