FREQUENTLY ASKED QUESTIONS
Yacht Sales
Yacht Management
Term Charters
Charter Crew
COVID-19
Yacht Sales
Who should I contact to get the process started?

We're proud to announce our Co-Founder, Hank Hampton is one of the leading certified Yacht Sales Brokers in the industry. With years of experience, not only behind the desk, but behind the helm, he's well-versed in all of the efficient solutions when it comes to purchasing and selling these vessels. He can be reached at 1 (760) 214-8561 or Hank@paradiseyachtmanagement.com.

Does it cost me more to purchase through a broker?

The seller pays our commission, which is already built into the sale price. There are no broker fees paid by the buyer.

Who do you represent? 

If the buyer has hired us, though we are paid by the seller, we represent the buyer. If you hire us to sell your yacht, then we represent the seller. We cannot represent both parties at the same time. 

When do I take possession of the yacht? How long does it take?

At closing, ownership is transferred to the buyer and the sale price is given to the seller – the same as when you purchase real estate. On a standard brokerage deal, the closing date is approximately two weeks after the seller signs the acceptance.

What if I don't sign the acceptance by the date specified in the contract?

The seller can cancel the contract and it will be null and void.

How long does the seller have to respond to my offer?

The standard timeframe is one day – 24 hours. The owner either accepts the offer by signing the contract, counter offers by crossing out the buyer’s offer price and writing in the counter offer price, or rejects the offer all together.

What is the most common mistake when buying a yacht?

Hiring the correct yacht broker is crucial and will take care of the many hidden details that only experienced and ethical brokers know how to navigate. Working with a brokerage that has a solely economical interest may sound very enticing up front but will eventually come back around to negatively effect your bottom line. We are in a position to assist potential buyers in focusing on the type and size of yacht to suit their proposed needs, as well as their budget, without a commercial advantage in steering them in the most profitable direction.

How do I know which yacht is right for me?

Feel free to contact us at anytime to discuss your needs that you are aware of and we will hone in on elements that you may not be aware of to make the perfect decision. 

What is the difference between the inspection, sea trial and survey?

The survey is usually an out-of-the-water examination of the vessel from stem to stern. The examiner provides a comprehensive written opinion on the condition of the yacht, which can run hundreds of pages. It covers everything imaginable from serious problems with the hull to minor notations of an out-of-date fire extinguisher. Copies of the survey report are provided to your financial lender and insurance carrier for their review. This gives them the condition of the vessel, its replacement value, and the surveyor’s determination of its market value.

What if the yacht needs repairs found during the survey?

The seller is not obligated to make any changes or repairs to the vessel until after the acceptance document is signed by both parties. Why? Because the buyer can still back out of the deal until that point. Also, we may be able to negotiate any problems or repairs into the final sale price.

What can I expect from your administrative team?

Our experienced team will guide the buyer through the complex process of acquiring a yacht and advise on the corporate structure best suited to the particular yacht ownership to minimize exposure to taxation and maximize the functionality by analyzing the following: the yachts VAT status; financing requirements; flag administration and mode of operation; international rules and regulations; requirements for crew welfare and; the nationality and residential status of the yacht Owner.

From your experience chartering in the Virgin Islands, what is the size yacht to purchase for optitmal ROI?

Over years we have done the research and seen first-hand which type and size of yachts perform the best. However, the correct matching of a crew to that vessel is key to have a very successful season. We discuss this in great detail in our proprietary presentation.

How much deposit must I make, and when do I need it?

Your deposit must accompany the signed offer contract or be in escrow. The acceptable deposit amount is 10 percent of the offer price.

What is 'Acceptance'?

It is a document the buyer signs after a thorough inspection of the yacht, usually two weeks from the signing of the contract. This document locks in your deposit. By signing the document, the buyer is guaranteeing he/she will purchase the yacht. If you back out of the deal after signing the acceptance, the seller keeps your deposit.

What if I don't sign the acceptance by the date specified in the contract?

The seller can cancel the contract and it will be null and void.

What are some examples or problems I can encounter during the sale process?

    There are always could be some type of hidden or undetected defect in a yacht. Our pre-purchase efforts (i.e. inspection, sea trial and survey) should discover any problems that may exist before you sign the acceptance. If it’s possible to locate an existing problem before the sale, we put our best efforts forward to do so. If the sale price is a rock-bottom price, is being sold “as is” or below market value, or the seller is in distress, nothing you do before the purchase will impact the final sale price. Though the inspection, sea trial and survey are still required by lenders and insurance carriers, their results will not give you leverage to negotiate a better deal. You even may find that, if you still wish to purchase the yacht, you will have to make any needed repairs yourself. These are all things that must be considered before signing the acceptance. Lastly, A hidden lien could be missed during the title search. We use all of our resources to ensure you don’t encounter such problems after the sale and will be with you every step of the way. 

    Yacht Management
    What is yacht management?

    A Yacht Management Company is a shore-based operation that supports all aspects of the yacht charter industry to ensure guests have a vacation of a lifetime, owners have great returns to offset expenses while enjoying the yacht lifestyle, and for crew to have an exciting and rewarding career.

    What are the benefits of putting my yacht in management?

    Charter yachts based far from the owner's home expose them to challenges with communications, logistics, regulatory compliance and potential financial issues. Even if the owner resides in close proximity to their yacht, the administrative resources required to manage the complexities associated with maintenance and repair contracts, insurance, warranty, local regulations, crew management and accounting will benefit from specialist, dedicated management. A yacht manager will undertake technical management, crew management and day-to-day operational management of the yacht, in close co-ordination with the captain and chef.

    Do you offer fleet insurance?

    Yes, MHG Insurance handles our fleet's insurance. Please contact us for further information.

    How many years have you been in business? How did it start?

    Our Co-Founders Hank and Steve met in the USVI several years ago running charters on their own boats and noticed an integrity issue in the industry. They found a need for a quality and respectable charter yacht management company. Between Hank's corporate background and Steve's business skills they started Paradise Yacht Management in 2015. From 2 boats to now over 30, we are the largest exclusively crewed charter yacht management company in the Caribbean.

    As a current yacht owner, what services do you provide?

    Ready to offset those yacht ownership expenses? We offer everything that  yacht management entails such as crew recruitment and coaching, maintenance, operations and admin, accounting and finance and marketing to ensure a successful charter season and ROI. View the details of our services here.

    What else can you assist with?

    We can help with setting-up of a corporate structure for ownership, minimizing tax and VAT exposure, most suitable flag administration under which to register the yacht, legislation concerning crew employment, marine finance, insurance policies for the yacht's hull and machinery, public liability and crew medical.

    What is the CVLA licensing and why do I need it?

    On 8th December 2020, the US Coast Guard announced a further guidance to section 319 of the “Howard Coble Coast Guard and Maritime Transportation act of 2014 (Pub. L. No.113-281 (S.2444)” with regards to Uninspected Passenger Vessel Operations within the USVI. Vessels under 24 meters may now carry up to a maximum of 12 passengers if they receive a Certificates of Inspection from the USCG or letters of compliance/ Small Commercial Vessel Certificate (SCVC). All of our charter yachts are CVLA approved and legally able to conduct charters in the USVI. For more information :https://mycvla.com/

    What is a DPA?

    Although not required for charter vessels less than 500GT, we do have a DPA in charge of operations and safety while vessels are underway. A DPA is a Designated Person Ashore that provides a link between the Managing Company and those on board the yacht that is on call for emergencies and much more.

    I'm interested in yacht ownership, but where do I start?

    From purchasing your vessel to converting it to a charter yacht to upgrading when the time comes to sell, we consider ourselves to be 'all inclusive' when it comes to yacht management. Our staff is standing by ready to answer all your questions. You can contact us here.

    Does my yacht NEED management?

    Legally, any charter vessel under 500GT does not need to be managed. However, we have first-hand experience of owners that came to us after attempting to run a charter business on their own. It takes an experienced team to navigate all the details of running a successful charter season. 

    Does the crew live aboard?

    The majority of our crew do live aboard the vessel. In this industry it is extremely beneficial to have a full time crew live aboard for charter efficiency, maintenance, and safety in the event of an emergency. We encourage our crew to treat your vessel as if it is their own and is always in charter ready condition.

    How does the off-season delivery typically work?

    Depending on the contract details, we coordinate either with the current crew or a third party to deliver the vessel to its safe haven for the offseason. We will also do the same for the return passage to get prepared for the charter season.

    Where do you recommend hauling out during hurricane season?

    We typically use three locations to keep your vessel out of harms way in Hurricane season: Puerto Del Rey in Puerto Rico, Clarkes Court in Grenada and Tyrell Bay in Grenada.

    Term Charters

    Can we go to the B.V.I.?

    Due to the British Virgin Islands' COVID-19 restrictions, entry by charter is not feasible. The BVI Government will not allow U.S. visitors to travel into the country or its waters by charter vessel.

    Can you recommend somewhere to stay on island before the charter?

    Our main goal is your satisfaction and what is more satisfying than waking up knowing you’re about to embark on a week-long paradise vacation? All of our charters have the option to sleep aboard the night before your charter. Avoid the stress of having to find a hotel and transportation the day you arrive by staying on the boat the night before. The terms and pricing are unique and will be listed on each of the yacht brochures. 

    How early should we get to the airport when we leave at the end of the charter to head home?

    During the Holidays, it is recommended to get to the airport 3-4 hours prior. During non-peak times, 2 hours will suffice. Bringing a carry on definitely recommended and due to the fact that you will be on a luxurious yacht in the warm Caribbean, overpacking is not needed.

    Can we bring our children?

    Of course! Our charters are mostly design for older kids and adults to enjoy, but please feel free to enquire if you will be boarding with children under 5 and we can accommodate!

    Do the crew sleep aboard?

    Yes, of course! They will be there 24/7 to cater to anything you need if desired. The have their own crew quarters and can adhere to any privacy requests you have. This is beneficial, not only for your overall vacation experience but for your safety as well.

    Will I need a U.S. Passport?

    No. The USVI is a territory of the United States. You will not need a passport to enter, including when sailing to St. John or St. Croix.

    What airport do we fly into?
    Which marina do we meet at?

    You will be flying into Cyril E. King (STT) on St. Thomas, USVI. There are two main marinas we sail out of, both on St. Thomas. Yacht Haven Grande (YHG) in Charlotte Amalie and American Yacht Harbor (AYH) in Red Hook. YHG is closer to the airport and more developed, so that is usually the preference, but if you wanted to come in the night before and explore the local scene, Red Hook has more of a night life and restaurants. The crew can help arrange a taxi to meet you at the airport and take you to the yacht and then throughout the trip the boat will take you ashore using their dinghy/tender.

    Can we sleep aboard the night before our charter?

    Our main goal is your satisfaction and what is more satisfying than waking up knowing you’re about to embark on a week-long paradise vacation? All of our charters have the option to sleep aboard the night before your charter. Avoid the stress of having to find a hotel and transportation the day you arrive by staying on the boat the night before. The terms and pricing are unique and will be listed on each of the yacht brochures. 

    What time should we expect to get on and off the boat?

    Charters are 7 nights (8 days), noon boarding to noon disembarkation. Please enquire if you need other arrangements and we will do our best to adhere to your travel schedule.

    How customizable is my charter?

    Extremely! Each day is totally customized based on what your party likes to do. You will fill out a preference sheet and have a pre-charter phone call with the crew so they can customize menus and itineraries based on your desires. The itinerary can also change on the fly based on weather and your day-to-day preference.

    When is the best time to charter in the Virgin Islands?

    The weather anytime during the season will confirm our guarantee; a vacation of a lifetime, but there are some months that bring great value. December through May are absolutely beautiful with January through March being exceptional. In the summer, the yachts transit out of the Caribbean Hurricane Belt August thru October to avoid Hurricanes. 

    How reliable is internet and cell service on the yachts?

    There will be aboard Wi-Fi available, but it is not suitable for HD streaming. You should have cell service everywhere besides some parts of St. John. However, there's not a better place and time to really disconnect!

    What facilities will be aboard?

    You will have your own cabin with private en-suite facilities (some of the smaller yachts may have shared bathrooms). Yachts come fully equipped with AC, water-makers, some have ice-makers, TV and music entertainment systems, as well as onboard games. 

    Are there ATM's there?

    Yes, we have ATM's, but no US mainland banks. It is always a good idea to let your bank know you are traveling to avoid and inconveniences. Most of the places you will come encounter with will also accept any major credit card. 

    What's the weather like there?

    The temperature ranges from the 70's in winter to the 90's in summer. The sea temperature is usually around 80 F. The prevailing winds are the trade winds (from the East). There's a slight wind shift to the North in winter with wind speeds of 15 - 20 knots. In the Summer, the winds shift to east south east and blow 10 - 15 knots. Christmas Winds are stronger winds that may blow for several days at a time, anytime from December through February. Also, there really is no rainy season. We usually have short bursts of showers and blue sky quickly follows with the exception of Hurricane Season. Most of the time, conditions are perfect. Nothing short of paradise!

    What are the meal plan options? Can you accommodate my dietary requests?

    Most charters are ‘FULL BOARD’ meaning all meals on board the yacht, but we also offer:
    • HALF-BOARD OPTION: Includes 7 breakfasts, 4 lunches & 3 dinners, happy hour canapes, standard ships bar and snacks. 

    • LOCAL FARE OPTION: Includes 7 breakfasts, 5 lunches & 6 dinners, happy hour canapes, standard ships bar and snacks. Any onshore meals are additional. We absolutely can abide by your dietary restrictions and desires. Your chef will be able to create a menu to suit everyone in your group. Whether you are Kosher, vegan, or one of your party is gluten or lactose intolerant, your Chef will cater to your group’s individual needs. Our focus is on fresh local ingredients when possible, and all types of diets are expertly catered for.

    Should I bring sunscreen?

    All of our charter yachts come with an ample amount of island-living supplies, including sunscreen but if you would prefer to bring you own it must be the lotion type and is reef safe. NEVER buy spray on sunscreen or Coppertone products as they will yellow the deck of the boat and make it very slippery. We prohibit the use of these products on our vessels due to the damage they cause. Also, avoid sunscreen with self-tanner or bronzer as those will damage the boat as well. In the USVI, there is a ban on sunscreens containing the Toxic O's that damage reefs.

    What should I pack?

    Please remember to travel lightly. One soft sided duffle bag is the most you will need. Space is very limited on most sailing vessels, so you will not want to utilized that space with hard-sided or bulky luggage. Most of the time you will be in a swimsuit and cover-up or t-shirt and that is perfectly acceptable during the day at pretty much every place you will want to play or dine. One or two ‘nice’ outfits will be all you will need but avoid denim because it just takes too long to dry. A simple collared shirt for men and sundresses for the ladies is fine Also, please do not use a hairdryer of any other stylers aboard any of our yachts as the electrical systems can not take it.

    What do I not need to bring?

    ANY amount of illegal drugs on board, which includes marijuana, even if you have a medical marijuana card. This can lead to termination of the charter, confiscation of the boat which is our home & business, and land us all in jail. We will supply you with all the water toys, including snorkel gear. We have fins, masks and snorkels aboard, and you can rent any gear you need down here. We recommend that you bring your own mask and snorkel if you have them, as this tends to be the best fitting gear. We provide reef-safe and an environmentally friendly sunscreen in SPF 50 that you are free to use. If you do prefer to bring your own, please consider a sunscreen with mineral ingredients (titanium dioxide and zinc oxide) which are less harmful to corals and reef life. Bath & Beach Towels - we provide both for each guest. We will supply a fresh set of towels mid-charter. Eco-Friendly Bath Soap, Shampoo & Conditioner are provided in each shower. Some guests prefer to bring their own which is totally up to you. Whatever you decide to pack, be sure to bring along all of the items that are going to make sure you are comfortable.

    Charter Crew

    Do we live aboard?

    Most of crew do live aboard the vessel. We encourage a balance of making it your home, guests spending a week on it and respecting that it is the owners property. If you prefer to live on land, that can be managed as well.

    Will I/we have a cabin to sleep in?

    Yes, we market the yacht as having one less cabin from factory to factor in the crew quarters. If you and your mate prefer to sleep in the same cabin, it will be a full size cabin or bunks. If you prefer separate quarters, it could consist of a midship cabin and a forepeak.

    Do I have to be have a college degree in culinary to be considered?
    For a chef, a culinary degree goes a long way, especially in marketing, but it is not required to work on our vessels. We do however, need proof of a sample menu and previous food photos prior to hire.
    Do I need to be a US citizen to work in the USVI’s?

    Unfortunately, we are only accepting CV's for US passport/American Citizen's or with a valid US Green Card. The B1/B2 Visas will not qualify as we are unsure if the BVI's will re-open for charter. 

    Where can we go when we are not on charter?

    We encourage our crews to enjoy and explore the area when they are not on charter to be able to show guests a great time when they are. Showing guests your favorite or secret spots go a long way towards their experience. We advise our crew to always be close by and charter ready in case of a last minute situation that requires you to be local. This mainly includes anywhere around St. John and St. Thomas. 

    Will we have to be under contract? If so, for how long?

    Yes, typically our crews are under a 2 year contract with us and the vessel. We are very understanding and flexible if adjustments need to be made. Feel free to inquire about your constraints.

    Do you ever use freelance crew?

    We have hired freelance crew in emergency situations, but we prefer crew under a 2 year contract. Guests and brokers love to see crews with a history on the yacht, which leads to an increases in reputation, charters and tips.

    Do I need to own a car?

    Crews that live aboard full time rarely own a vehicle. There are pros and cons.  For provisioning, taxis are mostly used or borrowing a friends car. The final decision will be your preference. 

    COVID-19
    Whats is the current procedure to enter the USVI?
    What happens if a crew tests positive right before our charter?

    If a crew member tests positive for covid before the trip, we will try to find a suitable substitute crew or yacht.
    If no substitution can be found, we will try to reschedule. If a reschedule is not possible, we will refund.

    Are we required to wear a mask on charter?

    You may wear a mask if you please but you will not be required to. The crew will also abide by any requests you may have regarding wearing a mask & distancing. Your safety is our top priority.