Flag & insurance — Cursorio
“Flag administration (Cayman, Marshall, Isle of Man, France) and annual negotiation of Hull & Machinery and P&I policies.”
Cursorio
“Independent ship management firm based in Le Cannet, French Riviera, with a distinct UAE company in Dubai (CURSORIO INTERMARINE MANAGEMENT SERVICES - FZCO), following each vessel across its cruising grounds. Specialising in private superyachts of 50 metres and above and yachts held via family office.”
Products & services
Questions & answers
What types of vessels do you manage?
“Our mandates primarily cover yachts above 24 metres (commercial or private), support vessels and small commercial units (pilot boats, offshore support, small commercial). We do not work on heavy merchant shipping nor on purely recreational small craft.”
What is your geographic footprint?
“The firm is based in Le Cannet on the French Riviera, with an office in Dubai. Strong presence in the western Mediterranean (French Riviera, Italy, Balearics, Corsica) and in the Gulf in winter. Beyond that, the mandate follows the vessel — Caribbean, Atlantic, Adriatic, Black Sea, Indian Ocean, Red Sea — relying on our network of local agents.”
Are you independent from underwriters and yards?
“Yes, unambiguously. We accept no commission or referral fee from P&I, Hull, class or yards. Our remuneration comes solely from your mandate. This keeps our recommendations aligned with your interests only.”
What is MLC 2006 and does it apply to my private yacht?
“The Maritime Labour Convention 2006 is the international convention adopted by the ILO setting out minimum rights for seafarers: written contracts, hours, rest, pay, accommodation, health, social security. It applies to virtually all commercial vessels and to many private yachts depending on flag and tonnage.”
How do you manage payroll for a multi-national crew?
“Payroll is processed centrally in Cursorio Manager, with a dedicated account per currency (USD, EUR, GBP, AUD). Each SEA contract specifies the currency, gross amount, applicable contributions and seasonal bonuses.”
What is Cursorio's role in a dismissal or a crew dispute?
“Our role is twofold: shield the owner and the captain from litigation exposure, and handle the situation by the letter of the contract and the flag. We prepare the procedure, document the facts up front, coordinate with maritime counsel when needed (flag-state jurisdiction applying), settle final pay, organise repatriation in line with MLC requirements, and manage the departure discreetly.”
Can the flag be changed mid-operation?
“Yes, and it happens more frequently than one might imagine: change of owner, evolution of the ownership structure, tax optimisation, commercial repositioning. The procedure requires precise coordination: deregistration from the former flag, transfer of certificates (SMC, ISSC, Radio, Tonnage), re-registration under the new flag, update of insurance policies, display of the new documents on board, crew briefing.”
What is the difference between Hull & Machinery and P&I?
“Hull & Machinery (H&M) covers physical damage to the vessel itself: total loss, hull damage, machinery breakdown, collision, grounding, fire. It is an asset-side cover.”
Is Cursorio an insurance broker?
“No, and this is a deliberate choice. We are not a licensed broker, we receive no commission, no referral fee and no rebate from any insurer or broker.”
My yacht is private. Am I really concerned by ISM and ISPS?
“More often than one would think. The ISM Code applies, in principle, to commercial vessels, but several superyacht flags (Cayman Islands, Marshall Islands, Isle of Man, Malta) extend its application to private yachts above 500 GT — and sometimes from 400 GT depending on the jurisdiction.”
What is the difference between a pre-audit and an official audit?
“The official audit is conducted by an accredited auditor of the flag or a classification society (Lloyd's Register, DNV, Bureau Veritas, RINA), with the authority to issue, renew or suspend the Safety Management Certificate (SMC) and the International Ship Security Certificate (ISSC).”
How long does a full pre-audit take?
“The typical timeline is about six weeks: one week of remote documentary review, two to three days on board for operational verification, two weeks to draft the report and corrective plan, then four to six weeks supporting the closure of non-conformities.”
Data formats & record details
Download this profile and inspect its supporting evidence.
- Entity ID
- urn:readyscan:entity:cursorio-q139793789
- Material fingerprint
- fnv1a64:4c00a2a34cc03c20
- Entity revision
- fnv1a64:1f6dd6490f83eb09
- Published
- 2026-10-27
- Modified
- 2026-10-27
- Source summary
- Cursorio: “Independent ship management firm based in Le Cannet, French Riviera, with a distinct UAE company in Dubai (CURSORIO INTERMARINE MANAGEMENT SERVICES - FZCO), following each vessel across its cruising grounds. Specialising in private superyachts of 50 metres and above and yachts held via family office.”