Centtrip blog

Currency exposure can significantly impact profitability in the yacht industry, prompting the need for effective currency risk management and structured strategies to mitigate potential risks.

A couple of considerations for improving transaction efficiency and avoiding excessive charges when money moves across borders.

Things happen on tour. Problems and opportunities arise and the touring party needs the payment tools to face whatever comes their way.

It’s getting tough on tour. Talented crew have quit the business and venues have closed. Routing’s harder and costs have been rising.

Making monthly, international salary payments for yacht crew is expensive. Wire transfer fees alone can add 0.5% to 1.0% to salary costs while delays in receiving payments can lower crew morale.