Superyacht Ownership & Management

A superyacht is an asset that costs 8-12% of its value annually to operate, and most owners learn this after purchase. The course delivers the full economics and management. Selection: new build vs brokerage, size and type (explorer, displacement, sport, sailing), shipyards (Lürssen, Feadship, Benetti, Oceanco, Damen), designers, classification societies (Lloyd's, RINA, ABS), flags (Cayman, Malta, Marshall Islands, Isle of Man). Purchase: brokers, central agency, survey (pre-purchase, sea trial), condition assessment, VAT and customs (temporary import, EU VAT status), legal due diligence (title, mortgages, liens). Ownership structure: LLC, trust, charter company, commercial vs private use, tax residency, crew and employment law. Crew: captain, chief engineer, chief stewardess, chef; recruitment, salaries, rotation, training (STCW, MCA), management and motivation. Operations: budget (fuel, marina, maintenance, insurance, crew, provisioning), refit and technical maintenance, planned maintenance, winterisation. Charter: commercial charter, MYBA contract, charter management, marketing, revenue and its reality. Insurance: hull & machinery, P&I, crew, liability. Safety and compliance: ISM Code, ISPS, SOLAS, environmental requirements (IMO 2020, ECA, sewage). Exit: sale, valuation, timing, brokerage strategy. Practice: calculating a full 5-year ownership budget and choosing an ownership structure.