Charter & finance
What is a yacht operating budget?
A yacht operating budget is the yearly plan of what it costs to run a yacht: crew, maintenance and refit, insurance, berthing, fuel, management fees and other running costs.
Owners and management companies use it to agree on spending at the start of the year and to track actual costs against it month by month. The largest lines are usually crew costs and maintenance, with refit and yard periods causing the biggest swings.
A useful budget is broken down by category and month, separates planned from unplanned work, and is compared with actual spending at least monthly so surprises are caught early.
Related terms
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