Saturday, April 30, 2016

Checklist Heaven for Interior Crew




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Sunday, February 15, 2015

Give Yourself a Pay Rise When Sending Money Back Home!

Photo taken from freedigitalphotos.net

Working on board a Superyacht and earning a salary in another currency can be very rewarding! When it comes to transferring your savings or salary back home, you should make sure your money is going as far as you do, since currency fluctuations can have a significant impact on the amount that ends up in your account.

Not only is it important to get a great deal on the initial exchange rate that you transfer your local currency at, but subsequent exchange rate changes often require management or hedging in order to minimize risks and maximize your savings.

The following sections cover some straightforward methods for managing your currency risk efficiently.

Shop around for the best exchange rate sending your money home

A key thing to remember when making the initial currency transfer is that you are generally not locked into using your local bank for foreign exchange transactions and forward exchange contracts.

This means that you can shop around among various banks for the best forex rate, which can often save you as much as 1-3% on your currency transfers. You can also use reputable currency transfer providers like OzForex, who work hard to make sure that all of your currency transfers will be both cost effective and straightforward to perform.

Furthermore, not only can you shop around for the best exchange rate on ‘one off’ transfers, but you can also get better exchange rates on your regular currency transfers, if you plan on repatriating parts of your salary over a long period of time.

Placing currency limit orders

Placing a limit order with your foreign exchange provider is another way to help you get the best exchange rate.

When you enter a limit order, you will need to specify an exchange rate level, a currency pair, an amount of one currency and whether you wish to buy or sell that amount at that level.

If the market exchange rate subsequently fluctuates to your specified level, then your foreign exchange provider will buy or sell the specified amount of currency for you automatically based on your instructions.

Limit orders are especially helpful because people cannot be watching the actively fluctuating foreign exchange market all of the time, and so they might miss out on a short lived exchange rate improvement. Although limit orders are often used when dealing through stock brokers, this useful ability is rarer among foreign exchange providers. Be sure to ask whether your currency transfer provider offers limit orders if you think you might wish to use them.


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This article is brought to you by OzForex Foreign Exchange Services. OzForex is one of the world’s leading foreign exchange companies, providing live exchange rates and focused on providing a smarter, online alternative to existing international money transfer services. Established in 1998 with the aim of giving individuals and corporate clients a better deal, OzForex has offices in Sydney, Toronto, London, Hong Kong, San Francisco and Auckland. 

The OzForex Group includes OzForex, UKForex, Canadian Forex, USForex, NZForex, Tranzfers and ClearFX.

Reproduction of this article is permitted with OzForex clearly credited as the source by including a backlink with anchor text that mentions OzForex, the article name or something that relates to the article’s content.

Tuesday, February 3, 2015

Bordeaux from the Bridge

Bordeaux La Riviere, Fronsac Vineyard
To many, Bordeaux provides allure and mystery that often seems daunting. Those working within the luxury hospitality industry remain mainly focused on what are categorized as First and Second Growth Bordeaux, yet what does that mean and why is that the main focus? When I started working on yachts what seems like eons ago, I didn't pay much attention to the then seemingly longwinded names of the French wines that passed by me. Only when speaking with Chief Stewardesses or Pursers struggling to find the vintages they were looking for and after visiting high-end restaurants to peruse their dreamy wine lists, did I start to question what was going on. Considering how much they cost and how they were revered by those requesting them, I assumed that the wines must be extremely hard to get, small in production and life changing.

What makes them so incredible and worthy of such high praise? Why does it seem that most serious wine collectors consider it their duty to acquire wine from certain Chateau and from certain vintages.

Bordeaux's Rise to Wine “Super Power”

Port of Libourne
If you study the rise of Bordeaux as a wine “Super Power” you see that the wines of Bordeaux embody her history. Bordeaux seems, from the very start, to be a wine region for investment and thus branding. According to Stephen Brook, author of the Complete Bordeaux, the finest wines of Bordeaux were made for export. From the 1150s until the mid-fourteenth century, the British were given special export treatment in the Bordeaux Port of Libourne through the marriage of King Henry II to Eleanor of Aquitane. Bordeaux wines were thus among the first to hit the shores of England as imports and Haut Brion was sought out by name in London as early as the 1600s. Consequentially, export market conditions have historically motivated prices, rather than the quality, quantity or cost to produce. Having said that, the investment prospects from such an early stage in Bordeaux has also surely assisted those top Chateau find the necessary resources to acquire the best parcels of land and implement best practices to get the most out of the grapes that they can. 

Whereas in most other regions, the producer of the wine sets the prices and then does everything he or she can to sell the wine, in Bordeaux the wholesalers have played a much bigger role in the final pricing. Thus, good vintages historically led to massive spikes in price and poor vintages led to rock bottom pricing. This fluctuation of price led to the speculations market. There is virtually no direct-to-consumer sales from the Chateau themselves and thus the branding and promotion of Bordeaux wine by the wholesalers, importers and select retailers has greatly influenced the public’s view of Bordeaux reds. Centuries of great prestige marketing, coupled with the fact that when the vintage is good, the top Chateau create wines fit for one’s desert island, has led to her near dominance of the high-end wine market.

Anatomy of a Bordeaux Wine Label


- Name of Chateau
- Vintage (Listed on top of bottle neck)
- Winery Name
- Appellation Title
- Alcohol Content



Choosing Bordeaux Based on Classification

It is important when purchasing Bordeaux for a yacht owner, or charter guest, to ensure that you are purchasing exactly what is requested. Inspire confidence by understanding the basics of the Bordeaux label. Each piece is crucial. First of all, understand what the classifications such as First Growths and Second Growths mean, because sometimes when preferences are listed, guests simply state that they love them. 

Chateau Haut Brion

In 1855 Emperor Napolean III required a classification be made of the absolute best wine producing Chateau of Bordeaux in order for visitors to better understand their value. Yes, back in 1855 wine brokers (Negociants) ranked the Chateau based on quality and price. For the most part that classification has stuck. Although, as you can see from my highlighted Second Growths, there are quite a few wineries in the second tier that rival if not surpass the first in both quality and price. 



First Growths and their Region
Second Growths and their Region *
Chateau LAFITE-ROTHSCHILD -  Paulliac
Chateau LATOUR - Paulliac
Chateau MARGAUX - Margaux
Chateau HAUT BRION – Pessac
Chateau MOUTON-ROTHSCHILD – Paulliac (Only added in 1973)
Château RAUZAN-SEGLA - Margaux 
Château BRANE-CANTENAC - Margaux
Château RAUZAN-GASSIES - Margaux
Château PICHON-LONGUEVILLE - Pauillac
Château LEOVILLE LAS CASES - Saint-Julien
Château LEOVILLE-POYFERRE - Saint-Julien
COMTESSE DE LALANDE = Pauillac
Château LEOVILLE BARTON - Saint-Julien
Château DUCRU-BEAUCAILLOU - Saint-Julien
Château DURFORT-VIVENS - Margaux
Château COS D'ESTOURNEL - Saint-Estèphe
Château GRUAUD LAROSE - Saint-Julien
Château MONTROSE - Saint-Estèphe
Château LASCOMBES – Margaux
Highlighted are the Chateau that many professional raters these days view as worthy of First Growth praise, often fetching higher scores

Create a Vintage Cheat Sheet

Once you understand which Chateau you are looking for, you must ensure you choose wisely. For, although thousands of cases of each are produced each year, the challenges of the Bordeaux climate produce varying results from year to year. You must have a basic idea of the area the wine comes from and how that vintage faired.


Safe Bets, Vintages Considered  Outstanding to Extraordinary
Region
Vintage
Margaux
2010, 2009, 2005, 2000, 1983
Pauillac, St Julien, St Estephe
2010, 2009, 2005, 2000, 1996, 1995, 1990, 1989, 1986, 1982

What Can The Appellation Tell You?

Many a book and article has been written about the important influence of terroir; thought of as the unique geographical characteristics of the vineyard site such as sun, soil and climate. In other regions such as Burgundy, the label indicates terroir with the name of the vineyard site and producer. 

In
Pauillac Vines
fact, 
their quality designation depends on it.  However, in Bordeaux the classifications are not specific to vineyard sites. Rather, the Chateau are designated and able to buy vineyard rows where they choose. Often the winemaker has as much to do with the final product as terroir. So, although you can get an indication of terroir from the Appellation Name on the label, it doesn’t necessarily indicate quality. However, you can get an idea of where to experiment based on the appellations you see ranked most often in the First and Second Growth (even the Third, Fourth and Fifth Growth) list coupled with the vintage.



Where to Go From Here

The wines of Bordeaux need not be intimidating. Instead, arm yourself with the basic knowledge of the First and Second Growths and work your way down. Understand that the winery name in and of itself is not enough. The year it was produced, aka vintage in Bordeaux is extremely important, especially when paying such a high premium. Finally, remember that there are certain appellations, highlighted so often amongst the top Growths, when able, branch out and try other wines based on the appellation, rather than just the winery name. This will open your eyes to the Bordeaux available at more of an approachable price. Stay tuned for the Bridge Over Bordeaux, where I will highlight some of the New World renditions of Bordeaux varietals that work to emulate and even rival their French counterparts.



ABOUT THE AUTHOR

Catherine Harbour is a former yacht and estate chef with over 50,000 nautical miles under her sea legs. Now Wine Advisor for the Wine Spectrum in the heart of Northern California Wine Country, Catherine can be reached at (707) 525-8466 or charbour@winespectrum.com for any and all wine questions. She sells limited production and rare wines to all 50 States, St. Thomas, St. Maarten, Hong Kong and beyond, as well as will assist with cellar stocking, offsite storage and cellar management.

Wednesday, January 7, 2015

Grow On Your Champagne Journey


Bubbles on the Brain

You will not work in the luxury service industry long without being exposed to the finest of Champagnes. If you are lucky that will start upon your arrival :) When I started, most of what I served and enjoyed were the grandes marques Champagnes of France such as Moet & Chandon, Krug, Taittinger, Cristal and Veuve Clicquot. They flowed fast and furious at times, just as many rap stars and luxury brands show on videos, in movies and on the beaches of St. Martin. What many do not realize is that these large producers own little if any of their vineyards. In fact, most source their grapes from hundreds of producers throughout the region of Champagne in search of maintaining a certain style. (Moet produces over 2 million cases and Veuve nearly 1.5 million cases per year). Whether they focus on the varietal such as Chardonnay or Pinot Noir; or they focus on a certain flavor profile and body, these Champagne producers create a consistent product year after year. That consistency in combination with great marketing has led to their dominance of the Champagne market. According to Food and Wine Magazine, the big Champagne houses produce around 70% of the Champagne available and nearly 97% of the Champagne sold outside of Europe.

Bigger is Not Always Better

Of the some 15,000 growers of grapes in Champagne, less than 5,000 grow, produce and bottle their own Champagne from their vineyards. In fact, Grower Champagnes account for a mere 3% of the Champagne available outside of France. However, over the past 10 years, more and more Grower Champagnes are reaching international markets through the dedication of key importers and the education of people like you to the magic created by small producers. Our interest in the place of origin of products we purchase is motivated by our need to trust the source of quality, right? In comparison to wines from other regions of France, the quality standards for Champagne are based on villages rather than specific vineyards. Thus, the 17 Grand Cru, or best growth designations and 44 Premier Cru, or first growth designations relate to entire villages.

Your Duty Rises in Fine Bubbles

Our job working on the finest yachts, in the most luxurious of villas and estates and with the most discerning of clientele, is not just to give them what they already know they want, but to also introduce them to what we know they will love based on their preferences and our expertise. In walks Grower Champagne. Grower Champagne is produced from just that, the growers of the grapes. These beautiful examples of Champagne often focus on a single grape rather than a blend, or a specific terroir, rather than on the replication of a consistent flavor profile. They are limited in production and hand made; artisinal elegance in a glass… Whereas big houses may purchase wines from up to 1000 different sites around the region of Champagne, Growers source from their limited acreage. Thus, we can look at Grower Champagnes much the same way we do other wines. We can understand where the grapes are grown, how they are grown and how the wine is made in terms of dosage. We can even better understand a wine based on how that particular land, weather and soil (The terroir) affects the result… This provides the kind of authenticity and uniqueness that many avid wine lovers seek. 

Educate Your Champagne Palate 

This is not to say you can just pick any one of these Grower Champagnes up willy nilly, but with a little education and joyous experimentation, you can open their eyes and your own to the greatness that lies within… This will add that extra bit and ensure they remember you and their experience for years to come.

Top Producers of Champagne and their Signature Style
Light and Crisp

  • Moet & Chandon Dom Perignon:
  • Roederer Cristal
  • Billecart Salmon
  • Perriet Joet
  • Taittinger
  • Veuve Clicquot
Medium Body and Complex

  • Salon
  • Deutz
  • Pol Roger
  • Krug
  • Bollinger

Making the Switch

Unlike most of the big Champagne houses, which purchase grapes throughout the region of Champagne, Grand Cru villages such as Les Mesnil-sur-Oger, Ambonnay, Mailly, or Ay Champagnes produce some of the best grapes available. Now, many of the big houses obviously source their grapes from these Grand Cru and Premier Cru villages, but the extent to which is unknown due to the fact that they are blends. At the same time, many of these large Champagne houses ask for sums of upwards of $250-$700 per bottle regardless of where the grapes are sourced from.  These sums are based in part by their quality and in part by their company's reputation; reputations partially built on years of skillful marketing and sponsorship. Grower Champagnes, on the other hand provide that trust based on the village they are grown in, while asking for a fraction of the price. They are made by hand with great care and most often, generations upon generations of experience expressing the land, the grape and the craftsmanship within each individual bottle.

Michel Turgy Vineyard: The Harvest This entirely manual harvest will be pressed in our storehouse in a traditional Champagne press. The pressing finished and the must put into vats, a first natural fermentation will take place: the alcoholic fermentation which will transfer the sugar into alcohol. Thanks to our new thermoregulated vats, this very important stage will take place in ideal conditions. At this time the must has become wine.

Best Grower Options Similar in Style to the Famous Names of Champagne

As a Wine Broker, I get to taste hundreds of incredible limited production wines a year. Some of the best Grower Champagnes that I have enjoyed lately are from Egly Ouriet, Michel Turgy and Saint Chamant.

Egly Ouriet is a man of principle and absolute ideas about how grapes should be tended, wine should be made and the resulting Champagne should be stored and served. He takes such care in the vineyard that he is
rumored to not even let the wine buyer of the French Laundry interrupt him in the vineyard; for the vines need
him.

The NV Egly Ouriet Brut 'Tradition' Grand Cru that I recently tasted is a combination of 70% Pinot Noir and 30% Chardonnay and just full of finesse from some of the greatest old-vine vineyards of Ambonnay, Bouzy, Verzy and Versenay. The bubbles are fine and the nose of full of fruit compote and flowers, with a touch of vanilla and butter…

Like the most beautiful of crepes, it melts in your mouth. His Brut Rose is also up there with my favorites of 2014. The combination of 65% Pinot Noir and 45% Chardonnay, along with forty-eight months on the lees result in the most beautiful pale salmon color, nose of red currants, black cherries and a hint of pepper. Imagine all that with a hint of rose petal, just close your eyes and wonder. The perfume, poise and the grace of this Rose Champagne usually warrants a much higher price than you pay for this Champagne. A long lasting finish lingers as you decide whether or not you want to share… but you can't help it, because it is that good.

Michel Turgy offers another beautiful look into a Champagne that tastes far above its price point. Produced in the same area of Salon, Krug and Launois, this Grand Cru bubbly delights with a nose of toasted brioche, creamy butter, crunchy toffee and bunches of wild blossoms… When I tried this, I vowed to never enjoy Veuve again… (Can I say that? It is the truth). This is 100% Chardonnay and is a Champagne of grace and depth based on its noble Le Mesnil roots. You can taste the NV and a their 2004 side-by-side and enjoy the luxury of comparing the two. I have clients that love Champagne and swear by Turgy; ordering it by the case. Their 2004 was a stellar example of the vintage at a fraction of the price of the big names (The Turgy 2004 is under $75/bottle) Turgy will open your eyes to a great Champagne at a very reasonable price point.

Finally,Saint Chamant offers probably the most charming of stories. Their champagnes are of great quality, very age worthy, with extremely fine bubbles. He actually disgorges to order and his wife reportedly hand-labels each bottle. Sound romantic? It is and so is this Champagne! Getting ready for the Holiday Season I tasted the 2005
Saint-Chamant 'Millesime' Blanc de Blancs Brut Grand Cru and smiled throughout the tasting. Saint-Chamant
was established in 1930 by Pierre and Hélène Coquillete. Their son, Christian, took over the estate in 1950.

Located in Epernay, Monsieur Christian Coquillette is a firm believer in aging Champagne and is committed to Chardonnay. It is hard to say how many bottles he has in his cellar, but most likely in the hundreds of thousands! Christian grows almost exclusively Chardonnay grapes in Chouilly, a village classified as Grand Cru in the Côte des Blancs, as well as a small amount in Épernay. The vineyards are planted on limestone soil, growing on 10 inches of arable earth and directly on the "roche mère" or mother rock made of chalk descending for tens of meters. This mother rock acts as a huge sponge, soaking up the water when there is abundant rain and returning it in the drought periods. The characteristic of the sub-soil adds to the expression of aromas from the fruit and creates a refined wine. Saint-Chamant specializes primarily in Blanc de Blancs and they are a must try for anyone that enjoys Champagne.

In Conclusion… Seek and You Shall Find

Push your palate and those of your guests to the next level. Open your eyes to smaller producers. We do so with other varietals like Cabernet Sauvignon, Chardonnay, Pinot Noir and the like; why not with the sparkling wines of Champagne? You will not look back… Go on the journey in 2015. You will appreciate it. Your guests and clients will remember it and thank you for it. There is much more to a bottle of Champagne than their bubbles and all the marketing in the world can't take away from that.

Catherine

Catherine Harbour is a former yacht chef, now Wine Advisor for the Wine Spectrum in the heart of northern California Wine Country and can be reached at (707) 525-8466 or charbour@winespectrum.com. She can ship to all 50 States, St. Thomas and St. Maarten.