What Does the Yacht Charter Rate Include?
Yacht charter rate Inclusions vary according to the size of the yacht as well as the area of the world in which it operates. The most common rate structures are listed below.
All-inclusive Caribbean Yacht Charter Rates: These rates include the hire of the yacht and crew, all meals, snacks, open bar (champagnes, vintage wines, extraordinary brands, and excessive consumption are additional), the use and instruction of all onboard watersports equipment, cruising taxes, and port fees. Some yachts charge extra for cruising fees, and this will be specified in the information that we send you. The majority of sailing yachts in the Caribbean as well as some smaller motor yachts operate under these terms.
All-inclusive Plus Bar Yacht Charter Rates: All of the above rate information applies except that bar is additional; most yachts pass along this charge "at cost." Many sailing yachts in the lower Caribbean (from St. Maarten to Grenada) operate under these terms.
MYBA Terms or Plus Expenses: This yacht charter rate includes the hire of the yacht, the crew, and the yacht's insurance. The Charterer pays for all of the running expenses of the yacht "at cost". These expenses include the Charterer's food and beverage; consumables; fuel for the yacht, tenders and watercraft; dockage; port fees; cruising taxes; communications; personal laundry; shoreside water and electricity; port agent fees, if required; etc. Typically, these additional costs add approximately 35% to the yacht charter rate on a motor yacht and about 20-25% on a sailing yacht. The majority of power yachts (as well as sailing yachts based outside of the Caribbean) operate under these terms.
Advanced Provisioning Allowance" (APA): This is the amount that you pay to cover the "plus expenses" costs. The APA is collected with the final Charter Payment. During the charter, the Captain will account for all expenses and will present the Charterer with a detailed statement. Any unused APA monies will immediately be refunded to the Charterer and, conversely, any shortfall will be payable by the Charterer to the Captain.
Additional Costs: Under all of the above terms, airfare, ground transfers, shoreside activities, and crew gratuity are additional. Depending upon location, a 10-20% gratuity is at your discretion.
Short-term charters: Our published rates are based upon 7 nights; most yachts will charter for 3 nights or more, For six night charters, divide the weekly rate by 7 and multiply by 6. For less than 6 nights, divide the weekly rate by 6, and multiply be the number of nights. A 6-night charter is ideal for a client that wants to save money as there is no surcharge. If the weekly rate of a yacht is over their budget, suggest that they just do 6 nights.
Long-term charters: Many yachts will offer special rates for charters that are over two weeks; many clients who want to use a yacht for a month or two, or even a year, find that it is both less expensive and less of a hassle to charter than to buy a yacht; inquire for details.
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