Yacht management companies take over the running of yachts for the client. This allows the client to enjoy all the benefits yacht ownership without all the added worries and concerns of maintenance and administration. In short the management company is protecting the client’s investment.

The management company also provide a service for those who bought the yacht for commercial reasons. Instead of sailing it personally the owner charters it out. Here, as well as the usual maintenance and administration service the appointed managers help advertise the yacht and take bookings and payments on behalf of their client.

When dealing with a yacht, management is worldwide operation. The vessel must be supplied and fuelled, and if need be undergo repairs, wherever it is in the world. The company will also organise the recruitment and payment of crew members.

The peace of mind offered to a yacht owner by a management company more than offsets the cost of the fees.