SUPERYACHT MANAGEMENT Providing services ranging frompurely commercial andmarketing services to full commercial, administrative and technical services such as: crewing, arranging superyacht and crew insurance, general administration, accounts, technical and ISM/ ISPS services. Superyacht managers can be reassuring to have as an asset for the operation of the superyacht and thus vitally important. Do I need, or should I have a superyacht manager? • Yes, an ISM-certified superyacht manager for commercially registered/operated superyachts over 500 GRT • A superyacht manager is not strictly needed for privately registered/operated superyachts. On a smaller day boat, a captain can normally suffice. However, on the bigger tonnage, engaging a superyacht manager is recommended, for example, if the superyacht has a large crew employed or if the superyacht is to undergo works How do I choose one? • Are they reputable? Is he or she appropriate for the services needed and superyacht size, intended use and area of operation? Seek references from industry experts and your friends • What is market standard? Ensure you know what the manager is providing for their fee. Is the manager prepared to provide a manager’s undertaking on standard market terms to bankers, if you are borrowing funds to buy the superyacht?
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