Yacht Charter Terms and Conditions

There are different types of yacht charter contracts that determine the terms and conditions of payment.

Below is a summary of the main types of contracts used depending on whether the yachts make cruises in the Western Mediterranean, Eastern Mediterranean or Caribbean area.

• MYBA Terms (MYBA The Worldwide Yachting Association). The cost of the Charter includes yacht charter, salary and crew meals, boat laundry and insurance. Other current expenses, such as: fuel for main engines, generators, equipment and water sports, moorings, port fees, meals, beverages and alcohol, communication fees, tips, local taxes, etc., are considered additional costs and are borne by the Charterer. For these contracts it is expected that the customer in addition to the freight pays an APA
• GT (Greek Terms) The cost of the Charter includes everything including mooring fees in Greek ports, water and boat laundry, but excludes: fuel, meals, local taxes and telephone communications, all expenses made in Turkish waters, and navigation fees for crossing the Corinth Canal (if any).
  Currently, these terms have been supplanted in many cases by the MYBA Terms.
• CT (Caribbean Terms) The cost of the Charter generally includes meals and fuel but excludes alcoholic beverages, local and mooring taxes and telephone communications. These are the responsibility of the Charterer.

VAT
The percentage of this tax varies from country to country and from the type of navigation that takes place (inside or outside international waters), to the point of being completely exempt, VAT however concerns all Commercial Vessel vessels.
Note: With regard to the introduction of occasional chartering, provided for in Italian law, the customer will not be required to pay any VAT item while the owner will pay a fixed tax on the amount received

A.P.A. (Advance Provisioning Allowance)
In addition to the charter fee, you will also be asked to pay an APA of 30-40% of the charter fee. This is given to the Captain to allow him to buy fuel, provision the yacht with food and drinks as per your demands, and cover any other expenses relating to the cost of your of your charter (including fuel for tenders, fuel for generators; berthing dues and other harbour charges away from the yacht’s own berth). 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.

TRANSFER FEES
Delivery Fees may be requested by owners in the case of charters that provide for the beginning or end of the charter in bases other than the usual ones of the chosen yacht.

TIPS
In general, the customary bonus for the crew amounts to between 5% and 15% of the rental fee based on the quality of the service received and in any case always at the discretion of the Client and. This sum is delivered to the Captain who will distribute it among the crew members.

PAYMENTS
The payment of 50% of the charter fee is due upon signing the Charter agreement, to confirm the booking. The Balance payment (50% Charter Rate, APA, Repositioning Fees, VAT) should be made one month before the beginning of the Charter.