Top 5 Benefits Received from a Successful Charter Management Program
- Keep Your Crew Busy and Happy
Crew members gain valuable experience while on charter. A crew that is busy and traveling to new and exciting places will likely be a crew that is committed to your vessel. Less turnover means less cost and less time spent looking for quality crew. An engaged crew will naturally do a superior job and feel a sense of loyalty to your yacht. And having passionate, happy crew means they are willing to do whatever it takes to secure a charter and ensure the charterer’s enjoyment while on board.
- Better maintenance of your vessel
A yacht that is running on a regular basis will help a Captain identify problems in a timely manner thus saving you time and money. Less time fixing mechanical errors can mean more time that your yacht is available for charter and for personal enjoyment.
- Better resale value
A yacht with a successful charter record will prove to be a valuable asset when you are thinking of selling your yacht. A new owner will benefit from an experienced charter crew and the marketing that you have put into the yacht. This, in turn, will make your vessel stand out in the sea of yachts available for sale.
- Mitigate costs
If you are not planning to use your yacht full time, a way to mitigate some of your maintenance costs is to create an effective charter management program. With the help of an experienced Charter Manager, your yacht may be able to book 8-10 weeks of charter per season depending on its size and cruising areas.
- Peace of mind
Running a charter program is a detailed task and can become quite cumbersome. A great deal of legalities come into play and it is pertinent that you have a team that can handle all issues that arise before and during a charter booking. Our Charter Management team has over 50 years of combined experience with handling charters around the world. The charter program created for your yacht will be tailored to your specific objectives. Our deep knowledge of the industry, as well as our established reputation with brokers around the world, will ensure your yacht receives top exposure and marketing.