DIPLOMA IN
Superyacht Management
Who is This Course Suitable For?
Studying the Diploma in Superyacht Management is particularly aimed at yacht managers, technical managers, charter managers, DPA’s and also captains and senior crew looking to make the transition to a shore based support role.
Duration:
12 – 18 months
Modules:
12 in total
Cost:
Diploma: £2,950
Certificate: £2,150
Recognised by: 
About the Course
As a progression from our successful Diploma in Superyacht Operations, the Diploma in Superyacht Management has been developed. This course is specifically designed to cover the specialist knowledge required by those currently working in or making the transition to, the yacht management sector or its divisions. This course will teach you the essential elements of yacht management on a day to day basis. With this Diploma you will develop your knowledge of the superyacht industry from a yacht management perspective, enabling you to fulfil your job role to its maximum potential with greatest efficiency.
Module subjects include ownership structures, personnel, logistics and safety management along with other essentials such as technical management, insurance, budgeting and charter management.
Course Structure
The course consists of 12 modules. All students are required to successfully complete and pass the module assignments. Diploma students will also be required to sit and pass a final examination.
1. 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 marketplace today
2. 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
3. Emergency Preparation and Response
- An introduction to emergency preparation and response
- Preparation and planning
- Communication
- Emergency organisation
- Training and drills
- Media
4. Ownership Structures
- Introduction
- Companies
- SPVS – Special Purpose Vehicles
- CSPS -Corporate Service Providers
- 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
5. Logistics of Superyacht Management
- Introduction
- Main cruising areas
- Transport
- Critical equipment
- Provisions and miscellaneous
- New builds
- Conclusion
6. 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
7. 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
8. Essential Law
- Legal concepts
- Maritime law
9. Insurance
- Introduction
- The legal side of marine insurance
- The practical side of marine insurance
10. 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
11. Charter Management
- Introduction
- Role of the charter manager
- Campaign
- Location
- Itinerary
- Charter party profile and preferences
- Safety and security
- Conclusion
12. 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
Career Pathway
Career path:
Many managers come from superyacht crew who come ashore having the advantage of understanding life on board a superyacht.
Salary:
Between a low of £29,000 per annum up to around £50,000 depending upon experience and location.
Duties:
Whilst office-based, this does not mean that all the time is spent in the office. Regular visits to the yachts under management is often required and this can involve significant periods away from home.
Meet the Course Director
Russell Stockil
Truly effective yacht management requires a multidisciplinary skill set. As stakeholders in the industry, yacht management has a key responsibility to provide continuity throughout the lifecycle of the yacht with its changes in Ownership, Captain/Crew, Flag/Class, location/jurisdiction and multitude of service providers each with their own role to play and an agenda not necessarily aligned with the overall best interests of the yacht operation.
With 30 years (12 aboard and 18 ashore) in the industry and a wide range of experience and exposure to yacht operational challenges and industry experts, Russell is keenly aware of the importance of asking the right questions and sense checking the responses in the context of the big picture and the best interests of the yacht.
A qualified Captain, Marine Surveyor and member of the Nautical Institute, with over 200 onboard audits and technical inspections carried out on a global fleet ranging from 35 to 135 metres., carrying bespoke machinery and operational systems, as well as project management and oversight for large refit periods for high profile clients, Russell has had the good fortune to be involved with all of the moving parts and many layers of complex operations and can draw on experience and working examples to ask the right questions.
DIPLOMA IN SUPERYACHT MANAGEMENT
On passing the Diploma, you will receive the above icon. Please use it on your business cards, LinkedIn profile and website(s)!
You can also use these letters after your name: MTA Dip SYMGT
Flexible
Supportive
While the nature of distance learning is independent study, we recognise the importance of support. Students can contact us at any time during their course for assistance and our team of industry experts are always on hand for advice.
Expertise
We have over 50 industry experts writing, developing and advising on our course material. We truly believe that allowing students to tap into their expertise and knowledge is of the utmost importance to fulfil your dream career.
If you would prefer to complete this as a classroom-based course, please contact us.
FAQs
How long do the courses take to complete? What's the difference between a Diploma and a Certificate? Read through our Frequently Asked Questions below to find out the answer.
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