Yacht Charter Questions

Faq About Yacht Charter. Frequently asked questions about yacht charter Terms in the Eastern Mediterranean

yacht Charter rates are quoted per week for the hire of the yacht. Seven days is generally the minimum yacht charter period accepted by yachts, but charters can be for any duration over seven days. yacht charter questions

yacht charter over seven days are calculated pro-rata against the weekly rate divided by seven and multiplied by the number of yacht charter days. During low season periods some yachts may consider charters of less than seven days. yacht charter questions

Yacht Charter Questions

Charters commence from noon onwards on the first day and terminate by noon on the last day. For example, a charter contracted to commence at noon on 1st June and terminate at noon on 8th June constitutes a one week charter. yacht charter questions

High season rates apply to July / August and Christmas / New Year, Mid season rates apply to June and September Low season rates apply to May and November Please note that charter rates quoted on this site are believed to be correct but may be subject to change. yacht charter questions

2 – Is VAT applicable on the charter fee?

Please note that due to European Union tax legislation, Value Added Tax (such as French TVA, Italian IVA, etc) applies on the gross charter fee for charters taking place in European Union Waters on yachts which are not commercially registered. Turkish VAT is 18%. yacht charter questions

3- Yacht charter What is included within the charter rate?

What is MYBA Most charter rates that appear on this website are based on MYBA Terms, which imply that the yacht will be provided to the charterer in full commission and with all necessary equipment, properly insured for marine risks and managed by a crew, whose wages, food and clothing are for the owner’s account. yacht charter questions

All other operating expenses are payable by the charterer and comprise (but are not restricted to) the following items: fuel and lubricating oils for the yacht, her tenders and motorised water toys; local taxes; pilotage; port, harbour and marina dues; customs clearance; water and electricity; personal laundry; all provisions, wines, beers, spirits, soft drinks and consumables including satellite telecommunication if any for the charterer’s party. yacht charter questions

Please note that, occasionally, a yacht may offer a variation on the terms described above. Akasia brokers will provide full details of any charter terms that vary from standard MYBA Terms when presenting the relevant yachts. Yacht Charter Questions yacht charter questions

4 -Myba is an acronym for the Worldwide Yachting Association.

It is a trade association founded in 1984 by a group of prominent yacht brokers with the aim of promoting standards of professionalism and ethics in the yachting industry throughout the Mediterranean, and worldwide.

TYBA only endorses membership to brokerages with a proven track record of professional excellence in the yachting industry, thereby offering valuable benefits and safeguards to clients choosing to purchase, sell, build or charter a yacht through a TYBA brokers. yacht charter questions

5 – What do I need to do to secure my chosen yacht?

All charters are subject to a fully executed contract, so once the availability for your chosen yacht has been verified, you will receive a standard MYBA Charter Agreement for signature.

If your chosen cruising itinerary necessitates embarking or disembarking from a point other than the yacht’s home port, positioning charges (delivery and redelivery fees) may be required. These charges, if applicable, will be confirmed in advance and affirmed in the Charter Agreement, together with any taxes that may apply.

6 – What are the payment terms for a charter?

A deposit of 50% of the total charter fee is payable by bank transfer on signature of the Charter Agreement. This confirms your booking. The remaining 50%, plus an Advance Provisioning Allowance, together with any taxes, delivery/redelivery fees and any additionally agreed charges, is payable by bank transfer one month before the charter commences. yacht charter questions

7 – What is APA and how is it calculated?

The Advance Provisioning Allowance (APA) is due at the time of the final charter payment. Under MYBA Terms, this sum is usually equivalent to 25% of the total charter fee, but may be 30% in some cases. Intended to cover the operating expenses of a charter such as, fuel, food, drinks, port fees, these funds will be given to the captain before the start of your charter.

He will ensure that your yacht is fully fuelled and provisioned when you step on board. Whilst an up-to-date summary of accounts can be requested at any time during your charter, a full set of accounts will normally be submitted by your captain at the end for the cruise. yacht charter questions

If, during the charter, the expenditure exceeds the sum already paid, additional cash funds will be required at once. All outstanding bills should be settled in cash before final disembarkation. yacht charter questions

Of course, any remaining credit at the end of your charter will be reimbursed to you in full. On request, transfer arrangements to and from the yacht can be made by Akasia or by your captain, payment for which will be deducted from your APA. Faq About Yacht Charter

8 – Can I specify the food and wine to be served aboard the yacht?

Every detail counts. Several weeks before you board your yacht, we will ask you to complete a detailed questionnaire describing the preferences and special needs of all the members of your party, such as dietary or medial requirements, details of any allergies, and your sporting or entertainment requests. This will enable us and the crew of your chosen yacht to ensure that everything possible is done to make your charter a fabulous experience.

9 – Do all yachts accept children on board?

Most yachts are very welcoming to children and some are equipped with chidren in mind. However, a few yachts may stipulate a minimum age for children and/or have a requirement for a nanny to be on board during the charter. Faq About Yacht Charter

The crew cannot provide childminding or babysitting services. Please inform your Akasia broker at the outset of planning your yacht charter if there are children in your party. Faq About Yacht Charter

10 – Can I smoke on board the yacht?

Smoking is not permitted inside most yachts. However please consult us for verification, as this policy may vary on certain yachts. For safety reasons, smoking in cabins and staterooms is prohibited on all yachts.

11 – How much should I tip the crew?

Crew gratuities are discretionary, although it is customary for a charterer who has enjoyed the kind and attentive service crew to extend a gratuity.

Crew gratuities are normally in the region of 10% of the charter fee, but can be adjusted up or down according to your level of satisfaction. The best way to ensure that all crew members receive equal recognition is to entrust the distribution of gratuities to the captain.

In this way, inconspicuous crew members such as engineers and culinary staff, who make an important contribution to your safety and enjoyment, will not be overlooked. Yacht Charter Questions

12 – Am I covered by insurance?

We recommend that charterers take out Cancellation and Curtailment Insurance to protect their investment if unforeseen circumstances prevent or curtail their charter.

Additionally, all members of the charter party should be covered by Personal Accident and Medical Insurance, and their personal effects should be insured against theft, loss or damage.

Other forms of insurance, such as Charterer’s Liability may also be prudent. Akasia brokers will be pleased to assist with arranging any policy not covered by the basic Charter Agreement. Yacht Charter Questions

13 – Am I permitted to use the yacht’s watersports toys and SCUBA equipment?

In certain countries a Certificate of Competency is required to participate in watersports activities (jet skis, waverunners and other mechanically propelled watercraft).

Please consider which members of your party will want to use the yacht’s motorised water toys. If they do not have the required licences/certificates we can arrange for an instructor to come on board the yacht during the charter to issue a certificate.

Please note that all tuition fees are for the charterer’s account and availability of local instructors cannot be guaranteed. Certain areas prohibit the use of motorised water toys altogether.

Use of personal watercraft is only permitted subject to the operator having the appropriate license and meeting with local operating regulations. Any liability arising from non-compliance is entirely at the operator’s risk.

If the yacht has Scuba equipment on board, it may only be used by certified divers holding a certified Padi license or equivalent. Yacht Charter Questions