Comparison between Traditional Crew Payroll and Crew Leasing
Liability
Jurisdiction Crew
MLC Approved
Crew Benefits
Safe Manning
Payroll
Company Location
Employed By
Traditional
Owner’s Insurance
Varies. Depends where Crew member files claims - leaving the owner’s liability open to countries with known high lawsuit payout
Fully satisfied as required by MLC and each country’s specific laws Fully satisfied as required by MLC and each country’s specific laws
Captain verifies
Standard accounting practices efficiently reported and paid punctually monthly
Varies
Owner
✔
Professional Yacht Crew
Cayman Islands
Company verifies before crew is hired and on board
Standard accounting practices efficiently reported and paid punctually monthly
Cayman Islands
Professional Yacht Crew and then leased back to Yacht Owner
✔
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