Outsourcing requirements such as yacht expense payments, yacht accounting, cash cards, financial reporting, VAT administration and compliance, crew employment and payroll, yacht insurance and flag registration gives owners specialist expertise when they need it most. Sarnia Yachts’ team of specialists can help private owners, family offices or trustees with:
We advise many clients on the most appropriate choice of flag, arrange the registration through a wide range of flag registries, organise surveyors, radio licences, MMSI/Call signs and carving & marking notes. We provide ongoing day to day management including renewals, changes to registration, local representatives and any requisite surveys.
Where instructed by the owner on such terms and conditions as the Owner shall instruct in writing, Sarnia can obtain insurance quotations for the various elements of insurance cover including hull and machinery, protection & indemnity and pre-delivery. Sarnia is not an insurance broker and is not authorised to undertake insurance advisory work.
In conjunction with the appointed Central Agent, Sarnia will manage the fiscal arrangements for the yacht including the appointment of the fiscal agents and the ongoing management of the charter fees, APA and any applicable VAT.
One of the most important aspects of the yacht operations is the financial management and the production of reports to the beneficial owner in line with pre-agreed budgets. Sarnia arranges the settlement of yacht expenses in line with agreed protocols and the posting of transactions directly into the records of the yacht owning company. Cash cards can be provided and cash on-board arranged.
Sarnia provide the full suite of management services for crew from the initial recruitment and vetting through to the in house employment & payroll arrangements. We can also take care of the Social Security arrangements, crew travel, leave tracking and crew training/certification. With a full crew management service or just employment and payroll we can cater for all requirements.