Daniel Korth
Yacht owner and our friend

My name is Daniel Korth. Together with Markus Söfje, I am a managing director and founder of the charter agency Auszeit-yachtcharter. Besides the agency business, we operate our own yachts in the Baltic sea and Croatia. In the operation and maintenance of our Croatian yachts, we have been successfully working with Croatia Yachting as a partner for 5 years now! 

I have sailed in many areas in Europe and after a short break, I’ve been going back to Croatia regularly. Last year only, I’ve been in Croatia for about 5 times, though not always for sailing. Commitment and friendliness of Croatians is something that always makes me happy.

Markus and I got our first Hanse yacht in the Baltic sea, and after that, we wanted to continue the investment by creating our fleet in Croatia. The most important thing for us was to find a reliable partner, who has experience with Hanse yachts because we cannot be in Croatia all the time. Combining business with pleasure, we sailed in Croatia and also explored different charter operators and their approach to charter clients. 
The first thing we realized that the yachts operated by Croatia Yachting were well equipped and in excellent condition. So, we decided to contact them. Already during the first conversations, we had a good feeling. We were directly offered the contacts of other owners to get the information about the process and the quality of Charter Management from the owners’ perspective.

Of course, we had some concerns, the biggest ones being:
•    Is the partner reliable in terms of maintenance and care of the boats?
•    How clear and fair is the accounting regarding the maintenance and repair of the boats?
•    How does the payment work?
•    How is the utilization of the boats?
•    What do I have to consider regarding Croatian VAT?

All these questions were answered in advance and we were not disappointed in the aftermath. 
The utilization of the boats – booked charter weeks, corresponds to the forecasts in the Charter Management Program, and often there are even more charter weeks. Also, Croatia Yachting has given us a lot of support in refunding the VAT.

The Charter Management program process with Croatia Yachting is very professional. We had support in all areas and steps during the process, from the configuration and the order of the boats up to the charter management, everything runs as discussed in advance. Small problems or questions are solved or answered directly. 

It’s important to us as owners to be able to use our yachts regularly, and this is very simple. At the beginning of the charter season, we inform Croatia Yachting about the weeks we would like to use. Then, the boats are blocked for this period, so they are not offered for booking to charterers. All we have to do to make that happen is to fill in a pre-designed form. Also, if there are some gaps in the bookings of the yachts, it’s possible to make your last-minute owner booking at any time! 

We are very satisfied with this program as the booking results and the condition of our yachts fully meet our expectations. That is why we are planning our 4th Hanse yacht with Croatia Yachting.

The forecasted booking weeks are reached every year so far. The sailors who are designated to take care of our yachts do a very good job. Plus, they are always available for us as owners, listen to our wishes and changes, while all of the technical issues are taken care of immediately. 
Also, the cash flow is very clearly displayed in the Nausys booking database. We always have control over the revenue and it’s quite simple for us to prepare a monthly invoice of the achieved charter revenues. The Charter Management forecasts predict the maintenance costs accurately and all the guarantee and deposit claims are handled by Croatia Yachting, so we don’t have any complications to deal with.

Our sailing team also participates and competes at the Hanse Cup Adriatic regatta that takes place each year! The slogan of the event says it all - 3 days of sailing and fun! Every year it is great to meet teams from all over the world at the Hanse Cup and to sail against each other without taking the whole thing too seriously. It is a nice event for sailors with regatta experience as well as for regatta beginners. There is nothing more beautiful than to exchange beer and wine with the other sailors after a race day at the jetty and to talk and laugh about the exciting and funny events of the day.

In conclusion, from my point of view, the Charter Management program by Croatia Yachting is very interesting for both investors and private owners. As a private owner, you can finance the boat with the charter income despite weeks of ownership. As an investor, it is quite possible to generate income with the yachts. As always, the most important thing in life is the right partner! We can only recommend Croatia Yachting as a reliable partner from our experience in the last years.