Superyacht – The Art Of The Budget
Whenever I talk to owners and clients, the subject running costs and budget always comes up. I always advise it is the fundamental tool for measuring the finances of the yacht but, like fine art, requires careful crafting and curation to be of value, and a caveat – there is no ‘one size fits all’ model.
Superyacht – IHM, Will You Be Ready By 31 December 2020?
As some readers may be aware, articles 5 and 12 relating to ships Inventory of Hazardous Materials…
References – Handle With Care
The thorny subject of references, their value, authenticity and honesty has long been debated, not only in the yachting industry but also in all employment sectors. Below I look at some of the issues that should be considered. It is important to understand that there is no legal requirement to provide a reference – unless written into contract […]
Private Yacht – Passenger Yacht Code Compliance
The introduction of the Passenger Yacht Code (PYC) by the Red Ensign Group (REG) was a great step forward for the industry: finally removing the 12 passenger limit; aligning the safety and survivability of the yacht with passenger ship regulations; and allowing owners to maximise the potential of their investment. Today there are a number […]
Commercial vs. Private – Yacht Insurance
I enjoyed the various workshops I attended at the Global Superyacht Forum 2015 and the interaction and discussions with my industry colleagues. One particular comment during the (Over) Regulation workshop caused me to reflect upon its implication. A major yacht insurance company made a statement that they saw little difference between the number of claims lodged by ‘private’ […]
