One-to-One Yacht Management offers all aspects of yacht management:
- Yacht Registration and ownership structure set up
- Yacht Administration
- Finance and Accounting
- Crew Management / Human Resources (MLC 06)
- Operational Support
- Technical Support
- Safety (ISM) and Security (ISPS)
Our team is comprised of experts in their fields with years of worldwide yachting experience. Our approach is one of hard work, precision, and constant contact. We visit every one of our yachts on a regular basis, and we also spend time with your crew both face-to-face and on the phone.
Increasing and ever-changing international regulations have made yachting very heavy in administration and paperwork. For a captain, it has become nearly impossible to manage all aspects of a yacht on his own. One-to-One Yacht Management gives your captain all the support and time he needs to adequately do his job, optimizing your yacht management.
We will make sure your asset is well taken care of and that your money is carefully and wisely spent. We ensure that each dollar spent on your yacht is necessary, optimized, and justified.
Every month, we produce a very detailed and comprehensive report for owners, going over each aspect of their yacht’s management. This report gives a clear overall picture of what is going on and what is planned.
Yacht management is a necessary expense that, with the right company, more than pays for itself. Discover how One-to-One Yacht Management can help you in every aspect of your yacht’s management.
YACHT MANAGEMENT SERVICES WE OFFER
As any business owner knows, the pleasure or challenge of operating a company is dependent upon the quality and commitment of its employees. We protect you against potential headaches while you enjoy a 5-Star service.
We offer crew management for any flag, processing payroll in most countries. We are experts in rules and regulations for all major state flags. We make sure the MLC is respected. Overall, we give crew good working conditions so they can feel good, and work well in return.
One-to-One Yacht Management’s team of accountants is precise. Expenses are reviewed by your Yacht Managers to ensure that prices and expenses are justified, reasonable and kept within budget as much as possible.
Our reports are clear and transparent. They will provide you with a 12-month forecast, so you can anticipate the cash flow needed.
You will know that your money is protected, accounted for, and wisely spent. You’ll also know well in advance how much you will need to spend and when to run your yacht.
The amount of administrative paperwork, certificates, surveys, and body of regulations that a yacht must have or comply with has become extremely strenuous. With One-to-One Yacht Management, you can rest assured that you are always in compliance and that all of your certificates are current.
With the use of our yacht management software, One-to-One Yacht Management keeps your yacht certified and travel-ready. We ensure that your yacht not only never misses a date, but we stay ahead of deadlines by anticipating and tracking every recertification and renewal.
We organize and plan the full maintenance and technical work of your yacht with the crew. Planning and organization gives time to get several estimates and optimize the maintenance schedule of your boat.
This saves the owner a lot of money, allowing for more time on the water to enjoy the yacht or book charters.
We have partnerships and pre-negotiated rates worldwide that will be utilized for your boat. That way, you can benefit from discounted prices and priority access to shipyards as needed.
As many as 80% of accidents at sea are due to human error. We believe that safety is paramount to the good operation of a yacht. By setting up the yacht’s Safety Management System with tools, checklists, and rigorous procedures, we minimize the risks for the owner, his family, guests, and the crew. Additionally, Terrorism and Piracy are also a very real threat today and we protect you by implementing your Ship’s Security Plan.
Our team of experts train your crew onboard, audit the yacht on a regular basis, provide a 24/7 emergency response and comply with every current applicable regulation.
If you were given the opportunity to obtain a passport from any country in the world, which one would you choose? Each state offers varying levels of benefits, protection, status, and financial advantages, while also requiring its citizens to obey different laws, follow different regulations, and pay different taxes.
Selecting the flag state and the country and structure of the owning entity of your yacht involves a similar decision-making process. The vessel is bound to the law of its flag state, who exercises regulatory control over it and its crew. We will help you select the best flag for your yacht, take care of the necessary paperwork and save you from paying unnecessary taxes.
WHY CHOOSE ONE-TO-ONE YACHT MANAGEMENT
REPORTS TO THE OWNER
Monthly Report: Each month, we send a clear report that goes over each aspect of the yacht management plan selected. Owner is kept informed without being constantly bothered.
Quality of Service: Our monthly reports reflect all of the work that we put into professionally managing your yacht. We are always on top of things so that your yacht brings you pleasure, not headaches.
We were told once by a yacht owner that our report was the only one that he was always excited to receive.
Cost Control – Expense control by yacht managers makes a world of a difference.We check every expense. Our technical control will avoid the yacht being ripped off or taken advantage of.
Planning – Extensive planning and organization allow us to optimize many costs, like crew time off or yard time.
Partnerships – Thanks to the relationships we developed over the years, you will be taken care of in priority in many places, whether for maintenance, dockage, or supplies. We never ever accept commissions or kick backs.
CREW PEACE OF MIND
Liability: Your crew can be administered by a Guernsey-based Company, and not from the company that owns the yacht. This brings you added peace of mind and saves you from potentially have to pay thousands, even millions for something you are not responsible for, like in this 130′ yacht owner’s case for example.
Regulations: We also ensure that applicable Crew regulations are respected and adhered to (MLC, flag state, country of the navigation, etc.).
Service: All that is left for you to do is enjoy 5-star service from a happy, well treated and trained crew.
WE PROTECT THE OWNER
Liabilities: There are tons of liabilities associated with yacht ownership. Years of experience managing yachts have shown that owners that are not protected by a good yacht management company are at high risks.
Yacht Repairs: Have you ever been to an auto repair shop for an oil change, only to have the mechanic say the car needs a new transmission? Now change the car for a yacht and multiply the cost by 1000. Our technical team will not let that happen to you.
Crew: January 2018: A stewardess won a 70M$ verdict against the owner of the 130′ Endless Summer because she was raped onboard, but not by the owner who has to pay the 70M… By the Polish drunk deckhand. With 1-to-1 YM, the owner would have been protected. And chances are, so would have been the stewardess as the VHF would have been in good working condition and she would have been able to call for help.
Navigation: While this 140′ yacht was on its way to pick up its owner in the Caribbean, water started getting in the engine room. Panicked, the crew abandoned ship while the boat was still completely afloat. But without any attempt to stop the water from coming in, the yacht simply slowly sank, only 15 nm offshore. The insurance rejected the claim as when the crew was questioned, they simply stated that they did not know how to activate the emergency pumps, nor did they know that the engines could also be turned into giant pumps which would have easily kept the boat dry until the boat reached a haul out facility. 121 YM offers a Safety training program to your crew, onboard, preparing them for every possible catastrophic scenario; keeping them, your guests and the yacht safe.
Registration: This winter, you just wanted to cruise in Florida. But you did not know, with a commercial registration, you cannot get a cruising permit in the US…
Stories like these buzz on all the marina docks in the world. Yacht Management requires knowledge, precision and integrity. A professional Yacht Management Company more than pays for itself.
OUR YACHT MANAGEMENT TEAM
A yacht is a business: It is owned by a company that may or may not have charter income, but has crew members (Human Resources), income, loans, and expenses (Accounting, Finance, Banking), certifications (Administrative), maintenance (Operations), taxes and duties to pay (Import, Export, Cruising Permits, Flag, VAT, Sales Tax, Income tax, Employment Tax), Regulations to respect (MLC, ISM, ISPS, SOLAS, COLREG, MARPOL, STCW, and the list goes on…), etc.
The same way you would hire an expert team to take care of a very regulated business of that size, you need a yacht management team of experts to take care of your yacht.
Our Team: Everyone of our team members is highly qualified in his or her field. Our technical team is comprised of Captains and Engineers with the highest diplomas and experience onboard the world’s largest boats. Our accountants hold MBAs or Masters in finance.
But not only do we select our team on their diplomas and experience, but on their personal character. They are people’s persons, they are honest and they have a will to always learn new things and better themselves. We are a service company, and our investment is on people.