TERMS OF PAYMENT
Charter rates are usually based to the following terms acccording to the yachts will cruise on the Western Mediterranean area , in the Eastern Mediterranean or the Caribbean.
- WMT (West Mediterranean Terms) charter rate includes: charter fee, crew salary, insurance of the yacht as well as crew. All other costst are excluded and they will be paid by the Charterer. These terms are occasionally used for charter yachts under 24 mt.
- MYBA Terms (Mediterranean Yacht Brokers Association Terms). The charter rate includes the charter fee, crew salary and meals, insurance of the yacht as well as crew, yacht’s laundry. All other expenses: fuels (main engines, water toys, generators, air conditioning), moorings costs, food and beverages for the charter clients, onboard communication fees, etc. will be charged additionally to the charter rate..
- GT (Greek Terms) The charter rate includes all running costs and fuel and three meals per day. Alcoholic drinks and onboard communication fees are not included in the charter rate. Port fees are not included too and have to be paid in addition to the charter rate.
- CT (Caribbean Terms) The charter rate includes all running costs, charter clients meals and fuels. Alcoholic drinks bevande alcoliche, local taxes, mooring fees and on board comunication fees will be charged additionally to the charter rate. Under Caribbean terms, there are a variety of agreements offered, including all inclusive packages (more typical on sailing yachts), with all catering and bar included in the charter fee.
VAT varies from country to country and in some cases, from yacht to yacht. Please ask us for the conditions that apply to the countries or special conditions of particular yachts. Commercial vessels are VAT exempt.
A.P.A.(Advance Provisioning Allowance)
In addition to the charter fee, you will also be asked to pay an APA (Advanced Provisioning Allowance) of 25-30% of the charter fee. This is given to the yacht in cash prior to your charter to allow the captain to buy fuel, provision the yacht with food and drink as per your demands, and cover any other expenses relating to the cost of your charter (including fuel for RIB or other tenders or jet skis, fuel for generators; consumable stores; berthing dues and other harbour charges away from the yacht's own berth, including pilotage fees and charges for water and electricity taken from the shore; laundry, telephone, fax or telex via radio or Inmarsat). 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.
Delivery could be asked by yacht Owners in case the yacht will be requested witrh a departure place different from her homeport.
A yacht’s crew will work extremely hard and very long hours to make sure that your charter is a total success, and whilst not mandatory it is customary to leave a gratuity (tip) at the end of a charter. For excellent service it is typical to leave a tip of 10% of the charter fee, which should be given to the captain for disbursement to the rest of the crew.
A 50% deposit will be required to confirm a booking. This is due upon the signing of the charter agreement. The balance (50%) , the APA and eventual Felivery fees are normally due 30-60 days before the start of the charter.
Owners may require a deposit to guarantee against any possible damage caused by Charterer or his guests (usually asked in case of Parties on board).
We recommend that you take suitable Cancellation and Curtailment Insurance if unforeseen circumstances prevent or cut short your charter.