Have Peace of Mind

The major benefit here is cost certainty. By maintaining insurances and certification, and through careful planning, a yacht management team aims to protect owners from unexpected large costs including les claims. In the event of an incident, the Flag State or court will ask ‘did the owner behave in the manner of a responsible ship owner? Having a professional manager in place offer a strong liability protection. Choosing the correct supplier is also a time process and busy yacht crews have limited research time. The shore-based manager with the benefit of the team’s pooled knowledge. Is better placed to carry out a global search across multiple suppliers. This delivers direct savings on items such as fuel, charts, insurance and bespoke items of high value.

Find a yacht management company that offers 24-hour technical support and who will also undertake a preventative maintenance regime, on the basis that it is far more cost-effective to maintain proactively than to repair reactively.

Cost control is important to all yacht owners. From managing purchase order systems to monitoring yacht credit card spending good accounting is the basis of efficient yacht operation. Many owners operate their yacht as a stand-alone business and utilize their own accountants. However, using Walidia, with over 10 years of worldwide yacht operational knowledge, they know what things should cost and can pick up discrepancies that a non-specialist would miss. They can also man-age budgeting, cash flow and file reports as and when required. Worldwide yacht operational knowledge, they know what things should cost and can pick up discrepancies that a non-specialist would miss. They can also manage budgeting, cash flow and file reports as and when required.

The Walidia Safety Management System is well established, effective and operated entirely in-house by a highly experienced team of shipping and yachting professionals. Yacht Security is governed under The International Ship and Port facility Security (ISPS) regulations, which impose certain security disciplines aboard commercial yachts. Property implemented, ISPS helps to protect yachts from unauthorised boarding and pilfering, and offers improved privacy and protection to guests cruising on board.

Crew salaries account for around 50% of a yacht’s operating costs. By handling all aspects of crew employment, including payroll, Crew Services helps to control this major overhead. With a high quality service for mail, leave, travel arrangements and career development, it is possible to maintain a happy and efficient crew for whom money is not the only motivation.