A comprehensive guide for yacht owners considering a move up in class, looking at the complex issues, opportunities and challenges involved, including regulations, financing, the cost of professional crew and yacht management.
There comes a time in the lives of most yachting enthusiasts when your current boat isn’t large enough to accommodate your dreams or expectations. Moving up from a private yachts with a captain and a stewardess or deckhand to what we commonly call a superyacht that will cruise and perhaps charter internationally is akin to moving from a Cessna to a Boeing BBJ. Mechanical systems are more complex, personnel issues are more challenging, legal and financial details are increasingly complicated and the regulatory landscape can be onerous if not carefully managed.
We present a comprehensive guide for yacht owners considering a move up in class, which looks at the complex issues, opportunities and challenges involved:
Part 1: Moving up in class • Financing your yacht |
Part 2: Regulatory implications • The regulatory landscape |
Part 3: Help and support • Yacht management basics |