YACHT MANAGEMENT
ARROW MONACO Over the past 25 years Arrow Monaco has built a reputation of dependability and excellence in yacht management. While continuously supporting a fleet spanning every ocean, Arrow’s offering is distinctive within the superyacht industry – as a fully independent yacht and project management company, whose roots are solidly in the practical skills needed for day-to-day yacht operations at sea and onshore. To meet and exceed the industry’s ever-increasing demands, the company also offers a comprehensive suite of services for new build and refit project management, a plethora of different surveys and state-of-the-art 3D-scanning technology – all refined specifically for the superyacht sector. For more details Tel: +377 97 70 24 90 or visit
www.arrowyacht.com
switched to commercial operations. This increases the yacht’s re-sale value and may make her easier to sell. Even if the owner wants to start chartering, it becomes much easier and quicker. It protects the asset in every direction.”
It cannot be argued that a 100 metre yacht operating privately does not become any safer just because it is being chartered. But the situation becomes more complicated when considering yachts under 500gt because full ISM, when done correctly, is time consuming.
the ISM requirement for yachts to appoint a Designated Person Ashore (DPA) that, if anything, became the stepping stone that many yacht management companies used to establish themselves as indispensable links in the superyacht industry chain.
Bolt LaMotte at MCM in Newport Rhode Island says, “In an ideal world, full ISM should be mandatory for private yachts as well as those that operate commercially.” He adds, “In some cases it already is, if the yacht is certified in compliance with one of the commercial yacht codes (which can be done even if registered as a private yacht). Having clear and formal procedures and guidance for safety onboard is always a good thing and promotes an overall strong safety culture onboard. This elevates a yacht’s standard of maintenance and operation, which can save an owner money in the long run and reduce risk. We usually recommend that even if a yacht is not operating commercially, that they maintain a ‘voluntary’ Statement of Compliance (for whichever Yacht Code is relevant to them, and if their Flag administration allows it), as it provides a standard to adhere to and to be surveyed on annually. Whether or not they elect to have ISM as an item not complying is usually an owner or captain decision, though our recommendation is to implement the ISM.”
Jansen of JMS concurs, “All our private yachts are running with voluntary compliance to commercial standards and that includes an ISM system.” He adds, “The reasons are that the operation of private and commercial yachts is the same. Therefore, we think the safety should be the same. This comes with several benefits for all concerned as well. Having a certificate of compliance means that the yacht meets the safety standards of Class and Flag, and the standards are independently verified. The costs of doing so on a superyacht are in fact, somewhat, minor. If the yacht is keeping voluntary compliance, it means it can be easily
Bluewater came to superyacht management in a roundabout fashion and that makes them somewhat different. Founded in 1991, specifically to train crew, Bluewater can now offer more than 25 years of experience. It is one of the few yachting companies with dedicated teams in each of the five main industry sectors: brokerage, charter, management, crew training and placement. The company boasts its USP as being the only company able to sell, charter and manage yachts on which the crew were recruited and trained in-house. Bluewater offers yacht owners and captains yacht management services in customised packages. This modular ‘pick n mix’ approach allows clients to choose any number of yacht management services to create one designed to serve differing needs. Phillip Holden at Bluewater believes, “It will always be good practice to apply the quality and safety standards of the ISM Code to all vessels, including yachts under 500GT, which will enhance operational safety and minimise risks. Applying the Code to smaller vessels would also help yacht owners and management companies to establish a safety culture onboard. “He adds, “Operating with an onboard Safety Management System can assist in reducing accidents, incidents, and operational failures, which can ultimately save costs and protect the yacht’s reputation.” Finally, he says, “Although it is not mandatory, it is recommended to apply the principles and standards of the Code to yachts under 500GT which will assist in improving crew/guest safety and enhance efficient operation.”
Bolt LaMotte at MCM explains, “Mini-ISM is already applied to yachts under 500gt which operate commercially or that maintain a Certificate of Compliance (Yacht Code) and provides a standard that we all agree is necessary in our industry. Again, this is recommended to provide the captain and crew with a framework by which to maintain safety protocols and a strong safety culture onboard. However, with both questions, as much
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