Superyacht Management

Who is This Course Suitable For?

Studying the Diploma in Superyacht Management is particularly aimed at yacht managers, technical managers, charter managers, DPA’s and also captains and senior crew looking to make the transition to a shore based support role.

Duration:

12 – 18 months

Modules:

12 in total

Cost:

Diploma: £2,950

Certificate: £2,150

Recognised by:

University of Portsmouth

Course Structure

About the Course

As a progression from our successful Diploma in Superyacht Operations, the Diploma in Superyacht Management has been developed. This course is specifically designed to cover the specialist knowledge required by those currently working in or making the transition to, the yacht management sector or its divisions. This course will teach you the essential elements of yacht management on a day to day basis. With this Diploma you will develop your knowledge of the superyacht industry from a yacht management perspective, enabling you to fulfil your job role to its maximum potential with greatest efficiency.

Module subjects include ownership structures, personnel, logistics and safety management along with other essentials such as technical management, insurance, budgeting and charter management.

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Course Structure

The course consists of 12 modules. All students are required to successfully complete and pass the module assignments. Diploma students will also be required to sit and pass a final examination.

1. An Introduction to Superyacht Management

Introduction

General background to the superyacht industry – a little bit of history

International regulation of shipping (which includes superyachts)

Flag states

Classification societies and the role of class

Different levels of regulation

So what is superyacht management?

The superyacht management marketplace today

2. Management of Safety

Maritime law and conventions

The flag state

Codes of practice for commercially operated yachts

Health and safety on board ship

Managing owner’s expectations

3. Emergency Preparation and Response

An introduction to emergency preparation and response

Preparation and planning

Communication

Emergency organisation

Training and drills

Media

4. Ownership Structures

Introduction

Companies

SPVS – Special Purpose Vehicles

CSPS -Corporate Service Providers

Partnerships

Ownership structures

Jurisdictions

Trusts

The family office

Agreements and contracts

Value Added Tax

Brexit and VAT

Flag and registration

Finance and insurance

Anti-Money Laundering (AML)

Costs

5. Logistics of Superyacht Management

Introduction

Main cruising areas

Transport

Critical equipment

Provisions and miscellaneous

New builds

Conclusion

6. Budgets and Accounting

Financial policy

Bookkeeping

Double entry bookkeeping

Accounting

Preparing for an annual budget

Costing

Cash management

Charter accounting and the APA

Internal controls

Audit

Value Added Tax (VAT)

Bribery Act

7. Management of Security

SOLAS convention and the ISPS Code

Who does the code apply to?

The aims of the ISPS Code

Ship security assessment and ship security plan

Cyber security

The ship security plan

How to set up an ISPS system

Procedures for ISPS port entry

Company security officer

Ship security officers

The on-scene security survey

Non-compliant facilities

Physical security

Drones

Close protection

Firearms

Maritime security personnel

Maritime training courses

High risk area

8. Essential Law

Legal concepts

Maritime law

9. Insurance

Introduction

The legal side of marine insurance

The practical side of marine insurance

10. Technical Management

Being a technical manager

The different aspects of technical management

Flag requirements

IMO requirements

ISM code

ISPS code

MLC

Technical responsibilities

Emergency response

Conclusion

11. Charter Management

Introduction

Role of the charter manager

Campaign

Location

Itinerary

Charter party profile and preferences

Safety and security

Conclusion

12. Personnel

Superyacht crew and shore support

How superyacht sizes and use impact the crew

Typical crew day in a charter yacht

Maritime labour convention

Crew contracts

Disciplinary procedures

Recruitment

Crew induction

Career development

Qualifications

Crew management