Yacht Charter Guide
Once our Charter Team receives your enquiry with your booking dates of preference, we’ll propose a range of suitable options to you. When your yacht has been strategically selected, we’ll forward all associated booking details to you (including the booking rate, embarkation and disembarkation ports, along with other information). Once the service agreement is established, the charter contract will be engaged.
Contract and Payment Terms
The type of contract that is used is produced by M.Y.B.A. (Mediterranean Yacht Brokers Association). The parties who sign the charter agreement are the Owner of the Yacht, the Charterer and broker(s).
To confirm your booking, a 50% total charter fee (“1st Instalment”) is required. The balance of the charter fee plus VAT (if any), plus APA and any other agreed expenses such as delivery/redelivery fees (if any), security deposits (if any) etc. will be requested for payment one month prior to embarkation.
What does the Charter Rate include?
The charter rate includes:
➢ The Yacht
➢ Yacht Insurance
➢ The Yacht Crew
➢ Crew Insurance
➢ Brokerage commissions
What are Charter Additional Expenses (What’s A.P.A.) ?
The charter rate does not include guests’ food, drinks and beverages, fuel consumption, gasoline for waters toys, VAT, any local agent’s fees, and any communications fees. Laundry is not included on the charter fee (unless otherwise has been agreed). For these additional expenses, the Charterer will be requested to pay an extra amount called APA (advanced provisioning allowance) which is usually the 30-35% of the charter fee. The crew can then prepare the vessel in advance, in terms of fuel and food provisioning. The food and drinks’ selection is based on the preference sheet that the Charterer will be asked to complete. The captain who will be responsible for the use of the APA will inform the Charterer at the end of his charter (or during his charter) for the APA balance presenting all possible receipts. Should the APA finish before the end of the charter, the Charterer will be requested to make extra payment. If there is a refund, the Captain will reimburse the Charterer with the relevant amount cash and prior to his disembarkation.
The VAT is different from country to country therefore, varies depending on the cruising area. The Greek VAT is currently 12% on top of the charter fee and 9,2% for the commercially registered yachts.
For any local VAT’s or further information, please do not hesitate to e-mail our charter team:firstname.lastname@example.org