Diploma in Superyacht New Builds

AN INTRODUCTION TO SUPERYACHT BUILDING

• General background to the Superyacht industry

• Design, Contract and Tender

• Construction

• Buying a superyacht to refit

• Classification

• Flag State

• Builders and yards

BASICS OF PROJECT MANAGEMENT

• Starting - Beginning and controlling a project

• Understanding the four phrases of a project

• General management of a project

• The basics mechanisms involved in project management

• Creating and maintaining schedules

• Managing the team

• Project manager - health & safety responsibilities

• Agile project management (APM)

• Why successful projects can fail

CONTRACT LAW

• Contract - the fundamentals

• Offer and acceptance

• Consideration

• Intention to create legal relations

• Formalities

• Third parties

• Vitiating factors

• Contract - the terms

• Implied terms

• Interpretation

• Exclusion clauses and limitations of liability

• Variations

• performance, discharge and breach

• Consequences of breach

• Letters of intent

• Yacht construction agreements

• Waiver and the right inspection

• Entire agreement clauses

• Time of the essence, delay, force majeure and the prevention principle

• Liquidated damages

• Dispute resolution

MANAGING EXPECTATIONS

• Managing the owners expectations

• Reporting to the owner effectively

• Your role and the responsibilities as the owner’s representative and Captain

• Maintaining a good relationship with the buildyard and sub-contractors

• Quality Assurance and Quality Control Systems

CHANGES AND CHANGE ORDERS

• External influences

• Cost and time impact

• Contractual issues

• Documenting change orders, cost impact and timeline management

• Record keeping

• Meetings and minutes

• Notes of protest

BUILD PROCESS

• An overview of the building process

• Materials selection and management of suppliers

• Selection of sub-contractors

• Direction and control of sub-contractors

• Owner supplied equipment

• Personnel management - when to bring in the crew

• Specialist help

ACCOUNTANCY AND PAYMENTS

• Financial policy

• Bookkeeping

• Accountancy

• Budgeting

• Costing

• Cash Management

• Internal controls

• Auditing

• value Added Tax

• Corporate ownership

• Anti-money laundering

• Payment terms and stage payments - disagreements

BUILDING THE YACHT

• Hull

• Engine

• Systems

• Interior

• Paint

• Toys

• AV

• Rigging & Sails

• Safety equipment

• Safety Management Systems

• The build to cruising transition

• Planning the operation of the yacht

DOCUMENTATION

• Build process documentation

• The importance of a paper trail

• Record keeping change orders, work completion and sign off

• The role of the class flag surveyors in the process

• Documentation of disagreements

• Quality control

• Stage payment

PROJECT COMPLETION AND ACCEPTANCE

• Fault finding and the snagging list

• Commissioning and basin trials

• Sea Trials

• Handover and delivery

• Warranty and guarantee period

• Pitfalls of the first season