What Makes an Independent Owner’s Representative?
Introduction Large yacht and commercial vessel projects rarely become difficult because of the engineering alone. As complexity increases, every important decision begins to influence several disciplines at the same time. A design revision may affect structural...
Why Good Projects Start Slowly
Start With the Project, Not the Shipyard One of the most common mistakes in vessel conversions and major refits is starting with the shipyard rather than the project itself. Once a suitable vessel has been found, it is tempting to move directly into engineering and...
Why Every Yacht Refit Needs an Insurance Strategy
Risk Changes the Moment the Vessel Enters the Yard for Refit Owners preparing for a refit naturally focus on engineering, budgets, schedules and shipyard selection. Yacht refit insurance, however, often receives far less attention. A refit does not simply change the...
The Sunk Cost Fallacy: When Good Decisions Become Bad Investments
Introduction Looking back, the warning signs often appear obvious. Decisions that seemed entirely rational at the time suddenly become difficult to explain, leaving owners, investors and project teams wondering how a promising project could have drifted so far from...
One Verification Could Have Prevented a Six Figure Reconstruction
When the Vessel Told a Different Story During an onboard visit for a potential conversion project, something did not add up. The vessel, the available drawings and the project documentation were telling different stories. Different drawing revisions showed different...Navigeer naar Mermarine
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