Your yacht management issues solved
But what were the concerns that brought them to us? Here we share five of the most common issues of Owners today and how leveraging the combined resources of quality management and expert Captains can make for more enjoyable sailing
My costs are spiralling and it is unclear where my money is going.
As a result of over-burdened Captains or yacht management companies with poor proactive prevention planning and reporting processes, costs can quickly become out of control.
THE SOLUTION
Fraser puts in place smart systems for tracking onboard expenditure and adapting long-term spend around your budget forecast. Fraser works with your Captain to implement an accurate yearly budget and cashflow management control system giving you a complete overview of annual running costs. This enables you to identify key areas where costs can be saved and implement an approval workflow of expenditure, ensuring it stays in line with the market standard.
I’m concerned about Port State Controls and compliancy issues.
Every year sees an increase in the frequency of Port State Controls, and these can cause severe disruption to the operation of your vessel, particularly if they happen during a charter.
THE SOLUTION
The key to remaining compliant is identifying and solving potential issues before they occur. Fraser works with your Captain to complete an internal technical and safety audit when all systems are inspected against a PSC checklist with all necessary actions required to correct them properly budgeted and implemented. In terms of keeping surveys, certification and other documents up to date, Fraser uses easily accessible software incorporating alerts with reminders and renewal dates.
My onboard experience is frequently diminished by failed systems or equipment.
No matter how experienced and efficient your Captain may be, increasingly demanding yacht operations can result in key maintenance or repairs being delayed for budgetary or logistical reasons.
THE SOLUTION
Fraser works with your Captain to complete a full technical audit of your yacht, inspecting everything in detail down to the bilges, to review the condition of all items and forecast when maintenance or upgrades will be required to avoid future and unnecessary surprises and added expense. Regardless of issues with machinery, poorly maintained systems, corrosion, problems with tanks or anything else, we ensure the right contractors are sourced for solutions that come in on budget and within the timescale you have already agreed to. In the rare case of a technical problem occurring when you are on board, Fraser’s global presence with key management offices on both sides of the Atlantic means we can quickly and easily connect with suppliers wherever your yacht lies — and just as importantly, we can offer you excellent economies of scale when purchasing parts or deploying specialists to solve any issue efficiently.
I don’t feel enough is being done to retain the maximum re-sale value of my yacht.
All yachts lose re-sale value every year. But not all yachts lose to the same extent.
THE SOLUTION
Those yachts that retain much of their value do so as a result of a dedicated preventative and proactive mechanical and operational management programme developed and carefully implemented by Fraser and your Captain. Your Fraser Yacht Manager is constantly kept up to date by the Fraser Sales Division on what yachts are selling best on the marketplace and a quality maintenance programme always ranks highest.
How do I know my yacht is being properly and effectively managed?
Two simple answers: from the level and transparency of reporting you receive from your Yacht Manager working with your Captain, and the fact that every time you step on board, the yacht operates like a dream.
THE SOLUTION
Regular, in-depth and transparent reporting is what differentiates the services of different Yacht Management providers. They are your key to peace of mind, your reassurance that your vessel is being managed safely, effectively and efficiently. Here you see for yourself the pre-emptive planning in place for maintenance, surveys and other necessities. You can see the competitive maintenance and parts pricing rates you benefit from as a result and how your yacht’s downtime is best optimised to ensure minimum impact on your quality time on board. When you see your yacht enjoying low crew turnover and any issues that may arise being resolved quickly and effectively, you can take it that your yacht is being effectively managed.
Your Captain and crew are the guardians of your yacht. Investing in their ongoing training, well-being and added- value skills always provides you and your yacht with an invaluable return. In addition to the support offered by Fraser Yacht Management, Fraser’s crew arm, The Crew Network, helps Owners and Captains save time and recruit excellence right from the outset by presenting only pre-filtered, profiled candidates that best suit the yacht’s needs.
Are you looking to make your ownership experience worry-free?
Contact the Fraser Yacht Management Team to arrange a full audit on board and find out how we can improve your operations.
