Yacht Chartering Terminology
High Season Rates:
Winter (December 15 – April 30) Low Rates: Summer (May 1 – December 14) |
Mediterranean
High Rates: Summer (July, August, Special Events) Low Rates: Winter (All other months) Nov 1 to June 30 |
All Inclusive
All inclusive normally means: Captain, professional chef, 3 meals each day with wine, full ships bar (excluding vintage wines, champagne, dockage and communication), water toys and all on deck amenities.
Caribbean Terms All meals included.
Not Included: Bar, Beverages and local Taxes extra (Typical for yachts in St Martin to Grenada.) Plus Expenses / Advance Provisioning Allowance (APA)
In addition to the charter fee, you will also be asked to pay an APA of 25-35% of the charter fee. This is given to the yacht in cash prior to your charter to allow the captain to buy fuel and provision the yacht as per your demands. At the end of the charter, the captain will produce full accounts of all expenditure. You will either be refunded any money not used or asked to pay any additional costs not covered by the APA.
MYBA Terms
Rate includes: Hire of the vessel, her equipment and insurance; crew wages; crew meals, and ship’s laundry. All other costs are paid by the charterer, such as: delivery / redelivery fees; all fuel costs for the vessel, generators tenders and water-sports equipment; applicable local or national taxes; customs formalities; water and electricity taken ashore; harbor fees (dockage); pilots; applicable diving fees; food and beverages for the charterer’s party; guest laundry; all communications costs for the charter party; and crew gratuity.
Delivery / Redelivery Fee
Fuel and / or overhead charges that may apply to any vessel being chartered beyond their homeport or regular cruising grounds, including one-way repositioning without guests. The fee is identified in the charter agreement.
Charter Party
A contract between a vessel’s owner and the charterer for the use of a vessel for one or more voyages or for a specific period of time. Terms of the Charter Party govern the rights and obligations of each party.
Preference Sheets / Provisioning Sheets
Form for food / beverage likes and dislikes of the charter party.
Crew Gratuity / Crew Tip
Not included in the gross charter fee. Not mandatory however it is customary. Cultural differences cause customary tips to range from 10-20% of the gross charter fee.