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Total Yacht Management Agreement - bcharterhouseycbbcomb

Total Yacht Management Agreement - bcharterhouseycbbcomb 2025

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The Total Yacht Management Agreement outlines the terms between a boat owner and CharterHouse Yacht Club for the management of the owner's yacht. CharterHouse will handle marketing, crew management, and financial services for a fee structure that includes percentages of charter revenue and monthly charges. The agreement details responsibilities regarding maintenance, insurance, hurricane plans, and profit distribution, while allowing the owner to use the yacht when not booked. It supersedes previous agreements and requires 180 days notice for termination.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the job of a yacht manager?

Monitor and influence the financial performance of each yacht against budget: approve expenditure; ensure funds are held to cover anticipated liabilities; approve narrative explanations to accompany periodic reports to the owner; assess the value for money received for major items of expenditure.

Do yacht staff get a salary as well as tips?

Many yacht crew prefer to work on board busy charter vessels as they can almost double their salary each month with tips. If, for each charter, a chief stewardess or deckhand working is awarded $1,000 in gratuity, they could make up an additional $4,000 each montheven if they are entry level.

What does a yacht management company do?

A specialist management team will work with yacht owners and captains to provide a bespoke service for each yacht as the requirements as well as budget are different. The frequency of communication and input will also depend on the owners and captains preferences.

How much does it cost to manage a yacht?

Maintaining a yacht is a significant financial commitment, typically requiring 1015% of the vessels purchase price annually. For instance, a yacht valued at $10 million would incur maintenance costs between $1 million and $1.5 million each year.