When every vessel is a mobile, multi-million-dollar
business, you need systems and services that can support operations in a unique
set of circumstances.
Our new, free guide can help.
We’ve drawn on our experience working with some of the
world’s largest superyachts – both charter and private – to outline 12 ways to
world-class yacht operations. The guide looks at ways to support or
improve:
Guest services
Security
Payroll processing
Reporting and admin.
Let’s look at one example…
4. Adopt cashless cruising
Some yachts still sail with a safe full of cash, in all the
currencies required for the voyage.
Modern anti-money laundering regulations make that an ever-harder
model to sustain. In many jurisdictions, it’s simply not possible to equip your
captain with €50,000 or €100,000 in cash.
Nor is it desirable. The everyday world is increasingly
cashless, especially as a result of the Covid-19 pandemic, and cashless cruising lowers operational
risk, potentially reducing insurance premiums, too.
Using a widely recognised and accepted card improves
accountability, transparency and your ability to account to clients for every
dollar or euro spent on their behalf.
It also simplifies APA management and the captain’s
administrative burden. Have separate cards for yacht operations and client APAs
so that money never gets muddled.
“Cash is so messy, now. We
steer clear of it almost entirely. We tell our crews to use their cards
wherever they can. If they do need cash, they can withdraw it from an ATM using
the Centtrip card, so it's accounted for. It keeps tracking and accountability
high and hassle low.” – Rob Dolling, Director of Sales & Purchase,
Management and New Construction, VERPEKA DOLLING
Other questions to consider include:
