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Private Yacht Management
Under the private yacht
management program our role is a financial, logistical,
operational and communications center for the yacht. Our
services include but are not limited to:
Vessel Administration
and Accounting
A foundation is set for accurate budget assessment and implementation.
The manager administrates a separate bank account for each
vessel, handling any crew payroll and accounts payables
as directed.
Monthly cash flow and budget reports are
submitted to the Owner for analysis and revision, thus transforming
the operation of the yacht into a professional business.
Purchasing
— Our network of local and worldwide suppliers can
help purchase materials and bunkering at wholesale prices
passing the savings on to the boat.
Insurance —
Palm Beach Yachts International’s in-house knowledge
of marine insurance is extensive allowing us to gain the
most competitive terms available. Claims if any are handled
and processed in-house.
Vessel Technical
Assistance & Consulting
Through our various domestic and global contacts all the
day-to-day variety of a yacht’s specialized needs
and unique requests will be addressed and taken care of
assuring the Owner and Captain of our expertise and prompt
follow thru. We are familiar with all codes worldwide including
MCA and ISM and specialize in refits, repairs and new construction.
Crew Placement
With access to professional crew available worldwide, we
will assist in the hiring process resulting in creating
a successful team. With our experience in matching crew
personalities and the proper qualifications, our continuing
interaction and communication will follow to avoid high
crew turnover.
This service is provided to our yachts under management
at a discounted rate much lower than the industry standard.
Crew Administration
Once the crew is in place, all employment contracts, crew
health insurance and payroll duties are executed with proper
adherence to the various legal and tax implications for
the yacht’s flag. Under the guidance of Palm
Beach Yachts International, the Owner is relieved of
the time consuming and specialized job of overseeing and
protecting his yacht, offering our clients the maximum pleasure
of their investment.
Please call Duane MacPhail at 561-863-0082
or email him to discuss
your yacht management needs.
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