What does the Master Yachts oral cover?
The Master <3000 GT syllabus covers planning and conducting safe navigation, safe watchkeeping arrangements, compasses, ship manoeuvring, response to navigational and other emergencies, pollution compliance, seaworthiness, crew management, the safety of crew and passengers, and legislative requirements. The <500 GT syllabus has the same backbone, with small-ship power plant alongside manoeuvring.
Both ask for 'a thorough knowledge of the content, application and intent' of the COLREGs, and both are judged at management level: you answer as the person carrying final responsibility, not the one on watch.
Is there a Chief Mate or unlimited yacht certificate now?
MSN 1858 Amendment 2 sets out a Chief Mate (Yachts <3000 GT) CoC and an interim 'Yachts Unlimited' route to Chief Mate and Master. The unlimited route runs through management-level modules at MCA-approved nautical colleges and MCA assessments in Chief Mate Navigation and Stability (Yacht Unlimited), and MCA orals — the Chief Mate (Yachts Unlimited) oral, then the Master Unlimited GT Yacht oral. Read section 4 of the notice for the qualifying service on each path.