It can be difficult for a yacht manager to gain the respect of the captain and crew if they are not seen to have ‘walked the walk’
REFIT & REPAIR WORK If the ISM Code was the first stepping stone yacht managers used to establish their importance in the industry then the compulsory five and ten year surveys became the second. Suddenly the choice of which yard to use was removed from the captain and chief engineer and gathered very firmly into the yacht managers portfolio. One very good side effect of this change was the rapid disappearance of the brown envelope far too frequently proffered by less scrupulous shipyards in a bid to win business.
Today yacht managers have a different and far more commercially orientated way of identifying and selecting a yard for refit and rebuild projects. Daniel Küpfer at Ocean Management tells us, “The prime criteria are, time, cost, quality, and availability. The specific strengths of each shipyard and our experience with them during previous projects are of great importance when suggesting a specific shipyard to an owner.”
Often yacht builders will have affiliated partner refit yards which would be favoured, or there may be specialist work that requires specific skillsets and machinery that are not available at all refit yards. It is the job of the yacht manager to advise the owner and captain of these facts, as well as to undertake extensive due diligence on the shipyard to ensure adequate and experienced people are allocated to the project.
Y.CO has project-managed the build and refit of many large yachts and have undertaken projects with most of the larger shipyards.
BLUEWATER YACHTING Do audits send a shiver down your spine? Phillip Holden, the Yacht Management Director, spent his 20s and 30s in the Royal Navy and as a superyacht captain on several vessels. With his experience and knowledge, he understands the stresses of running a safe, efficient, and properly maintained yacht. Phillip and his team of professional yacht managers, advisers, and DPAs take the headache out of audits, shipyard visits, flag and class requirements and negotiations for technical and AVIT. They will ensure your compliance with fiscal rules, charter, charter licences of different countries, registration, reporting and VAT returns. Tell them what you need, the management team are there to advise and support, not to take over or judge your procedures, just to help you perfect them. You’re the captain of your vessel, focus your precious time on this and let Bluewater take care of these fundamentals. For more details email:
management@bluewateryachting.com or visit
www.bluewateryachting.com
Mark Patterson says, “This gives us a good understanding of each one’s unique strengths, and any project we undertake will have a strategy set out specifically, not only for the project itself, but for the shipyard who will build it. Factors that are considered in the selection process include (but are not limited to) geographic location, scope of work, accessibility, local legislation, budget, and schedule.”
When it comes to identifying and selecting a yard for refit and rebuild projects Damian Martin looks at several different factors. He explains, “The location of the yacht, tasks to be completed, the reputation and experience of the yard, and then we undertake a full quotation process. There are some great refit yards that can handle big projects, and there are some great yards that are better suited to smaller, more routine stops so it is all about matching the client and yacht with a yard that suits their needs.”
DUE DILIGENCE
Specifically yacht managers need to undertake due diligence when assessing the suitability of a shipyard for refits and surveys. Daniel Küpfer at Ocean Management tells us, “We evaluate shipyards on the basis of the quality and motivation of their
60 | SPRING 2022 | ONBOARD
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