Our Yacht Management Services
Below is an overview of all the key services IYC Management can offer.
We would be delighted to put together a bespoke management proposal for your yacht.
Compliance Management
With hundreds of regulations, staying on top of the huge variety of compliance requirements is time-consuming and can sometimes be overwhelming. Rules and regulations are enforced by flag and class and incorrect management or insufficient compliance can have serious consequences.
We oversee the complex compliance regulations, ensuring worry-free operations for your yacht. Our team liaises with flag and class organizations, closely monitors regulations in all cruising grounds and provides direct support for the captain and crew to ensure the yacht is always compliant and paperwork is up to date.
There are many benefits to your vessel using IYC Compliance Management services. These include smoother audits and surveys, detailed survey preparation, reduced liability for compliance and crew legal claims, and a much lower chance of detention/delays by authorities.
Above all, we dramatically simplify compliance and ensure that the yacht is never held up by surveys or inspections.
Technical Management
IYC’s technical management support covers all aspects of a yacht’s technical operations – whether day-to-day queries, shipyard planning, or new construction. This includes reviewing new construction and refit specs and assisting with negotiating contracts (including shipyard, dockside and warranty), always while focusing on securing as many savings for the client as possible. Throughout this process, we are able to draw on our resource network of technical expertise, including the co-ordination of emergency logistics where needed.
Benefits include:
Significant Savings
By working with a large number of partner vendors, we can secure significant discounts and will manage all negotiations. We will also ensure that yacht downtime is kept to a minimum, ensuring your vessel is out of action as little as possible.
Smoother Projects
Using a management expert ensures that all projects run smoothly and quickly, delivering exceptional project supervision for less than the cost of a project manager. We can draw on the broad knowledge of our pool of experts and will come up with creative and cost-effective solutions to any challenge.
Financial Management
Good financial management should mean no surprises. We ensure transparency and clarity at all times, providing clear monthly, quarterly and annual budgets. Our services include the analysis of expenditure and any budget variances, and we ensure control over all outgoings and spend requests.
As with all our management offerings, this service is customized to the individual owner, ensuring tailored ‘corporate’ financial reporting. Detailed budgets mean that owners can be confident in how their yacht is being operated. We will make sure your yacht is run efficiently, cost-effectively and in a business-like manner.
Crew Admin & Payroll Management
IYC’s Crew Management division removes the complications that inevitably come from the day-to-day management of a crewed yacht. Having dedicated and impartial crew support is beneficial to both the owner and to the crew. Our team handles everything seamlessly, looking after all crew-related logistics.
Services we provide include the management of taxes, compliance and crew medical liabilities, as well as all logistics, repatriation and vacation requirements. We also handle any complaint procedures and all employment contracts, ensuring that all paperwork is up to date and legal. The benefits of our Crew Management division are many, including taking over the headache of time-consuming payroll demands and ensuring zero owner liability for crew compliance.
