SHIP MANAGEMENT

ACCOUNTING & FINANCE

Depending on the size and duration of the project, we can offer a selection of specialized owned assets or provide alternatives through our brokerage network.

“Preparation of annual budgets and execution of monthly performance tracking helps us identify variances and trends with the same certainty as our own vessels.”

Why ASSET V?

Budgeting

We work in partnership with the vessel owner or operator to develop and execute operating budgets.Our account personnel have extensive experience that allows them to provide an accurately predicted budget, set-up an appropriate accounting system, and analyse expenditure. We provide a realistic operating budget based upon our assessment of the Yacht and its planned usage. We train Captains to familiarize them with the procedures. We arrange for delivery of Vessel funds to the Yacht and payment to suppliers. We also monitor all expenditure and supply detailed and transparent monthly/quarterly accounts to the Owners.

Quality Assurance

Our Team is richly experienced in all aspects of Yacht Management. Our specialists will guide and support Owners and Captains in rules and regulation, technical issues, fiscal administration, and commercial awareness.

Fiscal Support

Our Yacht Management experts have hands-on experience and knowledge of tax, legal, and customs issues related to yachting. Our team is well versed in the difference between EU regulations and international taxation, and our services are custom-made to ensure Owners’ operations are compliant whatever the itinerary and jurisdiction.

Administration & Tax

We also attend to contract administration functions including re-billing, documentation management and tax reporting.