Yacht Management

TYL will always work with our clients & owners to put together realistic & achievable aims in the purchase, in the commissioning & in the operations of the yachts we manage & service. We can guide & advise you in the above then can work for you to make those objectives achievable. The teams at Taurus have well over 60 years experience in ownership, management & operations of vessel’s which ensures that what is feasible is made possible for you.

The manning & crewing of a yacht is always one of the most important areas we deal with. Insurance companies & Flag State insist that all crew onboard a yacht are fully certified & trained to the safe manning requirements. If you have a Captain & crew we will be happy to work with them, If you do not, then we can source and recruit a captain & crew for you with profiling and background checks for suitability & can employ them on your behalf.

TYL will carry out an initial audit on your yacht & we will advise you on what needs to be done to operate it in a safe manner. Then one of our yacht managers will be appointed to the vessel to oversee & to monitor the standards & procedures carried out by the crew onboard. TYL can assist you & your crew with any cruise or itinerary planning & can plan maintenance, repairs & refits & can also carry out supply logistics when & where needed at any time.

Part of our initial management service includes the discussion, agreement & setting of an annual budget for your yacht alongside some basic financial planning. We can provide our own accounting software or use your version to monitor the monthly/annual actual expenditure. This will be available to all parties onboard & ashore 24/7. If you require full financial management we will monitor & compare the proposed budget versus actual & contingencies.

The yacht, its tenders, toys & crew plus all those who use the yacht need to be insured against all & any incidents, accidents or injuries. Owners are also asked to insure & indemnify the yacht & its crew against them causing any pollution or environmental damage. TYL work with a number of insurers who cover all of the of those requirements & we can also work with them to provide healthcare for the crew & to insure anybody onboard for any activity.

Safety consciousness & situational awareness are the 2 most basic fundamentals that all crew should possess whilst working aboard their yacht. At TYL we work to Flag State and to the ISM (International Safety Management) & ISPS (Security) codes and we plan & record activities on board & so help prevent accidents/incidents from happening.

TYL’s DPA’s can & will carry out audits & training & record & report, & inform crews of any new regulations as issued.

TYL will ensure that your yacht is compliant with all Flag State & Classification Society rules & regulations. We have a good working relationship with both Flag & Class surveyors to ensure the integrity of your yacht is kept at a 100%.

We will arrange any surveys as required, attend onboard during surveys & report the results to you. We will audit the yacht once per year to ensure that it is being run correctly by the operators & to all those latest rules & regulations.