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An Introduction to the Superyacht Industry

  • Historical development
  • Different types and styles of yacht
  • The industry today – designers, builders, crews, insurers, brokers
  • The owners and their requirements
  • The role of the yacht manager
  • Where can the superyacht be found?
  • Future trends

Personnel

  • Crew structures and sizes
  • The role of the Captain
  • Crew character and qualification requirements including STCW
  • Recruitment, training and retention
  • Career progression
  • Contracts of employment, terms and conditions, ships articles
  • MCA and qualification requirements

Operational Management

  • Management Systems
  • Authority, policies and standing orders
  • Safety management
  • Documentation and record keeping
  • Personnel
  • Risk assessment

Interior Management and Catering

  • Hospitality management review
  • Operating procedures and policies
  • Quality management
  • Health and safety
  • Food and drinks service
  • Housekeeping
  • Specialist guest service

Accounting

  • Financial policy
  • Bookkeeping
  • Accounting
  • Budgeting
  • Costing
  • Cash management
  • Internal controls
  • Charter accounting
  • Auditing
  • Value Added Tax (VAT)
  • Brexit & VAT
  • Corporate ownership
  • Anti money laundering
  • Bribery ACT

Chartering

  • Superyacht chartering
  • The Charter Broker Network
  • Forms of charter agreement
  • Chartering seasons and shows
  • Commercial chartering or to defray costs
  • Customer relations and fixing a charter
  • Managing the charter – crew and guests

Repairs and Maintenance

  • Health & safety
  • Routine maintenance v condition monitoring
  • Proper planning
  • The owner and the budget
  • Enlisting outside help
  • Repair/refit facilities and periodic maintenance
  • Yard tenders and tender evaluation
  • Paint maintenance and paint system repairs

Legal Aspects of Superyacht Management

  • Introduction to English Law and the National legal system
  • The Law of Contract
  • The Law of Tort (negligence)
  • Liability in Contract & Tort
  • Responsibilities
  • Admiralty Law and Jurisdiction
  • International Maritime Law
  • Governmental control of ships
  • Shipboard documentation
  • Codes of practice for commercially operated yachts
  • The Flag State
  • Pollution
  • Chartering commercially operated yachts
  • Health and safety on board ship
  • Marine Insurance
  • Value Added Tax (VAT)
  • Recreational craft directive
  • Finance
  • Employment of seamen in UK flag yachts
  • Conduct and discipline

Insurance

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

New Building Project Management

  • Defining requirements and obtaining viable tenders for building the vessel
  • Analysing tenders, contract negotiations and signing
  • Design development, project management, plan approval, inspection, trials and delivery

Security and ISPS

  • Principle of yacht security
  • The ISPS Code and how it affects superyachts
  • Security personnel and duties
  • Searching and search procedures
  • Security systems
  • Owners and guest security ashore
  • Superyacht crews
  • Piracy and armed robbery

The International Safety Management Code

  • Introduction
  • Key players
  • Certification
  • Legal and insurance implications
  • Practical aspects of the code