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.
Accounting
  • 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 salariesArranging for cash to be available to captains for on board expenditures
  • Checking captains’ monthly accountsChecking 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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