Diploma in Superyacht Operations - Chartering. Tutor Marked Assignment - Essay Example

Although it seems that chartering the yacht is expensive given the expenses the owner of the yacht charges for the charter of the vessel, it depends on what form of charter agreement you enter into. For instance, if your contract is based on the MYBA terms then the cost quoted by the owner would include the costs on the following items (referred to as the charter fees): The other advantages of chartering the yacht opens wide range of options to choose any type of vessel you desire for the required number of weeks.

Good food and a relaxed atmosphere are the priorities of the owner of the charter yacht. All you have to do is to enjoy the experience without worrying about the costs except for the charter expense. The service and privacy afforded to you by the charter vessel is of high quality with opportunities abound to experience new places. Few benefits of chartering a yacht are: To breakeven with the charter revenue and the running costs, the yacht should be chartered for an approximation of 21 weeks to cover the basic annual running costs according to the ‘Super Yacht Module 8.

’ It is suggested in the module that in order to achieve the target of 21 weeks you would have to Chartering a yacht will require more maintenance than using the yacht for private purposes. There is a greater amount of wear and tear from having clients with no sense of ownership. Therefore in order to breakeven: One way the sales can increase is through word-of mouth. This can be achieved by providing superior services and cruising grounds. From the point of contact of client with the broker to the days spent on the yacht with the crew till getting back ashore all adds value to the cruising experience and in turn can help retain and attract new clients.

The primary action after attracting the clients is to retain them. This can be done by providing the most satisfactory service that