Managing luxury yachts demands professional expertise and extensive market knowledge. 1OY has been involved in the management of some of the world’s finest yachts either for sale or charter. This expertise and in-depth knowledge is shared across the whole company ensuring that our management team is familiar with many of the models in operation today.
The team also visits shipyards around the world every year and is in regular contact with designers, naval architects and suppliers. This ensures our team stays up to date with technical developments ensuring new technology and regulations are implemented wherever possible.
Whether you are new to yachting or an experienced yachtsman, our professional team of yacht managers will give you confidence and security as well as ensure the most cost effective management of your vessel, leaving you to sit back and enjoy the benefits of your yacht.
Your yacht will be assigned to a Charter Manager who will act as the Owner’s agent and promote the yacht to the international brokerage community. Some of the Yacht Charter Management services we provide but not limited to are: Implement at marketing plan to market your yacht for charter, visit the yacht to ensure the charter manager has a comprehensive and current picture of the yacht, liaise with the captain and chief steward/ess on a regular bases, prepare charter contracts and manage escrow accounts, handle numerous details pertaining to a booked charter and communicate to the clients to ensure contracts are signed in a prompt manner.
At 1OY our goal is to maximize the demand for your yacht and create specific branding that represents the quality features of the yacht with the professionalism of your crew. Our Yacht Marketing services are second-to-none.
Adding your yacht to the charter has its benefits:
1. Placing your boat for charter could reduce your operating expenses by 30% – 70%.
2. A prospective buyer is always around the corner! We encounter multiple situations where a prospective buyer wants to “test” the yacht before making a purchase. This is a great way to accomplish the sale of your boat (if desired), and you get your boat seen in the industry.
3. Your crew will thank you. Chartering enables a crew to perfect their skills while also earning extra income via charter tips.
Happy crew = Better performing crew
4. Talk to your accountant about tax advantages. There might be significant tax benefits.