Yacht Management

Owning a very large yacht is like running a business.

ODM Yachts ensures your 'business' runs safely, efficiently, and in a cost effective manner. We will help you maintain the value of your asset, while enabling you to take the time to enjoy the benefits of owning a yacht. A qualified and experienced professional will be assigned to the management of your yacht in order to ensure that the high standards of the owners are replicated throughout the entire business.

  • Annual budgets and financial planning
  • Monthly fund requests based on known and expected expenditure
  • Generating receipts for funds and disbursements of all goods and services
  • Checking invoices, generating receipts and payment of invoices
  • Payment of crew salaries
  • Arranging for cash to be available to captains for on board expenditures
  • Checking captains’ monthly accounts
  • Checking credit card statements
  • Preparing monthly and quarterly statements, along with expenditure analysis
  • Preparing annual financial reports
  • Arranging charter APA’s for captains (if yacht put on charter market)

Crew Services
  • Assisting captains in crew placement
  • Verifying and renewing crew certificates of competency and licences
  • Issuing captain’s and crew contracts
  • Assisting and liaising with the captain on employment disputes
  • Crew payroll
  • General crew administration and support
  • Handling of crew medical insurance and claim
Yacht Registration
  • Initial registration
  • Re-registration
  • Name changes
  • Ownership changes
Administration & Insurance
  • Arranging insurance cover for the yacht and crew
  • Administrating insurance policies and liaising with insurance
  • Handling of claims relating to the yacht and crew
  • General support for captain and crew with customs, cruising permits, shipping, port agents, travel and local contacts
Technical Management
  • Planning maintenance schedules with review of their effectiveness with periodic inspections
  • Appointing competent personnel to oversee the maintenance and efficiency of the vessel
  • Assisting on board engineering staff with shipyard specifications and trouble shooting
  • Visiting shipyards during routine dry docking
  • Liaising with Class and Flag State surveyors
  • Advice on maintenance and renewal of vessel certificates, licences, classification status and Flag State requirements

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The MYBA charter agreement, used by the most important Charter Brokers worlwide, clearly defines the rate and the terms of a charter contract. Based on MYBA Terms (Mediterranean Yacht Brokers Ass...

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