Charter Management

Yacht Charters Co. Ltd. is one of Thailand’s leading charter companies, managing an extensive fleet of yachts. Backed by a team of highly experienced and skilled professionals, our charter managers are experts at positioning your yacht to maximise your revenue.

Our yacht charter management in Thailand offers an excellent opportunity for yacht owners to generate significant revenue by renting out their vessels. With Phuket being a top destination for yachting enthusiasts, a well-managed charter operation can maximize profitability while maintaining the vessel’s quality and reputation.

Do you own a yacht but aren’t able to use it as much as you would like?

Many yacht owners often experience periods of months when they can’t spend as much time on board their yacht as they would like. Instead of leaving the yacht idle in port with a full time crew on payroll, offering it for charters is an excellent way to keep it active and well-maintained and even generator revenue.

One of the key aspects of yacht charter management is optimizing the yacht’s availability. This involves efficiently managing bookings and balancing the owner’s private use of the yacht with charter operations.

Marketing plays a vital role in earning revenue for yacht owners. Our professional charter management team ensures that the yacht is promoted through the right channels, such as luxury travel agencies, yachting websites, hotels & villas and social media platforms, to ensure reaching the right audience.

What advantages do I gain from chartering out my yacht?

Here are several advantages of chartering out your yacht:

• Offset operational costs: Chartering your yacht generates revenue that can help cover running costs such as maintenance, fuel, crew salaries, and dockage fees.
• Efficient use of downtime: Instead of leaving your yacht idle when you’re not using it, chartering keeps it active and in top condition.
• Professional maintenance: Your yacht is kept in pristine condition through regular upkeep by a professional crew during charters, ensuring it’s always ready for your personal use.
• Maximized investment: Chartering allows you to turn your yacht into a revenue-generating asset, helping to offset its depreciation over time.
• Crew retention: Offering your yacht for charters can provide steady work for your crew, improving retention and maintaining consistency.
• Increased exposure: Chartering gives your yacht exposure to the market, which can enhance its reputation and potentially increase its resale value.
• Flexibility: You can choose when to make your yacht available for charter, ensuring it’s still accessible for your personal use when desired.

Ultimately, our yacht charter management in Thailand offers a seamless solution for yacht owners, allowing them to maximize their yacht’s revenue potential while maintaining the vessel in top condition.

In the yachting industry, the charter management is a common structure used to streamline the management, marketing and bookings of yachts. Here’s how it works:

1. Exclusive representation

A yacht owner appoints us as their charter management company to be the exclusive representative of the yacht. Our management team is responsible for the daily operations including marketing and booking processes.

2. Key responsibilities

Our team takes on several key tasks to ensure the smooth operation and promotion of the yacht:

• Marketing and promotion: We handle all advertising and promotional efforts across various platforms, including listing the yacht on relevant charter or sales websites.
• Sales and charter management: We actively pursues potential clients, answering inquiries and negotiating deals.
• Booking coordination: We manage all bookings and work directly with sub-agents, travel agencies, hotel, villas or clients to secure charter contracts or sales.
• Crew and operations management: We oversee the crew and daily yacht operations, ensuring that the yacht is maintained and ready for charters.

3. Sub-Agent network

While we manage the overall process, we also work with a network of sub-agents or brokers who bring in additional clients. Sub-agents promote the yacht through their own channels, expanding the reach and potential bookings.

4. Commissions and fee structure

• Our Management company earns a commission on each booking, typically 10%, on the yacht’s total charter price. This commission compensates us for handling all aspects of the charter management such as marketing efforts and booking coordination.
• Sub-agents who bring in clients are paid a higher commission, typically 15%, which comes out of the total charter price.

5. Commission structure example

• Charter price: 100,000 THB
• Our management commission: 10% = 10,000 THB
• Sub-Agent commission: 15% = 15,000 THB
• Yacht owner profit: 75% = 75,000 THB

6. Benefits to the yacht owner

• Efficient inquiry management: The CA ensures that all inquiries from potential clients are responded to quickly, which is critical in the competitive charter market.
• Increased bookings: By leveraging our extensive network and expertise, the yacht owner can expect more frequent and higher-quality bookings.
• Professional handling: We ensure that each charter is executed professionally, including managing all logistics like provisioning, client interactions and crew coordination.

The yacht management model is widely used in the yachting industry as it simplifies the operation for yacht owners and maximizes the yacht’s revenue.

With our yacht charter management service, your yacht becomes part of our charter fleet. We will handle all aspects of marketing including managing inquiries and bookings, preparing the yacht for charters, handle the provisioning, conducting handovers and performing post-charter checks and cleanings.

Yacht Charter Management helps you maximize the benefits of your ownership while ensuring that your yacht contributes significantly to covering its costs when you’re not using it.

1. Basic charter management package

Our basic charter management packages is suitable for yacht owners who have a permanent captain and engineer on their payroll.

Vessel until 50FT of length:

Monthly fee = 700 THB per FT
Commission per booking = 25% of the charter price

• Our Management company earns a commission on each booking, which is only 10% on the yacht’s total charter price. This commission compensates us for handling all aspects of the charter management.
• Sub-agents who bring in clients are paid a 15% commission. This will be paid by us out of our 25% management commission.

Our management covers the following expense:

• Marketing (including paid advertising)
• Booking management
• Charter management
• Back Office work
• Assistance with crew management
• Provisioning Management
• Catering Management
• Passenger Accident insurance
• Post-charter yacht cleaning & laundry
• Repair & maintenance assessment

The yacht owner covers the following expense:

• Yacht insurance
• Yacht licences
• Monthly berthing fees
• Maintenance & Repairs
• Fuel
• Crew
• Food and Beverage for charters

Charter pricing structure example

• Example charter price: 100,000 THB
• 10% management commission: 10,000 THB
• 15% sub-agent commission: 15,000 THB
• 75% yacht owner revenue: 75,000 THB

Out of the 75,000 THB the Yacht owner will cover the following charter expense:

• Fuel: 15,000 THB
• F&B: 10,000 THB

Which leaves the owner with a profit of 50,000 THB per charter.