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Sarnia Yachts Limited

Navigating the Complex World of Yacht Ownership & Operation

Sarnia Yachts has provided yacht ownership and operational services for over 40 years. With offices in Guernsey and Malta, we formulate and deliver the best, long-term solutions for owners of both private and commercial yachts.
NEW Sarna 160x160

Location Information

PO Box 657
La Plaiderie House
St Peter Port
GY1 3PR
Channel Islands

Regions Serviced

  • World Wide

Products / Services

  • Yacht Fiduciary
  • Corporate Structures
  • EU VAT
  • Yacht Administration Services
  • Crew and Payroll
  • Consultancy and Guidance
  • Flag Registration

Description

Sarnia Yachts provides a diverse and flexible range of services including yacht administration, VAT management, flag registration, crew employment and payroll and corporate yacht ownership.

Trusted by yacht owners, trust and family offices, lawyers and yacht brokers, Sarnia is one of the longest standing fiduciaries in the marine sector with a team of 26 in the Guernsey office and a further two in our new Malta office.

Yacht ownership and operations have become highly regulated with numerous laws and potential pitfalls to be avoided. It’s the details that make the difference and Sarnia guides you through these complexities so you can relax and enjoy your yacht with total peace of mind.

Sarnia is licensed by the Guernsey Financial Services Commission to provide fiduciary services and Malta Financial Services Authority to provide corporate services.

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Yacht Management in 2018 - How Sarnia Can Help

Written by Steven Marquis, Senior Relationship Manager

One of the themes discussed at the recent Superyacht Investor Conference was yacht management and its role for both the owner and the captain.
Sarnia’s Steven Marquis summarises why effective yacht management brings value for money and peace of mind to owners and their wealth management team who don’t always have the specialist knowledge required to meet industry expectations and regulations themselves.
Yacht managers need to support captains and officers on board so they can do their job well and focus on safety and the smooth running of the vessel.

Sarnia supports yacht managers with:

• Safety management systems; • Yacht and crew technical support; • Yacht expense payments; • Yacht accounting; • Cash cards; • Financial reporting; • VAT administration and compliance; • Crew employment and payroll; • Yacht insurance; • Flag registration.
Trust and first-class service are at the heart of good yacht management; the teams in the office and on board the yacht must work closely together. That’s another reason why using specialists like Sarnia is key - we understand the industry and are able to develop first-class working relationships with those on board, as well as owners and their wealth management team and other yacht managers.
The industry is becoming less reactive, so more proactivity is needed to manage the ever-changing industry regulations., notably MLC and ISM.

A good yacht manager should:

• Ensure the yacht is maintained to the highest standard for the safety and comfort of all persons on-board and safeguard the asset and passengers, who are often family and friends of the yacht owner; • Ensure the yacht is manned with suitably experienced and qualified crew; • Be able to select crew who will work well with the rest of the crew, the culture of the boat and meet the owner’s expectations and style; • Provide shore-based support for safety matters on a regular basis and in the event of a crisis; • Manage all costs to try and meet the yacht owner’s annual budget; • Provide shore-based support to the captain to allow him or her to focus on matters on board.
It is essential to educate yacht owners about the importance of developing a safety culture on board and for the captain and officers to proactively engage with yacht owners to demonstrate the benefits of this.

The cornerstones of a good safety culture include:

• Developing, implementing and maintaining safety policies and procedures in accordance with maritime regulations including adherence to the MLC; • Maintaining a proactive relationship between the crew, shore-based team and yacht owner; • Listening to and responding to feedback from the crew; • Providing trusted shore-based support and advice for the yacht owner and crew; • Monitoring crew qualifications, training and the hours of work and rest they receive; • Encouraging the correct use of a crew handbook.
Learn more about Sarnia's crew employment and payroll services. It is up to the industry to demonstrate to owners and their wealth management team the benefits of professional and specialist yacht management. It is also important that together the team can manage client expectations and guide them toward achievable outcomes. If you would like to talk to our team about yacht management support, please get in touch.

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