Yacht Management - Description of Services

Vessel Administration & Accounting – PartnerShips maintains a separate account for each vessel in its fleet. Working from an annual budget agreed upon with the captain and yacht owner, the management team will administer expenditures against specific categories, pay bills and reconcile bank statements and credit cards with monthly, quarterly and annual reporting. Our management Software (Triton Administrator) can be installed on board for efficient daily entries by the crew with transmittal to the office via email.

Crew Administration & Management – Our management team will interview prospective yacht crew and perform reference checking, license and documentation verification, and employment verification to help the owner build a top notch crew. On an ongoing basis, we will administer crew contracts (Flag Approved), payroll, withholding taxes (when applicable), and health insurance. Yacht management can also provide crew training and trouble-shooting for crew issues, providing a buffer between the crew and owner.

Technical Consulting – Working with the owner, captain and yacht crew in the selection and monitoring of vendors, contractors and shipyards worldwide, yacht management will help to align maintenance and repair work with the budget and cruising itinerary. Our yacht manager will conduct a periodic review of vessel upkeep, and planned maintenance schedule, including oversight and coordination of Flag State and Classification Society compliance and other issues affecting safety and vessel operation. When required, the yacht management team will assist with the handling of insurance claims.

Worldwide Logistical Support – Spares, chandlery, purveying and fuel bunkering. The yacht management team is available 24/7 to Captains and Owners, and can give assistance with everything from dockage to voyage planning to securing travel visas.

ISM/ISPS Code Compliance – The International Safety Management Code (ISM), is a certified, quality and safety management system (SMS) initially developed for the commercial shipping industry and customized to the needs of yachting and each specific yacht. This safety management system gives the utmost assurance of a continuous cycle of improvement in quality and safety. The International Ship and Port Facility Security Code (ISPS) addresses the additional requirements for security of the yacht and her guests and crew.

Vessel IT (Information Technology) Support – Due to the complexity of computer systems and the operational and communications requirements a specialized, custom service is offered bringing continuity and expertise. Billed either on an hourly basis, or depending on the complexity of the system and/or network, monthly pricing with defined support is available.