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.
Superyachts and their passengers attract attention, both wanted and unwanted. Ensuring privacy and security must be top of the list for yacht operators.
Communication, transparency and accountability are at the heart of good yacht operations. But so is the clear separation of legal entities. Captains, crew and management companies answer to owners and charter clients. Sound reporting and administrative processes make those responsibilities simpler to manage.
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