A business relationship of this kind enables you to become the owner of a new or used vessel yet ensure costs are already covered. Such an arrangement allows you to avoid the heavy expenses every vessel owner would normally be burdened with directly. Should you already own a vessel, signing a contract with AC will bring you peace of mind as we take care of your pride and joy.

Potential clients often make the mistake of assuming that a Yacht Charter Management arrangement is a money-making business opportunity. This is not the case. Charter management enables vessel ownership without major investment and allows you to cover the greater portion of leasing and vessel maintenance overheads with booking generated income.

a) Choose the Bavaria Yacht model you wish to purchase

Our experts will help you find the best deal, select the necessary options and equipment, as well as the best yacht financing model for you. We also take care of the import and delivery of the vessel, and equipment installation once the boat is in Croatia. Send your enquiry to office@adriatic-challenge.com

b) Select an appropriate financing model

If don’t have the capital to cover the full purchase price of the vessel, we suggest financing via one of the renowned Croatian banks or through a leasing company. Our experts will recommend the best model for you, as well as reliable partners you can count on.

c) Register your company

Open and register a Croatian company (d.o.o.) with an OIB (VAT registration number) and a head-office in Croatia. The company must be registered for on-board vessel accommodation. It may sound complicated, but the procedure is quite simple, and AC can assist you with the registration process. Company registration fees amount to cca. 4000€.

d) Have your Yacht Charter Management contract notarized

We will take care of the rest!

If you don’t have the capital to cover the full purchase price of the vessel, we suggest SAILBOAT FINANCING via one of the renowned Croatian banks or through a leasing company. Our experts will recommend the best model for you, as well as reliable partners you can count on.

In order to sign a Yacht Charter Management contract you need to have a Croatian limited liability company registered with an OIB and a head-office in Croatia. The company must be registered for on-board vessel accommodation. It may sound complicated, but the procedure is quite simple, and AC can assist you with the registration process. Company registration fees amount to cca. 4000€. An individual (i.e. person rather than a legal entity) cannot sign a Yacht Charter Management contract.

For more information send your enquiry to office@adriatic-challenge.com

Once the Yacht Charter Management contract has been signed, the vessel owner transfers power of attorney as well as complete vessel documentation to AC.
Necessary documentation:

• Signed annual mooring contract
• Annual “use of coastal waters” permit issed by the local authorities
• Insurance policy certificate
• Registration certificate
• Navigation license for commercial yacht (Croatian Registry of Shipping)
• Marine radio license(s)
• Safety-raft certificate (renewed annually)

Should you opt for a package that includes booking services as well as maintenance and repairs, AC will sell on-board accommodation, take care of bookings and payments, as well as provide other YACHT MANAGEMENT services such as guests’ reception, cleaning of the boat and any necessary repairs.

If you choose to go with just maintenance and repair services package, the whole process is much simpler.

• Annual mooring costs in the marina
• Permits and licenses (Concession, Navigational license and Certificate of registration, Marine radio license, Safety-raft and fire extinguisher certification)
• Vessel insurance policy
• Spare parts
• Winter maintenance, conservation and repair services
• All costs, except for those incurred with the initial registration, can be covered through booking-generated income

• Administrative costs
• Vessel cleaning
• Underwater hull inspection at charter check-out
• Gas bottle refills
• Check in / out operating costs
• AC personnel salaries
• Office and use of storage facilities
• Centralized booking system
• Advertising in AC marketing campaigns

• Deck, bilge and engine area cleaning
• Antifouling paint, hull waxing (materials, crane, 4 days on dry dock with labour costs included)
• Cleaning and disinfecting water storage tanks
• Underwater hull openings and valves checks
• Zinc anode change
• Annual outboard engine maintenance and repair
• Dinghy inspection cleaning and maintenance
• Wooden interior maintenance and polishing
• Annual engine maintenance (filter, oil and zinc anode change)
• Inspection of all electric and electronic appliances including refrigerator
• Pump checks (water, bilge, shower, toilet etc.)
• Battery check
• Steering gear inspection
• Inspection of side and deck hatch seals
• Airing the boat, running the engine, generator and desalination mechanism once a week during the winter period
• Regular checking of moorings
• Full after-winter cleaning (interior and deck)

Once you sign a Yacht Charter Management contract for booking and maintenance and repair services, Adriatic Challenge is responsible for:

• exposure of your boat on our network
• all administrative tasks (bookings, payments, accounting)
• vessel maintenance and repair services during the charter season
• reception services at AC’s base
• cleaning services during the charter season
• winter storage and maintenance services

Damage repair costs are covered by the insurance policy or the charter client responsible for it.
Repairs are done by AC or a third party, depending on the nature of the necessary repairs.
The owner bears the costs of equipment which fails (and is beyond repair) due to wear and tear, such as sails, refrigerators and ropes.

Buy a boat through AC and our experts will help you:

• find the best SAILBOAT FINANCING model
• open your company in Croatia, registered for on-board accommodation
• import and equip the charter vessel
• obtain all necessary permits and licenses

• Adriatic Challenge is a company built on years of experience in high-quality maintenance standards, which ensures your boat’s value is preserved despite its age
• excellent results in charter booking, with boats fully booked 22 weeks a year
• import / accounting / YACHT FINANCING advice and support
• annual boat moorings in an attractive location  – Marina Kornati in Biograd
• exposure of your boat on our network of 1000 booking agents and database of loyal clients
• extensive experience in Bavaria boat maintenance
• claims processed speedily throughout warranty period
• cooperation with quality partners in finance, insurance, service and repairs
• professionalism in all aspects of our business

AC BASE SERVICES are CHARTER MANAGEMENT CROATIA services provided by Adriatic Challenge, such as organization of on-board accommodation, reception services, check-in / out coordination, administrative work and repair services, all in accordance with Croatian law. Our clients benefit from the use of the AC office, storage and service facilities and AC personnel’s experience and skills.

Simply put… AC charges for its services by sharing the net income, where 80% goes to the owner, and 20% to AC (for commercial bookings). Net income for Owner’s selected dates is shared 95%-5%. Net income is the booking generated income after all discounts (as per price list rules), commission (paid by AC to the agencies) and VAT have been removed.