MANAGEMENT
It explains the processes to be followed for a private yacht to obtain a YET Compliance Certificate and a Temporary Certificate of Registry for YET (Temporary COR YET) authorizing the yacht to charter for up to 84 days per calendar year in EU waters (currently limited to France and Monaco). This Guideline applies to Private registered yachts of 24m or over that seek to charter in EU waters, provided that they comply fully with the requirements for commercial yachts of the relevant Large Yacht Codes (LYC), as well as all other applicable national and international requirements.
Compliance with the LYC requires all YETs to be fully commercially compliant at all times, whether engaged in trade or not. This also includes full commercial compliance with all applicable international conventions. This also means that the yacht cannot carry more than 12 passengers while engaged in trade.
Brown at Baker Tilly sees a brighter future for yacht managers where clients are becoming more sophisticated in knowing what to expect from their yacht managers He says, “I feel those who are quick to adapt and offer a transparent and value service are well positioned for change. One thing we do know is that they will change, things always do in the yachting world.” Kupfer adds, “Port States will gradually enforce that crew members living and working in the EU will have to pay social charges and taxes. This is a situation which crew members, managers and owners will need to adapt to.”
I’VE BEEN FOCUSING ON EFFICIENCY
TO MAKE SURE INFORMATION IS HELD IN ONE PLACE AND THEN SHARED WITH THE RIGHT PEOPLE SO THAT IT REDUCES THE REPORTING
It’s not hard to see how the mountain of rubber stamping adds up. Brown is a glass half full kind of guy and he reckons the evolution of yacht management is moving in a good direction; with more real time reporting that will allow clients a much more effective view of the operation of their yachts. “The increased use of technology in all areas of communication will mean that clients can be involved in a way that was previously very hard to put into place. This is especially true of the modern worldwide client who has a vessel that can cross oceans and has to be ready at a moment’s notice for his or her arrival. Their access to information will be push rather than pull, they can see what is happening anywhere, anytime.”
Nuno do Ó Caeiro, Founder of Earth & Sea Elite Management mentions, “We’ve seen an increasing demand from our clients to have fail-safe, practical ways to record and trace department checks and maintenance to use for auditing, we predict huge continuous developments in Superyacht Management software.”
Franc Jansen, Founder and Director of JMS Yacht Management and Crew Services has 30 yacht years industry experience and over those years has managed 150 yachts. He set up JMS three
EARTH & SEA ELITE YACHT MANAGEMENT Based in Mallorca, Earth & Sea Elite Yacht Management offer a full spectrum of services to existing Superyachts and new builds in the Mediterranean and internationally. E&S provide comprehensive operational and financial checks, ensuring that the yacht and crew are operating safely and efficiently at all times. From adept financial solutions, to expert supervision of yard time and bespoke onshore logistics, their global team is proud to provide a personal, bespoke service and peace of mind to owners and client representatives. Areas of expertise include Operational & Logistics Management, Account & Budget Management, Safety & Security Management and Crew Management. For more details Tel: +34 971 896 791 or visit
www.earthandsealifestyle.com
years ago and has offices in Brighton and Monaco. The greatest change that Jansen has witnessed in recent years is efficiency: “I’ve been focusing on efficiency to make sure information is held in one place and then shared with the right people so that reduces the reporting.” JMS claims to be one of the few management companies with new accounting programmes and software that allows the captain and owner to have access to the yacht’s bank account. “So everything is accountable and in one place. That saves everyone a lot of work. In the past, the management company would be sent a bill, for example. Let’s say the bill wasn’t paid, so the supplier calls the Captain. Then the Captain calls the yacht manager and by that point you are already a few days down the line. Now the Captain can look and see it has been paid. My motto is you have everything in one
ONBOARD | SUMMER 2018 | 43
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